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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When contacting me, please ensure to include the property address or MLS® number for the listing you are interested in. I look forward to hearing from you!

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ON Highway 771
NONE Rural Ponoka County T0C 2J0

$2,500,000
Land

half section with Gull Lake in background
Photo 1: ON Highway 771: Rural Ponoka County Residential Land for sale : MLS®# A2063721
Photo 2: ON Highway 771: Rural Ponoka County Residential Land for sale : MLS®# A2063721
Photo 3: ON Highway 771: Rural Ponoka County Residential Land for sale : MLS®# A2063721
Photo 4: ON Highway 771: Rural Ponoka County Residential Land for sale : MLS®# A2063721
Photo 5: ON Highway 771: Rural Ponoka County Residential Land for sale : MLS®# A2063721
Photo 6: ON Highway 771: Rural Ponoka County Residential Land for sale : MLS®# A2063721
Photo 7: ON Highway 771: Rural Ponoka County Residential Land for sale : MLS®# A2063721
Photo 8: ON Highway 771: Rural Ponoka County Residential Land for sale : MLS®# A2063721
Photo 9: ON Highway 771: Rural Ponoka County Residential Land for sale : MLS®# A2063721
Photo 10: ON Highway 771: Rural Ponoka County Residential Land for sale : MLS®# A2063721
Photo 11: ON Highway 771: Rural Ponoka County Residential Land for sale : MLS®# A2063721
Photo 12: ON Highway 771: Rural Ponoka County Residential Land for sale : MLS®# A2063721
Status:
Active
Prop. Type:
Land
MLS® Num:
A2063721
The property’s location, physical and development attributes, as well as its possible future uses create an excellent opportunity for a comprehensive development that supports the residential and recreational needs of an ever growing population in this area. Located just north of Parkland Beach at the north end of Gull Lake. Close to the Marina & boat launch, playground, Jorgy's Store & Liquor store, laundromat, the public beach and a beautiful golf course. Currently there are 3 separate land titles offered for sale on this half section of land that borders the north end of Gull Lake. The 4.7 acre acreage was subdivided out of the NW quarter, and the NE 151.65 acres is an unsubdivided quarter as it touches the edge of the lake. All three titles total 309.87+/- acres and are being offered as one parcel for sale. The land has been used as pasture in the past, but could also be cultivated and farmed for crops. So many possibilities!! This property sits within the West Gull Lake Overview Plan and is zoned CR - ready for development. See documents in Supplements. Talk to the county about the number of lots that can be created here. Ponoka County is very good to work with! Sells with LINC 0032276230 and LINC 0024838971.
Property Type:
Land
Property Sub Type:
Residential Land
Transaction Type:
For Sale
Possession:
Possession Date:
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
310 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:
Bathrooms:
- (Full:-, Half:-)
Ensuite:
No
Garage:
0
NONE
None
None Known
Title to Land:
Fee Simple
Lot Features:
Farm, Lake, No Neighbours Behind, Near Golf Course, Pasture, See Remarks
Waterfront Features:
See Remarks, Lake Front
Access To Property:
Direct Access
Num. of Parcels:
1
Outbuildings:
None
Fencing:
Cross Fenced
Nearest Town:
Rimbey
Region:
Ponoka County
Zoning:
CR
Listed Date:
Jul 07, 2023
Days on Mkt:
  • Photo 1: ON Highway 771: Rural Ponoka County Residential Land for sale : MLS®# A2063721
    half section with Gull Lake in background
  • Photo 2: ON Highway 771: Rural Ponoka County Residential Land for sale : MLS®# A2063721
    Photo 2 of 12
  • Photo 3: ON Highway 771: Rural Ponoka County Residential Land for sale : MLS®# A2063721
    Photo 3 of 12
  • Photo 4: ON Highway 771: Rural Ponoka County Residential Land for sale : MLS®# A2063721
    Photo 4 of 12
  • Photo 5: ON Highway 771: Rural Ponoka County Residential Land for sale : MLS®# A2063721
    entering the property
  • Photo 6: ON Highway 771: Rural Ponoka County Residential Land for sale : MLS®# A2063721
    Photo 6 of 12
  • Photo 7: ON Highway 771: Rural Ponoka County Residential Land for sale : MLS®# A2063721
    Photo 7 of 12
  • Photo 8: ON Highway 771: Rural Ponoka County Residential Land for sale : MLS®# A2063721
    Photo 8 of 12
  • Photo 9: ON Highway 771: Rural Ponoka County Residential Land for sale : MLS®# A2063721
    Photo 9 of 12
  • Photo 10: ON Highway 771: Rural Ponoka County Residential Land for sale : MLS®# A2063721
    Photo 10 of 12
  • Photo 11: ON Highway 771: Rural Ponoka County Residential Land for sale : MLS®# A2063721
    shows approximate boundary and location north of Parkland Beach area.
  • Photo 12: ON Highway 771: Rural Ponoka County Residential Land for sale : MLS®# A2063721
    Parkland Beach area
Listed by Realty Executives Alberta Elite
Data was last updated November 14, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
75
Avg list price:
$168,000
Min list price:
$80,000
Max list price:
$2,500,000
Avg days on market:
181
Min days on market:
10
Max days on market:
2,753
Avg price per sq.ft.:
$3.78
These statistics are generated based on the current listing's property type and located in Rural Ponoka County. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706