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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  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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64209 338 Avenue E
NONE Rural Foothills County T1S 5N8

$4,799,000
Residential beds: 5 baths: 5.0 3,695 sq. ft. built: 1998

Main Photo: 64209 338 Avenue E: Rural Foothills County Detached for sale : MLS®# A2142075
Photo 1: 64209 338 Avenue E: Rural Foothills County Detached for sale : MLS®# A2142075
Photo 2: 64209 338 Avenue E: Rural Foothills County Detached for sale : MLS®# A2142075
Photo 3: 64209 338 Avenue E: Rural Foothills County Detached for sale : MLS®# A2142075
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Photo 50: 64209 338 Avenue E: Rural Foothills County Detached for sale : MLS®# A2142075
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2142075
Bedrooms:
5
Bathrooms:
5
Year Built:
1998
Breathtaking 153 acre luxury estate home in the heart of Foothills County. Located just minutes from Calgary and Okotoks, this stunning property features 5 bedrooms, 4.5 bathrooms and 5715 square feet of total developed living space. The main level is warm and welcoming, beginning with the grand foyer that opens into the living room with vaulted ceilings, a built-in wood entertainment unit and cozy gas fireplace. Open concept main floor with expansive dining room and custom kitchen that was professional renovated in 2018 and nominated for a BILD award. The kitchen is a chef’s dream with a large stone island, top-of-the-line appliances, walk-in pantry, built-in window seats, and enclosed wine bar. The primary bedroom is a relaxing retreat with views overlooking the pond, a walk-in closet, and ensuite featuring a clawfoot tub and steam shower. Completing the main level is a guest bedroom, laundry room, mudroom and 2-piece bathroom. Upstairs is a pair of matching bedrooms each with its own 3-piece ensuite. Above the attached triple car garage, a spacious bonus room with built-in wet bar is a perfect place for family movie and game nights. The fully developed walk-out basement features a large kitchen, living room, bedroom, laundry room, and 4-piece bathroom with jetted tub and enclosed sauna. With a private entrance, this space would make an excellent nanny or mother-in-law quarters. The low maintenance exterior has Hardie board siding, Malarky 100mph shingles, composite decking, and a covered veranda. The grounds have been exceptionally landscaped to include two ponds with fountains and a waterfall feature, a walking bridge with gazebo, a recycled asphalt driveway, exterior lights on timers, built-in gas BBQ, and an outdoor stone fireplace. A short walk from the house, you’ll find a 40x60 heated shop equipped with 5 zone in-floor heating, an RV bay with reinforced concrete, drive through overhead doors, and a 2-piece bath with dog wash. Above the shop, an additional 1147 square feet bonus loft with a kitchen, living area, laundry room, 2 bedrooms and 1 bathroom would be ideal for a farm hand or visiting house guests. If that wasn’t enough, there is another fully finished bungalow located on the property. Renovated in 2013, the second home features an open concept kitchen and living room with 2 bedrooms, 1 bathroom and 1358 square feet of living space on the main level. The downstairs features a 2 bedroom, 1 bathroom illegal suite, providing additional income generating possibilities. 130 acres currently used as pasture land are fenced and crossed fenced, with an irrigation system featuring 128 sprinkler heads on 28 zones. There is a small barn with power and gas that could house horses. This unique property offers a rare opportunity to own luxury real estate with limitless possibilities, all situated in a prime location. Do not enter property without an appointment.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
Suite - Illegal
Home Style:
2 Storey, Acreage with Residence
Total Living Area:
3,694.6 sq. ft.
Main Level Finished Area:
2,241.29 sq. ft.
Upper Level Finished Area:
1,453.31 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,875.81 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
153 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:
East
Reg. Size:
Reg. Size Includes:
Unit Exposure:
East
Floor Location:
Below Grade
Levels:
Two
Total Rooms Above Grade:
9
Year built:
1998 (Age: 26)
Bedrooms:
5 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
1
Bathrooms:
5.0 (Full:4, Half:1)
Heating:
Forced Air, Natural Gas
Basement:
Separate/Exterior Entry, Finished, Full, Walk-Out To Grade
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, Cement Fiber Board, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Hardwood
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Gas
Water Supply:
Well
Sewer:
Septic Tank
Garage:
1
Garage Spaces:
3
Parking:
Triple Garage Attached
Laundry Features:
In Basement, Main Level
NONE
Bar Fridge, Built-In Gas Range, Built-In Oven, Central Air Conditioner, Dishwasher, Microwave, Refrigerator, Washer/Dryer, Window Coverings
Greenhouse, Sea-Can, Racking Equipment, Playhouse, Red Shed, Sauna, BBQ
Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Living Room
17' × 16'9"
Main Floor
Kitchen
19'1" × 16'10"
Main Floor
Pantry
5'11" × 4'1"
Main Floor
Wine Cellar
4'1" × 4'
Main Floor
Dining Room
16'9" × 12'4"
Main Floor
Bedroom - Primary
16'10" × 13'8"
Main Floor
Walk-In Closet
8'4" × 4'8"
Main Floor
Walk-In Closet
11'5" × 5'4"
Main Floor
Bedroom
13'1" × 13'
Main Floor
Foyer
11'4" × 7'9"
Main Floor
Mud Room
10'11" × 9'11"
Main Floor
Laundry
5' × 3'3"
Upper Level
Bonus Room
27' × 20'5"
Upper Level
Nook
16'3" × 9'
Upper Level
Bedroom
16'3" × 12'10"
Upper Level
Bedroom
16'3" × 13'
Lower Level
Family Room
20'9" × 16'11"
Lower Level
Kitchen
13'10" × 12'
Lower Level
Dining Room
18'2" × 16'
Lower Level
Bedroom
17' × 12'4"
Lower Level
Laundry
9'2" × 7'11"
Lower Level
Furnace/Utility Room
16'4" × 7'4"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
4
8'6" x 20'5"
Main Floor
No
2
4'11" x 5'5"
Upper Level
Yes
4
4'11" x 10'6"
Upper Level
Yes
4
4'11" x 10'8"
Lower Level
No
4
12' x 15'
Title to Land:
Fee Simple
Community Features:
Other
Interior Features:
Built-in Features, Central Vacuum, Jetted Tub, Kitchen Island, Open Floorplan, Sauna, Skylight(s), Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar
Exterior Features:
BBQ gas line, Built-in Barbecue, Fire Pit, Lighting
Patio And Porch Features:
Deck, Front Porch, Pergola
Lot Features:
Creek/River/Stream/Pond, Gazebo, Landscaped, Underground Sprinklers, Pasture
Waterfront Features:
Pond
Num. of Parcels:
0
Outbuildings:
2 Storey
Fencing:
Cross Fenced, Fenced
Nearest Town:
Okotoks
Region:
Foothills County
Zoning:
A
Listed Date:
Jun 19, 2024
Days on Mkt:
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Listed by RE/MAX Key
Data was last updated November 14, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
82
Avg list price:
$1,957,000
Min list price:
$899,000
Max list price:
$14,900,000
Avg days on market:
75
Min days on market:
6
Max days on market:
558
Avg price per sq.ft.:
$663.82
These statistics are generated based on the current listing's property type and located in Rural Foothills County. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706