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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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11 Storm Mountain Place
Mountainview (Okotoks) Okotoks T1S 0L6

$827,000
Residential beds: 3 baths: 3.0 2,577 sq. ft. built: 2013

Front - Daylight
Photo 1: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
Photo 2: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
Photo 3: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
Photo 4: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
Photo 5: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
Photo 6: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
Photo 7: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
Photo 8: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
Photo 9: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
Photo 10: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
Photo 11: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
Photo 12: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
Photo 13: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
Photo 14: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
Photo 15: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
Photo 16: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
Photo 17: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
Photo 18: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
Photo 19: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
Photo 20: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
Photo 21: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
Photo 22: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
Photo 23: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
Photo 24: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
Photo 25: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
Photo 26: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
Photo 27: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
Photo 28: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
Photo 29: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
Photo 30: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
Photo 31: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
Photo 32: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
Photo 33: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
Photo 34: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
Photo 35: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
Photo 36: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
Photo 37: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
Photo 38: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2164291
Bedrooms:
3
Bathrooms:
3
Year Built:
2013
STOP SCROLLING......You found it! The perfect family home located in a quiet cul-de-sac, where you can finally relax without worrying about cars racing down the street. Picture this: you're teaching your little girl to ride her bike for the first time, or catching your breath after the ultimate game of street hockey with your son and all the neighborhood kids on a crisp fall afternoon. These dreams can come true right here in Mountain View, Okotoks! This property features a spacious bonus room ideal for family movie nights and a generous primary bedroom with a luxurious 5-piece ensuite. The thoughtfully placed laundry room is conveniently located next to the primary walk-in closet. The kitchen is a chef’s dream, comprised of an oversized island, a gas cooktop, a wall oven, timeless painted cabinets, and a built-in wine rack and beverage center. With the dining room adjacent, this home is perfect for entertaining! A main floor living room and office are separated by a cozy feel, see-through gas fireplace crafted with custom rock and millwork. Step outside to the expansive backyard, where you’ll find ample space to kick a ball, host birthday parties, or simply unwind. The unfinished basement features extra windows and higher ceilings to make it feel airy and bright, offering endless customization possibilities. Enjoy nearby pathways at the end of the cul-de-sac, a fantastic fun-filled playground, and D'Arcy Ranch Golf Course just an easy trek up the road. Don’t miss out on this exceptional home and the cherished memories waiting to be made!
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:
2,577.46 sq. ft.
Main Level Finished Area:
1,184.62 sq. ft.
Upper Level Finished Area:
1,392.85 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,086.9 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,662 sq. ft.
Lot Frontage:
38'3"
Lot Details:
11.655 Front, 11.674 Back, 45.062 Side, 45.346 Side -Reference Grade Lot Plan Dated October 13, 2013
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:
South
Floor Location:
Below Grade
Levels:
Two
Total Rooms Above Grade:
9
Year built:
2013 (Age: 11)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
1210472
Heating:
Forced Air, Natural Gas
Basement:
Full, Unfinished
Foundation:
Poured Concrete
Builder:
Excel Homes
New Constr.:
No
Construction Material:
Cement Fiber Board, Veneer, Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Hardwood
Cooling:
None
Fireplaces:
1
Fireplace Details:
Dining Room, Gas
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Laundry Room
Mountainview (Okotoks)
Bar Fridge, Built-In Oven, Dishwasher, Gas Cooktop, Microwave, Range Hood, Refrigerator
N/A
Restrictive Covenant, Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Dining Room
14'3" × 9'7"
Main Floor
Foyer
14'4" × 10'10"
Main Floor
Kitchen
14'3" × 11'10"
Main Floor
Living Room
15'9" × 13'10"
Main Floor
Mud Room
11'2" × 8'10"
Main Floor
Office
14'8" × 14'6"
2nd Floor
Bedroom
11'7" × 10'3"
2nd Floor
Bedroom
11'6" × 9'11"
2nd Floor
Family Room
19'10" × 15'
2nd Floor
Laundry
9'10" × 5'7"
2nd Floor
Bedroom - Primary
17'5" × 16'11"
2nd Floor
Walk-In Closet
10'10" × 5'8"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
4'8" x 6'9"
2nd Floor
No
4
4'11" x 9'10"
2nd Floor
Yes
5
11'10" x 11'6"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Walking/Bike Paths
Interior Features:
Central Vacuum, Closet Organizers, Double Vanity, Granite Counters, Kitchen Island, No Smoking Home, Open Floorplan, Pantry, Recessed Lighting, Soaking Tub, Vinyl Windows, Walk-In Closet(s)
Exterior Features:
BBQ gas line
Patio And Porch Features:
Deck
Lot Features:
Back Yard, Cul-De-Sac, Few Trees, Front Yard, Lawn, Interior Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Foothills County
Zoning:
TN
Listed Date:
Oct 02, 2024
Days on Mkt:
  • Photo 1: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
    Front - Daylight
  • Photo 2: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
    Front - Daylight
  • Photo 3: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
    Front - Evening
  • Photo 4: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
    Rear of House
  • Photo 5: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
    Backyard
  • Photo 6: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
    Backyard
  • Photo 7: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
    Deck
  • Photo 8: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
    Deck
  • Photo 9: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
    Entrance
  • Photo 10: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
    Photo 10 of 38
  • Photo 11: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
    Dining Room
  • Photo 12: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
    Kitchen
  • Photo 13: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
    Kitchen
  • Photo 14: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
    Kitchen
  • Photo 15: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
    Dining Room
  • Photo 16: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
    Living Room
  • Photo 17: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
    Living Room
  • Photo 18: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
    Living Room
  • Photo 19: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
    Office
  • Photo 20: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
    Office
  • Photo 21: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
    Mudroom
  • Photo 22: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
    Half Bathroom
  • Photo 23: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
    Primary Bedroom
  • Photo 24: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
    Primary Bedroom
  • Photo 25: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
    Primary Bathroom
  • Photo 26: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
    Primary Shower
  • Photo 27: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
    Primary Bathroom
  • Photo 28: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
    Primary Bathroom
  • Photo 29: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
    Primary Bedroom
  • Photo 30: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
    Primary Bedroom
  • Photo 31: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
    Primary Walk-In Closet
  • Photo 32: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
    Laundry - Upper Level
  • Photo 33: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
    Main Bathroom - Upper
  • Photo 34: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
    Bedroom
  • Photo 35: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
    Bedroom
  • Photo 36: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
    Bonus Room
  • Photo 37: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
    Bonus Room
  • Photo 38: 11 Storm Mountain Place: Okotoks Detached for sale : MLS®# A2164291
    View from Bonus to Entrance
Listed by Real Broker
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