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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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243134 Westbluff Road
Rural Rocky View MD Rural Rocky View County T3Z 3K1

$1,699,000
Residential beds: 4 baths: 4.0 2,823 sq. ft. built: 1994

Main Photo: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Photo 1: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Photo 2: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Photo 3: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Photo 4: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Photo 5: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Photo 6: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Photo 7: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Photo 8: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Photo 9: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Photo 10: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Photo 11: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Photo 12: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Photo 13: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Photo 14: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Photo 15: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Photo 16: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Photo 17: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Photo 18: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Photo 19: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Photo 20: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Photo 21: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Photo 22: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Photo 23: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Photo 24: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Photo 25: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Photo 26: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Photo 27: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Photo 28: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Photo 29: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Photo 30: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Photo 31: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Photo 32: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Photo 33: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Photo 34: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Photo 35: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Photo 36: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Photo 37: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Photo 38: 243134 Westbluff Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2107518
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2107518
Bedrooms:
4
Bathrooms:
4
Year Built:
1994
This home is located in sought after Springbank 1.5 miles from the newly completed Stoney Trail Freeway. The house is a 2,800 sq ft one and half storey home with an additional primary loft living area over the 2 car garage. The house has 4 large sized bedrooms, 3 with walk in closets, and 4 bathrooms. The lower level walkout is 1,800 sq ft completed with high-end finishes. The 3rd car garage has been converted into an exercise room. The lower level also includes a theater room and a beautiful office. The house is full of Old-World charm and craftsmanship, including 10-foot-high ceilings, hardwood floors, marble floors, marble and granite countertops, solid wood doors, oversized solid wood baseboards and door trims. The kitchen is exceptional. Additional features include a main floor laundry with 2 washers and 2 dryers, a bright sunroom off the kitchen, a massive cedar deck and a huge fenced in yard. The location is treed, and private. The access is as good as it gets for getting downtown, Canada Olympic Park, the airport, west side private schools, dog parks, major shopping centers, the deep south neighborhoods, Cochrane, Airdrie and the Canmore/Banff area.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
1 and Half Storey, Acreage with Residence
Total Living Area:
2,823.37 sq. ft.
Main Level Finished Area:
2,264.64 sq. ft.
Upper Level Finished Area:
558.73 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
2.01 acre(s)
Lot Frontage:
262'8"
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:
West
Reg. Size:
Reg. Size Includes:
Levels:
One and One Half
Total Rooms Above Grade:
8
Year built:
1994 (Age: 30)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
4.0 (Full:4, Half:0)
Plan:
8911848
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full, Walk-Out To Grade
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Wood Frame
Structure Type:
House
Roof:
Wood
Ensuite:
Yes
Flooring:
Hardwood, Marble
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas
Water Supply:
Co-operative
Sewer:
Septic System
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached, Driveway
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Main Level
Springbank
Bar Fridge, Dishwasher, Dryer, Electric Oven, Freezer, Garage Control(s), Garburator, Gas Range, Microwave, Refrigerator, Warming Drawer, Washer, Window Coverings
There are 2 washers, 2 dryers, built-in coffee maker, 2 bar fridges and storage shed.
Restrictive Covenant, Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Kitchen
40' × 15'8"
Main Floor
Dining Room
15' × 13'
Main Floor
Living Room
15'3" × 13'5"
Main Floor
Foyer
8'9" × 7'9"
Main Floor
Laundry
10'1" × 7'5"
Main Floor
Sunroom/Solarium
16'10" × 12'8"
Main Floor
Bedroom - Primary
16'2" × 14'
Main Floor
Bedroom
11' × 11'
Upper Level
Bedroom
23'9" × 10'5"
Basement
Family Room
14'6" × 14'3"
Basement
Exercise Room
19'2" × 13'
Basement
Office
15'1" × 10'9"
Basement
Media Room
15'6" × 14'4"
Basement
Storage
24'3" × 11'
Basement
Furnace/Utility Room
15'1" × 8'10"
Basement
Bedroom
14'3" × 11'6"
Floor
Ensuite
Pieces
Other
Main Floor
No
3
6' x 7'
Main Floor
Yes
5
8'3" x 15'7"
Upper Level
Yes
5
10' x 19'2"
Basement
No
3
6'7" x 14'4"
Title to Land:
Fee Simple
Community Features:
Schools Nearby, Shopping Nearby
Interior Features:
Bar, Bookcases, Built-in Features, Ceiling Fan(s), Central Vacuum, Closet Organizers, Crown Molding, Double Vanity, French Door, Granite Counters, High Ceilings, Kitchen Island, No Smoking Home, Soaking Tub, Walk-In Closet(s)
Exterior Features:
Balcony
Patio And Porch Features:
Deck
Lot Features:
Back Yard, Corner Lot, Landscaped
Num. of Parcels:
0
Fencing:
Fenced
Nearest Town:
Calgary
Region:
Rocky View County
Zone:
CAL Zone Springbank
Zoning:
R-CRD
Listed Date:
Feb 14, 2024
Days on Mkt:
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Listed by Bode Platform Inc.
Data was last updated November 14, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
172
Avg list price:
$1,749,900
Min list price:
$419,000
Max list price:
$14,300,000
Avg days on market:
67
Min days on market:
1
Max days on market:
1,268
Avg price per sq.ft.:
$648.14
These statistics are generated based on the current listing's property type and located in Rural Rocky View MD. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706