73 WATERFRONT Circle Collingwood Ontario
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The epitome of sophistication and luxury, this architectural Blue Shores Model masterpiece is well sought after in the Blue Shores private waterfront community. The home is located overlooking the large inland water pond and directly across the street from Georgian Bay. You will sure to be impressed as you enter this 5 bedroom, 3.5 bathroom home which features hardwood floors, granite counters in kitchen, open concept layout, lots of natural light, professionally designed den, main floor master bedroom with impressive ensuite and walk-in closet, main floor laundry, upper 2 bedroom loft with bathroom, and fully finished lower level perfect for entertaining and accommodating friends and family. Inside entry to double garage, extensive landscaping including natural stone, in-ground sprinkler system for both yard and gardens. Shore Club and Marina directly across the road. Indoor and outdoor saltwater pools, gym, games room, children's playground, and waterside tennis courts.
Collingwood -- Extreme Seller’s Real Estate Market
|Living room||Lower level||23'10 X 16'4(/REC RM|
|Bath (# pieces 1-6)||Lower level||3 PC|
|Bedroom||Lower level||18'3 X 13'8|
|Bedroom||Lower level||11'5 X 10'|
|Master bedroom||Main level||15 X 13'6|
|Bath (# pieces 1-6)||Main level||2 PC|
|Den||Main level||13'2 X 10'11|
|Dining room||Main level||15'9 X 11'|
|Ensuite (# pieces 2-6)||Main level||4 PC|
|Family room||Main level||23'3 X 15'2|
|Kitchen||Main level||15 X 11'4|
|Bedroom||Second level||10'2 X 10'2|
|Bedroom||Second level||16'6 X 15'5|
|Bath (# pieces 1-6)||Second level||3 PC|
Monthly Mortgage Payments at 2.34
Thinking about buying this home in Collingwood -- lets calculate some mortgage payment options and see if purchasing this home 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.
These mortgage estimates are provided by Sharon Vanderschot from Mortgage Alliance.