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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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649 Cottageclub Bend
Rural Rocky View MD Rural Rocky View County T4C 1B1

$799,000
Residential beds: 3 baths: 3.0 1,126 sq. ft. built: 2024

Main Photo: 649 Cottageclub Bend in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2165850
Photo 1: 649 Cottageclub Bend in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2165850
Photo 2: 649 Cottageclub Bend in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2165850
Photo 3: 649 Cottageclub Bend in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2165850
Photo 4: 649 Cottageclub Bend in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2165850
Photo 5: 649 Cottageclub Bend in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2165850
Photo 6: 649 Cottageclub Bend in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2165850
Photo 7: 649 Cottageclub Bend in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2165850
Photo 8: 649 Cottageclub Bend in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2165850
Photo 9: 649 Cottageclub Bend in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2165850
Photo 10: 649 Cottageclub Bend in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2165850
Photo 11: 649 Cottageclub Bend in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2165850
Photo 12: 649 Cottageclub Bend in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2165850
Photo 13: 649 Cottageclub Bend in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2165850
Photo 14: 649 Cottageclub Bend in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2165850
Photo 15: 649 Cottageclub Bend in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2165850
Photo 16: 649 Cottageclub Bend in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2165850
Photo 17: 649 Cottageclub Bend in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2165850
Photo 18: 649 Cottageclub Bend in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2165850
Photo 19: 649 Cottageclub Bend in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2165850
Photo 20: 649 Cottageclub Bend in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2165850
Photo 21: 649 Cottageclub Bend in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2165850
Photo 22: 649 Cottageclub Bend in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2165850
Photo 23: 649 Cottageclub Bend in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2165850
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2165850
Bedrooms:
3
Bathrooms:
3
Year Built:
2024
Located in the coveted new phase of CottageClub, this brand new 3-bedroom, 2.5-bathroom home by Braemyn Homes is a masterpiece of quality and attention to detail. Nestled on one of the exclusive walkout lots, this property offers an unparalleled living experience with breathtaking views of the Rocky Mountains. From the moment you step inside, you'll be captivated by the meticulous craftsmanship and thoughtful design that defines this exceptional home. The open-concept living area is bathed in natural light, thanks to oversized windows that perfectly frame the stunning mountain vistas. The living room flows seamlessly into a state-of-the-art kitchen, complete with top-of-the-line stainless steel appliances, sleek quartz countertops, and a generous island that's perfect for both meal prep and casual dining. Upstairs, the master suite serves as a peaceful retreat with its spacious layout, luxurious ensuite bathroom, and ample walk-in closet. Two additional bedrooms provide plenty of space for family, guests, or a home office. The main bathroom features modern fixtures and finishes, ensuring comfort and style for everyone. One of the standout features of this home is the elevated deck, accessible from the main living area. Imagine sipping your morning coffee or hosting evening gatherings while enjoying the panoramic views of the Rockies. The walk-out basement offers additional living space and direct access to the backyard, making it ideal for entertaining or creating a private oasis. Set in the charming community of CottageClub, residents have access to a range of amenities, including a clubhouse, swimming pool, and private beach. This property not only promises an exceptional living experience but also a lifestyle of relaxation and luxury. Don't miss the opportunity to make this extraordinary home your own.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Bare Land
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
1 and Half Storey
Total Living Area:
1,126 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$227.00
Condo Fee Includes:
Amenities of HOA/Condo, Caretaker, Common Area Maintenance, Professional Management, Reserve Fund Contributions, Snow Removal, Trash, Water
HOA Fee Includes:
Lot Area:
4,849 sq. ft.
Lot Frontage:
47'10½"
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:
1
Year built:
2024 (Age: 0)
Bedrooms:
3 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
2
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
2111703
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Cement Fiber Board, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Vinyl Plank
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas
Water Supply:
Private
Sewer:
Holding Tank
Garage:
0
Parking:
Off Street
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
In Basement
Condo Fee Frequency:
Monthly
Cottage Club Ghost Lake Inc.
Cottage Club at Ghost Lake
Beach Access, Clubhouse, Coin Laundry, Community Gardens, Fitness Center, Indoor Pool, Park, Picnic Area, Playground, Pool, Racquet Courts, Recreation Room, Snow Removal, Spa/Hot Tub, Trash
Built-In Refrigerator, Dishwasher, Electric Oven, Induction Cooktop, Microwave
recreational centre wristbands.
Architectural Guidelines, Building Design Size, Pets Allowed, Short Term Rentals Not Allowed
Yes
Floor
Type
Size
Other
2nd Floor
Bedroom - Primary
12'11" × 11'
Basement
Bedroom
12'8" × 8'7"
Basement
Bedroom
12'8" × 8'7"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'11" x 4'11"
2nd Floor
Yes
5
7'8" x 13'8"
Basement
No
4
4'11" x 8'7"
Title to Land:
Fee Simple
Community Features:
Clubhouse, Gated, Lake, Park, Playground, Pool, Tennis Court(s), Walking/Bike Paths
Interior Features:
Breakfast Bar, Kitchen Island, Quartz Counters, Recreation Facilities
Exterior Features:
Gas Grill
Patio And Porch Features:
Front Porch, Rear Porch
Lot Features:
Backs on to Park/Green Space, Sloped Down
Num. of Parcels:
0
Fencing:
None
Nearest Town:
Cochrane
Region:
Rocky View County
Zoning:
DC123
Listed Date:
Sep 14, 2024
Days on Mkt:
  • Photo 1: 649 Cottageclub Bend in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2165850
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Listed by eXp Realty
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
172
Avg list price:
$1,749,900
Min list price:
$419,000
Max list price:
$14,300,000
Avg days on market:
67
Min days on market:
1
Max days on market:
1,268
Avg price per sq.ft.:
$648.14
These statistics are generated based on the current listing's property type and located in Rural Rocky View MD. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706