407 - 88 Gibson Street Ayr
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- Listed Since: January 2nd 2020
Introducing Pipers Grove in Ayr! Award winning Reids Heritage Homes brings you this exciting new mid-rise condo development. Ideal for the first time home buyer, someone looking to downsize, or as an excellent investment. This luxury building will be home to many 2 bedroom suites, decked out in modern features and with your choice of finishes! The MacLean model suite features a den + 1 Accessible Bedroom with Ensuite privilege, 885 sq ft of living space and a private 84 sq ft balcony. The open concept Kitchen/Living/Dining area offers an abundance of natural light. Standard finishes include vinyl plank flooring throughout (carpet free), granite countertops in kitchen and bath, black fridge, stove, dishwasher package, white washer/dryer package, 1 parking space and so much more! The building offers a secured entrance with intercom system, an amenity room on 1st level complete with kitchenette and washroom, and storage locker rooms. Located in the heart of downtown Ayr, this sought out community offers the small town feel, with big town amenities. A short distance from Cambridge, Kitchener, Brantford, and Woodstock, this truly is a wonderful place to call home. (id:23309)
- Address: 407 - 88 GIBSON STREET
- Location: AYR
- Ownership: CONDO CORPORATION
- MLS: 30730990
|Kitchen||Ground level||13' 5'' x 13' 6''|
|4pc Bathroom||Ground level|
|Living room/Dining room||Ground level||13' 5'' x 12' 9''|
|Master bedroom||Ground level||11' 1'' x 11' 4''|
|Den||Ground level||10' 7'' x 7' 0''|
Monthly Mortgage Payments
Thinking about buying 407 - 88 Gibson Street -- lets calculate some payment options and see if purchasing this condo can become a reality.
- Down Payment
The amount of money you pay up front to obtain a mortgage. The minimum down payment is 5% and for down payments of less than 20%, home buyers are required to purchase mortgage default insurance, commonly referred to as CMHC insurance.
- Mortgage Insurance
Mortgage default insurance, commonly referred to as CMHC insurance, protects the lender in the case the borrower defaults on the mortgage. Mortgage default insurance is required on all mortgages with down payments of less than 20%, which are known as high ratio mortgages. Mortgage default insurance is calculated as a percentage and is applied to your mortgage amount.
- Mortgage Rate
The rate of interest you will pay on the outstanding balance of your mortgage.
- Mortgage Type
The mortgage type includes the term of the mortgage, between 1 to 10 years and the rate type, variable or fixed. The mortgage term is the length of time you commit to the terms, conditions and mortgage rate. The mortgage rate type can be fixed for the duration of the term or variable, fluctuating with the prime rate. Fixed rates are most popular and represent 66% of all mortgages, according to the Canadian Association of Accredited Mortgage Professionals.
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