220 GORD CANNING DRIVE #301, Blue Mountains
Up to 48 photos available.
- Listed Since: July 10th 2019
ATTENTION INVESTORS!! 2 bd/2 bth 1023 sf family suite at the prestigious Westin Trillium House, fully furnished, 2 king size beds with a pullout couch and fireplace. Full kitchen w/ large balcony and view of the mountains. The Westin amenities include yr. round outdoor pool & hot tubs, gym, sauna, room service from Oliver & Bonacini restaurant which is located on the main level. Pet friendly bldg. Underground parking (valet) and a owner ski locker. Optional rental pool to offset ownership costs. HST may be applicable but can be deferred by obtaining HST number. 2% Village Assoc. Entry fee applicable. Condo fee covers: cable, internet, heat, hydro, water/sewer, parking and use of the amenities includ. fitness room & pool, Interior bldg. maintenance, Insurance and grounds maintenance. 11 mnth. rent history shows over $18,000 annual profit after expenses. 80-90% occupancy (6 nights owner use a month) Financials available by request. Floor plans available in document tab (id:23309)
- Address: 220 GORD CANNING DRIVE #301
- Location: THE BLUE MOUNTAINS
- Ownership: CONDO CORPORATION
- MLS: 208439
|Living room/Dining room||Ground level||23' 2'' x 17' 5''|
|Kitchen||Ground level||9' 10'' x 7' 5''|
|Master bedroom||Ground level||13' 5'' x 11' 0''|
|Bedroom||Ground level||10' 5'' x 11' 8''|
|3pc Bathroom||Ground level|
|4pc Ensuite bath||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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