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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224A Township Road
A-4640 Rural Special Areas No. 2 T0J 0H0

$14,500,000
Agri-Business 2,286 sq. ft. built: 2007

Main Photo: 224A Township Road in Rural Special Areas No. 2: A-4640 Agriculture for sale : MLS®# A1203778
Photo 1: 224A Township Road in Rural Special Areas No. 2: A-4640 Agriculture for sale : MLS®# A1203778
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Status:
Active
Prop. Type:
Agri-Business
MLS® Num:
A1203778
Year Built:
2007
Presenting “Minor Cattle Company Ltd.” Share Purchase, consisting of 1112 acres of deeded land, 20,137 acres of leased land in 3 different grazing leases and a 40 acre deeded homeplace that borders the Red Deer River. The Ranch is situated on the beautiful Red Deer River and there is approximately 20 miles of riverfront. There is river bush; Chokecherries, Saskatoon berries, Snowberry bushes and wild roses. The prairie range is covered with good short grass, brome, gramma grass and crested wheat. There are at least three kinds of sage brush and numerous cactus plants and sand dunes. The ranch offers a cross-section of flora and fauna on the whole Red Deer River. There is elk, moose, deer and antelope, coyotes, beaver, birds and many more animaI species. The 40 acre homeplace offers the following: A 2007 1 1/2 story home with 2286 sq.ft of living, 40'x 32' detached garage, 48' x 32' heated shop, 1958 bungalow offering 1348 sq.ft that is currently rented out, a 1940's one bedroom bungalow, numerous sundry outbuildings and corrals with 4 automatic waters. There is surface lease revenue on the grazing leases with information available in the brochure. Ask your Realtor to print you a copy of the brochure.
Property Type:
Agri-Business
Property Sub Type:
Agriculture
Transaction Type:
For Sale
Possession:
Possession Date:
Home Style:
1 and Half Storey
Current Use:
Agricultural, Grazing, Pasture
Major Use Description:
Beef
Total Living Area:
2,286 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
21,289 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 and One Half
Year built:
2007 (Age: 17)
Bathrooms:
- (Full:-, Half:-)
Heating:
Forced Air, Natural Gas
Basement:
See Remarks, Unfinished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Metal
Ensuite:
No
Flooring:
Carpet, Hardwood, Linoleum
Cooling:
Central Air
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached, Garage Door Opener, Gravel Driveway, Insulated
NONE
Equipment List to be provided
Easement Registered On Title, Surface Right of Way, Utility Right Of Way
Title to Land:
Fee Simple
Interior Features:
Kitchen Island, No Smoking Home, Open Floorplan, Pantry, Vinyl Windows
Lot Features:
Brush, Native Plants, Pasture, Rolling Slope, Waterfront
Waterfront Features:
River Front
Access To Property:
Gravel Road
Num. of Parcels:
0
Outbuildings:
Shed, Bungalow, Other, Workshop
Fencing:
Fenced
Nearest Town:
Bindloss
Region:
Special Area 2
Zoning:
AG
Listed Date:
Apr 05, 2022
Days on Mkt:
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Listed by Lively Realty Ltd.
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Diane Richardson
Cell: 403-397-3706