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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
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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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24084 Range Road 252
NONE Cardston T0K 0K0

$2,100,000
Agri-Business beds: 4 baths: 5.0

Main Photo: 24084 Range Road 252: Cardston Agriculture for sale : MLS®# A2113154
Photo 1: 24084 Range Road 252: Cardston Agriculture for sale : MLS®# A2113154
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Photo 50: 24084 Range Road 252: Cardston Agriculture for sale : MLS®# A2113154
Status:
Active
Prop. Type:
Agri-Business
MLS® Num:
A2113154
Bedrooms:
4
Bathrooms:
5
This 79.0 acres with a 2543 sq ft home with a 2299 sq ft of basement living area with a walk out to the yard. This property has a beautiful view of the Rockies and only minutes from Cardston. This home has a 3 car garage that is 23' 1"" x 35' 3" with automatic garage doors.
Property Type:
Agri-Business
Property Sub Type:
Agriculture
Transaction Type:
For Sale
Possession:
Possession Date:
Major Use Description:
Barley
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
79.5 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:
Total Rooms Above Grade:
7
Bedrooms:
4 (Above Grd: 1)
Bedrooms Above Grade:
1
Bedrooms Below Grade:
3
Bathrooms:
5.0 (Full:3, Half:2)
Ensuite:
Yes
Garage:
0
NONE
None
None Known
Floor
Type
Size
Other
Main Floor
Nook
14'1" × 11'2"
Main Floor
Dining Room
12'7" × 11'8"
Main Floor
Family Room
18'6" × 15'1"
Main Floor
Kitchen
14'2" × 8'2"
Main Floor
Laundry
10'6" × 7'2"
Main Floor
Living/Dining Room Combination
10'6" × 7'2"
Main Floor
Living Room
25'11" × 21'3"
Main Floor
Mud Room
10'6" × 7'7"
Main Floor
Office
16'9" × 10'8"
Main Floor
Pantry
10'7" × 7'6"
Main Floor
Bedroom - Primary
22'11" × 16'1"
Basement
Bedroom
23'1" × 10'8"
Basement
Bedroom
21'10" × 12'
Basement
Bedroom
15'9" × 10'8"
Basement
Kitchen
16'10" × 7'5"
Basement
Game Room
33'10" × 22'
Basement
Storage
12'5" × 7'5"
Basement
Storage
12'5" × 7'5"
Basement
Storage
14' × 9'10"
Basement
Storage
8'7" × 7'4"
Floor
Ensuite
Pieces
Other
Main Floor
No
2
6'5" x 5'8"
Main Floor
Yes
4
10'4" x 18'6"
Main Floor
No
2
Basement
No
4
7'4" x 10'6"
Basement
Yes
4
10' x 10'9"
Title to Land:
Fee Simple
Lot Features:
Farm, Lawn, Garden, Many Trees, Private, Treed, Wetlands
Access To Property:
Gravel Road, Private
Num. of Parcels:
0
Outbuildings:
See Remarks
Region:
Cardston County
Zoning:
Agriculture
Listed Date:
Mar 07, 2024
Days on Mkt:
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Listed by RE/MAX CARDSTON REALTY
Data was last updated September 22, 2024 at 02:05 PM (UTC)
Diane Richardson
Cell: 403-397-3706