$309,000Est. $1,353/mo
4512 Riverside Dr
Riverside, Ponoka
4 Beds2 Baths1,520 sq ft
Two-Storey · Detached
Homes For Sale
Homes For Sale In Central Alberta
Every home shown with its neighbourhood, local benchmark and market context. New to buying? Start with the roadmap or find your budget.
Benchmark
$312,000Population
7,300Showing 3 Homes In Riverside
Open House Sun 12:00 – 2:00 PM
$689,000Est. $3,017/mo
Twp 432 Acreage
Riverside, Ponoka
4 + 1 Beds2.5 Baths2,260 sq ft
Acreage · Acreage
Price Reduced
$274,900Est. $1,204/mo
5210 Riverside Ave
Riverside, Ponoka
3 Beds1.5 Baths1,180 sq ft
Bungalow · Detached
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Buyer Tools
Know Your Numbers Before You Fall In Love
Budget Finder
What Can I Afford?
Based on the federal stress test and standard lender limits.
Estimated Max Price
$500,000
About $2,619/mo at 4.39%. You'd qualify at 6.39%.
Closing Costs
Alberta Closing Cost Estimator
Alberta has no land transfer tax, so closing usually costs a lot less than in BC or Ontario.
- Land Transfer Tax
- $0
- Land Titles Transfer Fee
- $500
- Mortgage Registration Fee
- $455
- Legal Fees & Disbursements
- $1,500
- Home Inspection
- $500
- Title Insurance
- $300
Estimated Total$3,255
Land Titles fees are exact provincial rates. Legal, inspection and title insurance are typical Central Alberta ranges.
The Buyer's Roadmap
Buying A Home In Alberta, Step By Step
Every stage of the deal in plain English, from your first pre-approval to getting the keys at noon on possession day.
Step 1 · Before You Shop
Get Pre-Approved
- A pre-approval is a lender actually checking your income, credit and debts. It usually holds your rate for 90 to 120 days.
- You'll be stress tested, meaning you qualify at your rate plus 2% or 5.25%, whichever is higher.
- Minimum down payment is 5% of the first $500K and 10% of the portion above that.
Good To Know: Your deposit and your down payment aren't the same thing. The deposit goes in a few days after your offer is accepted, and the rest of your down payment is due at closing.
Alberta Jargon Buster
Stress Test
The higher rate lenders use to make sure you can still make payments if rates go up.
GDS / TDS
Your housing costs (GDS) and total debts (TDS) as a share of income. Lenders cap them around 39% and 44%.
RPR
A Real Property Report. It's a survey showing where the house, fences and decks sit on the lot.
Chattels Vs Fixtures
Chattels are movable items like appliances. Fixtures are attached and normally stay with the house.
Title Insurance
A one-time policy that covers you for title problems like survey issues or fraud.