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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  1. Contact Form: Use the contact form on my website to send me a direct message. Please include your name, email address, and a message, and I will respond as soon as possible.

  2. Phone Number: Call me directly at 403.397.3706 with any questions or to schedule viewings.

  3. Email Address: Reach out to me at Diane for any inquiries or to request additional information.

  4. Live Chat: Utilize the live chat feature on my website for real-time communication and immediate answers to your questions.

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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159 Acres Range Road 281
East Chestermere Chestermere T1X 0M5

$9,550,000
Land

Main Photo: 159 Acres Range Road 281: Chestermere Residential Land for sale : MLS®# A2102152
Photo 1: 159 Acres Range Road 281: Chestermere Residential Land for sale : MLS®# A2102152
Photo 2: 159 Acres Range Road 281: Chestermere Residential Land for sale : MLS®# A2102152
Photo 3: 159 Acres Range Road 281: Chestermere Residential Land for sale : MLS®# A2102152
Photo 4: 159 Acres Range Road 281: Chestermere Residential Land for sale : MLS®# A2102152
Photo 5: 159 Acres Range Road 281: Chestermere Residential Land for sale : MLS®# A2102152
Photo 6: 159 Acres Range Road 281: Chestermere Residential Land for sale : MLS®# A2102152
Photo 7: 159 Acres Range Road 281: Chestermere Residential Land for sale : MLS®# A2102152
Photo 8: 159 Acres Range Road 281: Chestermere Residential Land for sale : MLS®# A2102152
Status:
Active
Prop. Type:
Land
MLS® Num:
A2102152
Adjoining 140 and 53 acre parcels have sold recently. Great NEWS, East and South Chestermere are in active development with Centron Clearwater Park development now underway. City Stormwater Master Plan indicates that a portion of these lands will be integrated with a City-approved stormwater system; this may provide a water feature and potential enhanced value for adjacent lands. This may be your opportunity with 159.21 Acres located inside the CITY of CHESTERMERE, east of KINNIBURGH, on Range Road 281 south of Highway 1. Lots of development underway in Chestermere, buy now for your future development opportunity. The future looks bright with De Havilland Canada Aerospace headquarters and others coming to Wheatland County, Chestermere is ideally suited to meet all their needs. MDP showing primarily future residential development in this area. This 159 acre parcel is available individually or together with adjoining 88 acre parcel, providing opportunity for large land holdings. Chestermere Health Centre and elementary school in neighboring Kinniburgh community. GST applicable. Fenced and gated, viewings by appointment only.
Property Type:
Land
Property Sub Type:
Residential Land
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
159 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:-)
Plan:
0313155
Ensuite:
No
Garage:
0
East Chestermere
NA
Easement Registered On Title
Title to Land:
Fee Simple
Access To Property:
Gravel Road
Num. of Parcels:
0
Fencing:
Partial
Region:
Chestermere
Zoning:
UT
Listed Date:
Jan 17, 2024
Days on Mkt:
  • Photo 1: 159 Acres Range Road 281: Chestermere Residential Land for sale : MLS®# A2102152
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  • Photo 8: 159 Acres Range Road 281: Chestermere Residential Land for sale : MLS®# A2102152
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Listed by Legacy Real Estate Services
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Diane Richardson
Cell: 403-397-3706