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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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2206 Jumping Pound Common
Jumping Pound Ridge Cochrane T4C 2L1

$445,000
Residential beds: 3 baths: 3.0 1,508 sq. ft. built: 2017

Main Photo: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
Photo 1: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
Photo 2: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
Photo 3: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
Photo 4: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
Photo 5: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
Photo 6: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
Photo 7: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
Photo 8: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
Photo 9: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
Photo 10: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
Photo 11: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
Photo 12: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
Photo 13: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
Photo 14: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
Photo 15: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
Photo 16: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
Photo 17: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
Photo 18: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
Photo 19: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
Photo 20: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
Photo 21: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
Photo 22: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
Photo 23: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
Photo 24: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
Photo 25: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
Photo 26: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
Photo 27: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2175798
Bedrooms:
3
Bathrooms:
3
Year Built:
2017
Welcome to Jumping Pound Common, a charming family oriented neighbourhood in the heart of Jumping Pound Nature Reserve and Jumping Pound Creek. Upon entering, you are greeted by a bright foyer that flows into a versatile den or office space, large closet and is complemented by a convenient half bath and a spacious attached garage. The upper level features soaring 9-foot ceilings and large windows that fill the home with natural light. The kitchen boasts gleaming quartz countertops, floor-to-ceiling cabinetry, and stainless steel appliances, making it ideal for gatherings in the generous dining area. The south-facing living room offers stunning views. Upstairs you will find two well-sized bedrooms share a 4-piece bath and conveniently located upper level laundry. The primary suite is a true retreat, overlooking picturesque rolling hills, complete with 2 closets and a luxurious 4-piece ensuite. Ideally located near scenic walking pathways, this home perfectly blends comfort and outdoor adventure. Book a showing today!
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
3 Storey
Total Living Area:
1,507.6 sq. ft.
Main Level Finished Area:
597.4 sq. ft.
Upper Level Finished Area:
621.7 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$256.48
Condo Fee Includes:
Common Area Maintenance, Insurance, Maintenance Grounds, Parking, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, Trash
HOA Fee Includes:
Lot Area:
1,636 sq. ft.
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:
Southwest
Reg. Size:
Reg. Size Includes:
Entry Level:
1
Levels:
Three Or More
End Unit:
End Unit
Total Rooms Above Grade:
7
Year built:
2017 (Age: 7)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
1810342
Heating:
Forced Air, Natural Gas
Basement:
None
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stone, Vinyl Siding, Wood Frame
Structure Type:
Five Plus
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Laminate
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
1
Parking:
Single Garage Attached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Upper Level
Condo Fee Frequency:
Monthly
Z-name Not Listed
Jumping Pound Ridge
Park, Parking, Visitor Parking
Dishwasher, Electric Stove, Microwave, Refrigerator, Washer/Dryer
dishwasher, dryer, electric stove, microwave, refrigerator, washer
Pet Restrictions or Board approval Required
Restrictions
Floor
Type
Size
Other
Main Floor
Den
31'2" × 29'2"
2nd Floor
Living Room
52'10" × 46'3"
2nd Floor
Dining Room
41' × 29'10"
2nd Floor
Kitchen
46'3" × 33'6"
3rd Floor
Bedroom
32'10" × 28'6"
3rd Floor
Bedroom
31'2" × 28'3"
3rd Floor
Bedroom - Primary
38'9" × 38'1"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
18'4" x 16'9"
3rd Floor
No
4
13'6" x 26'7"
3rd Floor
Yes
4
18'4" x 24'7"
Title to Land:
Fee Simple
Community Features:
Park, Shopping Nearby, Sidewalks, Walking/Bike Paths
Interior Features:
High Ceilings, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan
Exterior Features:
Courtyard, Playground, Private Yard
Patio And Porch Features:
Balcony(s)
Lot Features:
Cul-De-Sac, Front Yard, Landscaped
Num. of Parcels:
0
Fencing:
Fenced
Region:
Rocky View County
Zoning:
R-MD
Listed Date:
Nov 04, 2024
Days on Mkt:
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  • Photo 14: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
    Den on main level
  • Photo 15: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
    1/2 bath
  • Photo 16: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
    Spacious primary bedroom
  • Photo 17: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
    Primary suite
  • Photo 18: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
    4 pc ensuite
  • Photo 19: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
    2nd bedroom
  • Photo 20: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
    3rd bedroom
  • Photo 21: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
    4pc bathroom
  • Photo 22: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
    front door and den
  • Photo 23: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
    Views to the west of Jumping Pound Common
  • Photo 24: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
    Playground
  • Photo 25: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
    Walking paths
  • Photo 26: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
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  • Photo 27: 2206 Jumping Pound Common: Cochrane Row/Townhouse for sale : MLS®# A2175798
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Listed by CIR Realty
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