NEW CONSTRUCTION HOMES FOR SALE UNDER $300,000 IN CALGARY

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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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Lot #7 Fivestar
Rural Smoky River Rural Smoky River No. 130, M.D. of T0H 1M0

$165,000
Residential beds: 1 baths: 1.0 768 sq. ft. built: 1985

Main Photo: Lot #7 Fivestar in Rural Smoky River No. 130, M.D. of: Rural Smoky River Detached for sale : MLS®# A1173849
Photo 1: Lot #7 Fivestar in Rural Smoky River No. 130, M.D. of: Rural Smoky River Detached for sale : MLS®# A1173849
Photo 2: Lot #7 Fivestar in Rural Smoky River No. 130, M.D. of: Rural Smoky River Detached for sale : MLS®# A1173849
Photo 3: Lot #7 Fivestar in Rural Smoky River No. 130, M.D. of: Rural Smoky River Detached for sale : MLS®# A1173849
Photo 4: Lot #7 Fivestar in Rural Smoky River No. 130, M.D. of: Rural Smoky River Detached for sale : MLS®# A1173849
Photo 5: Lot #7 Fivestar in Rural Smoky River No. 130, M.D. of: Rural Smoky River Detached for sale : MLS®# A1173849
Photo 6: Lot #7 Fivestar in Rural Smoky River No. 130, M.D. of: Rural Smoky River Detached for sale : MLS®# A1173849
Photo 7: Lot #7 Fivestar in Rural Smoky River No. 130, M.D. of: Rural Smoky River Detached for sale : MLS®# A1173849
Photo 8: Lot #7 Fivestar in Rural Smoky River No. 130, M.D. of: Rural Smoky River Detached for sale : MLS®# A1173849
Photo 9: Lot #7 Fivestar in Rural Smoky River No. 130, M.D. of: Rural Smoky River Detached for sale : MLS®# A1173849
Photo 10: Lot #7 Fivestar in Rural Smoky River No. 130, M.D. of: Rural Smoky River Detached for sale : MLS®# A1173849
Photo 11: Lot #7 Fivestar in Rural Smoky River No. 130, M.D. of: Rural Smoky River Detached for sale : MLS®# A1173849
Photo 12: Lot #7 Fivestar in Rural Smoky River No. 130, M.D. of: Rural Smoky River Detached for sale : MLS®# A1173849
Photo 13: Lot #7 Fivestar in Rural Smoky River No. 130, M.D. of: Rural Smoky River Detached for sale : MLS®# A1173849
Photo 14: Lot #7 Fivestar in Rural Smoky River No. 130, M.D. of: Rural Smoky River Detached for sale : MLS®# A1173849
Photo 15: Lot #7 Fivestar in Rural Smoky River No. 130, M.D. of: Rural Smoky River Detached for sale : MLS®# A1173849
Photo 16: Lot #7 Fivestar in Rural Smoky River No. 130, M.D. of: Rural Smoky River Detached for sale : MLS®# A1173849
Photo 17: Lot #7 Fivestar in Rural Smoky River No. 130, M.D. of: Rural Smoky River Detached for sale : MLS®# A1173849
Photo 18: Lot #7 Fivestar in Rural Smoky River No. 130, M.D. of: Rural Smoky River Detached for sale : MLS®# A1173849
Photo 19: Lot #7 Fivestar in Rural Smoky River No. 130, M.D. of: Rural Smoky River Detached for sale : MLS®# A1173849
Photo 20: Lot #7 Fivestar in Rural Smoky River No. 130, M.D. of: Rural Smoky River Detached for sale : MLS®# A1173849
Photo 21: Lot #7 Fivestar in Rural Smoky River No. 130, M.D. of: Rural Smoky River Detached for sale : MLS®# A1173849
Photo 22: Lot #7 Fivestar in Rural Smoky River No. 130, M.D. of: Rural Smoky River Detached for sale : MLS®# A1173849
Photo 23: Lot #7 Fivestar in Rural Smoky River No. 130, M.D. of: Rural Smoky River Detached for sale : MLS®# A1173849
Photo 24: Lot #7 Fivestar in Rural Smoky River No. 130, M.D. of: Rural Smoky River Detached for sale : MLS®# A1173849
Photo 25: Lot #7 Fivestar in Rural Smoky River No. 130, M.D. of: Rural Smoky River Detached for sale : MLS®# A1173849
Photo 26: Lot #7 Fivestar in Rural Smoky River No. 130, M.D. of: Rural Smoky River Detached for sale : MLS®# A1173849
Photo 27: Lot #7 Fivestar in Rural Smoky River No. 130, M.D. of: Rural Smoky River Detached for sale : MLS®# A1173849
Photo 28: Lot #7 Fivestar in Rural Smoky River No. 130, M.D. of: Rural Smoky River Detached for sale : MLS®# A1173849
Photo 29: Lot #7 Fivestar in Rural Smoky River No. 130, M.D. of: Rural Smoky River Detached for sale : MLS®# A1173849
Photo 30: Lot #7 Fivestar in Rural Smoky River No. 130, M.D. of: Rural Smoky River Detached for sale : MLS®# A1173849
Photo 31: Lot #7 Fivestar in Rural Smoky River No. 130, M.D. of: Rural Smoky River Detached for sale : MLS®# A1173849
Status:
Active
Prop. Type:
Residential
MLS® Num:
A1173849
Bedrooms:
1
Bathrooms:
1
Year Built:
1985
Looking to move out of the City & Embrace Country Living?! Take a look at this Beautiful Property! Nestled beautifully in the picturesque river valley along the Little Smoky River. Surrounded by mature trees & landscaped fairways. The bungalow on the property features an open concept floor plan with the living room flowing into the kitchen area! The kitchen offers an abundance of cabinet space & ample counter space! Enjoy the wood-burning stove, perfect to cozy up to in the winter! All outbuildings on this property are well maintained & offer a great amount of storage space! Including the large shed with workshop & roll-up door for Golf Cart or ATV storage. There is also a woodshed & outdoor kitchen for entertaining in the summer! This property is a golfer's paradise. The 5 Star Golf Course is within walking distance from your home. It is a par 32, 9 hole gem, with beautifully landscaped fairways, immaculate greens, and challenging bunkers. You have to see this property to fully appreciate it! Take a look today!!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bungalow
Total Living Area:
768 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,000 sq. ft.
Lot Frontage:
0'
Lot Details:
Leased lot, see rope for boundaries, not titled, no specific measurements, lot size is estimated
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:
South
Reg. Size:
Reg. Size Includes:
Levels:
One
Total Rooms Above Grade:
1
Year built:
1985 (Age: 39)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Heating:
Forced Air, Propane, Wood, Wood Stove
Basement:
None
Foundation:
Piling(s)
New Constr.:
No
Construction Material:
Vinyl Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Laminate, Linoleum
Cooling:
None
Fireplaces:
1
Fireplace Details:
Dining Room, Wood Burning
Water Supply:
Cistern
Sewer:
Septic Tank
Garage:
0
Parking:
Gravel Driveway, Parking Pad
Parking Places:
6.0
Parking Total/Covered:
6 / -
Laundry Features:
None
NONE
Microwave, Refrigerator, Stove(s)
n/a
Park Approval
Floor
Type
Size
Other
Main Floor
Bedroom - Primary
15'5" × 11'3"
Floor
Ensuite
Pieces
Other
Main Floor
No
3
6' x 7'
Community Features:
Clubhouse, Gated, Golf, Park, Playground
Interior Features:
Ceiling Fan(s), Open Floorplan
Exterior Features:
Outdoor Kitchen
Patio And Porch Features:
Patio
Lot Features:
Few Trees
Num. of Parcels:
0
Fencing:
None
Nearest Town:
Guy
Region:
Smoky River No. 130, M.D. of
Zoning:
ESL
Listed Date:
Jan 21, 2022
Days on Mkt:
  • Photo 1: Lot #7 Fivestar in Rural Smoky River No. 130, M.D. of: Rural Smoky River Detached for sale : MLS®# A1173849
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Virtual Tour

Listed by Sutton Group Grande Prairie Professionals
Data was last updated November 13, 2024 at 02:05 AM (UTC)
Area Statistics
Listings on market:
12
Avg list price:
$334,500
Min list price:
$130,000
Max list price:
$639,000
Avg days on market:
103
Min days on market:
8
Max days on market:
1,026
Avg price per sq.ft.:
$222.55
These statistics are generated based on the current listing's property type and located in Rural Smoky River. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706