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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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71 Burney Road
NONE Bragg Creek T0L 0K0

$1,650,000
Residential beds: 4 baths: 4.0 2,863 sq. ft. built: 1999

Private pond and a charming yard.
Photo 1: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 2: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 3: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 4: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 5: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 6: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 7: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 8: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 9: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 10: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 11: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 12: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 13: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 14: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 15: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 16: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 17: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 18: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 19: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 20: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 21: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 22: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 23: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 24: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 25: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 26: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 27: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 28: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 29: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 30: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 31: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 32: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 33: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 34: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 35: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 36: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 37: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 38: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 39: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 40: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 41: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 42: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 43: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 44: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 45: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 46: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 47: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 48: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 49: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Photo 50: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2141941
Bedrooms:
4
Bathrooms:
4
Year Built:
1999
Introducing a meticulously crafted retreat nestled on 4 serene acres in Bragg Creek. Walking distance to Banded Peak School, the many Bragg Creek shops, restaurants, activities, the Elbow River and Bragg Creek trails! Custom-built in 1999, this home exudes timeless charm and thoughtful design. Overseen by a British architect, the residence seamlessly blends country elegance with modern comforts. Upon entering, hardwood floors grace the main level, complemented by slate floors in key areas like the kitchen, main floor bathroom, and laundry room. A spacious deck, added a decade ago, provides panoramic views of the tranquil pond, perfect for unwinding amidst nature's beauty. The heart of the home, the kitchen, boasts Legacy wood cabinetry, granite countertops and stainless steel appliances. Warmth emanates from a large hearth fireplace on the main floor, featuring a convenient gas starter, and a Waterford wood stove in the basement, ready with ample firewood. Living spaces are enhanced by thoughtful additions like a large office above the garage, complete with custom-built wood shelves and desk (this would also make a great 4th upper bedroom). Upstairs, all three bedrooms enjoy vaulted ceilings and stunning vistas of the pond, yard, and surrounding forest. The fully finished walk-out basement is concrete flooring with underfloor heating. Offering versatile living and entertainment spaces, storage and two partially developed rooms offering potential for additional living areas if desired in addition to the bedroom and full bathroom. Exterior updates include Hardiboard siding installed less than a decade ago, complemented by recently redone asphalt roofing. Outside, discover a private oasis featuring a cabin/writer's retreat nestled in the backyard, ideal for relaxation or creative pursuits. A biological pond with a soothing waterfall adds to the enchanting atmosphere, once home to koi fish and blooming lotuses under the careful stewardship of the current owners. Surrounded by a mix of spruces, pines, and poplar trees, the property also boasts wildflowers and a small garden area, thoughtfully maintained despite occasional visits from deer. This exceptional Bragg Creek property offers a harmonious blend of craftsmanship and natural beauty inviting you to experience a vibrant and inspiring country lifestyle.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
2 Storey, Acreage with Residence
Total Living Area:
2,863 sq. ft.
Main Level Finished Area:
1,189 sq. ft.
Upper Level Finished Area:
1,567 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,249 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
3.95 acre(s)
Lot Frontage:
164'1"
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:
North
Reg. Size:
Reg. Size Includes:
Levels:
Two
Total Rooms Above Grade:
7
Year built:
1999 (Age: 25)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
4.0 (Full:3, Half:1)
Plan:
2410179
Heating:
In Floor, Forced Air, Natural Gas
Basement:
Separate/Exterior Entry, Finished, Full, Walk-Out To Grade
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Composite Siding, Post & Beam, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Concrete, Hardwood, Tile
Cooling:
None
Fireplaces:
2
Fireplace Details:
Basement, Gas Starter, Living Room, Mantle, Wood Burning, Wood Burning Stove
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached, Driveway
Parking Places:
8.0
Parking Total/Covered:
8 / -
Laundry Features:
Main Level, Sink
NONE
Dishwasher, Dryer, Electric Stove, Garage Control(s), Microwave, Refrigerator, Washer
Artist studio/shed
None Known
Floor
Type
Size
Other
Main Floor
Living Room
23' × 16'3"
Main Floor
Kitchen
17'10" × 13'5"
Main Floor
Dining Room
13'8" × 13'
Main Floor
Laundry
13'7" × 8'4"
2nd Floor
Office
25'6" × 23'
3rd Floor
Bedroom
13'8" × 13'
3rd Floor
Bedroom
13'8" × 13'
3rd Floor
Bedroom - Primary
23'5" × 14'5"
3rd Floor
Walk-In Closet
9'7" × 6'3"
Basement
Bedroom
13'8" × 11'4"
Basement
Game Room
26'5" × 24'
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5' x 5'8"
3rd Floor
No
4
7'7" x 8'
3rd Floor
Yes
5
12'10" x 9'3"
Basement
No
4
5'1" x 9'11"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Tennis Court(s), Walking/Bike Paths
Interior Features:
Built-in Features, Central Vacuum, Storage, Walk-In Closet(s)
Exterior Features:
Fire Pit, Private Yard
Patio And Porch Features:
Awning(s), Deck, Front Porch
Lot Features:
Creek/River/Stream/Pond, Lawn, Treed
Waterfront Features:
Pond
Num. of Parcels:
0
Fencing:
Partial
Region:
Rocky View County
Zoning:
R-RUR
Listed Date:
Jun 21, 2024
Days on Mkt:
  • Photo 1: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Private pond and a charming yard.
  • Photo 2: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Large south facing back deck.
  • Photo 3: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Photo 3 of 50
  • Photo 4: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Birds eye view of the south end of the property.
  • Photo 5: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Kananaskis country is not far!
  • Photo 6: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Double attached garage.
  • Photo 7: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Timber accents.
  • Photo 8: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Photo 8 of 50
  • Photo 9: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Large foyer with coat closet.
  • Photo 10: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Plenty of storage space in the front foyer.
  • Photo 11: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Beautiful main floor living with wood burning fireplace.
  • Photo 12: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Gorgeous wood accents.
  • Photo 13: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Photo 13 of 50
  • Photo 14: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Large eating area with deck access.
  • Photo 15: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Photo 15 of 50
  • Photo 16: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Kitchencraft cabinets, granite countertops, stainless steel appliances.
  • Photo 17: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Photo 17 of 50
  • Photo 18: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Photo 18 of 50
  • Photo 19: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Easy deck access from the kitchen as well.
  • Photo 20: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Photo 20 of 50
  • Photo 21: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Awning on the large back deck for those warm summer days!
  • Photo 22: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Photo 22 of 50
  • Photo 23: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Main floor 2 piece powder room.
  • Photo 24: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Main floor laundry room with sink and plenty of storage.
  • Photo 25: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Stairs leading up and down into the basement level.
  • Photo 26: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Foyer leading to office above the garage.
  • Photo 27: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Photo 27 of 50
  • Photo 28: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    This office space would also make a great extra bedroom.
  • Photo 29: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Photo 29 of 50
  • Photo 30: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Upper level bedroom 1.
  • Photo 31: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Upper level bedroom 2.
  • Photo 32: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Upper level main bathroom.
  • Photo 33: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Upper level main bathroom.
  • Photo 34: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Upper level primary suite.
  • Photo 35: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Photo 35 of 50
  • Photo 36: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Photo 36 of 50
  • Photo 37: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Primary bedroom ensuite.
  • Photo 38: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Photo 38 of 50
  • Photo 39: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Walk in shower and soaker tub.
  • Photo 40: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Lower level walk out family room.
  • Photo 41: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Photo 41 of 50
  • Photo 42: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Lower level reading nook.
  • Photo 43: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Cozy wood stove on this level.
  • Photo 44: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Lower level bedroom.
  • Photo 45: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Lower level bathroom.
  • Photo 46: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Cozy writer's retreat out back!
  • Photo 47: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    2 published books were written in this space. : -)
  • Photo 48: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Such a cute spot!
  • Photo 49: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    View from the back deck towards the pond.
  • Photo 50: 71 Burney Road: Bragg Creek Detached for sale : MLS®# A2141941
    Water feature in the pond.

Virtual Tour

3D Tour

Virtual Tour

Listed by Century 21 Bamber Realty LTD.
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
12
Avg list price:
$1,589,000
Min list price:
$899,900
Max list price:
$2,850,000
Avg days on market:
111
Min days on market:
20
Max days on market:
818
Avg price per sq.ft.:
$578.73
These statistics are generated based on the current listing's property type and located in Bragg Creek. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706