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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538067 40 Street E
NONE Rural Foothills County T1V 1M7

$2,990,000
Residential beds: 4 baths: 3.0 3,474 sq. ft. built: 1984

Main Photo: 538067 40 Street E: Rural Foothills County Detached for sale : MLS®# A2129444
Photo 1: 538067 40 Street E: Rural Foothills County Detached for sale : MLS®# A2129444
Photo 2: 538067 40 Street E: Rural Foothills County Detached for sale : MLS®# A2129444
Photo 3: 538067 40 Street E: Rural Foothills County Detached for sale : MLS®# A2129444
Photo 4: 538067 40 Street E: Rural Foothills County Detached for sale : MLS®# A2129444
Photo 5: 538067 40 Street E: Rural Foothills County Detached for sale : MLS®# A2129444
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Photo 29: 538067 40 Street E: Rural Foothills County Detached for sale : MLS®# A2129444
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2129444
Bedrooms:
4
Bathrooms:
3
Year Built:
1984
Experience the pinnacle of country living on this expansive 89.8-acre estate, just minutes west of High River. This exclusive retreat, complete with river access, offers abundant space and amenities tailored for a large family seeking space both inside and out. Upon entering through the wrought iron, gated entrance and following the tree-lined paved lane, you'll be enveloped in a setting reminiscent of a secluded park. Indulge in the tranquility of the expansive yard, accentuated by massive trees and a serene aerated fish pond. Utilize the large well-appointed shop/barn boasting heat, water, and ample storage space for all your acreage needs. The property is fenced and cross-fenced catering to the equestrian enthusiasts, providing ample room to create riding trails or construct an outdoor riding arena. With two wells onsite, water is plentiful to sustain the house, horses, gardens, and lawns - all managed by an advanced irrigation system. The luxurious custom bungalow spans over 3,400 square feet and comprises four generous bedrooms each adorned with large bay windows, a formal dining room, sunken living room with built-in sound, a cozy family room, and an office featuring exquisite custom-built desk and shelves. Every room offers idyllic picture windows to capture the exquisite rural setting. Noteworthy is the expansive kitchen - designed for entertaining, with custom cabinetry, a wood-burning fireplace, and a sizeable walk-in pantry complete with a cold room. Further, the sunroom bathed in natural light offers a cozy retreat with a quaint wood-burning stove and picturesque views of the pristine park-like surroundings teeming with wildlife. The fully finished basement offers sprawling additional living space, suitable for a home theatre, gym, or ample storage. Despite its rural setting, the acreage is mere minutes to shopping, schools, and a hospital, providing a perfect blend of country serenity and urban conveniences. The attached, heated four-car garage ensures convenience and comfort year-round. The solid construction of this custom home and timeless design of the estate provides an ideal canvas for personalization, allowing you to craft your dream home while embracing a lifestyle characterized by luxury, privacy, and functionality. Don't overlook the chance to transform this exceptional estate into your sanctuary. Please do not enter property without listing realtor.
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:
3,473.93 sq. ft.
Main Level Finished Area:
3,473.93 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Below Grade Finished Area:
2,191.04 sq. ft.
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
89.8 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:
Levels:
One
Total Rooms Above Grade:
11
Year built:
1984 (Age: 40)
Bedrooms:
4 (Above Grd: 4)
Bedrooms Above Grade:
4
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:3, Half:0)
Heating:
Forced Air, Natural Gas
Basement:
Finished, Full
Foundation:
Poured Concrete
New Constr.:
No
Construction Material:
Brick, Wood Frame, Wood Siding
Structure Type:
House
Roof:
Other
Ensuite:
No
Flooring:
Carpet, Ceramic Tile, Hardwood, Linoleum
Cooling:
Central Air
Fireplaces:
2
Fireplace Details:
Wood Burning
Water Supply:
Well
Sewer:
Septic Field, Septic Tank
Garage:
1
Garage Spaces:
2
Parking:
Asphalt, Double Garage Attached, Driveway, Garage Door Opener, Garage Faces Side, Heated Garage, Quad or More Attached, Workshop in Garage
Parking Places:
4.0
Parking Total/Covered:
4 / -
Laundry Features:
Main Level
NONE
Built-In Oven, Central Air Conditioner, Dishwasher, Disposal, Garage Control(s), Gas Cooktop, Humidifier, Microwave, Refrigerator, Trash Compactor, Washer/Dryer, Window Coverings
N/A
None Known
Floor
Type
Size
Other
Main Floor
Bedroom
12'1" × 11'7"
Main Floor
Bedroom
12'2" × 11'7"
Main Floor
Bedroom
15'1" × 11'6"
Main Floor
Dining Room
17'10" × 11'9"
Main Floor
Family Room
17'11" × 15'6"
Main Floor
Foyer
11'4" × 7'4"
Main Floor
Kitchen
17'11" × 15'10"
Main Floor
Laundry
10'5" × 8'
Main Floor
Living Room
17'6" × 15'10"
Main Floor
Mud Room
8'3" × 7'6"
Main Floor
Office
14'10" × 8'10"
Main Floor
Pantry
11'10" × 6'2"
Main Floor
Bedroom - Primary
17' × 14'5"
Main Floor
Storage
9'6" × 2'
Main Floor
Storage
14'6" × 2'
Main Floor
Storage
5'1" × 3'7"
Main Floor
Sunroom/Solarium
15'7" × 7'5"
Main Floor
Furnace/Utility Room
16'5" × 7'5"
Main Floor
Walk-In Closet
7'2" × 7'
Basement
Bonus Room
33'11" × 24'1"
Basement
Den
18'6" × 9'11"
Basement
Game Room
37'10" × 31'2"
Basement
Storage
18'2" × 15'6"
Basement
Storage
9'11" × 6'2"
Basement
Storage
5'7" × 5'2"
Basement
Walk-In Closet
6'4" × 2'2"
Basement
Storage
47'10" × 19'7"
Floor
Ensuite
Pieces
Other
Main Floor
No
3
4'2" x 9'4"
Main Floor
No
5
8'10" x 17'
Main Floor
No
5
11'11" x 10'4"
Title to Land:
Fee Simple
Community Features:
Gated, Schools Nearby, Shopping Nearby
Interior Features:
Bookcases, Built-in Features, Double Vanity, Jetted Tub, Kitchen Island, No Animal Home, Pantry, Recessed Lighting, Soaking Tub
Exterior Features:
Fire Pit, Private Entrance
Patio And Porch Features:
Patio
Lot Features:
Brush, Front Yard, Lawn, Many Trees, Rectangular Lot
Num. of Parcels:
0
Outbuildings:
Barn, Shop
Fencing:
Cross Fenced, Fenced
Nearest Town:
High River
Region:
Foothills County
Zoning:
A
Listed Date:
May 16, 2024
Days on Mkt:
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Virtual Tour

Listed by Sotheby's International Realty Canada
Data was last updated September 20, 2024 at 12:05 PM (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.
Diane Richardson
Cell: 403-397-3706