164 VACATION INN DRIVE Collingwood
Up to 16 photos available.
- Listed Since: March 25th 2020
This is easily one of the best investment opportunities offered on the market. Use it as much or as little as you would like and turn the keys back to the Georgian Bay Hotel to have it make you money! Very well kept 3 bedroom 2 and half bath condo/town in the quiet Georgian Bay Hotel area. The bright, open concept townhome is a perfect getaway as it offers everything from skiing, trails, shopping and restaurants right in your own backyard. This property offers private master suite with ensuite as well as 2 guest bedrooms for company. The staircase could be re done to allow for a more open concept (see 162 Vacation Inn pictures) The beautiful patio backing onto the Cranberry golf course is wonderful for entertaining as it is a wonderfully landscaped open space perfect for summer enjoyment. Completely turn key. HST in addition to price. This unit is a MUST see !! More pictures coming soon. (id:23309)
- Address: 164 VACATION INN DRIVE
- Location: COLLINGWOOD
- Ownership: CONDO CORPORATION
- MLS: 252657
|Living room||Ground level||22' x 10'|
|Foyer||Ground level||5' x 9'|
|2pc Bathroom||Ground level|
|Kitchen||Ground level||10' x 9'|
|Dining room||Ground level||11' x 11'|
|Master bedroom||Second level||13' 6'' x 11' 7''|
|Bedroom||Second level||11' x 9'|
|4pc Bathroom||Second level|
|3pc Ensuite bath||Second level|
|Bedroom||Second level||10' x 10'|
Monthly Mortgage Payments
Thinking about buying 164 VACATION INN DRIVE -- 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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