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How Much You Can Afford When Applying For A Mortgage

In Canada, the minimum down payment requirements can impact how much you can afford when applying for a mortgage. These rules dictate that the minimum down payment must be:

  • 5% of the purchase price for homes up to $500,000
  • 10% of the purchase price for any amount between $500,000 and $1 million
  • 20% of the purchase price for homes over $1 million.

For example, if you have saved $15,000 for a down payment, the maximum home price you can afford would be $300,000 ($15,000 divided by 5%). However, if your down payment was $30,000, your maximum affordability would increase to $550,000. You can use our mortgage affordability calculator to run the numbers yourself and determine what price range would be suitable for your budget. However, some lenders may require a higher down payment depending on your credit score, employment history, and other factors. It's important to speak with a mortgage lender (I can help with this)to get a more accurate estimate of your down payment requirements.(Loanscanada.ca)

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When contacting me, please ensure to include the property address or MLS® number for the listing you are interested in. I look forward to hearing from you!

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33 Fireside Landing
Fireside Cochrane T4C 0V9

$619,900
Residential beds: 3 baths: 3.0 1,425 sq. ft. built: 2013

Kitchen
Photo 1: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
Photo 2: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
Photo 3: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
Photo 4: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
Photo 5: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
Photo 6: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
Photo 7: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
Photo 8: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
Photo 9: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
Photo 10: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
Photo 11: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
Photo 12: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
Photo 13: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
Photo 14: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
Photo 15: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
Photo 16: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
Photo 17: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
Photo 18: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
Photo 19: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
Photo 20: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
Photo 21: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
Photo 22: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
Photo 23: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
Photo 24: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2172971
Bedrooms:
3
Bathrooms:
3
Year Built:
2013
Clearly, this is Cochrane's best condo FOR SALE right now. It's an ABSOLUTE BEAUTY at Clearbrook up in FIreside... If you’ve been searching for a most distinctive home with a reduced maintenance lifestyle, then without question, this is it. Welcome to this incredibly beautiful, villa-style home in Cochrane's favorite neighborhood, Fireside. Here, at Clearwater, you’ll find this large bungalow style home baosting so many hard-to-find features. You can't help but love the gorgeous open architecture, a luxurious kitchen with stainless appliances, huge island, butler style pantry, and dramatic lighting. The main floor features bedroom, den, laundry and bathroom. The main bedroom is very generous and includes huge walk in closet and gorgeous ensuite bath complete with heated floors. Downstairs is completely finished with huge family room, 2 oversized bedrooms, and a 4 pc bathroom. There’s a wet bar and very generous utility room. The location is super quiet, we’re backing on to the green side of the complex, not the road. A new privacy fence on the back patio was recently installed. New gas fireplace in the last 2 years and a double garage round out this FANTASTIC home in Fireside at Cochrane.
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Bare Land
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bungalow, Side by Side
Total Living Area:
1,425 sq. ft.
Main Level Finished Area:
1,425 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
987 sq. ft.
Taxes:
Tax Assessed Value:
Condo Fee:
$475.00
Condo Fee Includes:
Common Area Maintenance, Professional Management, Reserve Fund Contributions, Residential Manager, Snow Removal, Trash
HOA Fee Frequency:
Annually
HOA Fee Includes:
Lot Area:
4,111 sq. ft.
Lot Frontage:
42'9"
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Acres Not Cultivated:
Acres Freehold:
Acres Seeded:
Acres Tame Hay:
Acres Treed:
Acres Waste:
Acres Water Rights:
Front Exposure:
East
Reg. Size:
Reg. Size Includes:
Unit Exposure:
East
Entry Level:
1
Stories Total:
1
Levels:
One
End Unit:
1 Common Wall, End Unit, No One Above
Total Rooms Above Grade:
5
Year built:
2013 (Age: 11)
Bedrooms:
3 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
2
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
1313066
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
Other
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Laminate
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas, Glass Doors, Living Room
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached, Garage Faces Front
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Main Level
HOA Fee:
$52.50
Condo Fee Frequency:
Monthly
Z-name Not Listed
Fireside
Parking, Playground, Visitor Parking
Dishwasher, Garage Control(s), Gas Stove, Microwave, Washer/Dryer, Water Softener, Window Coverings
None
Condo/Strata Approval
Restrictions
Floor
Type
Size
Other
Main Floor
Office
11' × 10'3"
Main Floor
Mud Room
7' × 4'5"
Main Floor
Laundry
6'8" × 5'11"
Main Floor
Kitchen With Eating Area
13'7" × 12'7"
Main Floor
Dining Room
16' × 6'10"
Main Floor
Living Room
16' × 6'10"
Main Floor
Bedroom - Primary
13'6" × 13'5"
Lower Level
Family Room
25'3" × 14'
Lower Level
Other
12'5" × 7'6"
Lower Level
Bedroom
13' × 11'9"
Lower Level
Bedroom
11'4" × 9'7"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'11" x 5'8"
Main Floor
Yes
5
11'3" x 9'10"
Lower Level
No
4
9'2" x 5'11"
Title to Land:
Fee Simple
Community Features:
Playground
Interior Features:
Breakfast Bar, Double Vanity, Granite Counters, Kitchen Island, Laminate Counters, No Animal Home, No Smoking Home, Open Floorplan, Pantry, Recessed Lighting, Wet Bar
Exterior Features:
None
Patio And Porch Features:
Patio
Lot Features:
Back Yard, Cul-De-Sac, Few Trees, Flag Lot, Front Yard, Lawn, Low Maintenance Landscape, Rectangular Lot
Num. of Parcels:
0
Fencing:
None
Region:
Rocky View County
Zoning:
R-MX
Listed Date:
Oct 15, 2024
Days on Mkt:
  • Photo 1: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
    Kitchen
  • Photo 2: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
    KItchen Island
  • Photo 3: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
    Kitchen
  • Photo 4: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
    Front Verandah
  • Photo 5: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
    Entrance
  • Photo 6: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
    Kitchen
  • Photo 7: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
    Dining
  • Photo 8: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
    Kitchen
  • Photo 9: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
    Living Room
  • Photo 10: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
    Living Room
  • Photo 11: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
    Living Room, Fireplace
  • Photo 12: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
    Back Patio w/ privacy fence
  • Photo 13: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
    Back Patio
  • Photo 14: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
    Main Bedroom
  • Photo 15: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
    Den
  • Photo 16: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
    Den
  • Photo 17: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
    Bedroom 2
  • Photo 18: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
    Bedroom 2
  • Photo 19: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
    Bedroom 3
  • Photo 20: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
    Bedroom 3
  • Photo 21: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
    Bathroom
  • Photo 22: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
    Garage
  • Photo 23: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
    Back elevation
  • Photo 24: 33 Fireside Landing: Cochrane Row/Townhouse for sale : MLS®# A2172971
    Building Front
Listed by Real Estate Professionals Inc.
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
188
Avg list price:
$661,950
Min list price:
$249,900
Max list price:
$1,375,000
Avg days on market:
33
Min days on market:
1
Max days on market:
398
Avg price per sq.ft.:
$370.99
These statistics are generated based on the current listing's property type and located in Cochrane. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706