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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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240097 Boundary Road
Rural Rocky View MD Rural Rocky View County T1X 2J7

$1,349,000
Residential beds: 8 baths: 3.0 2,514 sq. ft. built: 1976

Main Photo: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Photo 1: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Photo 2: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Photo 3: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Photo 4: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Photo 5: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Photo 6: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Photo 7: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Photo 8: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Photo 9: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Photo 10: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Photo 11: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Photo 12: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Photo 13: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Photo 14: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Photo 15: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
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Photo 17: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Photo 18: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Photo 19: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Photo 20: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Photo 21: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Photo 22: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Photo 23: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Photo 24: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Photo 25: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Photo 26: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Photo 27: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Photo 28: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Photo 29: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Photo 30: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Photo 31: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Photo 32: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Photo 33: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Photo 34: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Photo 35: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Photo 36: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Photo 37: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Photo 38: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Photo 39: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Photo 40: 240097 Boundary Road in Rural Rocky View County: Rural Rocky View MD Detached for sale : MLS®# A2163522
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2163522
Bedrooms:
8
Bathrooms:
3
Year Built:
1976
Welcome to a charming retreat perfect for horse enthusiasts! This property has everything you need, starting with a outdoor riding arena and a newer 4-stall barn. Nestled on 20 beautiful acres, it’s the ideal spot to enjoy the peace and quiet of country living while still being just minutes from Langdon and Chestermere. The home offers over 3,600 sq. ft. of living space, with 6 bedrooms on the upper floor and an additional 2 bedrooms downstairs. The new addition over the garage was built in 2007, adding even more flexibility to the layout. You’ll appreciate the convenience of having an Esso service station less than 3 kms away. This property offers all the space and privacy you need. With a bit of elbow grease, you can turn this into the equestrian estate you’ve always dreamed of! Even better, De Havilland is opening a brand-new facility called De Havilland Field just 5 km away. This exciting addition to the area will feature a state-of-the-art aircraft assembly facility, a runway, parts manufacturing and distribution centers. There’s also going to be educational space for training the next generation of workers, office buildings, and a De Havilland Canada aircraft museum! With around 1,500 new jobs expected, this area is set to thrive, making this property a fantastic investment.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
Acreage with Residence, Split Level
Total Living Area:
2,513.52 sq. ft.
Main Level Finished Area:
2,513.52 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,180.68 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
19.57 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:
Front Exposure:
East
Reg. Size:
Reg. Size Includes:
Unit Exposure:
East
Levels:
3 Level Split
Total Rooms Above Grade:
11
Year built:
1976 (Age: 48)
Bedrooms:
8 (Above Grd: 6)
Bedrooms Above Grade:
6
Bedrooms Below Grade:
2
Bathrooms:
3.0 (Full:2, Half:1)
Plan:
7510371
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco, Vinyl Siding
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Hardwood, Laminate
Cooling:
None
Fireplaces:
2
Fireplace Details:
Brick Facing, Wood Burning
Water Supply:
Well
Sewer:
Septic Field, Septic Tank
Garage:
1
Garage Spaces:
3
Parking:
Garage Faces Front, Gravel Driveway, RV Access/Parking, Triple Garage Attached
Parking Places:
10.0
Parking Total/Covered:
10 / -
Laundry Features:
In Basement
NONE
Electric Range, Range Hood, Refrigerator, Washer/Dryer
Horse Barn
None Known
Floor
Type
Size
Other
Main Floor
Bedroom
37'9" × 36'5"
Main Floor
Bedroom
36'5" × 36'5"
Main Floor
Bedroom
36'5" × 29'10"
Main Floor
Bedroom
34'5" × 32'6"
Main Floor
Bedroom
45'7" × 36'5"
Main Floor
Dining Room
39'8" × 33'6"
Main Floor
Family Room
91'3" × 40'4"
Main Floor
Kitchen
43' × 41'
Main Floor
Living Room
50'2" × 43'
Main Floor
Bedroom - Primary
54'2" × 52'10"
Main Floor
Sunroom/Solarium
46'7" × 22'8"
Main Floor
Walk-In Closet
36'5" × 14'9"
Basement
Bedroom
43'4" × 33'2"
Basement
Bedroom
45'3" × 42'4"
Basement
Bonus Room
45'7" × 33'2"
Basement
Game Room
64' × 39'8"
Basement
Storage
43' × 18'8"
Basement
Furnace/Utility Room
42'8" × 31'6"
Floor
Ensuite
Pieces
Other
Main Floor
No
3
21'8" x 45'7"
Main Floor
Yes
6
53'2" x 25'11"
Basement
No
2
19' x 42'8"
Title to Land:
Fee Simple
Community Features:
None
Interior Features:
Ceiling Fan(s)
Exterior Features:
Balcony
Patio And Porch Features:
Balcony(s), Deck, Front Porch
Lot Features:
Lake, No Neighbours Behind
Num. of Parcels:
0
Outbuildings:
Shed, Barn
Fencing:
Partial
Nearest Town:
Langdon
Region:
Rocky View County
Zoning:
Agriculture
Listed Date:
Sep 09, 2024
Days on Mkt:
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Virtual Tour

Virtual Tour

Listed by CIR Realty
Data was last updated September 28, 2024 at 02:05 AM (UTC)
Area Statistics
Listings on market:
208
Avg list price:
$1,709,400
Min list price:
$459,900
Max list price:
$9,750,000
Avg days on market:
58
Min days on market:
1
Max days on market:
1,222
Avg price per sq.ft.:
$649.88
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