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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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260 Hillcrest Boulevard
Hillview Estates Strathmore T1P 1V4

$550,000
Residential beds: 4 baths: 3.0 1,427 sq. ft. built: 2005

Front porch with duradecking
Photo 1: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 2: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 3: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 4: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 5: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 6: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 7: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 8: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 9: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 10: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 11: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 12: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 13: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 14: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 15: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 16: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 17: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 18: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 19: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 20: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 21: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 22: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 23: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 24: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 25: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 26: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 27: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 28: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 29: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 30: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 31: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 32: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 33: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 34: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 35: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 36: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 37: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 38: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 39: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 40: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 41: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Photo 42: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2166965
Bedrooms:
4
Bathrooms:
3
Year Built:
2005
Welcome to this well maintained bi-level home in the sought after community of Hillview Estates in Strathmore. Walking in you will notice the open concept and vaulted ceilings. The Tropical walnut HARDWOOD Floors are stunning! The living room is a great size and has a gas fireplace to cozy up too for the colder months ahead! The kitchen has a great layout with TONS OF STORAGE and has a dining area that will fit a larger table. You will find the door to your back deck which is no maintenance duradeck, the yard is a great size for your family events and you back onto the soccer/baseball field so no neighbours behind you! Enjoy a coffee on the east facing back deck to watch the sunrise and watch the sunset from the cute porch on the front. The home boasts a great sized primary bedroom with a walk-in closet and a 4 pc ensuite, you will find 2 more great sized junior bedrooms to complete the main floor. The basement is fully finished and is a great space for entertaining, the pool table is included! You will find a 2 pc bathroom, large laundry room with lots of storage. You will also find a 4th bedroom - what a great space for a teenager! Don’t forget the home has central air! This home is looking for a new family to make it home and has great neighbours!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Bi-Level
Total Living Area:
1,427.12 sq. ft.
Main Level Finished Area:
1,427.12 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,380 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
5,704 sq. ft.
Lot Frontage:
50'½"
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:
Unit Exposure:
West
Levels:
Bi-Level
Total Rooms Above Grade:
7
Year built:
2005 (Age: 19)
Bedrooms:
4 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
0312209
Heating:
Forced Air
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Vinyl Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Hardwood, Linoleum
Cooling:
Central Air
Fireplaces:
1
Fireplace Details:
Gas
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
In Basement
Hillview Estates
Central Air Conditioner, Dishwasher, Garage Control(s), Gas Range, Range Hood, Washer/Dryer
Pool Table
Utility Right Of Way
Floor
Type
Size
Other
Main Floor
Kitchen
14'11" × 10'3"
Main Floor
Living Room
17'6" × 14'11"
Main Floor
Dining Room
14'11" × 8'9"
Main Floor
Bedroom - Primary
14'10" × 11'5"
Main Floor
Bedroom
11'3" × 10'7"
Main Floor
Bedroom
10'10" × 9'9"
Main Floor
Family Room
16'10" × 14'9"
Lower Level
Game Room
18'9" × 11'3"
Lower Level
Bedroom
16'6" × 12'4"
Lower Level
Laundry
13'6" × 11'9"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
4
Main Floor
No
4
Lower Level
No
2
Title to Land:
Fee Simple
Community Features:
Golf, Park, Playground, Pool, Schools Nearby, Shopping Nearby, Sidewalks
Interior Features:
Ceiling Fan(s), High Ceilings, Kitchen Island, No Animal Home
Exterior Features:
None
Patio And Porch Features:
Deck, Porch
Lot Features:
Backs on to Park/Green Space, No Neighbours Behind
Num. of Parcels:
0
Outbuildings:
Shed
Fencing:
Fenced
Region:
Wheatland County
Zoning:
R1
Listed Date:
Sep 19, 2024
Days on Mkt:
  • Photo 1: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    Front porch with duradecking
  • Photo 2: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    Photo 2 of 42
  • Photo 3: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    Living room
  • Photo 4: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    beautiful Tropical walnut hardwood
  • Photo 5: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    Photo 5 of 42
  • Photo 6: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    Gas fireplace
  • Photo 7: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    Kitchen
  • Photo 8: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    Island
  • Photo 9: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    Photo 9 of 42
  • Photo 10: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    Photo 10 of 42
  • Photo 11: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    dining area
  • Photo 12: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    Photo 12 of 42
  • Photo 13: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    Primary Bedroom
  • Photo 14: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    Primary
  • Photo 15: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    Ensuite
  • Photo 16: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    Junior Bedroom 1
  • Photo 17: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    Photo 17 of 42
  • Photo 18: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    Junior bedroom 2
  • Photo 19: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    Photo 19 of 42
  • Photo 20: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    main bathroom
  • Photo 21: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    Rec Room with Pool table Staying
  • Photo 22: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    Photo 22 of 42
  • Photo 23: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    Photo 23 of 42
  • Photo 24: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    Lower Bedroom
  • Photo 25: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    Photo 25 of 42
  • Photo 26: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    basement
  • Photo 27: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    Photo 27 of 42
  • Photo 28: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    2pc bath in basement
  • Photo 29: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    large laundry room
  • Photo 30: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    Photo 30 of 42
  • Photo 31: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    back deck - duradeck
  • Photo 32: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    Photo 32 of 42
  • Photo 33: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    Photo 33 of 42
  • Photo 34: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    Photo 34 of 42
  • Photo 35: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    back yard
  • Photo 36: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    back yard
  • Photo 37: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    Photo 37 of 42
  • Photo 38: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    Field behind house
  • Photo 39: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    Photo 39 of 42
  • Photo 40: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    Photo 40 of 42
  • Photo 41: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    baseball diamonds behind property
  • Photo 42: 260 Hillcrest Boulevard: Strathmore Detached for sale : MLS®# A2166965
    Photo 42 of 42
Listed by CIR Realty
Data was last updated November 16, 2024 at 05:30 AM (UTC)
Area Statistics
Listings on market:
51
Avg list price:
$500,000
Min list price:
$179,999
Max list price:
$2,200,000
Avg days on market:
36
Min days on market:
2
Max days on market:
217
Avg price per sq.ft.:
$359.28
These statistics are generated based on the current listing's property type and located in Strathmore. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706