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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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Range Road 254
NONE Rural Vulcan County T0L 2B0

$1,174,000
Residential beds: 3 baths: 3.0 1,864 sq. ft. built: 2021

This oversized double garage is 1500sqft on 2 levels
Photo 1: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 2: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 3: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 4: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 5: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 6: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 7: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 8: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 9: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 10: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 11: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 12: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 13: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 14: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 15: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 16: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 17: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 18: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 19: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 20: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 21: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 22: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 23: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 24: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 25: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 26: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 27: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 28: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 29: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 30: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 31: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 32: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 33: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 34: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 35: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 36: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 37: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 38: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 39: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 40: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 41: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 42: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 43: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 44: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 45: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 46: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 47: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Photo 48: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2015668
Bedrooms:
3
Bathrooms:
3
Year Built:
2021
Large house, Large shop, Large property! Not very often does a property of this caliber come up for sale. The land consists of over 100 acres of natural never broke grassland that is fully fenced and cross fenced. At 1860 square feet the main area of the house will accommodate a large family or entertaining friends. An open floor plan, Vaulted ceilings, 3 bedrooms, 1.5 baths (plus en suite), family room, sitting room, fireplace, breakfast nook and kitchen make up some features of the main floor. On the west side of the house there is a 350 sq ft fully enclosed sun room with 4 skylights. Attached to the sun room is a 420 square foot deck. The front entry also has a partially covered 250 square foot deck. Down stairs has been framed with an additional 2 bedrooms, also a 3rd bedroom is possible. There is a 750 square foot double over sized attached garage on the south side of house. You can access the main level of the home from this garage. Above this garage is an additional 750 sq foot vaulted area, with deck , which is ample room for any purpose you might require. Facing east there is a triple over sized attached garage. From this space you can access the basement of the home. As you can see there are multiple options for this home; anything from hobbies, collections, home office spaces, even possible shared accommodations. Just north of the home sits the shop. At 3300 square feet on the main level and 2000 square feet on the upper level, the sky is the limit with possibilities. So whether you are into horses, cows, pigs, chickens, cars, trucks or a home business, this place is for you. Being that this property is still being worked on, there are plenty of options when it comes to finishing it out and possession. Call your favorite agent today to book an appointment!!! 2023 renovations. -All the ceilings in the home have been scraped and re textured. The whole house has been painted.The roof gables have been done with smart board. Stone corners on both attached garages. Exposed aggregate sidewalks. New exterior lights. Power, water,sewer,gas all ran to the shop.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bungalow
Total Living Area:
1,864.5 sq. ft.
Main Level Finished Area:
1,864.5 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,864.5 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
105 acre(s)
Lot Frontage:
907'
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:
East
Reg. Size:
Reg. Size Includes:
Levels:
One
Total Rooms Above Grade:
8
Year built:
2021 (Age: 3)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Heating:
High Efficiency, Fireplace(s), Forced Air, Natural Gas
Basement:
Full, Partially Finished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Metal Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Linoleum
Cooling:
None
Fireplaces:
1
Fireplace Details:
Blower Fan, Family Room, Gas, Masonry, See Remarks
Garage:
1
Garage Spaces:
5
Parking:
Double Garage Attached, Insulated, Oversized, See Remarks, Triple Garage Attached, Workshop in Garage
Parking Places:
5.0
Parking Total/Covered:
5 / -
Laundry Features:
Lower Level, Main Level
NONE
Dishwasher, Electric Stove, Gas Water Heater, Refrigerator, See Remarks
N/A
Call Lister
Floor
Type
Size
Other
Main Floor
Bedroom - Primary
24' × 11'
Main Floor
Bedroom
24' × 11'
Main Floor
Bedroom
11' × 10'
Main Floor
Family Room
16' × 12'
Main Floor
Living Room
16' × 12'
Main Floor
Kitchen
12' × 10'
Main Floor
Nook
10' × 10'
Main Floor
Dining Room
15' × 10'
Main Floor
Foyer
12' × 9'
Floor
Ensuite
Pieces
Other
Main Floor
Yes
3
0' x 0'
Main Floor
No
2
0' x 0'
Main Floor
No
4
0' x 0'
Title to Land:
Fee Simple
Community Features:
None
Interior Features:
High Ceilings, Jetted Tub, No Animal Home, No Smoking Home, Open Floorplan, See Remarks, Separate Entrance, Skylight(s), Sump Pump(s), Vaulted Ceiling(s), Walk-In Closet(s)
Exterior Features:
Private Entrance, Private Yard
Patio And Porch Features:
Deck, Enclosed, Screened, See Remarks
Lot Features:
Back Yard, Farm, Meadow, Native Plants, Pasture, Private, Views
Waterfront Features:
Pond
Num. of Parcels:
0
Outbuildings:
Equipment Storage, Barn, Shop, Workshop
Fencing:
Cross Fenced, Fenced
Nearest Town:
Brant
Region:
Vulcan County
Zoning:
AG
Listed Date:
Dec 15, 2022
Days on Mkt:
  • Photo 1: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    This oversized double garage is 1500sqft on 2 levels
  • Photo 2: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    Double over sized garage south facing. East facing deck fully skirted with smart panel.
  • Photo 3: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    East facing view of house. East facing over sized triple garage with access to the basement
  • Photo 4: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    All the gables have been done in smart panels. Led lights through out exterior of the house.
  • Photo 5: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    Extra wide exposed aggregate sidewalks. Windows have been trimmed out with western yellow pine.
  • Photo 6: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    All the decks have been built with treated lumber.
  • Photo 7: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    Extra tall windows in the house and garage.
  • Photo 8: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    8 ft garage doors. Rock corners on both garages.
  • Photo 9: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    Loads of parking with easy access in and out.
  • Photo 10: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    Upper level of this garage has 13ft vault and a 250 sq ft deck. Great views from up there.
  • Photo 11: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    looking down from the upper deck onto the sun-room and lower deck. 4 skylights in the roof of the sun-room.
  • Photo 12: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    Back deck is west facing. Fully skirted in with smart panel. Huge size at 420 sq ft.
  • Photo 13: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    An unlimited amount of options with the size and layout of place.
  • Photo 14: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    Sun-room is completely closed in with wall to wall windows, full roof ,and dura deck on the floor. The sun-room is 350 sq ft
  • Photo 15: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    Whole exterior of home has been sided in metal (gun metal grey)
  • Photo 16: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    This garage is just shy of 800 Sq Ft. Fully insulated dry-walled and painted. Electrical is all in place. Over-sized doors.
  • Photo 17: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    Age of shingles are approximately 8 years old.
  • Photo 18: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    Western Yellow pine and and smart panel in sun-room.
  • Photo 19: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    2 triple pane patio doors to enter the sun-room.
  • Photo 20: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    Deck off of sun-room. Tons of the windows open for venting and airflow.
  • Photo 21: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    Huge deck, patio doors from sun-room.
  • Photo 22: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    Front room
  • Photo 23: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    Rear family room
  • Photo 24: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    view from front door
  • Photo 25: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    Kitchen
  • Photo 26: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    View from breakfast nook
  • Photo 27: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    Main floor laundry and 2 piece bath
  • Photo 28: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    Master bedroom
  • Photo 29: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    master closet
  • Photo 30: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    master bath
  • Photo 31: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    2nd bedroom
  • Photo 32: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    4 piece bath with cheater en suite
  • Photo 33: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    3rd bedroom
  • Photo 34: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    2nd level of over-sized double garage.
  • Photo 35: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    Access to 2nd level of garage. Access from garage to the house
  • Photo 36: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    Entrance to garage from the outside.
  • Photo 37: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    basement and walkout to garage
  • Photo 38: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    Basement
  • Photo 39: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    garage
  • Photo 40: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    space above garage
  • Photo 41: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    Space above garage
  • Photo 42: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    Main bottom level of shop,18 feet high
  • Photo 43: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    Main area of shop
  • Photo 44: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    Shop mezzanine
  • Photo 45: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    East side of main floor of shop
  • Photo 46: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    East upper level of shop
  • Photo 47: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    West upper level of shop/ vaulted
  • Photo 48: Range Road 254: Rural Vulcan County Detached for sale : MLS®# A2015668
    View from west upper level of shop
Listed by Century 21 Foothills Real Estate
Data was last updated November 14, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
13
Avg list price:
$625,000
Min list price:
$199,900
Max list price:
$1,950,000
Avg days on market:
83
Min days on market:
17
Max days on market:
700
Avg price per sq.ft.:
$442.18
These statistics are generated based on the current listing's property type and located in Rural Vulcan County. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706