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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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68 351 Monteith Drive SE
Monteith High River T1V 0G1

$435,000
Residential beds: 3 baths: 3.0 1,358 sq. ft. built: 2024

Walkout Basements
Photo 1: 68 351 Monteith Drive SE: High River Row/Townhouse for sale : MLS®# A2169776
Photo 2: 68 351 Monteith Drive SE: High River Row/Townhouse for sale : MLS®# A2169776
Photo 3: 68 351 Monteith Drive SE: High River Row/Townhouse for sale : MLS®# A2169776
Photo 4: 68 351 Monteith Drive SE: High River Row/Townhouse for sale : MLS®# A2169776
Photo 5: 68 351 Monteith Drive SE: High River Row/Townhouse for sale : MLS®# A2169776
Photo 6: 68 351 Monteith Drive SE: High River Row/Townhouse for sale : MLS®# A2169776
Photo 7: 68 351 Monteith Drive SE: High River Row/Townhouse for sale : MLS®# A2169776
Photo 8: 68 351 Monteith Drive SE: High River Row/Townhouse for sale : MLS®# A2169776
Photo 9: 68 351 Monteith Drive SE: High River Row/Townhouse for sale : MLS®# A2169776
Photo 10: 68 351 Monteith Drive SE: High River Row/Townhouse for sale : MLS®# A2169776
Photo 11: 68 351 Monteith Drive SE: High River Row/Townhouse for sale : MLS®# A2169776
Photo 12: 68 351 Monteith Drive SE: High River Row/Townhouse for sale : MLS®# A2169776
Photo 13: 68 351 Monteith Drive SE: High River Row/Townhouse for sale : MLS®# A2169776
Photo 14: 68 351 Monteith Drive SE: High River Row/Townhouse for sale : MLS®# A2169776
Photo 15: 68 351 Monteith Drive SE: High River Row/Townhouse for sale : MLS®# A2169776
Photo 16: 68 351 Monteith Drive SE: High River Row/Townhouse for sale : MLS®# A2169776
Photo 17: 68 351 Monteith Drive SE: High River Row/Townhouse for sale : MLS®# A2169776
Photo 18: 68 351 Monteith Drive SE: High River Row/Townhouse for sale : MLS®# A2169776
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2169776
Bedrooms:
3
Bathrooms:
3
Year Built:
2024
Corner Lot!! Introducing the Exciting New Construction by Jenga Homes! Construction has begun on unit #68, Building 08 walkout basement, located in the charming Villas of Monteith community. Let's explore the remarkable features of this beautiful home. The main floor welcomes you with an airy and open concept design, creating a spacious and inviting atmosphere. The kitchen is a showstopper, equipped with elegant quartz countertops, a trendy backsplash, and a convenient island, perfect for all your culinary adventures. Adjacent to the kitchen, you'll find a delightful balcony where you can enjoy your morning coffee or host evening BBQs, made even easier with a natural gas hook up. This dwelling boasts three well-appointed bedrooms on the upper level, accompanied by three and a half baths, ensuring utmost comfort and convenience for you and your family. To add to the convenience, there's an upstairs laundry area, making your daily routines even more effortless. The primary bedroom is a luxurious retreat, featuring a lavish four-piece ensuite and a generously sized walk-in closet, offering both style and practicality. The kitchen itself is a sight to behold, with sleek white solid cabinet doors and a corner pantry, providing ample storage space for all your culinary needs. Entertaining guests while whipping up delicious meals becomes a joy, as the cozy living room creates a welcoming ambiance for everyone to enjoy. Living in this community comes with added perks, as lawn maintenance and snow removal are taken care of for you, allowing you to focus on the more enjoyable aspects of life. Embrace the comfort and convenience of your new home in the Villas of Monteith. Your dream lifestyle awaits! 1 Unit left on Building 8!!!
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Bare Land
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey
Total Living Area:
1,358 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$414.00
Condo Fee Includes:
Common Area Maintenance, Insurance, Maintenance Grounds, Professional Management, Reserve Fund Contributions, Snow Removal, Trash
HOA Fee Includes:
Lot Area:
122 sq. ft.
Lot Frontage:
6'1"
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:
Entry Level:
2
Levels:
Two
End Unit:
2+ Common Walls
Total Rooms Above Grade:
6
Year built:
2024 (Age: 0)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
1111258
Heating:
Forced Air
Basement:
Full, Unfinished
Foundation:
Poured Concrete
New Constr.:
Yes
Construction Material:
Concrete, Vinyl Siding, Wood Frame
Structure Type:
Five Plus
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Laminate
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
1
Parking:
Parking Pad, Single Garage Attached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Unit, Upper Level
Condo Fee Frequency:
Monthly
Z-name Not Listed
Monteith
Snow Removal, Trash, Visitor Parking
Convection Oven, Dishwasher, Microwave, Microwave Hood Fan, Refrigerator
N/A
Airspace Restriction, Easement Registered On Title, Utility Right Of Way
Restrictions
Floor
Type
Size
Other
Main Floor
Living Room
15'10" × 15'4"
Main Floor
Dining Room
10'7" × 10'4"
Main Floor
Kitchen
9'7" × 9'
Main Floor
Entrance
5'7" × 5'
Main Floor
Mud Room
5'9" × 4'
2nd Floor
Bedroom
10'2" × 9'5"
2nd Floor
Laundry
3'4" × 3'3"
2nd Floor
Bedroom - Primary
15'10" × 10'
2nd Floor
Bedroom
9'10" × 9'4"
2nd Floor
Walk-In Closet
7'9" × 3'
Floor
Ensuite
Pieces
Other
Main Floor
No
2
7' x 2'9"
2nd Floor
No
4
9'8" x 5'
2nd Floor
Yes
3
5'8" x 6'5"
Title to Land:
Fee Simple
Community Features:
Schools Nearby, Shopping Nearby, Street Lights, Walking/Bike Paths
Interior Features:
High Ceilings, Kitchen Island, Open Floorplan, Quartz Counters
Exterior Features:
None
Patio And Porch Features:
Deck
Lot Features:
Low Maintenance Landscape
Num. of Parcels:
0
Fencing:
Partial
Region:
Foothills County
Zoning:
TND
Listed Date:
Oct 01, 2024
Days on Mkt:
  • Photo 1: 68 351 Monteith Drive SE: High River Row/Townhouse for sale : MLS®# A2169776
    Walkout Basements
  • Photo 2: 68 351 Monteith Drive SE: High River Row/Townhouse for sale : MLS®# A2169776
    Front door
  • Photo 3: 68 351 Monteith Drive SE: High River Row/Townhouse for sale : MLS®# A2169776
    Hallway
  • Photo 4: 68 351 Monteith Drive SE: High River Row/Townhouse for sale : MLS®# A2169776
    1/2 Bathroom
  • Photo 5: 68 351 Monteith Drive SE: High River Row/Townhouse for sale : MLS®# A2169776
    Kitchen
  • Photo 6: 68 351 Monteith Drive SE: High River Row/Townhouse for sale : MLS®# A2169776
    Kitchen
  • Photo 7: 68 351 Monteith Drive SE: High River Row/Townhouse for sale : MLS®# A2169776
    Living Room
  • Photo 8: 68 351 Monteith Drive SE: High River Row/Townhouse for sale : MLS®# A2169776
    Living Room
  • Photo 9: 68 351 Monteith Drive SE: High River Row/Townhouse for sale : MLS®# A2169776
    Upstairs Hallway
  • Photo 10: 68 351 Monteith Drive SE: High River Row/Townhouse for sale : MLS®# A2169776
    Laundry Room
  • Photo 11: 68 351 Monteith Drive SE: High River Row/Townhouse for sale : MLS®# A2169776
    Primary Bedroom
  • Photo 12: 68 351 Monteith Drive SE: High River Row/Townhouse for sale : MLS®# A2169776
    Bedroom 1
  • Photo 13: 68 351 Monteith Drive SE: High River Row/Townhouse for sale : MLS®# A2169776
    3 Peice bathroom
  • Photo 14: 68 351 Monteith Drive SE: High River Row/Townhouse for sale : MLS®# A2169776
    4 piece Bathroom
  • Photo 15: 68 351 Monteith Drive SE: High River Row/Townhouse for sale : MLS®# A2169776
    Basement
  • Photo 16: 68 351 Monteith Drive SE: High River Row/Townhouse for sale : MLS®# A2169776
    Garage
  • Photo 17: 68 351 Monteith Drive SE: High River Row/Townhouse for sale : MLS®# A2169776
    Basement
  • Photo 18: 68 351 Monteith Drive SE: High River Row/Townhouse for sale : MLS®# A2169776
    Deck
Listed by Ace Realty
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
28
Avg list price:
$557,000
Min list price:
$274,900
Max list price:
$1,500,000
Avg days on market:
55
Min days on market:
1
Max days on market:
166
Avg price per sq.ft.:
$343.3
These statistics are generated based on the current listing's property type and located in High River. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706