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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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331067 Rge. Rd. 234
NONE Rural Kneehill County T0M 2C0

$975,000
Residential beds: 5 baths: 4.0 1,838 sq. ft. built: 2004

Main Photo: 331067 Rge. Rd. 234: Rural Kneehill County Detached for sale : MLS®# A2170957
Photo 1: 331067 Rge. Rd. 234: Rural Kneehill County Detached for sale : MLS®# A2170957
Photo 2: 331067 Rge. Rd. 234: Rural Kneehill County Detached for sale : MLS®# A2170957
Photo 3: 331067 Rge. Rd. 234: Rural Kneehill County Detached for sale : MLS®# A2170957
Photo 4: 331067 Rge. Rd. 234: Rural Kneehill County Detached for sale : MLS®# A2170957
Photo 5: 331067 Rge. Rd. 234: Rural Kneehill County Detached for sale : MLS®# A2170957
Photo 6: 331067 Rge. Rd. 234: Rural Kneehill County Detached for sale : MLS®# A2170957
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Photo 50: 331067 Rge. Rd. 234: Rural Kneehill County Detached for sale : MLS®# A2170957
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2170957
Bedrooms:
5
Bathrooms:
4
Year Built:
2004
Experience Unparalleled Quality in This Executive Home. Welcome to a truly stunning property that embodies luxury and comfort in every detail. This magnificent executive home boasts tiger wood floor throughout the exquisite living space, offering breathtaking south views from Upper and lower walkout patios with stamped concrete for zero maintenance. All bathrooms with Onyx Counters and jet tub in Ensuite., and a large walk in closet with drawer organizers, Stereo speaker system throughout, brushed nickle plumbing fixtures and eco friendly toilets The home features exceptional quality, with full ICF block construction, and if you like green utilities this is on Geo Thermal Heat system, both basement and garage are floor heat. Direct heat from wood fireplace distributed through the home with added Styrofoam insulation on exterior walls. More energy savings with the brass in triple pane windows. Custom designed and crafted cabinetry fills this home and function for every storage need. For your fruits, canning and vegetables a true cold room. The exterior has been meticulously maintained, enhancing its grandeur and appeal. From the front garden display with paved roundabout drive, to a 12'X53', 3 stall horse barn with protected watering area and wired and lighted as well as enclosed tack room. A large attached floor heated triple garage, floor drains and with expanded sized doors and middle stall raised door for various parking options. All this within walking distance to town and bring your horses to enjoy the 8 acres of pasture fully fenced with contained paddock area.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Acreage with Residence, Split Level
Total Living Area:
1,838 sq. ft.
Main Level Finished Area:
1,838 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
10.1 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:
North
Reg. Size:
Reg. Size Includes:
Unit Exposure:
Northwest
Floor Location:
Below Grade
Levels:
One
Total Rooms Above Grade:
7
Year built:
2004 (Age: 20)
Bedrooms:
5 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
3
Bathrooms:
4.0 (Full:3, Half:1)
Electricity:
Single Phase
Heating:
Electric, Geothermal
Basement:
Finished, Full, Walk-Out To Grade
Foundation:
ICF Block, Poured Concrete
New Constr.:
No
Construction Material:
ICFs (Insulated Concrete Forms), Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Ceramic Tile, Hardwood
Cooling:
Full
Fireplaces:
1
Fireplace Details:
Blower Fan, Circulating, Great Room, Heatilator, Wood Burning
Water Supply:
Well
Sewer:
Open Discharge, Pump, Septic Tank
Utilities:
Electricity Connected, Natural Gas Not Available
Garage:
1
Garage Spaces:
3
Parking:
RV Garage, Triple Garage Attached
Parking Places:
6.0
Parking Total/Covered:
6 / -
Laundry Features:
Laundry Room, Main Level, Sink
NONE
Dishwasher, Dryer, Electric Stove, Garage Control(s), Garburator, Microwave Hood Fan, Refrigerator, Washer, Water Distiller, Water Purifier, Window Coverings
Hot Tub and insulated cover.
None Known
Floor
Type
Size
Other
Main Floor
Bedroom
11'7" × 11'3"
Main Floor
Den
12'1" × 8'
Main Floor
Dining Room
13'7" × 10'10"
Main Floor
Foyer
8'8" × 6'2"
Main Floor
Kitchen
16'9" × 0'11"
Main Floor
Laundry
11'2" × 10'11"
Main Floor
Living Room
21'7" × 20'5"
Main Floor
Bedroom - Primary
13'3" × 13'2"
Basement
Bedroom
13'2" × 11'5"
Basement
Bedroom
18'2" × 9'3"
Basement
Bedroom
11'10" × 9'1"
Basement
Game Room
41'8" × 35'8"
Basement
Storage
11'4" × 5'11"
Basement
Storage
7'1" × 5'9"
Basement
Furnace/Utility Room
14'3" × 11'2"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5'5" x 5'4"
Main Floor
No
4
6'7" x 12'2"
Main Floor
Yes
5
12'2" x 12'
Basement
No
4
5'5" x 11'11"
Title to Land:
Fee Simple
Community Features:
Golf, Park, Playground, Pool, Schools Nearby, Shopping Nearby
Interior Features:
Bookcases, Breakfast Bar, Built-in Features
Exterior Features:
Private Yard
Patio And Porch Features:
Deck, Front Porch, Patio, Wrap Around
Lot Features:
Gentle Sloping, Landscaped, Many Trees, Pasture, Rectangular Lot, Views
Num. of Parcels:
0
Outbuildings:
Barn, Other
Fencing:
Partial
Nearest Town:
Trochu
Region:
Kneehill County
Zoning:
CR
Listed Date:
Oct 04, 2024
Days on Mkt:
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Virtual Tour

Listed by MaxWell Capital Realty
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Diane Richardson
Cell: 403-397-3706