51 TROTT Boulevard Unit# 167 Collingwood
$474,900
Ground floor living at Cranberry Village. This 2 bedroom, 2 bathroom condo features open concept living, dining and kitchen area, 2 walkouts to patio and gas fireplace. Perfect retirement or recreational living. Book your showing today! (id:25417)
- 2 Bedrooms
- 2 Bathrooms
- 947 Square Feet
- $1,955 / month (estimated mortgage)
- Listing ID: 40305679
- Listed On: AUGUST 5TH 2022
- Address: 51 TROTT BOULEVARD UNIT# 167
- Location: COLLINGWOOD
- Postal Code: L9Y 5B8
Get Directions
Get to know this Neighbourhood
Hwy 26 West to Balsam, right on Balsam, left on Trott Blvd to #51.
| Rooms | Levels | Dimensions |
|---|---|---|
| 3pc Bathroom | Main level | Measurements not available |
| Full bathroom | Main level | Measurements not available |
| Primary Bedroom | Main level | 14'4'' x 10'2'' |
| Bedroom | Main level | 11'6'' x 9'0'' |
| Kitchen | Main level | 13'10'' x 9'8'' |
| Living room/Dining room | Main level | 19'0'' x 13'10'' |
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Monthly Mortgage Payments
Thinking about purchasing 51 TROTT Boulevard Unit# 167 -- lets calculate some payment options and see if owning 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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