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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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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Horse Creek Road
Rural Rocky View MD Rural Rocky View County T0L 0W0

$2,800,000
Land

Main Photo: Horse Creek Road in Rural Rocky View County: Rural Rocky View MD Land for sale : MLS®# A1056388
Photo 1: Horse Creek Road in Rural Rocky View County: Rural Rocky View MD Land for sale : MLS®# A1056388
Photo 2: Horse Creek Road in Rural Rocky View County: Rural Rocky View MD Land for sale : MLS®# A1056388
Photo 3: Horse Creek Road in Rural Rocky View County: Rural Rocky View MD Land for sale : MLS®# A1056388
Photo 4: Horse Creek Road in Rural Rocky View County: Rural Rocky View MD Land for sale : MLS®# A1056388
Photo 5: Horse Creek Road in Rural Rocky View County: Rural Rocky View MD Land for sale : MLS®# A1056388
Photo 6: Horse Creek Road in Rural Rocky View County: Rural Rocky View MD Land for sale : MLS®# A1056388
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Photo 12: Horse Creek Road in Rural Rocky View County: Rural Rocky View MD Land for sale : MLS®# A1056388
Photo 13: Horse Creek Road in Rural Rocky View County: Rural Rocky View MD Land for sale : MLS®# A1056388
Photo 14: Horse Creek Road in Rural Rocky View County: Rural Rocky View MD Land for sale : MLS®# A1056388
Photo 15: Horse Creek Road in Rural Rocky View County: Rural Rocky View MD Land for sale : MLS®# A1056388
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Photo 17: Horse Creek Road in Rural Rocky View County: Rural Rocky View MD Land for sale : MLS®# A1056388
Photo 18: Horse Creek Road in Rural Rocky View County: Rural Rocky View MD Land for sale : MLS®# A1056388
Photo 19: Horse Creek Road in Rural Rocky View County: Rural Rocky View MD Land for sale : MLS®# A1056388
Photo 20: Horse Creek Road in Rural Rocky View County: Rural Rocky View MD Land for sale : MLS®# A1056388
Photo 21: Horse Creek Road in Rural Rocky View County: Rural Rocky View MD Land for sale : MLS®# A1056388
Photo 22: Horse Creek Road in Rural Rocky View County: Rural Rocky View MD Land for sale : MLS®# A1056388
Photo 23: Horse Creek Road in Rural Rocky View County: Rural Rocky View MD Land for sale : MLS®# A1056388
Photo 24: Horse Creek Road in Rural Rocky View County: Rural Rocky View MD Land for sale : MLS®# A1056388
Status:
Active
Prop. Type:
Land
MLS® Num:
A1056388
Incredible scenic 1/4 section of land. There is also an adjoining 1/4 section of land that can be purchased in conjunction with this one. Potentially 1/2 section of land only minutes from Cochrane off of Horse Creek Road. Rolling hills, lush greens and groups of trees cover the land. Suitable for grazing/agriculture now or as an investment/development. The last water test yielded an amazing 60 GPM. Nearby subdivisions have smaller 4 acre parcel rural residential homes. The potential and opportunities are endless.
Property Type:
Land
Property Sub Type:
Land
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
164 acre(s)
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:
Reg. Size:
Reg. Size Includes:
Bathrooms:
- (Full:-, Half:-)
Ensuite:
No
Garage:
0
NONE
Just land
None Known
Community Features:
Schools Nearby, Shopping Nearby
Lot Features:
Brush, Few Trees, Standard Shaped Lot, Pasture, Rolling Slope, See Remarks, Treed
Num. of Parcels:
0
Fencing:
Cross Fenced
Nearest Town:
Cochrane
Region:
Rocky View County
Zoning:
RF
Listed Date:
Dec 28, 2020
Days on Mkt:
  • Photo 1: Horse Creek Road in Rural Rocky View County: Rural Rocky View MD Land for sale : MLS®# A1056388
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Listed by RE/MAX Real Estate (Central)
Data was last updated September 28, 2024 at 02:05 AM (UTC)
Area Statistics
Listings on market:
95
Avg list price:
$1,499,999
Min list price:
$100,000
Max list price:
$12,800,000
Avg days on market:
120
Min days on market:
2
Max days on market:
1,664
These statistics are generated based on the current listing's property type and located in Rural Rocky View MD. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706