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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30319 Highway 2A
NONE Carstairs T0M 0N0

$3,999,000
Agri-Business 1,838 sq. ft. built: 1957

Main Photo: 30319 Highway 2A: Carstairs Agriculture for sale : MLS®# A2022116
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Photo 39: 30319 Highway 2A: Carstairs Agriculture for sale : MLS®# A2022116
Status:
Active
Prop. Type:
Agri-Business
MLS® Num:
A2022116
Year Built:
1957
Here is a active 103.41 acre FARM that is ANNEXED into the fast growing, TOWN OF CARSTAIRS. Utilize this Investment to LIVE/RENT until you create a vision to DEVELOP. Appreciate the 1837 sq ft, 4 Bedroom + Office + 2 Bathroom BUNGALOW HOME built in 1957. Outside you will appreciate the OUTBUILDINGS- 215 ft x 40 ft SHOP/MACHINE SHED, 100 ft x 30 ft BARN with a HOBBY/PARTY ROOM + an attached GREENHOUSE & a massive EQUIPMENT SHED. The land is CULTIVATED LAND + PASTURE as well as corrals infrastructure for animals. This is an ideal holding property that has options for revenue until it is time Develop. Imagine a great location for country living that is close to all amenities + is a GREAT INVESTMENT with potential for Big Capital Gains!
Property Type:
Agri-Business
Property Sub Type:
Agriculture
Transaction Type:
For Sale
Possession:
Possession Date:
Home Style:
Bungalow, Mobile
Major Use Description:
Grain, Pasture
Total Living Area:
1,837.81 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
103 acre(s)
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:
Reg. Size:
Reg. Size Includes:
Levels:
One
Year built:
1957 (Age: 67)
Bathrooms:
- (Full:-, Half:-)
Heating:
Fireplace(s), Forced Air
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Linoleum
Sewer:
Open Discharge, Septic Field, Septic Tank
Garage:
0
NONE
Dishwasher, Dryer, Electric Stove, Range Hood, Refrigerator, Washer, Water Conditioner
Vacuflow System, Storage Sheds, All Attached Metal Gates. Mobile Home- Refrigerator, Electric Stove & Dishwasher
Easement Registered On Title, Utility Right Of Way
Title to Land:
Fee Simple
Community Features:
Golf, Schools Nearby, Playground, Shopping Nearby
Lot Features:
Low Maintenance Landscape, Near Golf Course, Rectangular Lot
Num. of Parcels:
0
Outbuildings:
Shed, Barn, Bungalow, Greenhouse, Pole Barn, Quonset, Single Wide Mobile Home, Workshop
Nearest Town:
Carstairs
Region:
Mountain View County
Zoning:
Urban Reserve
Listed Date:
Jan 31, 2023
Days on Mkt:
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Listed by Quest Realty
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Diane Richardson
Cell: 403-397-3706