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)
Contact Diane Richardson Easily With These Simple Steps:
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.
Phone Number: Call me directly at 403.397.3706 with any questions or to schedule viewings.
Email Address: Reach out to me at Diane for any inquiries or to request additional information.
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!
Welcome to this exquisite property nestled in the prestigious gated Square Butte Ranch community, famed for its equestrian lifestyle and outdoor adventures. This luxurious executive bungalow, offering a perfect escape for weekend retreats or full-time living, spans 5,147 SQ FT and sits on a tranquil 3.98-acre lot. As you enter, the home envelops you in a sense of serenity, offering a peaceful retreat from the everyday. The main floor impresses with soaring 11-foot ceilings and floor-to-ceiling windows that capture breathtaking panoramic views. The custom cherry kitchen, crafted for the culinary enthusiast, features a massive 12-foot island, premium Miele and Viking stainless steel appliances, and flows into a formal dining room, cozy breakfast nook, and a living room with a striking stone fireplace. The elegant primary suite includes a spa-inspired ensuite with a corner tub, walk-in shower, dual vanity, double walk-in closets, and access to the expansive wrap-around deck. The fully finished walkout basement, with 10-foot ceilings, offers a versatile space with a games room, theater, wet bar, 200-bottle wine cellar, gym, office, two additional bedrooms, and a four-piece bath. A private upstairs loft serves as a bonus bedroom with its own three-piece bath. The oversized heated triple garage, equipped with 8-foot doors, is perfect for vehicles, toys, and sports gear. Designed with outdoor living in mind, this home boasts numerous covered spaces, including a wrap-around deck with a built-in BBQ and gas fireplace, a cozy patio with a hot tub, a fire pit, and a beach volleyball court that can be easily converted into a hockey rink, garden, or riding area. Square Butte Ranch spans 480 acres of communal land, offering a professionally managed equestrian center, barns, pastures, paddocks, an arena, saloon, gym, disc golf, and ponds for fishing, skating, and hockey. Proximity to Kananaskis Country and McLean Creek provides access to countless outdoor activities, from hiking to cycling, snowshoeing, and more. This prime location also offers quick access to Millarville, Bragg Creek, Elbow Falls, and the Rockies, with downtown Calgary just 40 minutes away. Contact us today for more details, including a virtual tour, floor plans, and a property video. Discover all that "The Gathering" has to offer!
Bar Fridge, Dishwasher, Double Oven, Garage Control(s), Gas Cooktop, Instant Hot Water, Microwave, Refrigerator, Washer/Dryer, Window Coverings
N/A
Restrictive Covenant, Utility Right Of Way
Yes
Floor
Type
Size
Other
Main Floor
Bedroom
13'6"4.11 m × 12'10"3.91 m
Main Floor
Breakfast Nook
14'1"4.29 m × 13'3"4.04 m
Main Floor
Dining Room
14'7"4.44 m × 12'10"3.91 m
Main Floor
Family Room
17'9"5.41 m × 14'7"4.44 m
Main Floor
Foyer
9'10"3.00 m × 6'7"2.01 m
Main Floor
Kitchen
20'9"6.32 m × 18'2"5.54 m
Main Floor
Laundry
16'9"5.11 m × 11'7"3.53 m
Main Floor
Living Room
11'3.35 m × 10'6"3.20 m
Main Floor
Bedroom - Primary
18'8"5.69 m × 18'7"5.66 m
Main Floor
Walk-In Closet
10'4"3.15 m × 6'6"1.98 m
Main Floor
Walk-In Closet
11'9"3.58 m × 6'7"2.01 m
Upper Level
Bedroom
13'6"4.11 m × 10'2"3.10 m
Basement
Other
11'3"3.43 m × 11'2"3.40 m
Basement
Bedroom
16'11"5.16 m × 15'11"4.85 m
Basement
Bedroom
12'5"3.78 m × 10'7"3.23 m
Basement
Exercise Room
17'11"5.46 m × 12'3.66 m
Basement
Office
8'2"2.49 m × 8'2"2.49 m
Basement
Game Room
45'6"13.90 m × 33'10"10.30 m
Basement
Media Room
15'2"4.62 m × 10'6"3.20 m
Basement
Furnace/Utility Room
17'3"5.26 m × 13'11"4.24 m
Floor
Ensuite
Pieces
Other
Main Floor
No
2
6'7" x 7'1"
Main Floor
Yes
3
4'11" x 11'1"
Main Floor
Yes
5
17'1" x 14'1"
Upper Level
Yes
3
9' x 4'10"
Basement
No
2
7' x 5'6"
Basement
No
5
15'11" x 6'3"
Title to Land:
Fee Simple
Community Features:
Clubhouse, Fishing, Gated, Lake, Park, Walking/Bike Paths
Interior Features:
Bar, Beamed Ceilings, Bookcases, Breakfast Bar, Built-in Features, Central Vacuum, Closet Organizers, Double Vanity, Granite Counters, High Ceilings, Kitchen Island, No Smoking Home, Open Floorplan, Pantry, Storage, Walk-In Closet(s)
Exterior Features:
Built-in Barbecue, Fire Pit, Private Entrance, Private Yard
Patio And Porch Features:
Balcony(s), Deck, Front Porch
Lot Features:
Back Yard, Backs on to Park/Green Space, Cul-De-Sac, Environmental Reserve, Front Yard, Lawn, Gentle Sloping, No Neighbours Behind, Landscaped, Private, Treed
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
82
Avg list price:
$1,957,000
Min list price:
$899,000
Max list price:
$14,900,000
Avg days on market:
75
Min days on market:
6
Max days on market:
558
Avg price per sq.ft.:
$663.82
These statistics are generated based on the current listing's property type
and located in
Rural Foothills County. Average values are
derived using median calculations.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.