1003 - 24 RAMBLINGS Way Collingwood Ontario
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Relax on either of 2 large balconies with 3 walk-outs and enjoy breathtaking water and ski hill views from this one of a kind 2 bedrooms+den penthouse with 2 deeded indoor parking spaces in'Ruperts Landing',a gated community on Collingwood's waterfront with bus stop steps from the gates.This resort lifestyle residence with marina, tennis courts and rec center with exercise room, squash court and indoor pool offers one floor living at its best in this stunning 2,000 square ft open concept design and a great room with wall to wall glass and walkouts from three rooms. Minutes to skiing, golf and bike trails this condo building has mail delivery to the foyer.The in-suite elevator control provides security and privacy.Added features include stainless steel appliances,walnut wood flooring, radiant heated ensuite bath flooring,balcony natural gas bbq hookup,acid washed granite counters creating a truly unique home in a sought after location.
Collingwood -- Extreme Seller’s Real Estate Market
|Master bedroom||Main level||15'6 X 17|
|Laundry room||Main level||7 X 8'8|
|Kitchen||Main level||11 X 15'9|
|Great room||Main level||22 X 24|
|Foyer||Main level||3 X 18|
|Ensuite (# pieces 2-6)||Main level||4PC|
|Den||Main level||10'6 X 15|
|Bedroom||Main level||12'4 X 15|
|Bath (# pieces 1-6)||Main level||3PC|
Monthly Mortgage Payments at 2.34
Thinking about buying this condo in Collingwood -- lets calculate some mortgage 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.
These mortgage estimates are provided by Sharon Vanderschot from Mortgage Alliance.