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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222071 Township Road 224
NONE Rural Wheatland County T0J 1N0

$509,900
Residential beds: 3 baths: 3.0 1,917 sq. ft. built: 1960

Main Photo: 222071 Township Road 224: Rural Wheatland County Detached for sale : MLS®# A2131943
Photo 1: 222071 Township Road 224: Rural Wheatland County Detached for sale : MLS®# A2131943
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Photo 45: 222071 Township Road 224: Rural Wheatland County Detached for sale : MLS®# A2131943
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2131943
Bedrooms:
3
Bathrooms:
3
Year Built:
1960
**Motivated Seller will offer creative flexibility** Experience the perfect blend of spacious living and rural charm with this exceptional country home! Set on a generous 3.88 acres, this property offers ample space to enjoy the serenity of the countryside and cultivate your own homegrown vegetables. The dugout provides a reliable irrigation source, ensuring your garden thrives with ease. Surrounded by mature trees, the home offers excellent privacy while maintaining convenient access to nearby towns including Gleichen, Strathmore, Bassano, Brooks, Drumheller, and Calgary, thanks to its prime location just off Highway 1. Step inside to a welcoming interior designed for family living. The open U-shaped kitchen features a movable island and a large dining area, ideal for gatherings and entertaining. The expansive living room, with its picture windows, invites natural light and offers picturesque views of the countryside. The main-level master bedroom is a spacious retreat with an ensuite bathroom, walk-in closet, and a private deck, perfect for relaxing evenings surrounded by nature. Additional bedrooms on the second level provide ample space for family and guests, ensuring privacy and comfort. The home is thoughtfully designed with practical features, including an office, family room, cold storage area, and extra storage rooms. The partially finished lower level offers potential for a workout or recreation space, allowing you to customize it to suit your needs. With multiple commuting options via Highway 1 or Highway 901, travel is both easy and efficient. This country home beautifully combines space, comfort, and rural living, making it an ideal retreat for those seeking a tranquil escape with modern conveniences.
Property Type:
Residential
Property Sub Type:
Detached
Condo Type:
Not a Condo
Transaction Type:
For Sale
Possession:
Possession Date:
Suite:
No
Home Style:
4 Level Split, Acreage with Residence
Total Living Area:
1,916.59 sq. ft.
Main Level Finished Area:
1,520.77 sq. ft.
Upper Level Finished Area:
395.82 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
661.5 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
3.88 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:
South
Levels:
4 Level Split
Total Rooms Above Grade:
7
Year built:
1960 (Age: 64)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:3, Half:0)
Plan:
9812670
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full, Partially Finished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Metal Siding, Wood Frame
Structure Type:
House
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Laminate, Linoleum
Cooling:
None
Fireplaces:
0
Water Supply:
Well
Sewer:
Open Discharge
Garage:
1
Garage Spaces:
1
Parking:
220 Volt Wiring, Enclosed, Single Garage Detached
Parking Covered:
2.0
Parking Places:
2.0
Parking Total/Covered:
2 / 2
Laundry Features:
In Basement, Laundry Room
NONE
Dishwasher, Microwave, Range Hood, Refrigerator, See Remarks, Stove(s), Washer/Dryer, Window Coverings
movable Island, built in armour in bedroom,1 freezer(sellers choice), any and all window coverings,Charcoal Filter system, plough in yard, both carports, dog runs
None Known
Floor
Type
Size
Other
Main Floor
Kitchen
17'5" × 8'4"
Main Floor
Dining Room
13'6" × 10'9"
Main Floor
Bedroom - Primary
24' × 15'5"
Main Floor
Walk-In Closet
7'7" × 7'5"
Main Floor
Foyer
6'3" × 3'
Main Floor
Den
9'11" × 9'3"
2nd Floor
Bedroom
13'3" × 11'1"
2nd Floor
Bedroom
13'3" × 11'6"
Lower Level
Living Room
25'5" × 13'5"
Basement
Family Room
21'9" × 11'2"
Basement
Game Room
23'2" × 15'2"
Basement
Other
12'9" × 10'3"
Basement
Storage
13'3" × 12'1"
Basement
Storage
13'3" × 12'1"
Basement
Cold Room/Cellar
7'11" × 5'
Basement
Laundry
9'6" × 8'8"
Floor
Ensuite
Pieces
Other
Main Floor
Yes
3
7'7" x 7'7"
Main Floor
No
4
5'11" x 8'1"
Basement
No
3
5'5" x 6'6"
Title to Land:
Fee Simple
Community Features:
Schools Nearby, Shopping Nearby
Interior Features:
Built-in Features, Ceiling Fan(s), Kitchen Island, Laminate Counters, Pantry, See Remarks, Sump Pump(s), Walk-In Closet(s)
Exterior Features:
Garden, Kennel, Private Entrance, Private Yard, Storage
Patio And Porch Features:
Deck, Patio, See Remarks, Side Porch
Lot Features:
Private, Treed
Num. of Parcels:
0
Fencing:
Partial
Nearest Town:
Gleichen
Region:
Wheatland County
Zoning:
CR
Listed Date:
May 15, 2024
Days on Mkt:
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Listed by RE/MAX Real Estate (Central)
Data was last updated November 16, 2024 at 02:05 AM (UTC)
Area Statistics
Listings on market:
16
Avg list price:
$1,012,450
Min list price:
$450,000
Max list price:
$2,200,000
Avg days on market:
76
Min days on market:
10
Max days on market:
227
Avg price per sq.ft.:
$581.47
These statistics are generated based on the current listing's property type and located in Rural Wheatland County. Average values are derived using median calculations.
Diane Richardson
Cell: 403-397-3706