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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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203 3rd Avenue W
NONE Hussar T0J 1S0

$290,000
Residential beds: 4 baths: 2.0 1,040 sq. ft. built: 1983

Main Photo: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
Photo 1: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
Photo 2: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
Photo 3: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
Photo 4: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
Photo 5: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
Photo 6: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
Photo 7: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
Photo 8: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
Photo 9: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
Photo 10: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
Photo 11: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
Photo 12: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
Photo 13: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
Photo 14: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
Photo 15: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
Photo 16: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
Photo 17: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
Photo 18: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
Photo 19: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
Photo 20: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
Photo 21: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
Photo 22: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
Photo 23: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
Photo 24: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
Photo 25: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
Status:
Sold
Sold Date:
Aug 23, 2024
Listed Price:
$299,900
Sold Price:
$290,000
Sold in:
184 days
Prop. Type:
Residential
MLS® Num:
A2109233
Bedrooms:
4
Bathrooms:
2
Year Built:
1983
You have been talking for years about moving out of the city – here is home sweet home! This well cared for bungalow has everything you need. The spacious yard with open views of the prairies will bring peace and tranquility to your soul. Relax on the front or back deck and take in the fresh country air. Both decks are maintenance free – constructed with composite decking material. This 3 bedroom classic bungalow floorplan has room for the whole family. Many windows provide for lots of natural light. The living room and kitchen windows have been recently upgraded as well as the backdoor. Large windows in the basement make a great area for the family to gather. New carpet has been installed in the family room and basement bedroom. A large utility room houses the washer and dryer while providing additional storage space for all your treasures. The detached double garage has all the space you need for parking and yard equipment. Come out to Hussar to see the full potential of this great property!
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
15 Days / Neg
Possession Date:
Mar 11, 2024
Suite:
No
Home Style:
Bungalow
Total Living Area:
1,040 sq. ft.
Main Level Finished Area:
1,040 sq. ft.
Below Grade Finished Area:
1,040 sq. ft.
Taxes:
$1,736 / 2023
Lot Area:
5,500 sq. ft.
Lot Frontage:
50'
Lot Details:
50x130
Front Exposure:
North
Unit Exposure:
West
Floor Location:
Below Grade
Levels:
One
Total Rooms Above Grade:
6
Year built:
1983 (Age: 41)
Bedrooms:
4
Bedrooms Above Grade:
3
Bedrooms Below Grade:
1
Bathrooms:
2.0 (Full:2, Half:0)
Plan:
6780AM
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Wood
New Constr.:
No
Construction Material:
Wood Frame, Wood Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
No
Flooring:
Carpet, Linoleum
Cooling:
None
Fireplaces:
0
Garage:
1
Garage Spaces:
2
Parking:
Alley Access, Driveway, Single Garage Detached
Parking Places:
2.0
Parking Total/Covered:
2 / -
Laundry Features:
In Basement
NONE
Dishwasher, Dryer, Electric Stove, Refrigerator, Washer, Window Coverings
some furniture may be available to purchase - excluding kitchen table and chairs - please contact realtor for details.
None Known
Floor
Type
Size
Other
2nd Floor
Living Room
17'6" × 12'1"
2nd Floor
Kitchen
12'1" × 10'4"
2nd Floor
Dining Room
8'1" × 7'5"
2nd Floor
Bedroom - Primary
12'2" × 12'1"
2nd Floor
Bedroom
9'2" × 8'9"
2nd Floor
Bedroom
9'9" × 8'9"
Basement
Family Room
24'8" × 11'6"
Basement
Bedroom
17'6" × 12'1"
Basement
Game Room
11'11" × 9'
Floor
Ensuite
Pieces
Other
2nd Floor
No
4
4'11" x 7'6"
Basement
No
3
5'5" x 7'11"
Title to Land:
Fee Simple
Community Features:
Park, Playground, Sidewalks, Street Lights
Interior Features:
Ceiling Fan(s)
Exterior Features:
BBQ gas line
Patio And Porch Features:
Deck
Lot Features:
Back Lane, Back Yard
Num. of Parcels:
0
Fencing:
None
Region:
Wheatland County
Zoning:
rur1
Listed Date:
Feb 21, 2024
Days on Mkt:
184
  • Photo 1: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
    Photo 1 of 25
  • Photo 2: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
    Photo 2 of 25
  • Photo 3: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
    Photo 3 of 25
  • Photo 4: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
    Front window view
  • Photo 5: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
    Photo 5 of 25
  • Photo 6: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
    Kitchen
  • Photo 7: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
    Kitchen area with new window
  • Photo 8: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
    Kitchen pantry
  • Photo 9: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
    Dining area
  • Photo 10: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
    Living room
  • Photo 11: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
    Living room
  • Photo 12: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
    Primary Bedroom
  • Photo 13: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
    2nd closet in Primary
  • Photo 14: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
    Photo 14 of 25
  • Photo 15: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
    Bedroom/Office
  • Photo 16: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
    3rd bedroom
  • Photo 17: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
    mainfloor bathroom
  • Photo 18: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
    Family room
  • Photo 19: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
    Family room
  • Photo 20: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
    Basement bathroom
  • Photo 21: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
    Photo 21 of 25
  • Photo 22: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
    Large bedroom in basement
  • Photo 23: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
    Basement storage and utility room
  • Photo 24: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
    Photo 24 of 25
  • Photo 25: 203 3rd Avenue W: Hussar Detached for sale : MLS®# A2109233
    Photo 25 of 25
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Listed by Real Estate Professionals Inc.
Data was last updated September 29, 2024 at 02:05 AM (UTC)
Diane Richardson
Cell: 403-397-3706