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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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47 Cimarron Estates Road
Cimarron Estates Okotoks T1S 0M9

$1,175,000
Residential beds: 3 baths: 3.0 1,843 sq. ft. built: 2016

Walking path behind home
Photo 1: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 2: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 3: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 4: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 5: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 6: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 7: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 8: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 9: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 10: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 11: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 12: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 13: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 14: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 15: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 16: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 17: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 18: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 19: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 20: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 21: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 22: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 23: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 24: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 25: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 26: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 27: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 28: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 29: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 30: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 31: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 32: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 33: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 34: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 35: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 36: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 37: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 38: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 39: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 40: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 41: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 42: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 43: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 44: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 45: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 46: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 47: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 48: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 49: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Photo 50: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2169328
Bedrooms:
3
Bathrooms:
3
Year Built:
2016
This exceptional home, located on the prestigious Cimarron Estates Road, offers stunning curb appeal and BACKS ONTO a peaceful WALKING PATH. Upon entering, you’ll be welcomed by soaring vaulted ceilings and a bright, open floor plan that is ideal for both everyday living and entertaining. The gourmet kitchen serves as the heart of the home, featuring floor to ceiling custom cabinetry, elegant GRANITE countertops, and high-end appliances that highlight the quality craftsmanship throughout. A well-positioned home office, filled with natural light and equipped with custom built-ins, adds both style and functionality. The primary suite is a spacious retreat, offering abundant natural light and direct access to a covered deck. The spa-like ensuite is designed for relaxation, featuring HEATED FLOORS a deep soaking tub and a large stand up shower. The backyard is perfect for entertaining, complete with a covered deck with RETRACTABLE SCREENS beautifully landscaped grounds, a greenhouse on concrete slab, all serviced by UNDERGROUND SPRINKLERS to maintain its lush appearance. Additional features include MAIN-FLOOR LAUNDRY and an OVERSIZED TRIPE GARAGE with EPOXY FLOORS and HEATED, along with a STAIRCASE leading to the basement from the garage. The fully finished basement is designed for gatherings, featuring a custom-built BAR and WINE ROOM, as well as a hobby room suitable for wine-making or painting. With TWO spacious BEDROOMS large enough for king sized beds and a four-piece bathroom, this lower level combines style and comfort, complete with HEATED FLOORS for added warmth. Cimarron Estates is one of Okotoks' most desirable neighbourhoods, known for its expansive estate lots that provide a perfect balance of privacy and beautifully landscaped outdoor spaces. The community is thoughtfully designed for outdoor enthusiasts, featuring extensive walking paths ideal for morning walks or evening bike rides. Conveniently located just minutes from essential amenities, this home offers easy access to grocery stores, restaurants, local boutiques, and essential services.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bungalow
Total Living Area:
1,842.65 sq. ft.
Main Level Finished Area:
1,842.65 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,696 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
14,078 sq. ft.
Lot Frontage:
68'1"
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:
Southeast
Reg. Size:
Reg. Size Includes:
Floor Location:
Below Grade
Levels:
One
Total Rooms Above Grade:
5
Year built:
2016 (Age: 8)
Bedrooms:
3 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
2
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
1410732
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stone, Stucco
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Hardwood
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
3
Parking:
Driveway, Front Drive, Heated Garage, Insulated, Oversized, Triple Garage Attached
Parking Places:
5.0
Parking Total/Covered:
5 / -
Laundry Features:
Laundry Room, Main Level
Cimarron Estates
Central Air Conditioner, Dishwasher, Dryer, Electric Range, Garage Control(s), Microwave, Refrigerator, Washer
Chest Freezer in garage
Restrictive Covenant, Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Kitchen
18'7" × 13'10"
Main Floor
Dining Room
15'7" × 12'
Main Floor
Living Room
23' × 16'6"
Main Floor
Office
12'5" × 10'5"
Main Floor
Bedroom - Primary
17'4" × 13'5"
Lower Level
Bedroom
16'3" × 12'6"
Lower Level
Bedroom
14' × 12'6"
Lower Level
Family Room
35'1" × 29'11"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
5
Main Floor
No
2
Lower Level
No
4
Title to Land:
Fee Simple
Community Features:
Park, Playground, Schools Nearby, Shopping Nearby, Sidewalks, Walking/Bike Paths
Interior Features:
Built-in Features, Ceiling Fan(s), Chandelier, Closet Organizers, Granite Counters, High Ceilings, Kitchen Island, No Animal Home, No Smoking Home, Open Floorplan, Pantry, Recessed Lighting, Soaking Tub, Storage, Sump Pump(s), Vaulted Ceiling(s), Vinyl Windows, Walk-In Closet(s), Wet Bar
Exterior Features:
Lighting
Patio And Porch Features:
Deck, Screened
Lot Features:
Backs on to Park/Green Space, Lawn, Landscaped, Level, Underground Sprinklers
Num. of Parcels:
0
Outbuildings:
Greenhouse
Fencing:
Fenced
Region:
Foothills County
Zoning:
TN
Listed Date:
Oct 02, 2024
Days on Mkt:
  • Photo 1: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
    Walking path behind home
  • Photo 2: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
    Oversized Tripe Car Garage
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  • Photo 13: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
    Home Office
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  • Photo 15: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
    1/2 bath
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  • Photo 17: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
    Primary Bedroom
  • Photo 18: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
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  • Photo 19: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
    Door to covered porch
  • Photo 20: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
    Ensuite
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  • Photo 23: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
    Lower Living Room
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  • Photo 25: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
    Bar
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  • Photo 29: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
    Hobby Room Behind Bar
  • Photo 30: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
    Enough Room for a Pool Table
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  • Photo 32: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
    Lower bath
  • Photo 33: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
    bed 2
  • Photo 34: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
    bed 3
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  • Photo 40: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
    Retractable Screens
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    Backing onto a walking trail
  • Photo 44: 47 Cimarron Estates Road: Okotoks Detached for sale : MLS®# A2169328
    Epoxy floor
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Virtual Tour

Virtual Tour

Listed by RE/MAX Real Estate (Central) and RE/MAX Landan Real Estate
Data was last updated November 14, 2024 at 05:30 AM (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:
34
Min days on market:
1
Max days on market:
254
Avg price per sq.ft.:
$383.53
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