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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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1435 Scarlett Ranch Boulevard
NONE Carstairs T0M 0N0

$659,900
Residential beds: 3 baths: 3.0 2,413 sq. ft. built: 2024

Triple Garage
Photo 1: 1435 Scarlett Ranch Boulevard: Carstairs Detached for sale : MLS®# A2151844
Photo 2: 1435 Scarlett Ranch Boulevard: Carstairs Detached for sale : MLS®# A2151844
Photo 3: 1435 Scarlett Ranch Boulevard: Carstairs Detached for sale : MLS®# A2151844
Photo 4: 1435 Scarlett Ranch Boulevard: Carstairs Detached for sale : MLS®# A2151844
Photo 5: 1435 Scarlett Ranch Boulevard: Carstairs Detached for sale : MLS®# A2151844
Photo 6: 1435 Scarlett Ranch Boulevard: Carstairs Detached for sale : MLS®# A2151844
Photo 7: 1435 Scarlett Ranch Boulevard: Carstairs Detached for sale : MLS®# A2151844
Photo 8: 1435 Scarlett Ranch Boulevard: Carstairs Detached for sale : MLS®# A2151844
Photo 9: 1435 Scarlett Ranch Boulevard: Carstairs Detached for sale : MLS®# A2151844
Photo 10: 1435 Scarlett Ranch Boulevard: Carstairs Detached for sale : MLS®# A2151844
Photo 11: 1435 Scarlett Ranch Boulevard: Carstairs Detached for sale : MLS®# A2151844
Photo 12: 1435 Scarlett Ranch Boulevard: Carstairs Detached for sale : MLS®# A2151844
Photo 13: 1435 Scarlett Ranch Boulevard: Carstairs Detached for sale : MLS®# A2151844
Photo 14: 1435 Scarlett Ranch Boulevard: Carstairs Detached for sale : MLS®# A2151844
Photo 15: 1435 Scarlett Ranch Boulevard: Carstairs Detached for sale : MLS®# A2151844
Photo 16: 1435 Scarlett Ranch Boulevard: Carstairs Detached for sale : MLS®# A2151844
Photo 17: 1435 Scarlett Ranch Boulevard: Carstairs Detached for sale : MLS®# A2151844
Photo 18: 1435 Scarlett Ranch Boulevard: Carstairs Detached for sale : MLS®# A2151844
Photo 19: 1435 Scarlett Ranch Boulevard: Carstairs Detached for sale : MLS®# A2151844
Photo 20: 1435 Scarlett Ranch Boulevard: Carstairs Detached for sale : MLS®# A2151844
Photo 21: 1435 Scarlett Ranch Boulevard: Carstairs Detached for sale : MLS®# A2151844
Photo 22: 1435 Scarlett Ranch Boulevard: Carstairs Detached for sale : MLS®# A2151844
Photo 23: 1435 Scarlett Ranch Boulevard: Carstairs Detached for sale : MLS®# A2151844
Photo 24: 1435 Scarlett Ranch Boulevard: Carstairs Detached for sale : MLS®# A2151844
Photo 25: 1435 Scarlett Ranch Boulevard: Carstairs Detached for sale : MLS®# A2151844
Photo 26: 1435 Scarlett Ranch Boulevard: Carstairs Detached for sale : MLS®# A2151844
Photo 27: 1435 Scarlett Ranch Boulevard: Carstairs Detached for sale : MLS®# A2151844
Photo 28: 1435 Scarlett Ranch Boulevard: Carstairs Detached for sale : MLS®# A2151844
Photo 29: 1435 Scarlett Ranch Boulevard: Carstairs Detached for sale : MLS®# A2151844
Photo 30: 1435 Scarlett Ranch Boulevard: Carstairs Detached for sale : MLS®# A2151844
Photo 31: 1435 Scarlett Ranch Boulevard: Carstairs Detached for sale : MLS®# A2151844
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2151844
Bedrooms:
3
Bathrooms:
3
Year Built:
2024
Pictures for illustration, and fall possession. This home qualifies for our Year-end Basement Development special! Spacious lot (53' front x 120') with a Brand new 2,413 sq.ft. two story with attached triple garage (28' x 27') and side access walk-up basement. Photos from previous home built. Bright, open plan with spacious main level dining nook, kitchen with island and walk-through pantry (wood shelving) to spacious mud room (wood bench + lockers), family room with built-in shelves and fireplace, private Work From Home Office, two piece bath and spacious open cathedral front entry. Three bedrooms on the upper level including 15' x 13'7" Primary suite with raised tray ceiling and large walk-in closet (wood shelving), 5 piece Ensuite, bonus room with raised tray ceiling and fireplace, laundry room and 4 piece main bath. Bright undeveloped side access basement has high efficiency mechanical, roughed-in bath plumbing, and large windows for lots of natural light. Will be nicely appointed with ceiling height cabinets, quartz counter tops, upgraded lighting, vinyl plank, tile + carpet flooring, wood shelving in all closets, upgraded exterior and stonework. Includes GST (rebate to builder), new home warranty, 16' x 7' rear deck, front sod + tree, and $5,000 appliance allowance. Great family community with school, park and pond nearby, recreation facilities, and a quick commute to Airdrie, Balzac Mall, Calgary, or hospital nearby at Didsbury. A little drive, a lot of savings! September possession. Photos for illustration and from previous build; a finished home is also available to view (1439 SRB).
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
Total Living Area:
2,413 sq. ft.
Main Level Finished Area:
1,122 sq. ft.
Upper Level Finished Area:
1,291 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,300 sq. ft.
Lot Frontage:
53'5¾"
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:
South
Reg. Size:
Reg. Size Includes:
Unit Exposure:
South
Levels:
Two
Total Rooms Above Grade:
7
Year built:
2024 (Age: 0)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
2111996
Heating:
High Efficiency, Forced Air, Natural Gas
Basement:
Full, Unfinished, Walk-Up To Grade
Foundation:
Poured Concrete
Builder:
Landstone Homes Ltd.
New Constr.:
Yes
Construction Material:
Stone, Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Tile, Vinyl
Cooling:
None
Fireplaces:
2
Fireplace Details:
Family Room, Gas, Living Room, Mantle
Water Supply:
Public
Sewer:
Public Sewer
Garage:
1
Garage Spaces:
3
Parking:
Concrete Driveway, Garage Door Opener, Insulated, Triple Garage Attached
Parking Places:
6.0
Parking Total/Covered:
6 / -
Laundry Features:
Laundry Room, Upper Level
NONE
See Remarks
$5,000 appliance allowance at Trail Calgary NE store, front sod and one tree.
Restrictive Covenant-Building Design/Size, Underground Utility Right of Way
Floor
Type
Size
Other
Main Floor
Kitchen With Eating Area
24' × 13'6"
Main Floor
Living Room
14'6" × 13'6"
Main Floor
Den
11' × 9'
Main Floor
Mud Room
7'6" × 6'6"
Main Floor
Entrance
15' × 6'7"
Main Floor
Pantry
5' × 5'
Upper Level
Bedroom - Primary
15' × 13'6"
Upper Level
Bedroom
13'3" × 9'10"
Upper Level
Bedroom
10'1" × 9'10"
Upper Level
Bonus Room
21' × 13'
Upper Level
Laundry
5'6" × 5'6"
Upper Level
Walk-In Closet
10' × 5'
Upper Level
Walk-In Closet
5' × 4'
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5' x 5'
Upper Level
Yes
5
9'6" x 13'
Upper Level
No
4
5' x 10'
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Street Lights
Interior Features:
Bathroom Rough-in, Built-in Features, Closet Organizers, No Animal Home, No Smoking Home, Pantry, Recessed Lighting, Separate Entrance, Sump Pump(s), Tray Ceiling(s), Vinyl Windows, Walk-In Closet(s)
Exterior Features:
None
Patio And Porch Features:
Deck
Lot Features:
Rectangular Lot
Num. of Parcels:
0
Fencing:
None
Region:
Mountain View County
Zoning:
R-1
Listed Date:
Jul 31, 2024
Days on Mkt:
  • Photo 1: 1435 Scarlett Ranch Boulevard: Carstairs Detached for sale : MLS®# A2151844
    Triple Garage
  • Photo 2: 1435 Scarlett Ranch Boulevard: Carstairs Detached for sale : MLS®# A2151844
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  • Photo 30: 1435 Scarlett Ranch Boulevard: Carstairs Detached for sale : MLS®# A2151844
    Memorial Arena
  • Photo 31: 1435 Scarlett Ranch Boulevard: Carstairs Detached for sale : MLS®# A2151844
    Carstairs Golf Course
Listed by Legacy Real Estate Services
Data was last updated November 14, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
37
Avg list price:
$641,999
Min list price:
$399,000
Max list price:
$999,000
Avg days on market:
50
Min days on market:
2
Max days on market:
155
Avg price per sq.ft.:
$323.23
These statistics are generated based on the current listing's property type and located in Carstairs. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706