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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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393 River Heights Drive
River Song Cochrane T4C 0H8

$689,900
Residential beds: 4 baths: 3.0 1,997 sq. ft. built: 2010

393 River Heights Dr
Photo 1: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 2: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 3: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 4: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 5: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 6: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 7: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 8: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 9: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 10: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 11: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 12: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 13: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 14: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 15: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 16: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 17: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 18: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 19: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 20: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 21: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 22: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 23: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 24: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 25: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 26: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 27: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 28: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 29: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 30: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 31: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 32: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 33: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 34: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 35: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 36: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 37: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 38: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 39: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 40: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 41: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Photo 42: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2162130
Bedrooms:
4
Bathrooms:
3
Year Built:
2010
393 River Heights Dr! DEVELOPED BASEMENT! Located in a vibrant community, you'll have easy access to scenic walking trails, essential amenities, and a nearby high school. Welcome to this beautiful 1997 sq/ft 2-storey home, where modern comforts meet timeless elegance. The heart of the home, a gourmet kitchen, features sleek granite countertops, a large island, and top-of-the-line stainless steel appliances, making it an entertainer's dream. Upstairs, you’ll find a cozy bonus room—perfect for movie nights or a home office—alongside three generously sized bedrooms. The primary suite is a true retreat, offering ample space for king-sized furnishings. The spa-like ensuite, complete with dual sinks, a soaker tub, and a separate shower, promises a serene escape after a long day. With 9ft ceilings and an open-concept layout on the main floor, the living space feels bright and inviting. The walk-through pantry, main floor laundry, and a fully insulated, dry-walled garage add both convenience and practicality. The finished basement extends your living space, featuring a spacious rec room, a fourth bedroom, and a rough-in for a future bathroom—ideal for guests or a growing family. But the charm doesn’t stop indoors. Imagine unwinding on your deck, soaking up the sun in your fully landscaped/fenced backyard. Ready to make a move? Call today to book your personal viewing!
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:
1,997 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
4,380 sq. ft.
Lot Frontage:
11'7"
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:
Northwest
Reg. Size:
Reg. Size Includes:
Levels:
Two
Total Rooms Above Grade:
8
Year built:
2010 (Age: 14)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
0910527
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Hardwood
Cooling:
None
Fireplaces:
1
Fireplace Details:
Gas, Living Room, Mantle, Tile
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Main Level
River Song
Dishwasher, Dryer, Gas Range, Refrigerator, Washer
S/S Fridge, Gas range, Dishwasher, Washer, Dryer, Garage Opener + Remote
None Known
Floor
Type
Size
Other
Main Floor
Dining Room
17'2" × 9'
Main Floor
Foyer
12'10" × 10'6"
Main Floor
Kitchen
12'8" × 12'5"
Main Floor
Laundry
8'7" × 6'11"
Main Floor
Living Room
14'9" × 14'6"
2nd Floor
Bedroom
10'10" × 9'10"
2nd Floor
Bedroom
10'11" × 9'10"
2nd Floor
Bonus Room
13'10" × 11'11"
2nd Floor
Bedroom - Primary
15'8" × 14'3"
Basement
Bedroom
10'6" × 10'1"
Basement
Furnace/Utility Room
14'3" × 12'1"
Basement
Game Room
25'8" × 14'4"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
2nd Floor
Yes
5
2nd Floor
No
4
Title to Land:
Fee Simple
Community Features:
Playground, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Closet Organizers, Double Vanity, Granite Counters, Kitchen Island, Open Floorplan, Pantry, Vinyl Windows
Exterior Features:
Private Yard
Patio And Porch Features:
Deck, Front Porch
Lot Features:
Back Yard, Landscaped, Street Lighting, Private
Num. of Parcels:
0
Fencing:
Fenced
Region:
Rocky View County
Zoning:
R-LD
Listed Date:
Sep 02, 2024
Days on Mkt:
  • Photo 1: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    393 River Heights Dr
  • Photo 2: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    393 River Heights Dr
  • Photo 3: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    393 River Heights Dr
  • Photo 4: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    393 River Heights Dr
  • Photo 5: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    Front Entry
  • Photo 6: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    Open Concept Main Floor
  • Photo 7: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    Living Room
  • Photo 8: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    LIving Room
  • Photo 9: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    Living Room
  • Photo 10: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    Living Room
  • Photo 11: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    Kitchen
  • Photo 12: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    Dining
  • Photo 13: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    Kitchen - Granite Countertops
  • Photo 14: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    Kitchen- Granite countertops
  • Photo 15: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    Kitchen - Gas Range
  • Photo 16: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    Main Floor Powder Room
  • Photo 17: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    Upstairs
  • Photo 18: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    Large Primary
  • Photo 19: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    Large Primary
  • Photo 20: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    Large Primary
  • Photo 21: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    Primary Ensuite
  • Photo 22: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    Primary Ensuite
  • Photo 23: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    Primary Ensuite
  • Photo 24: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    Upstairs Main Bathroom
  • Photo 25: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    Upstairs Nook
  • Photo 26: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    Upstairs Bonus Room
  • Photo 27: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    Upstairs Bonus Room
  • Photo 28: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    Basement
  • Photo 29: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    Basement Rec Room
  • Photo 30: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    Basement Rec Room
  • Photo 31: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    Basement Rec Room
  • Photo 32: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    Basement Rec Room
  • Photo 33: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    Back Deck
  • Photo 34: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    Back Deck
  • Photo 35: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    Backyard
  • Photo 36: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    Backyard
  • Photo 37: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    Photo 37 of 42
  • Photo 38: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    Photo 38 of 42
  • Photo 39: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    Nearby Park
  • Photo 40: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    Nearby School
  • Photo 41: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    Nearby Walking Trails
  • Photo 42: 393 River Heights Drive: Cochrane Detached for sale : MLS®# A2162130
    Photo 42 of 42

Virtual Tour

Listed by Coldwell Banker United
Data was last updated November 14, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
188
Avg list price:
$659,900
Min list price:
$249,900
Max list price:
$1,375,000
Avg days on market:
34
Min days on market:
1
Max days on market:
399
Avg price per sq.ft.:
$370.65
These statistics are generated based on the current listing's property type and located in Cochrane. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706