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 $539,900 Purchase Price $539,900
Buyers 5% down payment $26,995 Buyers 5% down payment $26,995
 Mortgage Insurance premium of 4% $20,516 Mortgage Insurance premium of 2.8% $14,361
Additional Down Payment As Shared Equity $0 Additional 10% as shared equity $53,990
You would require a Mortgage of $533,421 You would require a Mortgage of $479,431
Your Monthly payment will be Your Monthly payment will be

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.

Summer P6 – 10033

$539,900

Beds

3

Baths

2.5

SQ FT.

1701

$317.40/Sq. Ft.
$1119
Bi Weekly
%
Completion Date: Move In Ready!
Welcome to the Summer show home in Rivers Edge, a luxurious and modern residence that boasts plenty of natural light through its numerous windows. As you enter the home, you'll be greeted by a spacious foyer with a convenient walk-in coat closet, leading to a cozy great room with large windows that let in plenty of natural light. Further down the hallway, you'll find a half bathroom and an open office. The open-concept sitting room features three large windows, a nook, and a kitchen equipped with quartz countertops, a spacious island with a flush eating ledge, and plenty of Thermofoil cabinets with soft-close doors and drawers. The kitchen also includes a Silgrante sink, a Moen "Indie" chrome pull-down faucet, and an over-the-range microwave. The rear of the home features another walk-in closet and a nook with large windows and a rear entry garden door that overlooks a surprisingly spacious backyard. On the upper floor, you'll find a bonus room, a bright primary suite with a walk-in closet, and a 4-piece ensuite with double sinks and a tub/shower combo. There is also a main 3-piece bathroom, a laundry room, and two comfortable bedrooms with plenty of closet space. Appliances, blinds, draped and landscaping included.
Please note, while we strive to ensure the accuracy of the information displayed on this page, it is not guaranteed and should be verified. We encourage you to consult with an sales manager for complete and up-to-date details for this home.
Bonus Room
Upstairs Laundry
4-Piece Ensuite
Side Entrance
9 Foot Main Floor
9 Foot Basement
Side Windows
Previous Show Home
Landscaping
Basement Rough-Ins Package
See how your furniture fits and explore all this floor plan has to offer!
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Lot Features

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

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

Interior Rooms

Mudroom: No
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: Yes
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: Yes
Side Windows: Yes
Previous show home: Yes
Includes Landscaping: Yes

Included Upgrades and Options

Luxury Kitchen Pkg:No
Luxury Garage Pkg:No
Basement Rough-Ins Pkg:Yes
Smart Package:No

Appliance

Warranty

+ Click to view standard specifications

+ 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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Monthly payment

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* 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. 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, 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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