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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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8 Crystal Shores Cove
Crystal Shores Okotoks T1S 2B3

$410,000
Residential beds: 3 baths: 3.0 1,335 sq. ft. built: 2001

SOLD OVER THE LISTING PRICE!
Main Photo: 8 Crystal Shores Cove: Okotoks Row/Townhouse for sale : MLS®# A2143238
Photo 1: 8 Crystal Shores Cove: Okotoks Row/Townhouse for sale : MLS®# A2143238
Photo 2: 8 Crystal Shores Cove: Okotoks Row/Townhouse for sale : MLS®# A2143238
Photo 3: 8 Crystal Shores Cove: Okotoks Row/Townhouse for sale : MLS®# A2143238
Photo 4: 8 Crystal Shores Cove: Okotoks Row/Townhouse for sale : MLS®# A2143238
Photo 5: 8 Crystal Shores Cove: Okotoks Row/Townhouse for sale : MLS®# A2143238
Photo 6: 8 Crystal Shores Cove: Okotoks Row/Townhouse for sale : MLS®# A2143238
Photo 7: 8 Crystal Shores Cove: Okotoks Row/Townhouse for sale : MLS®# A2143238
Photo 8: 8 Crystal Shores Cove: Okotoks Row/Townhouse for sale : MLS®# A2143238
Photo 9: 8 Crystal Shores Cove: Okotoks Row/Townhouse for sale : MLS®# A2143238
Photo 10: 8 Crystal Shores Cove: Okotoks Row/Townhouse for sale : MLS®# A2143238
Photo 11: 8 Crystal Shores Cove: Okotoks Row/Townhouse for sale : MLS®# A2143238
Photo 12: 8 Crystal Shores Cove: Okotoks Row/Townhouse for sale : MLS®# A2143238
Photo 13: 8 Crystal Shores Cove: Okotoks Row/Townhouse for sale : MLS®# A2143238
Photo 14: 8 Crystal Shores Cove: Okotoks Row/Townhouse for sale : MLS®# A2143238
Photo 15: 8 Crystal Shores Cove: Okotoks Row/Townhouse for sale : MLS®# A2143238
Photo 16: 8 Crystal Shores Cove: Okotoks Row/Townhouse for sale : MLS®# A2143238
Photo 17: 8 Crystal Shores Cove: Okotoks Row/Townhouse for sale : MLS®# A2143238
Photo 18: 8 Crystal Shores Cove: Okotoks Row/Townhouse for sale : MLS®# A2143238
Photo 19: 8 Crystal Shores Cove: Okotoks Row/Townhouse for sale : MLS®# A2143238
Photo 20: 8 Crystal Shores Cove: Okotoks Row/Townhouse for sale : MLS®# A2143238
Photo 21: 8 Crystal Shores Cove: Okotoks Row/Townhouse for sale : MLS®# A2143238
Photo 22: 8 Crystal Shores Cove: Okotoks Row/Townhouse for sale : MLS®# A2143238
Photo 23: 8 Crystal Shores Cove: Okotoks Row/Townhouse for sale : MLS®# A2143238
Photo 24: 8 Crystal Shores Cove: Okotoks Row/Townhouse for sale : MLS®# A2143238
Photo 25: 8 Crystal Shores Cove: Okotoks Row/Townhouse for sale : MLS®# A2143238
Photo 26: 8 Crystal Shores Cove: Okotoks Row/Townhouse for sale : MLS®# A2143238
Status:
Sold
Sold Date:
Jul 09, 2024
Listed Price:
$409,999
Sold Price:
$410,000
Sold in:
17 days
Prop. Type:
Residential
MLS® Num:
A2143238
Bedrooms:
3
Bathrooms:
3
Year Built:
2001
If you've been looking for a bight, airy, 3 bedroom property with LAKE ACCESS... here it is! As you enter this 1335 sqft END UNIT youll notice the rich plank flooring and neutral paint that leads you up into the bright white kitchen with large west facing windows, corner pantry, ample cabinetry, and soaring ceilings with access out to the west facing deck that backs onto a quiet walking path with mature trees. The living room has a cozy corner fireplace and large windows bringing in lots of natural light, this floor also has a half bathroom with vanity for extra storage. Upstairs youll find the primary bedroom with a walk in closet and 3 pc ensuite along with 2 additional bedrooms with plank flooring and a full 4 pc bathroom with tub/shower combo and generous counter space. The laundry is located in the basement that adds lots of storage space or additional room to make it your own. The single car garage is great for added storage or winter parking. Just steps to the lake you can enjoy the beach, playground, vollyball, fishing, and club house all summer long! And dont worry about mowing the lawn or shoveling during the winter, thats all taken care of here! Book your viewing today!
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Bare Land
Transaction Type:
For Sale
Possession:
30 Days / Neg
Suite:
No
Home Style:
4 Level Split
Total Living Area:
1,335 sq. ft.
Taxes:
$2,158 / 2023
Condo Fee:
$434.00
Condo Fee Includes:
Common Area Maintenance, Maintenance Grounds, Professional Management, Reserve Fund Contributions, Snow Removal, Trash
HOA Fee Frequency:
Annually
HOA Fee Includes:
Amenities w/HOA, Lake Access
Lot Area:
2,406 sq. ft.
Lot Frontage:
0'
Front Exposure:
East
Entry Level:
1
Levels:
4 Level Split
End Unit:
1 Common Wall
Total Rooms Above Grade:
6
Year built:
2001 (Age: 23)
Bedrooms:
3
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
0212152
Heating:
Forced Air
Basement:
Full, Unfinished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding
Structure Type:
Four Plex
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Laminate
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
1
Parking:
Single Garage Attached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
HOA Fee:
$272.00
Condo Fee Frequency:
Monthly
Turnbury at Crystal Shores
Crystal Shores
Beach Access, Visitor Parking
Dishwasher, Dryer, Electric Stove, Range Hood, Refrigerator, Washer
Curtain rods & panels.
Pet Restrictions or Board approval Required
Restrictions
Floor
Type
Size
Other
Main Floor
Entrance
9'7" × 4'3"
Main Floor
Dining Room
13' × 10'
Main Floor
Kitchen
12' × 9'3"
Main Floor
Living Room
17'4" × 12'3"
Upper Level
Bedroom - Primary
14' × 12'2"
Upper Level
Bedroom
9'5" × 8'2"
Upper Level
Bedroom
9'9" × 8'3"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
Upper Level
Yes
3
Upper Level
No
4
Title to Land:
Fee Simple
Community Features:
Clubhouse, Lake, Park, Playground, Schools Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Central Vacuum, High Ceilings, Kitchen Island, Pantry, Walk-In Closet(s)
Exterior Features:
None
Patio And Porch Features:
Deck
Lot Features:
Back Yard
Num. of Parcels:
0
Fencing:
None
Region:
Foothills County
Zoning:
NC
Listed Date:
Jun 22, 2024
Days on Mkt:
17
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Data was last updated September 29, 2024 at 12:05 AM (UTC)
Diane Richardson
Cell: 403-397-3706