403 MARINERS WAY #8 Collingwood
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- Listed Since: May 22nd 2020
GROUND FLOOR 2 bedroom condo with garage! This bright condo has 3 walk-outs to a beautiful private backyard oasis, with perennial gardens and decorative privacy screens. Enjoy the comfortable heated floors in the living room, bedrooms & updated baths. Gas fireplace, engineered laminate floors and there's lots of storage with the extended garage. Tennis, pool and volleyball courts are just around the corner. Enjoy all the on-site amenities that Lighthouse Point has to offer incl. 16,000 sq' rec center w/indoor pool, 2 hot tubs, sauna, fitness, games rm, spacious entertainment room, marina, 2.4km of waterfront walking trails, 9 tennis/pickle ball courts, 2 outdoor pools, 2 beach areas, playground, putting green, volleyball court & more! Move in and enjoy the summer! Close to ski hills, golf courses, trails, shopping and restaurants. COVID DECLARATION FORM MUST BE COMPLETED PRIOR TO SHOWING APPOINTMENT CONFIRMATION. (id:23309)
- Address: 403 MARINERS WAY #8
- Location: COLLINGWOOD
- Ownership: CONDO CORPORATION
- MLS: 260624
|Kitchen||Ground level||6' 5'' x 10' 5''|
|Foyer||Ground level||6' 2'' x 7' 3''|
|Living room/Dining room||Ground level||21' 5'' x 16'|
|3pc Bathroom||Ground level|
|Bedroom||Ground level||10' 6'' x 13' 6''|
|Master bedroom||Ground level||11' x 14'|
|4pc Ensuite bath||Ground level|
Monthly Mortgage Payments
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- 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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