51 Portside Drive Bayfield
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- Listed Since: April 3rd 2020
2018 Forest River year round living in the land lease community known as Lighthouse Cove minutes north of Bayfield. This one bedroom home features cathedral ceilings, open concept kitchen and dining area with living room in the addition. Private backyard awaits the Buyer to create new outdoor living space. Shed provides space to store off season outdoor furniture and lawncare equipment. Lighthouse Cove is a lakefront community with clubhouse, outdoor pool, minutes from Bayfield and a golf course. Park approval is required and the owner is open to offers. Enjoy this newer unit at an affordable price! **COVID-19 safety protocols are in place for this listing** Park address is 77719 Bluewater Hwy., Bayfield, ON. (id:23309)
- Address: 51 PORTSIDE DRIVE
- Location: CENTRAL HURON
- Ownership: LEASED LAND
- MLS: 30801414
|Living room||Ground level||19' 2'' x 9' 8''|
|Dining room||Ground level||11' 0'' x 12' 2''|
|Kitchen||Ground level||7' 11'' x 12' 2''|
|Utility room||Ground level||9' 2'' x 4' 10''|
|Bedroom||Ground level||8' 2'' x 12' 2''|
|3pc Bathroom||Ground level|
Monthly Mortgage Payments
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- 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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