Available Programs

You could be eligible for 2 programs. Fill out the form to see what programs may be available to you.

Program #1: First Time Home Buyer Incentive Program is a Government of Canada plan intended to help first time buyers purchase a home, by making it more affordable by reducing their monthly mortgage payment without increasing their down payment.

Buying New Build Home WITHOUT Incentive Buying New Build Home WITH First Time Home Buyer Incentive Program
Purchase Price $499,900 Purchase Price $499,900
Buyers 5% down payment $24,995 Buyers 5% down payment $24,995
 Mortgage Insurance premium of 4% $18,996 Mortgage Insurance premium of 2.8% $13,297
Additional Down Payment As Shared Equity $0 Additional 10% as shared equity $49,990
You would require a Mortgage of $493,901 You would require a Mortgage of $443,911
Your Monthly payment will be $1,788 Your Monthly payment will be $1,634

Program #2: The Home Buyers’ Plan allows you to take funds out of your Registered Retirement Savings Plan, known as your RRSPs. This means you can borrow up to $25,000 for your downpayment tax-free. What’s more, if you and your partner both have RRSPs, you are each entitled to withdraw this same amount for a total of $50,000

Fill out this form to find available programs.
Spirit C – 352016
193 SUNLAND WAY,Summerwood,Sherwood Park
$499,900
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Spirit C – 352016

193 SUNLAND WAY,Summerwood,Sherwood Park
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Colourboard

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$499,900

Beds

3

Baths

2.5

SQ FT.

1630

$306.69/Sq. Ft.
$1119
Bi Weekly
%
Get A Preferred Builder Rate

November 21 2024 -February 19 2025

Estimated Construction Completion Date

The Spirit  is perfect for first time home buyer and investors alike. Great use of spaces for comfortable living and rear entrance works well for a future legal suite or private access to the basement level. It has 9 ft. ceilings on the main floor & luxury Vinyl Plank Flooring throughout the main floor. Inviting foyer with convenient large coat closet leads to open concept main floor with a great room bathed in lots of natural light through the large front windows. The kitchen is in the heart of the home balanced by the rear nook that has equally large windows with great views to the back yard that is surprisingly spacious. This home comes with a parking pad (with an option for a detached two-car garage). Also in the rear of the home is a walk-through mud room and a private rear entry with direct access to the lower level. The highly functional kitchen has quartz counter-tops (throughout home), 4" quartz backsplash, an island with a flush eating ledge, a Silgrante sink, Moen “Indie” chrome pull down faucet, an over the range microwave and plenty of Thermofoil cabinets with 36” uppers, soft close doors and drawers and pendant and SLD recessed lighting .Tucked in next the the stairs to the upper level is a convenient 1/2 bath. The upper floor has a bonus room, a bright primary suite with a walk-in closet and a 4-piece ensuite with double sinks and a stand up shower with glass doors, a main 3-piece bath, a laundry closet and comfortable second and third bedrooms with plenty of closet space. Appliance package is included.
Mudroom
Bonus Room
Upstairs Laundry
4-Piece Ensuite
9 Foot Main Floor
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Next Steps

Tour this home, tour the showhome or contact us for more details

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Your space,
Your way.

Tailor your home to meet your unique needs. Whether you’re looking at a quick possession or a pre-sale home, you can personalize it with floorplan options, kitchen selections, add-on options, and more! Ask us how!

ON NOW: Enjoy 50% OFF upgrades when you choose a pre-sale home - up to $20,000 in savings!*

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Lot Features

Lot Location: Interior
Lot Shape: Regular
Walkout: No
Zero Lot: Yes
Park View: No
Lake View: No
Lot Direction: South

The information provided for all properties displayed on this website is believed to be accurate but is not guaranteed and should be verified. Call 780-800-7594 in order to obtain the complete information on each property.

Building Type

Detached Garage Home

Garage Stalls

2+ Parking Pad

Colourboard Selection

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Interior Rooms

Mudroom: Yes
Den: No
Spice Kitchen: No
Bonus Room: Yes
Upstairs Laundry: Yes
Main Floor Bedroom: No
4th Bedroom: No
5th Bedroom: No

Interior Features

3 Piece Ensuite: No
4 Piece Ensuite: Yes
5 Piece Ensuite: No
Side Entrance: No
Legal Suite: No
Finished Basement: No
Walkout Basement: No
Open to below: No
Condo Fees: No
Railings: No
9 Foot Main Floor: Yes
9 Foot Basement: No
Side Windows: No
Previous show home: No
Includes Landscaping: No

Included Upgrades and Options

Luxury Kitchen Pkg:No
Luxury Garage Pkg:No
Basement Rough-Ins Pkg:No
Stand Up Shower:No
Smart Package:No

Appliance

This home includes a standard appliance package which contains a fridge, free-standing range, over-the-range microwave, dishwasher, and washer/dryer. Depending on the stage of the home, buyers can upgrade select appliances.

Warranty

All Sterling homes are covered by the Alberta New Home Warranty Program (ANHWP).Under the ANHWP, your home is covered for one year on materials (the flooring, fixtures, baseboards etc.), two years on the heating, plumbing and electrical systems, five years on building envelope (the roof and exterior walls) and ten years on all the structural components.

+ Additional Resources

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1. Available For Purchase

2. Blueprints Started

3. Blueprints Completed

4. Materials Purchased

5. Stake in the Ground

6. Foundation Complete

7. Framing

8. Electrical Complete

9. Insulation Complete

10. Cabinets

11. Painting Complete

12. Home Complete

1. Available For Purchase

2. Blueprints Started

3. Blueprints Completed

4. Materials Purchased

5. Stake in the Ground

6. Foundation Complete

7. Framing

8. Electrical Complete

9. Insulation Complete

10. Cabinets

11. Painting Complete

12. Home Complete

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Mortgage amount

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Down payment assistance
This home has 2 programs available in assistance. See available programs

* Mortgage Calculator and Bi-Weekly payments are for illustrative purposes only. This calculator does not qualify you for a mortgage or loan. Information such as interest rates, pricing, and payments are estimates intended for comparison only. Consult a financial professional.

At Sterling Homes, we strongly believe in building homes that are not only beautiful and comfortable but are also environmentally friendly and sustainable. BUILT GREEN® Canada is a national non-profit industry-driven organization that promotes, encourages, and supports the construction of environmentally responsible homes. Homes certified BUILT GREEN® Gold or Platinum qualify for a 25% mortgage insurance rebate.

At Sterling Homes, we strongly believe in building homes that are not only beautiful and comfortable but are also environmentally friendly and sustainable. BUILT GREEN® Canada is a national non-profit industry-driven organization that promotes, encourages, and supports the construction of environmentally responsible homes. Every single home Sterling builds is certified BUILT GREEN®, and is then tiered within their program. Homes certified BUILT GREEN® Gold or Platinum qualify for a 25% mortgage insurance rebate.

The price of a home with Sterling Homes encompasses the home itself, the lot the home is built on, the GST, an appliance package, and enrollment in the Alberta New Home Warranty Program.

All Sterling homes are covered by the Alberta New Home Warranty Program (ANHWP).Under the ANHWP, your home is covered for one year on materials (the flooring, fixtures, baseboards etc.), two years on the heating, plumbing and electrical systems, five years on building envelope (the roof and exterior walls) and ten years on all the structural components.

At Sterling Homes, we offer a variety of personalization options tailored to suit your preferences and needs. Depending on the stage of construction when you decide to purchase, some options may not be available. Personalization options range adding feature walls to selecting your ideal color palette, or even implementing structural modifications such as integrating a legal suite into the basement. We encourage you to connect with our dedicated team to explore the array of personalization choices available for the specific home you're considering.

The minimum amount you can put down is 5% of the home’s value, as long as the home costs $500,000 or less. If the cost of the home is over $500,000, the minimum you’ll need to pay is 5% on the first $500,000 and 10% on the remaining balance.
So for example, if your home costs $600,000 the minimum down payment would be:

5% of $500,00 = $25,000
10% of $100,000 = $10,000
Total minimum down payment = $35,000

Have more questions? Check out our blog and our knowledge base, where we answer over 400 questions for homebuyers like you and provide tips for buying or selling a home in Edmonton.

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