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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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  2. Phone Number: Call me directly at 403.397.3706 with any questions or to schedule viewings.

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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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Township Road 272
Rural Rocky View MD Rural Rocky View County T4B 2A3

$899,999
Agri-Business

Main Photo: Township Road 272 in Rural Rocky View County: Rural Rocky View MD Agriculture for sale : MLS®# A2126579
Photo 1: Township Road 272 in Rural Rocky View County: Rural Rocky View MD Agriculture for sale : MLS®# A2126579
Photo 2: Township Road 272 in Rural Rocky View County: Rural Rocky View MD Agriculture for sale : MLS®# A2126579
Photo 3: Township Road 272 in Rural Rocky View County: Rural Rocky View MD Agriculture for sale : MLS®# A2126579
Photo 4: Township Road 272 in Rural Rocky View County: Rural Rocky View MD Agriculture for sale : MLS®# A2126579
Photo 5: Township Road 272 in Rural Rocky View County: Rural Rocky View MD Agriculture for sale : MLS®# A2126579
Photo 6: Township Road 272 in Rural Rocky View County: Rural Rocky View MD Agriculture for sale : MLS®# A2126579
Photo 7: Township Road 272 in Rural Rocky View County: Rural Rocky View MD Agriculture for sale : MLS®# A2126579
Photo 8: Township Road 272 in Rural Rocky View County: Rural Rocky View MD Agriculture for sale : MLS®# A2126579
Photo 9: Township Road 272 in Rural Rocky View County: Rural Rocky View MD Agriculture for sale : MLS®# A2126579
Photo 10: Township Road 272 in Rural Rocky View County: Rural Rocky View MD Agriculture for sale : MLS®# A2126579
Photo 11: Township Road 272 in Rural Rocky View County: Rural Rocky View MD Agriculture for sale : MLS®# A2126579
Photo 12: Township Road 272 in Rural Rocky View County: Rural Rocky View MD Agriculture for sale : MLS®# A2126579
Photo 13: Township Road 272 in Rural Rocky View County: Rural Rocky View MD Agriculture for sale : MLS®# A2126579
Photo 14: Township Road 272 in Rural Rocky View County: Rural Rocky View MD Agriculture for sale : MLS®# A2126579
Photo 15: Township Road 272 in Rural Rocky View County: Rural Rocky View MD Agriculture for sale : MLS®# A2126579
Photo 16: Township Road 272 in Rural Rocky View County: Rural Rocky View MD Agriculture for sale : MLS®# A2126579
Photo 17: Township Road 272 in Rural Rocky View County: Rural Rocky View MD Agriculture for sale : MLS®# A2126579
Photo 18: Township Road 272 in Rural Rocky View County: Rural Rocky View MD Agriculture for sale : MLS®# A2126579
Photo 19: Township Road 272 in Rural Rocky View County: Rural Rocky View MD Agriculture for sale : MLS®# A2126579
Photo 20: Township Road 272 in Rural Rocky View County: Rural Rocky View MD Agriculture for sale : MLS®# A2126579
Photo 21: Township Road 272 in Rural Rocky View County: Rural Rocky View MD Agriculture for sale : MLS®# A2126579
Photo 22: Township Road 272 in Rural Rocky View County: Rural Rocky View MD Agriculture for sale : MLS®# A2126579
Photo 23: Township Road 272 in Rural Rocky View County: Rural Rocky View MD Agriculture for sale : MLS®# A2126579
Status:
Active
Prop. Type:
Agri-Business
MLS® Num:
A2126579
Beautiful 139.88 acres +/- with stunning VIEWS in every direction. Many gorgeous building sites on this property, and there is an improved road (TWP RD 272) on the south boundary of the 1/4 and an unimproved road allowance on the west. Currently gently rolling pasture with West Nose Creek running through it, making it an ideal property for grazing cattle. Adding to the versatility of the property the North portion of the land was in crop several years ago and rented out. This fantastic location is minutes from Airdrie on the NE corner of TWP 272 and Range Road 24. Please do not enter property without permission. Call to book your private showing!
Property Type:
Agri-Business
Property Sub Type:
Agriculture
Transaction Type:
For Sale
Possession:
Possession Date:
Major Use Description:
Land Only, Pasture
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
139.88 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:
Bathrooms:
- (Full:-, Half:-)
Ensuite:
No
Garage:
0
NONE
NA
None Known
Title to Land:
Fee Simple
Lot Features:
Creek/River/Stream/Pond, Farm, Irregular Lot
Access To Property:
See Remarks
Num. of Parcels:
0
Nearest Town:
Airdrie
Region:
Rocky View County
Zoning:
AG
Listed Date:
Apr 26, 2024
Days on Mkt:
  • Photo 1: Township Road 272 in Rural Rocky View County: Rural Rocky View MD Agriculture for sale : MLS®# A2126579
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Listed by RE/MAX Rocky View Real Estate
Data was last updated September 20, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
10
Avg list price:
$3,862,500
Min list price:
$759,999
Max list price:
$32,500,000
Avg days on market:
75
Min days on market:
7
Max days on market:
295
Avg price per sq.ft.:
$3,357.4
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