438 OXBOW CRESCENT Collingwood
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- Listed Since: January 14th 2020
Bright and spacious beautifully updated bungalow in the desired area of Cranberry Resort. This 1 bedroom feels like home as soon as you walk in the door. The living area boasts a gas fireplace, cathedral ceiling, and sliding glass doors complete with custom California shutters that lead you out to your private patio. The open concept kitchen with oversized island is perfect for family and entertaining. The large master bedroom has 12 ft. ceilings, a walk-in closet, and a 4-piece ensuite. There is an outdoor shed for extra storage. Ideal as a weekend retreat, full-time living, or an investment property. Located near Cranberry Atoka Club, trails, golf, downtown Collingwood, and minutes to ski hills. (id:23309)
- Address: 438 OXBOW CRESCENT
- Location: COLLINGWOOD
- Ownership: CONDO CORPORATION
- MLS: 240139
|Kitchen||Ground level||8' 6'' x 15'|
|Living room||Ground level||11' 6'' x 15'|
|Master bedroom||Ground level||10' 6'' x 12' 6''|
|4pc Ensuite bath||Ground level|
|3pc Bathroom||Ground level|
|Foyer||Ground level||3' x 10'|
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
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- 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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