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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64144 434 Avenue W
NONE Rural Foothills County T1S 6A2

$995,500
Residential beds: 4 baths: 1.0 1,526 sq. ft. built: 1949

Main Photo: 64144 434 Avenue W: Rural Foothills County Detached for sale : MLS®# A2127526
Photo 1: 64144 434 Avenue W: Rural Foothills County Detached for sale : MLS®# A2127526
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Photo 41: 64144 434 Avenue W: Rural Foothills County Detached for sale : MLS®# A2127526
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2127526
Bedrooms:
4
Bathrooms:
1
Year Built:
1949
OPEN HOUSE - Saturday October 5th 12pm to 3pm and Sunday October 6th 12pm to 3pm. The classic farm house where you walk into the mud room - kick off your boots - and step up to a beautiful country kitchen and the coffee is always on. This terrific 6.72 acres is the home place which belonged to the historical Mounkes Ranch. A 1536 square foot, 4 bedroom, fully renovated home that certainly has the original farm house vibe while at the same time offering you the energy efficiency of triple pane windows, steel roof, and central air conditioning.. The home is tucked away behind a grove of caragana bushes that provides privacy and a hideaway to many species of birds. Gorgeous Foothills of the Rocky Mountain views surround this property that also features a little creek that runs south to the Sheep River. Along with your comfy cozy farm house the property also features a full of character red barn with loft and a purposeful workshop with a red western facade. The property easily lends itself to a great set up for horses or hobby farm with goats, sheep, rabbits, and lots of space for a productive country garden. This house has a full basement and you can tell that it's been built to last a long time. Downstairs also offers the traditional cold storage rooms for the pickling and preserves you'll be getting out of your garden. Of course location of a home is always a significant asset and this property is conveniently set between the town of Diamond Valley and it's amazing small town feel full of great coffee houses, restaurants, and other incredible retail shops and Okotoks which offers you all the amenities required. It's a lifestyle that many are looking for in this day and age. Relaxing in your big country living room full of soothing sunshine and feeling the warmth of the hardwood floors. It's full of life and all yours to enjoy.
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, Bungalow
Total Living Area:
1,526 sq. ft.
Main Level Finished Area:
1,526 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
1,526 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
6.4 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:
South
Reg. Size:
Reg. Size Includes:
Unit Exposure:
South
Levels:
One
Total Rooms Above Grade:
6
Year built:
1949 (Age: 75)
Bedrooms:
4 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
0
Bathrooms:
1.0 (Full:1, Half:0)
Plan:
9512189
Heating:
Forced Air
Basement:
Full, Unfinished
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Stucco
Structure Type:
House
Roof:
Metal
Ensuite:
No
Flooring:
Carpet, Hardwood, Vinyl Plank
Cooling:
Central Air
Fireplaces:
0
Water Supply:
Well
Sewer:
Septic System
Garage:
0
Parking:
Parking Pad
Laundry Features:
In Basement
NONE
Dishwasher, Dryer, Gas Stove, Gas Water Heater, Refrigerator, Washer, Water Purifier, Central Air Conditioner
N/A
None Known
Floor
Type
Size
Other
Main Floor
Entrance
4'7" × 3'9"
Main Floor
Living Room
19'10" × 18'1"
Main Floor
Kitchen With Eating Area
17'4" × 14'8"
Main Floor
Mud Room
4'5" × 3'5"
Main Floor
Bedroom - Primary
11'4" × 11'1"
Main Floor
Bedroom
11'4" × 11'2"
Main Floor
Bedroom
11'3" × 11'
Main Floor
Bedroom
11' × 10'4"
Floor
Ensuite
Pieces
Other
Main Floor
No
4
0' x 0'
Title to Land:
Fee Simple
Community Features:
Schools Nearby, Shopping Nearby
Interior Features:
Granite Counters, Natural Woodwork, Vinyl Windows, Central Vacuum
Exterior Features:
Garden, Private Yard
Patio And Porch Features:
Patio
Lot Features:
Creek/River/Stream/Pond, Lawn, Garden, Gentle Sloping, No Neighbours Behind, Seasonal Water, Level, Native Plants, Pasture, Private, Rectangular Lot, Views
Num. of Parcels:
0
Outbuildings:
Shed, Barn, Shop
Fencing:
Fenced
Nearest Town:
Black Diamond
Region:
Foothills County
Zoning:
RUR3
Listed Date:
May 06, 2024
Days on Mkt:
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Virtual Tour

Virtual Tour

Listed by Keller Williams BOLD Realty
Data was last updated November 13, 2024 at 02:05 AM (UTC)
Area Statistics
Listings on market:
84
Avg list price:
$1,957,000
Min list price:
$678,000
Max list price:
$14,900,000
Avg days on market:
76
Min days on market:
5
Max days on market:
557
Avg price per sq.ft.:
$652.38
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.
Diane Richardson
Cell: 403-397-3706