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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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When contacting me, please ensure to include the property address or MLS® number for the listing you are interested in. I look forward to hearing from you!

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23 Grove Lane
Rural Rocky View MD Rural Rocky View County T4C 2Z3

$2,095,000
Residential beds: 3 baths: 3.0 3,083 sq. ft. built: 2025

Main Photo: 23 Grove Lane in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175960
Photo 1: 23 Grove Lane in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175960
Photo 2: 23 Grove Lane in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175960
Photo 3: 23 Grove Lane in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175960
Photo 4: 23 Grove Lane in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175960
Photo 5: 23 Grove Lane in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175960
Photo 6: 23 Grove Lane in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175960
Photo 7: 23 Grove Lane in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175960
Photo 8: 23 Grove Lane in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175960
Photo 9: 23 Grove Lane in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175960
Photo 10: 23 Grove Lane in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175960
Photo 11: 23 Grove Lane in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175960
Photo 12: 23 Grove Lane in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175960
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2175960
Bedrooms:
3
Bathrooms:
3
Year Built:
2025
Welcome to the GROVE at BEARSPAW! SERENE acreage with 4 ACRE LOT, tucked away in the trees providing ideal seclusion, wind protection & serenity. Custom home is representative and can be revised to suit YOUR needs. Boasting over 3,083 sqft above grade + the possibility of another 1,800+ sqft on the lower level. HEATED oversized 3 CAR GARAGE, 3 bed + 2.5 bath, DINING, GYM/DEN, GREAT ROOM & Butler’s Pantry. BUILD with GIBB Construction or bring your own builder. Grand entrance leads to open concept main floor with transitional finishes and design featuring; painted ceilings, white oak engineered floors + built-ins. Great room with 18 ft vaulted ceilings featuring a timeless stone fireplace + rustic mantle with functional ease of access to back deck. True Gourmet kitchen with soft close doors and drawers, DACOR appliance package, stone countertops, central island with seating for 5 + prep sink & HUGE walk-in + butler’s pantry. Formal DEN/GYM + spacious back entrance & mud room with built-in lockers + powder room complete the main level. Gorgeous staircase with painted railings leads upstairs to primary RETREAT featuring: VIEWS, custom walk-in closet + 5 pc ensuite with IN-FLOOR HEATING, dual vanities, free standing soaker tub + custom SHOWER. 2 additional good-sized bedrooms, 5 pc bathroom + LAUNDRY with cabinets & sink. Expansive lower level with R/I in-floor HY-DRONIC HEATING, R/I WET BAR + space for ideal rec area, 4th bedroom, THEATRE & storage. Enjoy the ESCAPE of COUNTRY LIFE with AMENITIES just minutes away. Underground services to property line (GAS, POWER, TELEPHONE, WELL). Common sense Architectural Guidelines + Desirable R-RUR zoning to allow for a potential 2,045+/- sqft accessory building (Shop/Carriage House). RMS principles applied to black line drawings. Call Today to discuss further. NO BUILDING commitment. Exceptional Value!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
1 and Half Storey, Acreage with Residence
Total Living Area:
3,083 sq. ft.
Main Level Finished Area:
1,927 sq. ft.
Upper Level Finished Area:
1,156 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
4.52 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:
Front Exposure:
Northeast
Reg. Size:
Reg. Size Includes:
Levels:
One and One Half
Total Rooms Above Grade:
6
Year built:
2025 (Age: -)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
2310184
Heating:
In Floor Roughed-In, Forced Air
Basement:
Full, Unfinished
Foundation:
Poured Concrete
New Constr.:
Yes
Construction Material:
Brick, Cement Fiber Board, Stone
Structure Type:
House
Roof:
Asphalt
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Hardwood
Cooling:
Rough-In
Fireplaces:
1
Fireplace Details:
Gas
Water Supply:
Well
Sewer:
None
Garage:
1
Garage Spaces:
3
Parking:
Heated Garage, Oversized, Triple Garage Attached
Parking Places:
3.0
Parking Total/Covered:
3 / -
Laundry Features:
Sink, Upper Level
Bearspaw_Calg
See Remarks
N/A
Architectural Guidelines, Easement Registered On Title, Restrictive Covenant-Building Design/Size
Floor
Type
Size
Other
Main Floor
Mud Room
15' × 8'2"
Main Floor
Exercise Room
14' × 11'10"
Main Floor
Great Room
24' × 18'
Main Floor
Kitchen
19' × 18'10"
2nd Floor
Bedroom - Primary
15' × 14'8"
2nd Floor
Laundry
14'6" × 7'3"
2nd Floor
Bedroom
12'7" × 11'
2nd Floor
Bedroom
11'10" × 11'9"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
6'8" x 5'9"
2nd Floor
Yes
5
13' x 15'
2nd Floor
No
5
5'9" x 14'6"
Title to Land:
Fee Simple
Community Features:
Golf, Schools Nearby, Shopping Nearby
Interior Features:
Bar, Built-in Features, Closet Organizers, Double Vanity, High Ceilings, Kitchen Island, No Smoking Home, Open Floorplan, Wet Bar
Exterior Features:
Barbecue, Private Yard
Patio And Porch Features:
Deck, Porch
Lot Features:
Cul-De-Sac, Low Maintenance Landscape, Gentle Sloping, No Neighbours Behind, Many Trees, Native Plants, Secluded, Treed
Num. of Parcels:
0
Fencing:
Partial
Nearest Town:
Calgary
Region:
Rocky View County
Zone:
CAL Zone Bearspaw
Zoning:
R-RUR
Listed Date:
Oct 28, 2024
Days on Mkt:
  • Photo 1: 23 Grove Lane in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175960
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  • Photo 9: 23 Grove Lane in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175960
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  • Photo 10: 23 Grove Lane in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175960
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  • Photo 11: 23 Grove Lane in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175960
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  • Photo 12: 23 Grove Lane in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2175960
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Listed by RE/MAX House of Real Estate
Data was last updated November 13, 2024 at 02:05 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