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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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  2. Phone Number: Call me directly at 403.397.3706 with any questions or to schedule viewings.

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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!

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1176 Iron Ridge Avenue
Crossfield Crossfield T0M 0S0

$725,000
Residential beds: 3 baths: 3.0 2,050 sq. ft. built: 2024

Different Colour Options Available
Photo 1: 1176 Iron Ridge Avenue: Crossfield Detached for sale : MLS®# A2161955
Photo 2: 1176 Iron Ridge Avenue: Crossfield Detached for sale : MLS®# A2161955
Photo 3: 1176 Iron Ridge Avenue: Crossfield Detached for sale : MLS®# A2161955
Photo 4: 1176 Iron Ridge Avenue: Crossfield Detached for sale : MLS®# A2161955
Photo 5: 1176 Iron Ridge Avenue: Crossfield Detached for sale : MLS®# A2161955
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2161955
Bedrooms:
3
Bathrooms:
3
Year Built:
2024
Welcome to our latest Exquisite Home in the tranquil city of Crossfield. Just 9 minutes north of Airdrie, 25 minutes from Calgary and 3 minutes off highway 2. This home consists of 3 bedrooms, 2.5 bathrooms with bespoke finishings such as white oak detail, shaker with plywood cabinet boxes, black exterior dual pane windows, high end lighting, natural gas fireplace feature, quartz countertops, Lvp flooring. Full finishes can be provided upon request or customized to your individual preferences. Additional features include a large WALKOUT lot, 9FT CEILINGS on all floors, separate entrance, completed landscaping, basement roughed in with plans included. Spend sunny afternoons in the towns parks and playgrounds such as Veterans peace park or checkout the Crossfield Farmers market, the annual demolition Derby, the Rodeo grounds. This rapidly growing town also has amenities such K-12 schools such as Crossfield elementary school and W.G. Murdoch School, which are just short walk away! Find your forever home in this beautiful serene town with connectivity and affordable prices, you'll wonder why you didn't move sooner! Home is estimated for completion in winter 2024.
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:
2,050 sq. ft.
Main Level Finished Area:
960 sq. ft.
Upper Level Finished Area:
1,090 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
804 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
4,591 sq. ft.
Lot Frontage:
40'
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:
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:
2410344
Heating:
Forced Air
Basement:
Separate/Exterior Entry, None, Unfinished
Foundation:
Poured Concrete
New Constr.:
Yes
Construction Material:
Concrete, Stucco, Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Tile, Vinyl Plank
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached, Off Street
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
Sink, Upper Level
Dishwasher, Dryer, ENERGY STAR Qualified Dishwasher, Gas Range, Microwave, Range Hood, Refrigerator
N/A
None Known
Floor
Type
Size
Other
Main Floor
Office
10'1" × 9'1"
Main Floor
Mud Room
10'5" × 6'9"
Main Floor
Family Room
16'1" × 13'4"
Main Floor
Kitchen
10'9" × 10'8"
Main Floor
Pantry
8' × 5'1"
Main Floor
Nook
10'9" × 9'7"
Upper Level
Bedroom - Primary
13'3" × 13'
Upper Level
Walk-In Closet
9' × 5'
Upper Level
Bedroom
12' × 10'7"
Upper Level
Bedroom
12' × 10'7"
Upper Level
Laundry
9'3" × 5'9"
Upper Level
Bonus Room
16'1" × 12'1"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
5'8" x 5'1"
Upper Level
Yes
5
8'10" x 10'7"
Upper Level
No
3
5' x 10'7"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Sidewalks, Street Lights, Tennis Court(s)
Interior Features:
High Ceilings, Kitchen Island, Low Flow Plumbing Fixtures, Natural Woodwork, No Animal Home, No Smoking Home, Open Floorplan, Pantry, Quartz Counters, Separate Entrance, Vinyl Windows
Exterior Features:
BBQ gas line, Rain Gutters
Patio And Porch Features:
Deck
Lot Features:
Back Lane, Back Yard, Backs on to Park/Green Space, Lawn, Landscaped, Street Lighting
Num. of Parcels:
0
Fencing:
Partial
Region:
Rocky View County
Zoning:
R-1B
Listed Date:
Sep 01, 2024
Days on Mkt:
  • Photo 1: 1176 Iron Ridge Avenue: Crossfield Detached for sale : MLS®# A2161955
    Different Colour Options Available
  • Photo 2: 1176 Iron Ridge Avenue: Crossfield Detached for sale : MLS®# A2161955
    Photo 2 of 5
  • Photo 3: 1176 Iron Ridge Avenue: Crossfield Detached for sale : MLS®# A2161955
    Basement
  • Photo 4: 1176 Iron Ridge Avenue: Crossfield Detached for sale : MLS®# A2161955
    Main
  • Photo 5: 1176 Iron Ridge Avenue: Crossfield Detached for sale : MLS®# A2161955
    Second
Listed by RE/MAX Real Estate (Central)
Data was last updated November 13, 2024 at 04:05 AM (UTC)
Area Statistics
Listings on market:
30
Avg list price:
$549,500
Min list price:
$159,900
Max list price:
$770,000
Avg days on market:
37
Min days on market:
3
Max days on market:
178
Avg price per sq.ft.:
$352.93
These statistics are generated based on the current listing's property type and located in Crossfield. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706