NEW CONSTRUCTION HOMES FOR SALE UNDER $300,000 IN CALGARY

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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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26 Mount Rae Terrace
Mountainview (Okotoks) Okotoks T1S 0M6

$779,900
Residential beds: 4 baths: 3.0 2,417 sq. ft. built: 2016

Main Photo: 26 Mount Rae Terrace: Okotoks Detached for sale : MLS®# A2174592
Photo 1: 26 Mount Rae Terrace: Okotoks Detached for sale : MLS®# A2174592
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Status:
Active
Prop. Type:
Residential
MLS® Num:
A2174592
Bedrooms:
4
Bathrooms:
3
Year Built:
2016
Nestled in the desirable neighborhood of Mountainview, this stunning 4-bedroom home offers an impressive 2,400 sq ft of living space on a spacious pie lot in a quiet cul-de-sac. The main floor boasts an open concept design with 9' ceilings and hand-scraped hardwood floors throughout, featuring a chef's dream kitchen with cabinets extending to the ceiling, a large island, granite countertops, and high-end stainless steel appliances including a gas cooktop, built-in oven, and french door refrigerator. A generous walk-through pantry with a coffee bar adds convenience, while the spacious mud room provides ample storage. The inviting living room centers around a cozy gas fireplace. Upstairs, you'll find four large bedrooms, a bright and spacious laundry room, and a bonus room, along with a luxurious primary suite that includes a full 5-piece ensuite with granite counters and tile floors, plus a huge walk-in closet with custom organizers. The fully finished basement features high ceilings, vinyl plank flooring, a Dry core subfloor for added warmth, rough-in for a future bathroom, and excellent storage space. Outside, the property showcases a large backyard with a two-tiered maintenance-free composite deck and a double attached garage. This wonderful community is home to numerous families and children, boasts one of Okotoks' best playgrounds, and offers easy access to the beautiful natural spaces and walking paths in Laudan Park. Extra’s like A/C and a 2 stage dual zone furnace make this Mountainview home an ideal choice for those seeking comfort, style, and community.
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:
2,417 sq. ft.
Main Level Finished Area:
938 sq. ft.
Upper Level Finished Area:
1,480 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
733 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,702 sq. ft.
Lot Frontage:
22'8"
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:
West
Reg. Size:
Reg. Size Includes:
Levels:
Two
Total Rooms Above Grade:
8
Year built:
2016 (Age: 8)
Bedrooms:
4 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
1412382
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stone, Vinyl Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Hardwood
Cooling:
Central Air
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:
Upper Level
Mountainview (Okotoks)
Built-In Oven, Central Air Conditioner, Dishwasher, Dryer, Gas Cooktop, Refrigerator, Washer, Window Coverings
None
Restrictive Covenant
Floor
Type
Size
Other
Main Floor
Kitchen
15'6" × 12'
Main Floor
Dining Room
12'6" × 10'
Main Floor
Living Room
15'6" × 15'
Upper Level
Bonus Room
15' × 13'
Upper Level
Bedroom - Primary
16' × 13'6"
Upper Level
Bedroom
10' × 10'
Upper Level
Bedroom
11' × 10'
Upper Level
Bedroom
11'6" × 10'
Basement
Game Room
25'6" × 15'
Floor
Ensuite
Pieces
Other
Main Floor
No
2
Upper Level
No
5
Upper Level
Yes
5
Title to Land:
Fee Simple
Community Features:
Park, Pool, Shopping Nearby, Sidewalks, Street Lights, Walking/Bike Paths
Interior Features:
Closet Organizers, Granite Counters, High Ceilings, Kitchen Island
Exterior Features:
None
Patio And Porch Features:
Deck
Lot Features:
Back Yard, Cul-De-Sac, Pie Shaped Lot
Num. of Parcels:
0
Fencing:
Fenced
Region:
Foothills County
Zoning:
TN
Listed Date:
Oct 22, 2024
Days on Mkt:
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Listed by Century 21 Masters
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