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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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274034A Range Road 243
NONE Rural Wheatland County T0M 0G0

$688,000
Residential beds: 4 baths: 2.0 1,601 sq. ft. built: 1940

Main Photo: 274034A Range Road 243: Rural Wheatland County Detached for sale : MLS®# A2158559
Photo 1: 274034A Range Road 243: Rural Wheatland County Detached for sale : MLS®# A2158559
Photo 2: 274034A Range Road 243: Rural Wheatland County Detached for sale : MLS®# A2158559
Photo 3: 274034A Range Road 243: Rural Wheatland County Detached for sale : MLS®# A2158559
Photo 4: 274034A Range Road 243: Rural Wheatland County Detached for sale : MLS®# A2158559
Photo 5: 274034A Range Road 243: Rural Wheatland County Detached for sale : MLS®# A2158559
Photo 6: 274034A Range Road 243: Rural Wheatland County Detached for sale : MLS®# A2158559
Photo 7: 274034A Range Road 243: Rural Wheatland County Detached for sale : MLS®# A2158559
Photo 8: 274034A Range Road 243: Rural Wheatland County Detached for sale : MLS®# A2158559
Photo 9: 274034A Range Road 243: Rural Wheatland County Detached for sale : MLS®# A2158559
Photo 10: 274034A Range Road 243: Rural Wheatland County Detached for sale : MLS®# A2158559
Photo 11: 274034A Range Road 243: Rural Wheatland County Detached for sale : MLS®# A2158559
Photo 12: 274034A Range Road 243: Rural Wheatland County Detached for sale : MLS®# A2158559
Photo 13: 274034A Range Road 243: Rural Wheatland County Detached for sale : MLS®# A2158559
Photo 14: 274034A Range Road 243: Rural Wheatland County Detached for sale : MLS®# A2158559
Photo 15: 274034A Range Road 243: Rural Wheatland County Detached for sale : MLS®# A2158559
Photo 16: 274034A Range Road 243: Rural Wheatland County Detached for sale : MLS®# A2158559
Photo 17: 274034A Range Road 243: Rural Wheatland County Detached for sale : MLS®# A2158559
Photo 18: 274034A Range Road 243: Rural Wheatland County Detached for sale : MLS®# A2158559
Photo 19: 274034A Range Road 243: Rural Wheatland County Detached for sale : MLS®# A2158559
Photo 20: 274034A Range Road 243: Rural Wheatland County Detached for sale : MLS®# A2158559
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2158559
Bedrooms:
4
Bathrooms:
2
Year Built:
1940
This expansive 44.57-acre property, nestled north of Nightingale, offers endless possibilities. Once a bustling dairy farm, the property still boasts a substantial 10,000 square foot barn, built circa 1940, and is complemented by a charming, well-maintained home. The versatile barn, with its impressive size, presents a prime opportunity for conversion into various commercial or agricultural ventures. The land is equipped with fenced corrals and a stock water supply, with potential for additional water sources. The 1,600 square foot main house has been thoughtfully updated, including a modern bathroom and a fully renovated plumbing system. The spacious kitchen features ample cabinetry, counter space, a walk-in pantry, and a cozy dining area. The inviting living room boasts built-in shelves and a picturesque view. A private master suite with an ensuite bathroom, three additional bedrooms, and a convenient main-floor laundry room complete the home’s comfortable layout. Additional structures on the property include a 40x90 shop, a double garage, and a single garage. A second dwelling is also present but requires renovation. Enjoy breathtaking views from this exceptional property. Directions: From Strathmore, head north on Highway 817. Turn east onto Range Road 564, then north onto Nightingale Road. Continue to Township Road 274, turn east, and then left onto Range Road 243. The main house offers 1600 square feet of living space with character and modern updates, including a renovated plumbing system. It features a large kitchen, spacious living room, and a master bedroom with an ensuite bathroom. The property is fenced for livestock, with a stock water supply and potential for additional water sources. Enjoy stunning views from this historic property with ample space for various uses.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Acreage with Residence, Bungalow
Total Living Area:
1,601 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
44.6 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:
Front Exposure:
Northeast
Reg. Size:
Reg. Size Includes:
Levels:
One
Total Rooms Above Grade:
7
Year built:
1940 (Age: 84)
Bedrooms:
4 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Heating:
Forced Air
Basement:
Full, Unfinished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Ceramic Tile, Hardwood, Laminate
Cooling:
None
Fireplaces:
0
Water Supply:
Well
Sewer:
Holding Tank
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Detached, Garage Door Opener
Laundry Features:
Other
NONE
Dishwasher, Electric Stove, Refrigerator, Washer/Dryer, Window Coverings
None
Call Lister
Floor
Type
Size
Other
Main Floor
Living Room
17'2" × 15'4"
Main Floor
Kitchen
23'2" × 11'7"
Main Floor
Bedroom - Primary
12'10" × 11'2"
Main Floor
Bedroom
13'8" × 8'11"
Main Floor
Bedroom
13'7" × 12'1"
Main Floor
Bedroom
9'6" × 9'
Main Floor
Other
9'6" × 5'7"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
Main Floor
Yes
3
Title to Land:
Fee Simple
Community Features:
None
Interior Features:
No Smoking Home
Exterior Features:
None
Patio And Porch Features:
None
Lot Features:
Farm
Num. of Parcels:
0
Outbuildings:
Shed, Hen House, Shop, Warehouse, Workshop
Fencing:
Partial
Nearest Town:
Beiseker
Region:
Wheatland County
Zoning:
1
Listed Date:
Aug 17, 2024
Days on Mkt:
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Listed by Synterra Realty
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
17
Avg list price:
$999,999
Min list price:
$450,000
Max list price:
$2,200,000
Avg days on market:
88
Min days on market:
8
Max days on market:
225
Avg price per sq.ft.:
$612.75
These statistics are generated based on the current listing's property type and located in Rural Wheatland County. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706