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)

Contact Diane Richardson Easily With These Simple Steps:

  1. Contact Form: Use the contact form on my website to send me a direct message. Please include your name, email address, and a message, and I will respond as soon as possible.

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

  3. Email Address: Reach out to me at Diane for any inquiries or to request additional information.

  4. Live Chat: Utilize the live chat feature on my website for real-time communication and immediate answers to your questions.

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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Half Moon Bay Drive
Rural Lacombe County Rural Lacombe County T4S 1S1

$4,975,000
Land

Main Photo: Half Moon Bay Drive: Rural Lacombe County Residential Land for sale : MLS®# A2051170
Photo 1: Half Moon Bay Drive: Rural Lacombe County Residential Land for sale : MLS®# A2051170
Photo 2: Half Moon Bay Drive: Rural Lacombe County Residential Land for sale : MLS®# A2051170
Photo 3: Half Moon Bay Drive: Rural Lacombe County Residential Land for sale : MLS®# A2051170
Photo 4: Half Moon Bay Drive: Rural Lacombe County Residential Land for sale : MLS®# A2051170
Photo 5: Half Moon Bay Drive: Rural Lacombe County Residential Land for sale : MLS®# A2051170
Photo 6: Half Moon Bay Drive: Rural Lacombe County Residential Land for sale : MLS®# A2051170
Status:
Active
Prop. Type:
Land
MLS® Num:
A2051170
Rare opportunity to purchase 94.75 acres of prime development land adjacent to the Half Moon Bay Summer Village and Range Road 2-1. This property has massive upside potential! According to the Sylvan Lake Area Structure Plan, this land is designated as a Higher Density Node, which means that 15% of units in a future development can be multi-family. Additionally, it is well placed next to a possible public access site and is in close proximity to Range Road 2-2 and the land which has been designated as a future Lacombe County boat launch on the west side of the lake. 2 acres of this parcel on the NE corner has recently been sold to help facility the construction of a lift station required to support the future Sylvan Lake Regional Wastewater trunk alignment; with funds that will be supplied by the province's Water For Life program. A portion of the land is currently farmed and the annual crop revenue is approximately $4,200 - $5,000.
Property Type:
Land
Property Sub Type:
Residential Land
Transaction Type:
For Sale
Possession:
Possession Date:
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
95 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
N/A
None Known
Title to Land:
Fee Simple
Waterfront Features:
Beach Access, Lake Access
Access To Property:
Gravel Road, Paved Road
Num. of Parcels:
0
Fencing:
Partial
Nearest Town:
Sylvan Lake
Region:
Lacombe County
Zoning:
A, R-RCC
Listed Date:
May 23, 2023
Days on Mkt:
  • Photo 1: Half Moon Bay Drive: Rural Lacombe County Residential Land for sale : MLS®# A2051170
    Photo 1 of 6
  • Photo 2: Half Moon Bay Drive: Rural Lacombe County Residential Land for sale : MLS®# A2051170
    Photo 2 of 6
  • Photo 3: Half Moon Bay Drive: Rural Lacombe County Residential Land for sale : MLS®# A2051170
    Photo 3 of 6
  • Photo 4: Half Moon Bay Drive: Rural Lacombe County Residential Land for sale : MLS®# A2051170
    Photo 4 of 6
  • Photo 5: Half Moon Bay Drive: Rural Lacombe County Residential Land for sale : MLS®# A2051170
    Photo 5 of 6
  • Photo 6: Half Moon Bay Drive: Rural Lacombe County Residential Land for sale : MLS®# A2051170
    Photo 6 of 6
Listed by Hope Street Real Estate Corp.
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
35
Avg list price:
$195,000
Min list price:
$99,900
Max list price:
$4,975,000
Avg days on market:
173
Min days on market:
2
Max days on market:
1,345
These statistics are generated based on the current listing's property type and located in Rural Lacombe County. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706