Exciting new and affordable lot opportunities are now available in the thriving new community of Westwinds in Morinville. If you’ve been looking for the opportunity to build your dream home on your perfect lot in your ideal neighborhood, now is your chance!
How Much Can You Save By Choosing a Lot in Westwinds in Morinville?
As mentioned above, choosing a lot in communities such as Westwinds in Morinville can lead to substantial savings. In fact, compared to larger cities such as St. Albert, the difference can amount to tens of thousands of dollars!
Mortgage Comparison on New Construction Homes In Morinville vs. St Albert
- Home Price in Morinville: $599,000*
- Home Price in St. Albert: $789,000*
- Mortgage Rate: 4.04%, 5-year fixed rate
- Mortgage Term: 25 years
- Down Payment: 10% of the home price for both scenarios
- Payment Frequency: Bi-Weekly
Lower Monthly Mortage Payments
Choosing a home in Morinville also means you’ll have lower monthly mortgage payments. Here’s a simple look at the savings you can expect when you pick Morinville for your new home.
Monthly Mortgage Payment in Morinville:
- Down Payment: 10% of $599,000 = $59,900
- Mortgage Amount: $599,000 – $59,000 = $539,000
- Monthly Interest Rate: 4.04% / 5-yr/fix
- Amortization: 25-years
- Bi-Weekly Mortgage Payment in Morinville: $1,354
Monthly Mortgage Payment in St. Albert:
- Down Payment: 10% of $789,000 = $78,900
- Mortgage Amount: $789,000 – $78,900 = $710,000
- Monthly Interest Rate: 4.04% / 5-yr/fix
- Amortization: 25-years
- Bi-Weekly Mortgage Payment in St. Albert: $1,783
Lower COST OF LIVING
If you’re thinking about moving to Morinville, you’ll benefit from lower property taxes and living costs compared to nearby St. Albert. Here’s a breakdown of the savings you can expect when choosing Westwinds as your new home.
For a home valued at $599,000 in Morinville:
- Residential Property Tax Rate: 1.104650%
- Annual Property Tax: $6,617
- Average Monthly Cost of Living: $2,027.05
For a home valued at $789,000 in St. Albert:
- Residential Property Tax Rate: 1.125309%
- Annual Property Tax: $8,879
- Average Monthly Cost of Living: $3,687
Annual Savings by Choosing Morinville:
$8,879 – $6,617 = $2,262
all the best amenities
Morinville offers a wealth of amenities that cater to all lifestyles, making it a fantastic place to call home. From parks and recreational facilities to shopping and dining options, you’ll find everything you need right at your doorstep!
Shops and Services
- Sobey’s
- No Frills
- Morinville Family Medical Clinic
- Shoppers Drug Mart
- Morinville Farmers’ Market
- Dollar Tree
Schools
- Morinville Public School
- École Notre Dame Elementary School
- Four Winds Public School
- The Father’s House Christian School
- Morinville Community High School
- St. Kateri Tekakwitha Academy
- And more!
Parks and Recreation
- Morinville Leisure Centre
- Bob Foster Extreme Sport Park
- Morinville Splash Park
- Fish and Game Pond
- Off Leash Park
- McDonald Sports Complex
Restaurants
- Boston Pizza
- Bistro Di Madre Piccola
- The Morinville Grill
- Tim Hortons
- Higher Grounds Cafe
- Golden Palace Restaurant
- And more!
In short, not only are home and lot prices more affordable in Morinville, but you’ll also enjoy a lower down payment and reduced monthly mortgage payments overall!
*Prices and interest rates as of October, 2024
For more detailed information on the lot purchasing process in Westwinds, click the button below.
Contact Us
Let us help you discover your dream lot and build your perfect home in Morinville’s Westwinds Community!