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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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123 Saddlebred Link
Heartland Cochrane T4C 3B6

$895,000
Residential beds: 6 baths: 5.0 2,709 sq. ft. built: 2022

Main Photo: 123 Saddlebred Link: Cochrane Detached for sale : MLS®# A2178138
Photo 1: 123 Saddlebred Link: Cochrane Detached for sale : MLS®# A2178138
Photo 2: 123 Saddlebred Link: Cochrane Detached for sale : MLS®# A2178138
Photo 3: 123 Saddlebred Link: Cochrane Detached for sale : MLS®# A2178138
Photo 4: 123 Saddlebred Link: Cochrane Detached for sale : MLS®# A2178138
Photo 5: 123 Saddlebred Link: Cochrane Detached for sale : MLS®# A2178138
Photo 6: 123 Saddlebred Link: Cochrane Detached for sale : MLS®# A2178138
Photo 7: 123 Saddlebred Link: Cochrane Detached for sale : MLS®# A2178138
Photo 8: 123 Saddlebred Link: Cochrane Detached for sale : MLS®# A2178138
Photo 9: 123 Saddlebred Link: Cochrane Detached for sale : MLS®# A2178138
Photo 10: 123 Saddlebred Link: Cochrane Detached for sale : MLS®# A2178138
Photo 11: 123 Saddlebred Link: Cochrane Detached for sale : MLS®# A2178138
Photo 12: 123 Saddlebred Link: Cochrane Detached for sale : MLS®# A2178138
Photo 13: 123 Saddlebred Link: Cochrane Detached for sale : MLS®# A2178138
Photo 14: 123 Saddlebred Link: Cochrane Detached for sale : MLS®# A2178138
Photo 15: 123 Saddlebred Link: Cochrane Detached for sale : MLS®# A2178138
Photo 16: 123 Saddlebred Link: Cochrane Detached for sale : MLS®# A2178138
Photo 17: 123 Saddlebred Link: Cochrane Detached for sale : MLS®# A2178138
Photo 18: 123 Saddlebred Link: Cochrane Detached for sale : MLS®# A2178138
Photo 19: 123 Saddlebred Link: Cochrane Detached for sale : MLS®# A2178138
Photo 20: 123 Saddlebred Link: Cochrane Detached for sale : MLS®# A2178138
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2178138
Bedrooms:
6
Bathrooms:
5
Year Built:
2022
Welcome to Heartland, an established sought-after community in Cochrane where pride of home ownership is evident in this family oriented community. One lucky family will have an opportunity to call this executive, 6 bedroom, 4.5 bathroom move-in-ready residence their forever home. As you drive up to this family residence featuring over 3368 sf of developed living space over 4 levels, you will immediately notice the elegant curb appeal. Walk through the front doors and be in awe of the open concept design, upgraded finishes and woodwork of this remarkable home. The phenomenal open concept main floor is designed for entertaining. The grand living room is perfect for entertaining and formal get-togethers. The kitchen features gleaming stone counters, and an abundance of cabinetry ensures there's a place for everything. Your inner chef will rejoice with stainless steel appliances and an oversized island. The main floor features A FULLY equipped SPICE KITCHEN with gas stove, a cleverly designed culinary haven that serves as an aromatic buffer while you cook up wonderfully flavorful dishes. A large casual eating area just off the kitchen is perfect for family breakfast time and nightly dinners. Access the spacious backyard off the eating area, perfect for kids to enjoy the outdoor space while keeping an eye on them. The main floor is finished with a convenient 2-piece bath and a bright and spacious work from home office space/formal dining room. Enjoy family movie and game nights in the spacious upper floor bonus room. The large master retreat features plenty of space for king size bed and seating area with a large walk in closet with built-in shelving. The master bedroom features an opulent en-suite with soaker tub perfect for evening relaxation baths. Two additional spacious bedrooms, and the main bath round out the second floor. Continue to the unique third floor featuring a separate living room, 3-piece bathroom and spacious 1 bedroom with spectacular view of the Rocky Mountains, the perfect space for extended family or a nanny. The Basement includes a SEPARATE ENTRANCE, 2 spacious bedrooms, a 3 piece bathroom and living room. If you're looking for a truly special home for your family with a boutique feeling, this is the one! Homes of this caliber don't come to market often. This lovely home is in an incredible, convenient location just a short drive into the community which offers an abundance of green space, schools and shopping. This community features plenty of parks and walking paths perfect for those who enjoy taking their dogs out for daily walks and morning runs. Call your favorite agent right away and book your showing as this home is truly one to be desired.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Illegal
Home Style:
3 Storey
Total Living Area:
2,708.6 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
3,728 sq. ft.
Lot Frontage:
30'11"
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:
Levels:
2 and Half Storey
Total Rooms Above Grade:
8
Year built:
2022 (Age: 2)
Bedrooms:
6 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
2
Bathrooms:
5.0 (Full:4, Half:1)
Plan:
2210392
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
Yes
Construction Material:
Concrete
Structure Type:
House
Roof:
Shingle
Ensuite:
Yes
Flooring:
Laminate
Cooling:
None
Fireplaces:
1
Fireplace Details:
Electric
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Upper Level
Heartland
Dishwasher, Microwave, Refrigerator, Washer/Dryer
N/A
None Known
Floor
Type
Size
Other
Main Floor
Living Room
22'11" × 12'2"
Main Floor
Mud Room
3'4" × 3'1"
Main Floor
Kitchen With Eating Area
14'2" × 11'11"
Main Floor
Pantry
2'9" × 2'3"
Main Floor
Spice Kitchen
5'8" × 5'5"
Main Floor
Dining Room
11'6" × 8'6"
Main Floor
Entrance
8'5" × 8'4"
2nd Floor
Media Room
14'6" × 13'3"
2nd Floor
Bedroom - Primary
12'10" × 12'
2nd Floor
Walk-In Closet
6'11" × 6'9"
2nd Floor
Laundry
7'9" × 5'3"
2nd Floor
Bedroom
13'6" × 12'10"
2nd Floor
Walk-In Closet
5'8" × 4'8"
2nd Floor
Bedroom
11'7" × 11'7"
2nd Floor
Walk-In Closet
5'8" × 4'7"
3rd Floor
Bedroom
13' × 12'9"
3rd Floor
Flex Space
14'3" × 12'2"
Basement
Storage
17'1" × 8'10"
Basement
Bedroom
11'4" × 10'3"
Basement
Family Room
19'11" × 11'4"
Basement
Bedroom
10'1" × 9'9"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'11" x 4'7"
2nd Floor
Yes
5
8'9" x 10'7"
2nd Floor
No
4
4'7" x 11'6"
3rd Floor
No
3
8'3" x 4'11"
Basement
No
3
7'10" x 4'11"
Title to Land:
Fee Simple
Community Features:
Park, Playground
Interior Features:
Kitchen Island
Exterior Features:
Lighting, Other
Patio And Porch Features:
Other
Lot Features:
Back Yard, Other
Num. of Parcels:
0
Fencing:
None
Region:
Rocky View County
Zoning:
R-LD
Listed Date:
Nov 11, 2024
Days on Mkt:
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Virtual Tour

Listed by Power Properties
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
188
Avg list price:
$659,900
Min list price:
$249,900
Max list price:
$1,375,000
Avg days on market:
34
Min days on market:
1
Max days on market:
399
Avg price per sq.ft.:
$370.65
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