9797 BEACHWOOD RD Collingwood Ontario
Up to 25 photos available.
Great opportunity with this recently-renovated 1,100 sq. ft. raised bungalow located - just on the outskirts - in the East end of Collingwood. Improvements to the home within the last 3 years include: windows & doors (main-floor), maintenance-free vinyl siding, & shingles, drywall, laminate flooring, new bathrooms, newer kitchen with ceramic back-splash, & R-55 Insulation in attic. Basement is partially-finished with 2nd bedroom + lots of opportunity to finish off the recreation room, to add more rooms & build a little sweat equity into finishing off the basement. House has large principle rooms on the main-floor & it is heated by an economical forced-air gas furnace & a gas stove (in the Rec. Room). Lot size is 60 x 250 & is serviced by municipal water & a septic system. There is an 8 x 24 sundeck (to catch the morning sun); two 7 x 10 storage sheds along with an extra 8 x 15 storage area off the main-floor Master Bedroom; & a huge garden area in the private rear yard.
Collingwood -- Extreme Seller’s Real Estate Market
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.