507 ONTARIO STREET Collingwood
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- Listed Since: December 3rd 2019
Here it is! 115 feet of Georgian Bay protected shoreline in Downtown Collingwood. Unique opportunity to build your waterfront home with unobstructed panoramic view. Clean clear water, no weeds, no mud. Shovel ready, all approvals(engineering, NVCA, septic system plan, site plan, grading plan, concept building, drawings) in place. Builder standing by. Dont wait, dont procrastinate. Municipal water. Natural gas will be available. 18 minute walk or 5 minute bike ride to main street Collingwood shops and restaurants. Go ahead, pinch yourself, this is a rare opportunity to live and play on Georgian Bay. (id:23309)
- Address: 507 ONTARIO STREET
- Location: COLLINGWOOD
- Ownership: FREEHOLD
- MLS: 235722
|Other||Ground level||30' x 30'|
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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