1 HUME STREET #206 Collingwood
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- Listed Since: January 17th 2020
This is the one! MONACO:this new luxury condo building is to be built in the heart of Historic Downtown Collingwood. Every detail is intelligently designed for the quality of life that you desire in this rare END unit-The Albert suite. One of the largest units at 1415 sqft, with South East exposure,extra windows & a generous private corner balcony. The morning & afternoon light stream throughout to energize you for your day.2 spacious bedrooms/2 bathrooms, master suite with morning light to wake you naturally,double walk in closets,5 pc ensuite. Smart technology makes life simple for heating/cooling & virtual concierge. Stay physically & mentally vibrant using the stunning upper level gym. Enjoy sunsets from the comfortable roof top terrace.Entertain friends & family in the social room.Park safe & sound underground.Steps to all shopping & entertainment.Comfort & convenience at it's finest!Your future is here. Monaco is over 80% sold & under construction. Connect for more information. (id:23309)
- Address: 1 HUME STREET #206
- Location: COLLINGWOOD
- Ownership: CONDO CORPORATION
- MLS: 240729
|Dining room||Ground level||10' 7'' x 5' 7''|
|Living room||Ground level||18' 5'' x 19' 5''|
|Kitchen||Ground level||8' 8'' x 15' 6''|
|Master bedroom||Ground level||14' 11'' x 13' 3''|
|Bedroom||Ground level||10' 1'' x 14' 5''|
|Other||Ground level||15' 11'' x 5' 9''|
|4pc Bathroom||Ground level|
|5pc Ensuite bath||Ground level|
Monthly Mortgage Payments
Thinking about buying 1 HUME STREET #206 -- 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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