2,4,6,8 - 85 Crescent Drive, Clinton
- Listed Since: May 13th 2019
Investment opportunity. Built in 2017 main level living 4-plex, fully occupied. These 1213 SqFt units (plus garage 294 SqFt) feature open concept floor plans, hot water in-floor heat, hardwood cabinetry and beautiful countryside views on the outskirts of Clinton Ontario. Buy as an investment or for a future move to downsize. The property offers a competitive return on investment and will require little capital investment for years to come. Contact listing brokerage for financials. (id:23309)
- Address: 2,4,6,8 - 85 CRESCENT DRIVE
- Location: VANASTRA
- Ownership: FREEHOLD
- MLS: 30697435
|Kitchen||Ground level||15' 3'' x 15' 0''|
|Living room||Ground level||12' 6'' x 15' 0''|
|3pc Ensuite bath||Ground level|
|4pc Bathroom||Ground level|
|Bedroom||Ground level||9' 0'' x 13' 0''|
|Master bedroom||Ground level||13' 5'' x 14' 6''|
Monthly Mortgage Payments
Thinking about buying 2,4,6,8 - 85 Crescent Drive -- 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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