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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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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152081 Range Road 222
NONE Rural Vulcan County T0L 2B0

$799,000
Residential beds: 5 baths: 3.0 1,500 sq. ft. built: 1965

Main Photo: 152081 Range Road 222: Rural Vulcan County Detached for sale : MLS®# A2082027
Photo 1: 152081 Range Road 222: Rural Vulcan County Detached for sale : MLS®# A2082027
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2082027
Bedrooms:
5
Bathrooms:
3
Year Built:
1965
Lake view and acreage living at its finest !This acreage is nicely situated and one of a kind with true birds eye view of Little Bow Resort and surrounding area! This home was moved onto its new foundation in 2006 and underwent extensive renovations. In 2022 the home had approximately $200k extra in renovations completed including doors, windows ,Hot water tank, A/C, Grand Front Entrance w/ Fir Caps and Pine beam combined with the distressed barn wood wainscoting truly does make this country home feel unique. All of the craftsmanship has been professionally done by a reputable local contractor and shows from the moment you open the door. Lots of square feet with 3 bedrooms and a nice 3 piece en suite attached with the primary all on the main level. Open kitchen w/ dining area and large attached wrap around deck with breath taking view of the lake and country side. Cozy living room w/ wood burning stove makes for the perfect place to relax and unwind. Walk out basement is complete with a large family room / games room which is ideal for entertaining. Two more good size bedroom s complete this level which is perfect for teenagers or guests. Walk out side and look down to the lake as the property is approx. 100' higher in elevation. Worry free water supply as this acreage is on the Water CO-OP and has its own 5000 gallon cistern w/ own separate heated shed. Three manual irrigation zones to help keep the yard green and trees growing. Needing room to park the RV, Boat, trailers, toys and vehicles? The shop is 60' x40' and has a 18' x 20' overhead door as well as a 10'x 12' overhead door. Plenty of room to park and store your belongings as well as work on various projects. If GOLF is you sport and you want to practice your skills or play a round with out leaving home then you will love the Golf Simulator where no tee times are required! If you were thinking is possibly anything more.......there is! There is an attached lean two on the shop measuring 14' x 60' which is too convenient and easy to use and keeps everything dry and out of the elements. Weather its a day of water skiing, fishing, hiking, camping or golfing it is all here in your backyard. Pavement is darn near to your doorstep and you truly will fall in love with this one of a kind sought after property. Book your private viewing today and see what is waiting for you!
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, Bungalow
Total Living Area:
1,500 sq. ft.
Main Level Finished Area:
1,500 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,303 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
4.57 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:
South
Reg. Size:
Reg. Size Includes:
Floor Location:
Other
Levels:
One
Total Rooms Above Grade:
5
Year built:
1965 (Age: 59)
Bedrooms:
5 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
2
Bathrooms:
3.0 (Full:3, Half:0)
Plan:
2312287
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Laminate, Vinyl Plank
Cooling:
None
Fireplaces:
2
Fireplace Details:
Pellet Stove, Wood Burning Stove
Garage:
0
Parking:
None
Laundry Features:
Main Level
NONE
Built-In Oven, Built-In Range, Dishwasher, Refrigerator, Washer, Window Coverings
Golf Simulator is negotiable
None Known
Floor
Type
Size
Other
Main Floor
Living Room
16'9" × 13'2"
Main Floor
Kitchen
12'1" × 9'10"
Main Floor
Bedroom - Primary
15'8" × 11'6"
Main Floor
Bedroom
11'4" × 9'
Main Floor
Bedroom
12'4" × 11'
Basement
Family Room
21'4" × 13'3"
Basement
Game Room
30'8" × 13'2"
Basement
Bedroom
11' × 9'10"
Basement
Bedroom
17' × 10'10"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
3
Main Floor
No
4
Basement
No
4
Title to Land:
Fee Simple
Community Features:
Lake
Interior Features:
See Remarks, Vinyl Windows
Exterior Features:
Private Entrance, Private Yard, Storage
Patio And Porch Features:
Deck, Wrap Around
Lot Features:
Lake, Lawn, Secluded
Num. of Parcels:
0
Outbuildings:
Shop
Fencing:
Partial
Nearest Town:
Champion
Region:
Vulcan County
Zoning:
CR
Listed Date:
Nov 24, 2023
Days on Mkt:
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Listed by Prairie Management & Realty Inc.
Data was last updated September 20, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
19
Avg list price:
$579,000
Min list price:
$160,000
Max list price:
$1,950,000
Avg days on market:
105
Min days on market:
7
Max days on market:
645
Avg price per sq.ft.:
$363.34
These statistics are generated based on the current listing's property type and located in Rural Vulcan County. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706