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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37348 Range Road 23
NONE Rural Red Deer County T0M 1M0

$959,000
Agri-Business beds: 4 baths: 1.0 1,169 sq. ft. built: 1965

Main Photo: 37348 Range Road 23: Rural Red Deer County Agriculture for sale : MLS®# A2148880
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Status:
Active
Prop. Type:
Agri-Business
MLS® Num:
A2148880
Bedrooms:
4
Bathrooms:
1
Year Built:
1965
Presenting an unparalleled opportunity to own an expansive 159.44-acre estate, encompassing 93.48 acres of fertile cropland and 56.24 acres of picturesque, treed pasture. This exceptional property generates $4,000 annually in surface lease revenue. At the heart of this vast expanse is a charming 1965 detached bungalow that seamlessly combines vintage character with contemporary updates. Step inside to discover a spacious main floor of 1168.65 square feet, featuring 4 cozy bedrooms and a well-appointed bathroom. The home was thoughtfully expanded in 1970, and the basement, added in 1972, provides an additional 783.53 square feet of versatile space. The property boasts a newly installed roof as of 2022, ensuring peace of mind for years to come. The heart of the home is the inviting kitchen, offering ample counter space and warm wood cabinetry. Adjacent is a comfortable living area, perfect for family gatherings or quiet evenings in. The bungalow is complemented by a 24x32 heated detached garage, ideal for those cold winter months. Equestrian enthusiasts and hobby farmers alike will appreciate the two barns and two metal sheds, providing ample storage and functionality. The extensive land and facilities open up endless possibilities for farming, livestock, or simply enjoying the great outdoors. Location is key, and this property delivers! Situated just 20 minutes from the charming town of Sylvan Lake, 25 minutes from the picturesque Half Moon Bay, and 30 minutes from the vibrant city of Red Deer, you have the perfect balance of rural tranquility and convenient access to nearby amenities. This unique property is more than just a home; it’s a lifestyle. Experience the best of country living with the added benefits of significant land, income potential, and the comfort of a well-loved home.
Property Type:
Agri-Business
Property Sub Type:
Agriculture
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bi-Level
Current Use:
Agricultural, Pasture
Major Use Description:
Mixed
Total Living Area:
1,168.65 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
159.44 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:
Levels:
One
Total Rooms Above Grade:
6
Year built:
1965 (Age: 59)
Bedrooms:
4 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
2
Bathrooms:
1.0 (Full:1, Half:0)
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Block
New Constr.:
No
Construction Material:
Concrete, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Linoleum
Cooling:
None
Water Supply:
Well
Sewer:
Open Discharge
Utilities:
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Garage:
1
Garage Spaces:
1
Parking:
Gravel Driveway, Outside, Single Garage Detached
Parking Places:
1.0
Parking Total/Covered:
1 / -
NONE
Freezer, Refrigerator, Stove(s), Washer/Dryer
Window Coverings
Surface Right of Way, Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Living Room
19'2" × 13'3"
Main Floor
Kitchen
13'2" × 10'9"
Main Floor
Dining Room
12'10" × 11'7"
Main Floor
Mud Room
9'3" × 7'9"
Main Floor
Bedroom - Primary
11'8" × 8'10"
Main Floor
Bedroom
11'6" × 9'
Main Floor
Foyer
12'10" × 6'10"
Basement
Bedroom
11'7" × 9'3"
Basement
Bedroom
11'11" × 9'3"
Basement
Game Room
18'8" × 11'10"
Basement
Storage
6'10" × 6'1"
Basement
Storage
18'8" × 12'2"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
5'3" x 7'
Title to Land:
Fee Simple
Interior Features:
Laminate Counters
Exterior Features:
Private Entrance, Private Yard
Lot Features:
Low Maintenance Landscape, Pasture, Treed
Access To Property:
Gravel Road
Num. of Parcels:
0
Outbuildings:
Shed, Barn, Quonset
Soil Type:
Mixed Soil Type
Nearest Town:
Sylvan Lake
Region:
Red Deer County
Zoning:
AG
Listed Date:
Aug 26, 2024
Days on Mkt:
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Virtual Tour

Virtual Tour

Listed by RE/MAX real estate central alberta
Data was last updated November 10, 2024 at 02:05 PM (UTC)
Area Statistics
Listings on market:
17
Avg list price:
$1,500,000
Min list price:
$525,000
Max list price:
$4,750,000
Avg days on market:
163
Min days on market:
68
Max days on market:
628
Avg price per sq.ft.:
$1,046.29
These statistics are generated based on the current listing's property type and located in Rural Red Deer County. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706