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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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5402 46 Avenue W
Forestburg Forestburg T0B 1N0

$38,000
Residential beds: 3 baths: 1.0 912 sq. ft. built: 1975

Main Photo: 5402 46 Avenue W: Forestburg Detached for sale : MLS®# A2098457
Photo 1: 5402 46 Avenue W: Forestburg Detached for sale : MLS®# A2098457
Photo 2: 5402 46 Avenue W: Forestburg Detached for sale : MLS®# A2098457
Photo 3: 5402 46 Avenue W: Forestburg Detached for sale : MLS®# A2098457
Photo 4: 5402 46 Avenue W: Forestburg Detached for sale : MLS®# A2098457
Photo 5: 5402 46 Avenue W: Forestburg Detached for sale : MLS®# A2098457
Photo 6: 5402 46 Avenue W: Forestburg Detached for sale : MLS®# A2098457
Photo 7: 5402 46 Avenue W: Forestburg Detached for sale : MLS®# A2098457
Photo 8: 5402 46 Avenue W: Forestburg Detached for sale : MLS®# A2098457
Photo 9: 5402 46 Avenue W: Forestburg Detached for sale : MLS®# A2098457
Photo 10: 5402 46 Avenue W: Forestburg Detached for sale : MLS®# A2098457
Photo 11: 5402 46 Avenue W: Forestburg Detached for sale : MLS®# A2098457
Photo 12: 5402 46 Avenue W: Forestburg Detached for sale : MLS®# A2098457
Photo 13: 5402 46 Avenue W: Forestburg Detached for sale : MLS®# A2098457
Photo 14: 5402 46 Avenue W: Forestburg Detached for sale : MLS®# A2098457
Photo 15: 5402 46 Avenue W: Forestburg Detached for sale : MLS®# A2098457
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2098457
Bedrooms:
3
Bathrooms:
1
Year Built:
1975
If you are looking for a fixer upper look no further - Welcome to 5402 46 Avenue W located in Forestburg. This double wide mobile home offers 3 bedrooms, 4-piece bathroom with laundry hookups, spacious kitchen and living room with lots of natural light coming through the windows. Within close proximity to the downtown shops, restaurants, golf course and public swimming pool. Immediate possession available.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Mobile
Total Living Area:
912 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
6,327 sq. ft.
Lot Frontage:
57'
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:
North
Reg. Size:
Reg. Size Includes:
Levels:
One
Total Rooms Above Grade:
5
Year built:
1975 (Age: 49)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
3811TR
Heating:
Forced Air, Natural Gas
Basement:
None
Foundation:
Piling(s)
New Constr.:
No
Construction Material:
Metal Siding, Other
Structure Type:
Manufactured House
Roof:
Metal
Ensuite:
No
Flooring:
See Remarks, Vinyl
Cooling:
None
Fireplaces:
0
Garage:
0
Garage Spaces:
1
Parking:
Stall
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Bathroom, See Remarks
Forestburg
Electric Stove, Refrigerator, Window Coverings
N/A
None Known
Floor
Type
Size
Other
Main Floor
Bedroom - Primary
12'5" × 11'5"
Main Floor
Bedroom
11'5" × 10'6"
Main Floor
Bedroom
9'9" × 8'7"
Main Floor
Living Room
16'5" × 11'5"
Main Floor
Kitchen
15'6" × 11'5"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
Title to Land:
Fee Simple
Community Features:
Golf, Pool, Schools Nearby, Shopping Nearby
Interior Features:
See Remarks
Exterior Features:
None
Patio And Porch Features:
None
Lot Features:
Back Lane, Few Trees
Num. of Parcels:
0
Fencing:
None
Region:
Flagstaff County
Zoning:
R2
Listed Date:
Dec 28, 2023
Days on Mkt:
  • Photo 1: 5402 46 Avenue W: Forestburg Detached for sale : MLS®# A2098457
    Photo 1 of 15
  • Photo 2: 5402 46 Avenue W: Forestburg Detached for sale : MLS®# A2098457
    Photo 2 of 15
  • Photo 3: 5402 46 Avenue W: Forestburg Detached for sale : MLS®# A2098457
    Photo 3 of 15
  • Photo 4: 5402 46 Avenue W: Forestburg Detached for sale : MLS®# A2098457
    Kitchen
  • Photo 5: 5402 46 Avenue W: Forestburg Detached for sale : MLS®# A2098457
    Living room
  • Photo 6: 5402 46 Avenue W: Forestburg Detached for sale : MLS®# A2098457
    Living room
  • Photo 7: 5402 46 Avenue W: Forestburg Detached for sale : MLS®# A2098457
    Hallway view from Kitchen
  • Photo 8: 5402 46 Avenue W: Forestburg Detached for sale : MLS®# A2098457
    Bathroom
  • Photo 9: 5402 46 Avenue W: Forestburg Detached for sale : MLS®# A2098457
    4 piece bathroom with laundry hookup
  • Photo 10: 5402 46 Avenue W: Forestburg Detached for sale : MLS®# A2098457
    Primary bedroom
  • Photo 11: 5402 46 Avenue W: Forestburg Detached for sale : MLS®# A2098457
    Hallway view from Primary bedroom
  • Photo 12: 5402 46 Avenue W: Forestburg Detached for sale : MLS®# A2098457
    Bedroom
  • Photo 13: 5402 46 Avenue W: Forestburg Detached for sale : MLS®# A2098457
    Floorplan
  • Photo 14: 5402 46 Avenue W: Forestburg Detached for sale : MLS®# A2098457
    Backyard
  • Photo 15: 5402 46 Avenue W: Forestburg Detached for sale : MLS®# A2098457
    Aeriel
Listed by Coldwell Banker Battle River Realty
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
17
Avg list price:
$165,000
Min list price:
$38,000
Max list price:
$390,000
Avg days on market:
61
Min days on market:
20
Max days on market:
565
Avg price per sq.ft.:
$162.27
These statistics are generated based on the current listing's property type and located in Forestburg. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706