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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42004 Range road 18-3
NONE Warner T0K 2L0

$800,000
Agri-Business 2,070 sq. ft. built: 1950

Main Photo: 42004 Range road 18-3: Warner Agriculture for sale : MLS®# A2038270
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Photo 34: 42004 Range road 18-3: Warner Agriculture for sale : MLS®# A2038270
Status:
Active
Prop. Type:
Agri-Business
MLS® Num:
A2038270
Year Built:
1950
80 acres. Property set up for livestock with cross fencing , corral, pens & waterers. 2000 sq ft bungalow home within mature shelter belt offering a very private setting within view of Milk River Ridge. Outbuildings include 50' x80' Quonset, 40' x 80' heated shop with 220, full concrete floor , 16' x 24' shop, (4) 3900 bushel Butler grain bins, (1) 2700 bushel Butler grain bin. 4000 gallon cistern - Milk River water Co-op. Newer water heater and furnace.
Property Type:
Agri-Business
Property Sub Type:
Agriculture
Transaction Type:
For Sale
Possession:
Possession Date:
Home Style:
Bungalow
Major Use Description:
See Remarks
Total Living Area:
2,070 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
79.6 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:
1950 (Age: 74)
Bathrooms:
- (Full:-, Half:-)
Plan:
1611065
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Hardwood, Tile
Water Supply:
Cistern, Co-operative
Sewer:
Septic Field
Utilities:
See Remarks
Garage:
1
Garage Spaces:
2
Parking:
Converted Garage, Heated Garage
NONE
Fridge, stove, washer, dryer in residence. (2) fridges in garage
None Known
Title to Land:
Fee Simple
Interior Features:
Kitchen Island
Exterior Features:
Covered Courtyard, Garden
Num. of Parcels:
0
Outbuildings:
Equipment Storage, Crop Storage, Grainery, Quonset
Fencing:
Fenced
Nearest Town:
Warner
Region:
Warner No. 5, County of
Zoning:
ag
Listed Date:
Apr 06, 2023
Days on Mkt:
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Listed by Re/Max Real Estate (Central)
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Diane Richardson
Cell: 403-397-3706