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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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48 Ranchers View
Air Ranch Okotoks T1S 5R6

$699,999
Residential beds: 4 baths: 3.0 2,012 sq. ft. built: 2023

Front of House
Photo 1: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
Photo 2: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
Photo 3: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
Photo 4: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
Photo 5: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
Photo 6: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
Photo 7: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
Photo 8: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
Photo 9: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
Photo 10: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
Photo 11: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
Photo 12: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
Photo 13: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
Photo 14: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
Photo 15: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
Photo 16: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
Photo 17: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
Photo 18: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
Photo 19: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
Photo 20: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
Photo 21: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
Photo 22: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
Photo 23: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
Photo 24: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
Photo 25: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
Photo 26: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
Photo 27: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
Photo 28: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
Photo 29: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
Photo 30: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
Photo 31: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
Photo 32: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
Photo 33: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2162952
Bedrooms:
4
Bathrooms:
3
Year Built:
2023
Welcome to 48 Ranchers View, where your dream home built in 2023 is waiting for you! This four-bedroom, 2.5-bathroom gem is nestled in the heart of the friendly and well-established Ranchers Rise neighborhood within the Air Ranch community. The open floor plan effortlessly connects the living room, dining area, and modern kitchen—perfect for hosting everything from cozy family dinners to epic game nights. The kitchen features sleek quartz countertops, stainless steel appliances, ample cabinetry, and a walk-in pantry for all your gourmet goodies. The sliding door from your dining area leads you to an elevated deck overlooking your lush green backyard, the ideal spot to soak up the peaceful morning sun or unwind during glamorous afternoons. On your main floor, you'll also find the 4th bedroom or a perfect office space, conveniently located next to a half-bathroom. Venture upstairs to discover your personal retreat—the tranquil master suite. It’s got a walk-in closet, and a spacious 5-piece en-suite bathroom with a double vanity and a tub-and-shower combo. You'll find two additional well-sized bedrooms that share a 4-piece bathroom. And let’s not forget the bonus room or your secondary living room—perfect for movie marathons—and the laundry facilities conveniently located on this level. The basement with a side door entrance is your blank canvas. Whether it’s a future income-generating suite (subject to the approval and permitting of the Municipality or City) or the ultimate game room, the possibilities are endless. Situated close to schools, shopping centers, and parks, this Okotoks home offers the perfect blend of comfort, convenience, and a dash of excitement. With its thoughtful layout and modern amenities, this house isn’t just a place to live—it’s a place to love.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey
Total Living Area:
2,012 sq. ft.
Main Level Finished Area:
864 sq. ft.
Upper Level Finished Area:
1,148 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
4,666 sq. ft.
Lot Frontage:
36'1"
Lot Details:
129.297ft x 36.089ft
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:
West
Reg. Size:
Reg. Size Includes:
Unit Exposure:
West
Levels:
Two
End Unit:
No Common Walls
Total Rooms Above Grade:
9
Year built:
2023 (Age: 1)
Bedrooms:
4 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
2211264
Heating:
High Efficiency, Fireplace(s), Forced Air, Hot Water, Natural Gas
Basement:
Separate/Exterior Entry, Full, Unfinished
Foundation:
Poured Concrete
Builder:
Akash Homes
New Constr.:
No
Construction Material:
Stone, Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Laminate, Vinyl Plank
Cooling:
None
Fireplaces:
1
Fireplace Details:
Blower Fan, Electric, Living Room
Garage:
1
Garage Spaces:
2
Parking:
Additional Parking, Concrete Driveway, Double Garage Attached, Front Drive, Garage Door Opener, Parking Pad
Parking Covered:
2.0
Parking Places:
4.0
Parking Total/Covered:
4 / 2
Laundry Features:
Laundry Room, Upper Level
Air Ranch
Convection Oven, Electric Water Heater, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Washer, Garage Control(s), Gas Stove, Microwave, Range Hood, Window Coverings
Samsung kitchen and laundry appliances are included.
Architectural Guidelines, Easement Registered On Title, Restrictive Covenant, Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Foyer
6' × 6'
Main Floor
Kitchen
11'8" × 11'6"
Main Floor
Pantry
4'1" × 4'1"
Main Floor
Dining Room
12'2" × 9'9"
Main Floor
Living Room
13'4" × 12'7"
Main Floor
Bedroom
9'10" × 8'5"
Main Floor
Balcony
11' × 9'8"
2nd Floor
Bonus Room
13'9" × 12'7"
2nd Floor
Laundry
6'3" × 2'11"
2nd Floor
Bedroom - Primary
18'4" × 12'9"
2nd Floor
Bedroom
11'11" × 9'4"
2nd Floor
Bedroom
11'11" × 9'11"
2nd Floor
Walk-In Closet
8'10" × 7'
2nd Floor
Walk-In Closet
6'3" × 4'11"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'11" x 4'9"
2nd Floor
Yes
5
5'9" x 13'4"
2nd Floor
No
4
4'11" x 8'4"
Title to Land:
Fee Simple
Community Features:
Airport/Runway, Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Bathroom Rough-in, Double Vanity, Kitchen Island, No Smoking Home, Open Floorplan, Pantry, Quartz Counters, Separate Entrance, Sump Pump(s), Walk-In Closet(s), Recessed Lighting
Exterior Features:
Garden
Patio And Porch Features:
Deck
Lot Features:
Back Yard, Front Yard, Low Maintenance Landscape, Landscaped
Num. of Parcels:
0
Fencing:
None
Region:
Foothills County
Zoning:
TN
Listed Date:
Sep 27, 2024
Days on Mkt:
  • Photo 1: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
    Front of House
  • Photo 2: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
    Front of House
  • Photo 3: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
    Front Door
  • Photo 4: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
    Foyer
  • Photo 5: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
    Foyer
  • Photo 6: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
    Main Level
  • Photo 7: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
    Kitchen
  • Photo 8: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
    Kitchen
  • Photo 9: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
    Kitchen
  • Photo 10: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
    Kitchen/Dining
  • Photo 11: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
    Dining
  • Photo 12: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
    Dining
  • Photo 13: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
    Living Room
  • Photo 14: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
    Bedroom 4 (Main Level)
  • Photo 15: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
    Powder Room
  • Photo 16: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
    Upper Level Hallway
  • Photo 17: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
    Bonus Room
  • Photo 18: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
    Bedroom 3 (Upper Level)
  • Photo 19: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
    Bedroom 2 (Upper Level)
  • Photo 20: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
    Bathroom (Upper Level)
  • Photo 21: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
    Laundry Room
  • Photo 22: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
    Master Bedroom
  • Photo 23: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
    Master Bedroom
  • Photo 24: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
    Master Bedroom
  • Photo 25: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
    Master Bedroom Walk-in Closet
  • Photo 26: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
    Master Ensuite
  • Photo 27: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
    Basement
  • Photo 28: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
    Deck
  • Photo 29: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
    Deck
  • Photo 30: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
    Backyard
  • Photo 31: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
    Backyard
  • Photo 32: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
    Backyard
  • Photo 33: 48 Ranchers View: Okotoks Detached for sale : MLS®# A2162952
    Side Door Entrance

Virtual Tour

Listed by Real Broker
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
93
Avg list price:
$650,000
Min list price:
$215,000
Max list price:
$3,995,000
Avg days on market:
34
Min days on market:
1
Max days on market:
254
Avg price per sq.ft.:
$383.53
These statistics are generated based on the current listing's property type and located in Okotoks. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706