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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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232 Woodhaven Drive
Woodhaven Okotoks T1S 1S7

$649,900
Residential beds: 4 baths: 4.0 1,853 sq. ft. built: 1999

Main Photo: 232 Woodhaven Drive: Okotoks Detached for sale : MLS®# A2176972
Photo 1: 232 Woodhaven Drive: Okotoks Detached for sale : MLS®# A2176972
Photo 2: 232 Woodhaven Drive: Okotoks Detached for sale : MLS®# A2176972
Photo 3: 232 Woodhaven Drive: Okotoks Detached for sale : MLS®# A2176972
Photo 4: 232 Woodhaven Drive: Okotoks Detached for sale : MLS®# A2176972
Photo 5: 232 Woodhaven Drive: Okotoks Detached for sale : MLS®# A2176972
Photo 6: 232 Woodhaven Drive: Okotoks Detached for sale : MLS®# A2176972
Photo 7: 232 Woodhaven Drive: Okotoks Detached for sale : MLS®# A2176972
Photo 8: 232 Woodhaven Drive: Okotoks Detached for sale : MLS®# A2176972
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Photo 34: 232 Woodhaven Drive: Okotoks Detached for sale : MLS®# A2176972
Photo 35: 232 Woodhaven Drive: Okotoks Detached for sale : MLS®# A2176972
Photo 36: 232 Woodhaven Drive: Okotoks Detached for sale : MLS®# A2176972
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2176972
Bedrooms:
4
Bathrooms:
4
Year Built:
1999
Welcome to your dream home in the sought-after family neighborhood of Woodhaven! This stunning property features a spacious front porch, perfect for enjoying your morning coffee or relaxing with friends. The large backyard, complete with alley access, offers plenty of room for outdoor activities and additional storage, and it includes a convenient dog run for your furry family members. The front attached garage provides convenient and accessible parking. Inside, you'll find an inviting open concept layout that flows seamlessly, making it ideal for gatherings and family time. Cozy up by the gas fireplace during those chilly winter evenings, or take advantage of the versatile main floor office, den, or playroom—perfect for work or play. This home boasts four bedrooms and three plus one bathrooms, providing ample space for family and guests. The luxurious primary bedroom is a true retreat, featuring a generous walk-in closet and an ensuite bathroom complete with a relaxing soaker tub and a separate shower. The finished basement offers additional living space for games, movies, or visitors. Located near Foothills Composite High School and John Paul II, this home is perfectly situated for families. Enjoy easy access to shopping and amenities, as well as nearby Okotoks walking paths and the beautiful river area. The large back deck is ideal for entertaining or simply relaxing in your private backyard. Don’t miss this fantastic opportunity to own a beautiful home in Woodhaven! Contact us today for a private showing!
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
Total Living Area:
1,852.85 sq. ft.
Main Level Finished Area:
963 sq. ft.
Upper Level Finished Area:
889.85 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
941 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,074 sq. ft.
Lot Frontage:
13'10"
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:
West
Reg. Size:
Reg. Size Includes:
Levels:
Two
Total Rooms Above Grade:
7
Year built:
1999 (Age: 25)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
9813077
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stone, Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Laminate
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached, Driveway
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Laundry Room, Main Level
Woodhaven
Dishwasher, Electric Stove, Garage Control(s), Range Hood, Refrigerator, See Remarks, Washer/Dryer, Window Coverings
Shed, dog run
Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Entrance
8'1" × 6'10"
Main Floor
Living Room
16' × 15'
Main Floor
Dining Room
15'6" × 9'10"
Main Floor
Kitchen
13' × 9'1"
Main Floor
Office
11'5" × 11'5"
Main Floor
Laundry
7'5" × 7'5"
2nd Floor
Bedroom - Primary
15'7" × 11'5"
2nd Floor
Bedroom
12'5" × 11'5"
2nd Floor
Bedroom
12'3" × 10'8"
Basement
Game Room
19'7" × 14'9"
Basement
Flex Space
11'8" × 10'6"
Basement
Bedroom
10'1" × 10'
Basement
Furnace/Utility Room
14'1" × 11'10"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
8'1" x 2'6"
2nd Floor
Yes
4
12' x 9'2"
2nd Floor
No
4
8'5" x 4'11"
Basement
No
4
8'3" x 7'7"
Title to Land:
Fee Simple
Community Features:
Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Kitchen Island, Pantry, Walk-In Closet(s)
Exterior Features:
Dog Run
Patio And Porch Features:
Deck, Front Porch
Lot Features:
Back Lane, Back Yard, Dog Run Fenced In, Gazebo, Low Maintenance Landscape
Num. of Parcels:
0
Outbuildings:
Shed
Fencing:
Fenced
Region:
Foothills County
Zoning:
R1
Listed Date:
Nov 02, 2024
Days on Mkt:
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Listed by Real Broker
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
93
Avg list price:
$650,000
Min list price:
$215,000
Max list price:
$3,995,000
Avg days on market:
34
Min days on market:
1
Max days on market:
254
Avg price per sq.ft.:
$383.53
These statistics are generated based on the current listing's property type and located in Okotoks. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706