5 Stark Street, Bayfield
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- Listed Since: September 15th 2018
Dont Miss This Bayfield Beauty! Rare 4 Bedroom, 2 Bathroom Year Round Family Home On Double Lot Nestled Right In Town And A Short Stroll To Shops, Restaurants, Parks And More! This Charming, Spacious, Open Concept Gem Features Hardwood Floors Throughout! Entertain Family & Friends In The Open Kitchen, Dining And Family Room Area With Floor to Ceiling Bricked Gas Fireplace Or Enjoy The Private Cozy Living Room With Vaulted Ceiling. This Home Has Forced Natural Gas Heating And Central Air Conditioning So Every Season Can Be Enjoyed! Outside Relax On The Large Wrap Around Deck Or Watch The Stars Around The Huge Fire Pit. The Lake Is Steps Away And The Best Sunsets On Ontarios West Coast Await Your Arrival! (id:23309)
- Address: 5 STARK STREET
- Location: BAYFIELD
- Ownership: FREEHOLD
- MLS: 30686490
|Utility room||Basement||13' 4'' x 18' 1''|
|Dining room||Ground level||13' 2'' x 13' 10''|
|Mud room||Ground level||9' 1'' x 12' 7''|
|Living room||Ground level||13' 1'' x 17' 10''|
|Kitchen||Ground level||13' 2'' x 9' 7''|
|Family room||Ground level||13' 2'' x 18' 1''|
|3pc Bathroom||Ground level||5' 1'' x 9' 4''|
|4pc Bathroom||Second level||7' 8'' x 10' 4''|
|Bedroom||Second level||15' 8'' x 13' 7''|
|Bedroom||Second level||15' 8'' x 9' 11''|
|Bedroom||Second level||12' 1'' x 10' 0''|
|Bedroom||Second level||12' 1'' x 9' 11''|
Monthly Mortgage Payments
Thinking about buying 5 Stark Street -- lets calculate some payment options and see if purchasing this home 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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