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)
Contact Diane Richardson Easily With These Simple Steps:
Contact Form: Use the contact form on my website to send me a direct message. Please include your name, email address, and a message, and I will respond as soon as possible.
Phone Number: Call me directly at 403.397.3706 with any questions or to schedule viewings.
Email Address: Reach out to me at Diane for any inquiries or to request additional information.
Live Chat: Utilize the live chat feature on my website for real-time communication and immediate answers to your questions.
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!
Welcome to "Terra-Maura" within the sought-after gated equestrian community of Square Butte Ranch. This custom-built executive timber-framed bungalow boasts 4,428 SQ. FT. of meticulously designed living space and is situated perfectly on a private 3.66-acre lot. Upon arrival at this exquisite property, a sense of peace and tranquility envelops you. The main floor of this impressive residence features 24' vaulted ceilings, expansive wall-to-wall windows, and breathtaking west views from every room. The custom kitchen caters to the at-home gourmet, offering spectacular views, high-end stainless steel appliances, and a spacious pantry, and seamlessly opens into a formal dining room, wet bar, and living space highlighted by a stunning stone-faced fireplace and vaulted ceilings accentuated by cedar beams. The primary bedroom is generously proportioned and boasts a spa-like five-piece ensuite with a corner jacuzzi tub, shower, dual vanity, walk-in closets, and access to the spacious deck. The fully finished walkout basement includes three bedrooms (two featuring built-in 7-foot-long bunk adult beds, one with a 4-piece ensuite), a cooled wine cellar, a gym adjacent to a three-piece bathroom with a steam shower, ample storage, and access to the oversized two-car garage. The upper loft encompasses a cozy theater room, a comfortable sitting area, and an impressive office/loft space. This entertainer's paradise boasts 4 bedrooms, accommodating up to 13 guests. Situated in an ideal location, it offers outstanding outdoor and covered living spaces, including a wrap-around balcony with a BBQ area, a cozy covered patio featuring a hot tub, a fire pit with a sitting area, a playset, Bocce pitch, toboggan hill, and breathtaking westward views. Perfect for capturing stunning sunrises and sunsets, this retreat promises unforgettable moments. Presenting 480 acres of communal land at Square Butte Ranch, showcasing a professionally managed equestrian facility, barn, shelters, pastures, paddocks, an outdoor arena, saloon, gym, disc golf, and three ponds for stocked fishing, skating, and hockey. Residents also enjoy access to the trails of Kananaskis Country and McLean Creek, making it an ideal haven for outdoor enthusiasts and adventure seekers. The location offers a plethora of amenities, including golf, hiking, skating, fishing, road cycling, mountain biking, dirt biking, target shooting, cross-country skiing, snowshoeing, camping, and more. Conveniently situated, the property is just a short drive to Millarville, Bragg Creek, Elbow Falls, the majestic Rockies, and only 40 minutes to downtown Calgary. Explore our features list, detailed virtual tour/floor plans, and property video. To truly grasp the essence of this property, a visit is a must!
Gas Log, Living Room, Mantle, Mixed, Stone, Wood Burning
Water Supply:
Co-operative
Sewer:
Septic System
Garage:
1
Garage Spaces:
2
Parking:
Double Garage Attached
Parking Places:
10.0
Parking Total/Covered:
10 /
-
Laundry Features:
Laundry Room
Condo Fee Frequency:
Monthly
Z-name Not Listed
Square Butte
Clubhouse, Community Gardens, Fitness Center, Party Room, Picnic Area, Recreation Facilities, Recreation Room, RV/Boat Storage
Dishwasher, Double Oven, Garage Control(s), Gas Cooktop, Range Hood, Refrigerator, Washer/Dryer, Window Coverings
Hot Tub, Gym Equipment, (furniture negotiable)
Restrictive Covenant, Utility Right Of Way
Yes
Floor
Type
Size
Other
Main Floor
Other
20'3"6.17 m × 15'4.57 m
Main Floor
Dining Room
50'4"15.34 m × 48'11"14.91 m
Main Floor
Kitchen
51'5"15.67 m × 41'10"12.75 m
Main Floor
Living Room
95'9"29.18 m × 81'9"24.92 m
Main Floor
Bedroom - Primary
65'4"19.91 m × 45'8"13.92 m
Upper Level
Media Room
49'9"15.16 m × 39'11"12.17 m
Upper Level
Loft
99'10"30.43 m × 53'1"16.18 m
Basement
Bedroom
45'11"14.00 m × 44'13.41 m
Basement
Bedroom
44'13.41 m × 42'11"13.08 m
Basement
Bedroom
44'10"13.67 m × 44'13.41 m
Basement
Exercise Room
67'3"20.50 m × 49'3"15.01 m
Basement
Laundry
49'9"15.16 m × 27'11"8.51 m
Basement
Storage
21'7"6.58 m × 21'4"6.50 m
Basement
Storage
25'5"7.75 m × 13'11"4.24 m
Basement
Furnace/Utility Room
52'3"15.93 m × 21'7"6.58 m
Basement
Walk-In Closet
23'3"7.09 m × 21'7"6.58 m
Basement
Cold Room/Cellar
23'7.01 m × 21'7"6.58 m
Floor
Ensuite
Pieces
Other
Main Floor
No
2
14'9" x 14'9"
Main Floor
Yes
5
30'11" x 33'1"
Basement
No
3
27'8" x 21'7"
Basement
Yes
4
25'2" x 22'8"
Title to Land:
Fee Simple
Community Features:
Clubhouse, Fishing, Gated, Lake, Park, Walking/Bike Paths
Interior Features:
Bar, Built-in Features, Ceiling Fan(s), Chandelier, Closet Organizers, Double Vanity, High Ceilings, Jetted Tub, Kitchen Island, Natural Woodwork, No Smoking Home, Open Floorplan, Pantry, Storage, Vaulted Ceiling(s), Walk-In Closet(s)
Exterior Features:
Private Yard, Balcony, BBQ gas line, Fire Pit, Playground, Private Entrance, Rain Gutters
Patio And Porch Features:
Deck, Front Porch, Patio, Wrap Around
Lot Features:
Back Yard, Backs on to Park/Green Space, Cul-De-Sac, Environmental Reserve, Front Yard, Lawn, Landscaped, Many Trees, Native Plants, Yard Drainage, Private, Treed, Views
Data was last updated September 20, 2024 at 10:05 AM (UTC)
Area Statistics
Listings on market:
109
Avg list price:
$1,798,900
Min list price:
$310,000
Max list price:
$19,500,000
Avg days on market:
64
Min days on market:
2
Max days on market:
504
Avg price per sq.ft.:
$708.76
These statistics are generated based on the current listing's property type
and located in
Rural Foothills County. Average values are
derived using median calculations.
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.