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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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360010 Range Road 4-3
NONE Rural Clearwater County T4G 0L7

$910,000
Residential beds: 4 baths: 2.0 2,282 sq. ft. built: 1986

Main Photo: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
Photo 1: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
Photo 2: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
Photo 3: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
Photo 4: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
Photo 5: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
Photo 6: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
Photo 7: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
Photo 8: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
Photo 9: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
Photo 10: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
Photo 11: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
Photo 12: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
Photo 13: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
Photo 14: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
Photo 15: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
Photo 16: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
Photo 17: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
Photo 18: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
Photo 19: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
Photo 20: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
Photo 21: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
Photo 22: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
Photo 23: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
Photo 24: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
Photo 25: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
Photo 26: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
Photo 27: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
Photo 28: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
Photo 29: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
Photo 30: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
Photo 31: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
Photo 32: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
Photo 33: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
Photo 34: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
Photo 35: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
Photo 36: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
Photo 37: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2111071
Bedrooms:
4
Bathrooms:
2
Year Built:
1986
Welcome to your charming country retreat! Nestled on nearly 156 acres of picturesque Alberta landscape, this 4-bedroom two-story country home offers private country living at it’s finest. As you arrive, you'll be captivated by the private driveway and the gentle upslope of the land, perfect for pasturing animals. Old-world charm envelops the property, complete with an aged barn, corral system, gardens and a pond - instantly offering a slice of countryside tranquility. Step inside, and you'll discover a world of comfort and convenience. The spacious mudroom beckons you in, leading seamlessly to a laundry room equipped with a handy sink, laundry chute and an adjacent washroom—every farmer's dream setup. Continuing into the heart of the home, you're greeted by expansive living spaces adorned with custom touches. The beautifully lit country kitchen boasts newly installed custom cupboard fronts, ample storage, and a generous dining area, perfect for hosting gatherings of family and friends. The living room offers a cozy retreat with a lovely window overlooking the property. Adjacent to the living room, a versatile space awaits—currently used as an office or easily converted into an extra bedroom, the choice is yours. Upstairs, the charm continues with a large primary bedroom featuring a walk-in closet and a bonus room, ideal for a cozy sitting area, nursery, or craft room. Two additional bedrooms and a well-appointed bathroom complete the upper level, providing ample space for family and guests. Outside, you’ll find a meticulously kept yard featuring storage sheds, a canvas-covered vehicle shelter, a greenhouse, well built garden beds and both a covered front porch and a back deck – perfect for BBQing and entertaining. This property exudes thoughtful maintenance and care. The exterior boasts a maintenance-free composite deck on the front of the house, rubber shingled roofing, and new energy-efficient vinyl windows, ensuring peace of mind for years to come. The crawl space has been engineered for safety and efficiency with professionally installed radon prevention and the foundation has a recent engineering certificate. The property is fenced, cross-fenced and fully set up for animals with pens, and automatic water. The 32’X56’ shop has gravel floor and 220V power – perfect for working, with ample room for storing toys. School bus picks up at the end of the driveway, and goes to the fantastic K-12 school in Spruce View. Escape the hustle and bustle and embrace the serenity of country living – this charming property has it all.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey, Acreage with Residence
Total Living Area:
2,282 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
156 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:
Northeast
Reg. Size:
Reg. Size Includes:
Levels:
Two
Total Rooms Above Grade:
8
Year built:
1986 (Age: 38)
Bedrooms:
4 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Heating:
In Floor
Basement:
None
Foundation:
Wood
New Constr.:
No
Construction Material:
Mixed
Structure Type:
House
Roof:
Rubber
Ensuite:
No
Flooring:
Carpet, Linoleum
Cooling:
None
Fireplaces:
0
Water Supply:
Well
Sewer:
Open Discharge, Septic Tank
Garage:
0
Parking:
Off Street
Laundry Features:
Laundry Room
NONE
Dishwasher, Electric Stove, Microwave, Range Hood, Refrigerator, Washer/Dryer
greenhouse, iron filter, window coverings, canvas car shelter
None Known
Floor
Type
Size
Other
Main Floor
Kitchen
12'2" × 11'6"
Main Floor
Dining Room
12'2" × 10'
Main Floor
Family Room
16'3" × 15'6"
Main Floor
Living Room
18' × 14'6"
Main Floor
Bedroom
13'2" × 12'2"
2nd Floor
Bedroom
17'11" × 13'2"
2nd Floor
Bedroom - Primary
19'7" × 13'2"
2nd Floor
Bedroom
13'8" × 10'5"
Floor
Ensuite
Pieces
Other
Main Floor
No
3
5'2" x 8'5"
2nd Floor
No
4
10'6" x 6'7"
Title to Land:
Fee Simple
Community Features:
Other
Interior Features:
Ceiling Fan(s), Central Vacuum, Vinyl Windows
Exterior Features:
Garden
Patio And Porch Features:
Deck, Front Porch, See Remarks
Lot Features:
Back Yard, Backs on to Park/Green Space, Conservation, Creek/River/Stream/Pond, Farm, Many Trees, Private
Num. of Parcels:
0
Fencing:
Cross Fenced, Fenced
Nearest Town:
Spruce View
Region:
Clearwater County
Zoning:
AG
Listed Date:
Feb 27, 2024
Days on Mkt:
  • Photo 1: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
    Photo 1 of 37
  • Photo 2: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
    Kitchen
  • Photo 3: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
    Dining Room
  • Photo 4: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
    Dining Room
  • Photo 5: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
    Kitchen
  • Photo 6: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
    Dining Room
  • Photo 7: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
    Primary Bedroom
  • Photo 8: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
    Primary Bedroom
  • Photo 9: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
    Primary Bedroom
  • Photo 10: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
    Upstairs Bathroom
  • Photo 11: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
    Upstairs Bathroom
  • Photo 12: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
    Bonus Room off of Primary
  • Photo 13: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
    2nd Upstairs Bedroom
  • Photo 14: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
    3rd Upstairs Bedroom
  • Photo 15: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
    3rd upstairs Bedroom
  • Photo 16: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
    Living room
  • Photo 17: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
    Living Room
  • Photo 18: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
    Living Room
  • Photo 19: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
    Office on Main Story
  • Photo 20: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
    Office on Main Story
  • Photo 21: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
    Family Room
  • Photo 22: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
    Family Room
  • Photo 23: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
    Main Story Bathroom
  • Photo 24: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
    Laundry Room
  • Photo 25: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
    Yard Looking North West
  • Photo 26: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
    Back of House
  • Photo 27: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
    Front of House during summer months
  • Photo 28: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
    Photo 28 of 37
  • Photo 29: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
    Gardens
  • Photo 30: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
    Front View of home with covered composit porch
  • Photo 31: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
    Back Deck
  • Photo 32: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
    Maintenance Room
  • Photo 33: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
    Mudroom
  • Photo 34: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
    Crawl Space with radon liner
  • Photo 35: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
    Crawl Space Liner
  • Photo 36: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
    Barn
  • Photo 37: 360010 Range Road 4-3: Rural Clearwater County Detached for sale : MLS®# A2111071
    Shop - Powered
Listed by eXp Realty
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
42
Avg list price:
$764,900
Min list price:
$199,999
Max list price:
$5,200,000
Avg days on market:
79
Min days on market:
4
Max days on market:
496
Avg price per sq.ft.:
$471.97
These statistics are generated based on the current listing's property type and located in Rural Clearwater County. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706