220 GORD CANNING DRIVE #400, Blue Mountains
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- Listed Since: June 11th 2018
View Village, pond, Bay & ski hills from this Penthouse, 2 bd/2 bth family suite, recently reno'd (pd in full) & fully furn'd, sleeps 6, w gas fireplace for cozy après-ski, vaulted ceiling, full kitch & large balcony. Personally enjoy Westin's lux amenities &/or earn income from Rental Pool -yr round outdoor pool & hot tubs, private beach, gym, sauna, kids games room, room service from renowned Oliver & Bonacini restaurant on main level. Pet friendly bldg. Owners/guests have underground (valet) parking & ski locker. HST may be applicable but can be deferred by obtaining HST number. 2% Village Assoc entry fee applicable. VA fee - $500/yr. Condo fee covers: cable, internet, heat, hydro, water/sewer, unassigned parking, use of pool, hot tub, fitness room, exterior insurance, grounds maintenance, interior building maintenance & interior unit insurance. 12 mth rent history shows $1,433/mth profit after ALL expenses except financing (very little owner use). Financials in doc's tab or ask LB. (id:23309)
- Address: 220 GORD CANNING DRIVE #400
- Location: THE BLUE MOUNTAINS
- Ownership: CONDO CORPORATION
- MLS: 133262
|Kitchen||Ground level||8' '' x 8' ''|
|Master bedroom||Ground level||13' '' x 14' ''|
|Bedroom||Ground level||11' '' x 10' ''|
|3pc Bathroom||Ground level|
|4pc Ensuite bath||Ground level|
|Living room/Dining room||Ground level||14' '' x 16' ''|
Monthly Mortgage Payments
Thinking about buying 220 GORD CANNING DRIVE #400 -- 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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