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 $684,900 Purchase Price $684,900
Buyers 5% down payment $34,245 Buyers 5% down payment $34,245
 Mortgage Insurance premium of 4% $26,026 Mortgage Insurance premium of 2.8% $18,218
Additional Down Payment As Shared Equity $0 Additional 10% as shared equity $68,490
You would require a Mortgage of $676,681 You would require a Mortgage of $608,191
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.

Thomas B – 9384

5704 LARK POINT,Kinglet,North West Edmonton

$684,900

Price

5

Beds

3

Baths

2607 Sq. Ft.

$262.72/Sq. Ft.
$1119
Bi Weekly
%

Move In Ready!

Estimated Construction Completion Date

PREVIOUS SHOW HOME FOR SALE!!! The Thomas by Sterling Homes. Beautiful single family home. 9' ceilings on main and separate entrance. Large foyer and mudroom, both with a built-in bench. Mudroom also has a walk-in closet. Attached double car garage that has been extended 2 ft. Open floor plan with Luxury Vinyl plank flooring throughout the main floor. Kitchen cabinets are two toned with both painted and wood cabinets and custom pull handles, uppers extended to ceiling with custom shelving added and a custom wood hood fan. There is also a coffee station with a beverage cooler built in and extra upper cabinets with added open shelving that is accented by a stone wall, perfect for adding a TV. The kitchen also has a full height tiled backsplash, an island with flush eating ledge, built-in microwave and dishwasher, under-mount Silgranit sink. Pot and pendant lighting, large butler’s walk-thru pantry and quartz counter tops (throughout home). Great room with fireplace covered by manufactured stone surround from floor to ceiling, and nook that leads to deck, have large windows and sliding glass patio doors with transom windows above, main floor 5th bedroom attached to a full bath complete the main floor. The upper floor features a large bonus room with coffer ceiling, a 3 piece main bathroom, and laundry room. The master bedroom with coffered ceiling has a large walk-in closet, 5 piece master ensuite with ceramic tile flooring, double sinks, a walk-in shower with glass enclosure, large free standing soaker tub and a make-up desk. There are three more bedrooms to complete the upper floor. The 689 Sq. Ft. basement is developed with a large family room, media room, bedroom and 3 piece bathroom. Upgraded appliances, lighting & plumbing package, blinds & drapes, air conditioning, alarm system, built-in speakers and landscaping included.
Bonus Room
Upstairs Laundry
4th Bedroom
5th Bedroom
5-Piece Ensuite
Side Entrace
Railings
9 Foot Main Floor
9 Foot Basement
Side Windows
Previous Show Home
Landscaping
Finished Basement

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

Front Attached Garage Home

Garage Stalls

2+

Interior Rooms

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

Interior Features

3 Piece Ensuite: No
4 Piece Ensuite: No
5 Piece Ensuite: Yes
Side Entrance: Yes
Legal Suite: No
Finished Basement: Yes
Walkout Basement: No
Open to below: No
Condo Fees: No
Railings: Yes
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:No
Stand Up Shower:No

Lot Features

Lot Size: 436.09 m2
Lot Location:
Lot Shape:
Walkout: No
Zero Lot: No
Park View: No
Lake View: No
Lot Direction: East

Appliance

This home includes a $3,000 appliance allowance in the purchase price to be used at supplier designated by Sterling Homes. Depending on the stage of the home, buyers can upgrade to a pre-selected appliance package.

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.
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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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% Sold Prior to Drafting Complete
%
% Sold Prior to Stakeout Complete
%
% Sold Prior to Framing Complete
%
% Sold Prior to Home Completion
%
% Sold Prior to Drafting Complete
%
% Sold Prior to Stakeout Complete
%
% Sold Prior to Framing Complete
%
% Sold Prior to Home Completion

Market Analysis

This home is listed at:

$684,900

GREAT

GOOD

FAIR

ABOVE

This home is priced $46,637  BELOW AVERAGE MARKET VALUE. It is compared to homes currently listed on MLS based on a variety of factors including area of the city, square footage, year built and building type. The average price of comparable homes currently listed on MLS is $731,537.

Estimated construction completion date:June 2023

Build times can vary greatly, due to circumstances that we can’t always control. The estimated construction timelines are estimated, and consist of averages. Please be aware that timeline can change during the construction. Call 780-800-7594 in order to obtain the complete information on each property.

Commute Time

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Years
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Mortgage amount

$ 0

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.

Are Interest Rates Important?

When buyers ask if now is right time to buy to buy, one of the most compelling reason to buy a home now is the current rate of mortgage interest.

This makes it a fantastic time to start thinking about owning a property. Even if the overall price of a home is slightly higher, the amount you'll save in the interest over the lifetime of your mortgage will more than cover the difference.

Now

Example for illustrative purposes

$350,000

Interest rate: 2.5%

Monthly Payment: $1106

"If" Market Crashes

Example for illustrative purposes

$300,000

Interest rate: 4.5%

Monthly Payment: $1216

Numbers are based on 5% down payment and a 25-year amortization period.

At Sterling Homes, we are committed to energy efficient living. When compared to standard building codes, a Sterling home built to our standards will save you on your energy bills. Learn how we calculate energy savings.

Energy Cost Comparison
1 Year
5 Year
10 Year

Sterling Home

$ 0

Typical New Home

$0

COST SAVINGS FOR YEAR

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Please note that these prices can change without notice due to architectural controls, stage of construction, exterior elevation requirements, and unforeseen fluctuations in the cost of products, raw materials or labour. We carefully check pricing and product specifications, but occasionally errors can occur, so we reserve the right to change both without notice. Call 780-800-7594 in order to obtain the complete information on each property.

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