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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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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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109 1 Crystal Green Lane
Crystal Green Okotoks T1S 0C5

$480,000
Residential beds: 2 baths: 2.0 1,252 sq. ft. built: 2008

Main Photo: 109 1 Crystal Green Lane: Okotoks Apartment for sale : MLS®# A2162476
Photo 1: 109 1 Crystal Green Lane: Okotoks Apartment for sale : MLS®# A2162476
Photo 2: 109 1 Crystal Green Lane: Okotoks Apartment for sale : MLS®# A2162476
Photo 3: 109 1 Crystal Green Lane: Okotoks Apartment for sale : MLS®# A2162476
Photo 4: 109 1 Crystal Green Lane: Okotoks Apartment for sale : MLS®# A2162476
Photo 5: 109 1 Crystal Green Lane: Okotoks Apartment for sale : MLS®# A2162476
Photo 6: 109 1 Crystal Green Lane: Okotoks Apartment for sale : MLS®# A2162476
Photo 7: 109 1 Crystal Green Lane: Okotoks Apartment for sale : MLS®# A2162476
Photo 8: 109 1 Crystal Green Lane: Okotoks Apartment for sale : MLS®# A2162476
Photo 9: 109 1 Crystal Green Lane: Okotoks Apartment for sale : MLS®# A2162476
Photo 10: 109 1 Crystal Green Lane: Okotoks Apartment for sale : MLS®# A2162476
Photo 11: 109 1 Crystal Green Lane: Okotoks Apartment for sale : MLS®# A2162476
Photo 12: 109 1 Crystal Green Lane: Okotoks Apartment for sale : MLS®# A2162476
Photo 13: 109 1 Crystal Green Lane: Okotoks Apartment for sale : MLS®# A2162476
Photo 14: 109 1 Crystal Green Lane: Okotoks Apartment for sale : MLS®# A2162476
Photo 15: 109 1 Crystal Green Lane: Okotoks Apartment for sale : MLS®# A2162476
Photo 16: 109 1 Crystal Green Lane: Okotoks Apartment for sale : MLS®# A2162476
Photo 17: 109 1 Crystal Green Lane: Okotoks Apartment for sale : MLS®# A2162476
Photo 18: 109 1 Crystal Green Lane: Okotoks Apartment for sale : MLS®# A2162476
Photo 19: 109 1 Crystal Green Lane: Okotoks Apartment for sale : MLS®# A2162476
Photo 20: 109 1 Crystal Green Lane: Okotoks Apartment for sale : MLS®# A2162476
Photo 21: 109 1 Crystal Green Lane: Okotoks Apartment for sale : MLS®# A2162476
Photo 22: 109 1 Crystal Green Lane: Okotoks Apartment for sale : MLS®# A2162476
Photo 23: 109 1 Crystal Green Lane: Okotoks Apartment for sale : MLS®# A2162476
Photo 24: 109 1 Crystal Green Lane: Okotoks Apartment for sale : MLS®# A2162476
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2162476
Bedrooms:
2
Bathrooms:
2
Year Built:
2008
Welcome to #109-1 Crystal Green Lane, a stunning ground-floor condo offering 1252.46sq ft of elegant living space in the charming town of Okotoks. This exceptional home boasts a bright, open-concept layout with windows facing North and East, ensuring abundant natural light. The high-end laminate floors add a touch of sophistication, while the freshly painted walls create a modern and inviting atmosphere.Featuring two generously sized bedrooms and two full bathrooms, this condo provides ample room for comfort and privacy. The kitchen has gorgeous granite tops and is equipped with newer appliances, making meal preparation a delight. Additional highlights include a phantom screen door and windows, enhancing airflow and keeping the outdoors at bay when desired. Make sure to check out the other amenities on each floor! Weight room, putting green, readers library sitting area.This unit comes with two titled underground parking spots, offering both convenience and protection for your vehicles. HOA fees ( lake fees) are included with the condo fees. The property is situated in a well-maintained building and is truly one-of-a-kind, rarely coming to the market. Living in Okotoks means you'll enjoy proximity to excellent schools, shopping options, a nearby golf course, and beach access, adding to the overall appeal of this exceptional home. Don't miss the opportunity to make this rare gem yours!
Property Type:
Residential
Property Sub Type:
Apartment
Condo Type:
Conventional
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Low-Rise(1-4)
Total Living Area:
1,252.46 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
Condo Fee:
$637.42
Condo Fee Includes:
Amenities of HOA/Condo, Common Area Maintenance, Gas, Heat, Insurance, Maintenance Grounds, Parking, Professional Management, Reserve Fund Contributions, Sewer, Snow Removal, Trash, Water
HOA Fee Frequency:
Annually
HOA Fee Includes:
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:
North
Reg. Size:
Reg. Size Includes:
Unit Exposure:
Northeast
Floor Location:
Ground
Entry Level:
1
Stories Total:
4
Levels:
Single Level Unit
End Unit:
End Unit
Total Rooms Above Grade:
5
Year built:
2008 (Age: 16)
Bedrooms:
2 (Above Grd: 2)
Bedrooms Above Grade:
2
Bedrooms Below Grade:
0
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
0910114
Heating:
Baseboard
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding
Structure Type:
Low Rise (2-4 stories)
Ensuite:
Yes
Flooring:
Laminate
Cooling:
Other
Fireplaces:
0
Garage:
0
Garage Spaces:
2
Parking:
Stall, Titled, Underground
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Unit
HOA Fee:
$271.00
Condo Fee Frequency:
Monthly
Penncross
Crystal Green
Beach Access, Clubhouse, Fitness Center, Gazebo
Dishwasher, Electric Stove, Microwave Hood Fan, Refrigerator, Washer/Dryer
light fixtures, all window coverings, 2 portable AC units, garage door openers
Pet Restrictions or Board approval Required
Restrictions
Floor
Type
Size
Other
Main Floor
Living Room
15'11" × 15'11"
Main Floor
Kitchen
13'11" × 9'
Main Floor
Dining Room
19'2" × 9'9"
Main Floor
Bedroom - Primary
14'1" × 13'1"
Main Floor
Bedroom
16'4" × 12'8"
Main Floor
Walk-In Closet
7'3" × 6'4"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
3
Main Floor
No
4
Title to Land:
Fee Simple
Community Features:
Clubhouse, Fishing, Golf, Lake, Schools Nearby, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Breakfast Bar, Granite Counters, No Animal Home, No Smoking Home, Open Floorplan
Exterior Features:
Balcony, BBQ gas line
Patio And Porch Features:
Balcony(s)
Num. of Parcels:
0
Region:
Foothills County
Zoning:
NC
Listed Date:
Oct 21, 2024
Days on Mkt:
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    entrance
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  • Photo 12: 109 1 Crystal Green Lane: Okotoks Apartment for sale : MLS®# A2162476
    primary bedroom
  • Photo 13: 109 1 Crystal Green Lane: Okotoks Apartment for sale : MLS®# A2162476
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  • Photo 14: 109 1 Crystal Green Lane: Okotoks Apartment for sale : MLS®# A2162476
    bathroom ensuite
  • Photo 15: 109 1 Crystal Green Lane: Okotoks Apartment for sale : MLS®# A2162476
    second bedroom
  • Photo 16: 109 1 Crystal Green Lane: Okotoks Apartment for sale : MLS®# A2162476
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  • Photo 17: 109 1 Crystal Green Lane: Okotoks Apartment for sale : MLS®# A2162476
    second bathroom
  • Photo 18: 109 1 Crystal Green Lane: Okotoks Apartment for sale : MLS®# A2162476
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  • Photo 23: 109 1 Crystal Green Lane: Okotoks Apartment for sale : MLS®# A2162476
    entrance crystal ridge golf course
  • Photo 24: 109 1 Crystal Green Lane: Okotoks Apartment for sale : MLS®# A2162476
    crystal ridge golf course

Virtual Tour

Listed by RE/MAX Complete Realty
Data was last updated November 14, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
93
Avg list price:
$650,000
Min list price:
$215,000
Max list price:
$3,995,000
Avg days on market:
35
Min days on market:
1
Max days on market:
255
Avg price per sq.ft.:
$383.33
These statistics are generated based on the current listing's property type and located in Okotoks. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706