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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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105 Cottageclub Drive
Rural Rocky View MD Rural Rocky View County T4C 1B1

$639,000
Residential beds: 1 baths: 2.0 826 sq. ft. built: 2024

Main Photo: 105 Cottageclub Drive in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175124
Photo 1: 105 Cottageclub Drive in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175124
Photo 2: 105 Cottageclub Drive in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175124
Photo 3: 105 Cottageclub Drive in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175124
Photo 4: 105 Cottageclub Drive in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175124
Photo 5: 105 Cottageclub Drive in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175124
Photo 6: 105 Cottageclub Drive in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175124
Photo 7: 105 Cottageclub Drive in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175124
Photo 8: 105 Cottageclub Drive in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175124
Photo 9: 105 Cottageclub Drive in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175124
Photo 10: 105 Cottageclub Drive in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175124
Photo 11: 105 Cottageclub Drive in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175124
Photo 12: 105 Cottageclub Drive in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175124
Photo 13: 105 Cottageclub Drive in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175124
Photo 14: 105 Cottageclub Drive in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175124
Photo 15: 105 Cottageclub Drive in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175124
Photo 16: 105 Cottageclub Drive in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175124
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2175124
Bedrooms:
1
Bathrooms:
2
Year Built:
2024
OPEN HOUSE NOVEMBER 2ND & 3RD - 1PM TO 3PM. Discover your dream retreat at CottageClub Ghost Lake with this charming 1-bedroom, 1.5-bathroom bungalow, offering the perfect blend of luxury and nature. Nestled within a serene community, this brand-new home is an ideal haven for those looking to downsize and simplify life. Boasting over 1,600 sq ft of interior space, including an undeveloped basement, this property provides ample room for customization. Imagine transforming the basement into an additional living space with two extra bedrooms and a full bathroom—perfect for guests or extended family visits. Step inside to find a thoughtfully designed layout featuring a spacious open-plan living area, where natural light floods through large windows, highlighting the high-quality finishes throughout. The modern kitchen, equipped with state-of-the-art appliances and plenty of storage, makes meal preparation a joy, while the cozy dining area is perfect for intimate gatherings. The generous master suite offers a peaceful escape with its en-suite bathroom, complete with contemporary fixtures and a luxurious feel. An additional half-bathroom ensures convenience for you and your guests. Beyond the exquisite interiors, CottageClub Ghost Lake provides access to an array of outdoor activities, from hiking and fishing to boating and wildlife spotting. With stunning views of the surrounding landscapes, you'll never tire of exploring the great outdoors right from your doorstep. Priced under $650k, this property represents an incredible opportunity to own a piece of paradise in a sought-after community. Don't miss your chance to experience the perfect balance of comfort, style, and nature.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Bare Land
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bungalow
Total Living Area:
826.5 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$227.00
Condo Fee Includes:
Amenities of HOA/Condo, Caretaker, Professional Management, Reserve Fund Contributions, Snow Removal, Trash, Water
HOA Fee Includes:
Lot Area:
5,426 sq. ft.
Lot Frontage:
43'1"
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:
Northeast
Reg. Size:
Reg. Size Includes:
Levels:
One
Total Rooms Above Grade:
1
Year built:
2024 (Age: 0)
Bedrooms:
1 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:1, Half:1)
Plan:
2111703
Heating:
Forced Air
Basement:
Full, Unfinished
Foundation:
Poured Concrete
New Constr.:
Yes
Construction Material:
Cement Fiber Board, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Vinyl Plank
Cooling:
None
Fireplaces:
1
Fireplace Details:
Electric
Water Supply:
Private
Sewer:
Holding Tank
Garage:
0
Parking:
Off Street
Parking Places:
6.0
Parking Total/Covered:
6 / -
Laundry Features:
In Basement
Condo Fee Frequency:
Monthly
Cottage Club Ghost Lake Inc.
Cottage Club at Ghost Lake
Beach Access, Clubhouse, Coin Laundry, Community Gardens, Fitness Center, Indoor Pool, Park, Parking, Party Room, Picnic Area, Playground, Racquet Courts, Snow Removal, Spa/Hot Tub, Trash
Built-In Oven, Built-In Refrigerator, Dishwasher, Microwave
Recreational Centre Wristbands
Architectural Guidelines, Building Design Size, Call Lister
Yes
Floor
Type
Size
Other
Main Floor
Bedroom - Primary
13'4" × 12'3"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
3
5'11" x 9'4"
Main Floor
No
2
4'11" x 5'11"
Title to Land:
Fee Simple
Community Features:
Clubhouse, Gated, Lake, Park, Playground, Tennis Court(s), Walking/Bike Paths
Interior Features:
Breakfast Bar, Open Floorplan, Quartz Counters, Recessed Lighting, Vinyl Windows
Exterior Features:
None
Patio And Porch Features:
Front Porch, Rear Porch
Lot Features:
Rectangular Lot
Num. of Parcels:
0
Fencing:
None
Nearest Town:
Cochrane
Region:
Rocky View County
Zoning:
DC123
Listed Date:
Oct 24, 2024
Days on Mkt:
  • Photo 1: 105 Cottageclub Drive in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175124
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  • Photo 2: 105 Cottageclub Drive in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175124
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  • Photo 5: 105 Cottageclub Drive in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175124
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  • Photo 6: 105 Cottageclub Drive in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175124
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  • Photo 7: 105 Cottageclub Drive in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175124
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  • Photo 8: 105 Cottageclub Drive in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175124
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  • Photo 9: 105 Cottageclub Drive in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175124
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  • Photo 10: 105 Cottageclub Drive in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175124
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  • Photo 11: 105 Cottageclub Drive in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175124
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  • Photo 12: 105 Cottageclub Drive in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175124
    Photo 12 of 16
  • Photo 13: 105 Cottageclub Drive in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175124
    VIEW FROM PRIMARY
  • Photo 14: 105 Cottageclub Drive in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175124
    Photo 14 of 16
  • Photo 15: 105 Cottageclub Drive in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175124
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  • Photo 16: 105 Cottageclub Drive in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175124
    Photo 16 of 16
Listed by eXp Realty
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
171
Avg list price:
$1,749,900
Min list price:
$419,000
Max list price:
$14,300,000
Avg days on market:
66
Min days on market:
1
Max days on market:
1,267
Avg price per sq.ft.:
$649.09
These statistics are generated based on the current listing's property type and located in Rural Rocky View MD. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706