1030 GARNET ISLAND Cookstown
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- Listed Since: July 20th 2019
Island Cottage 1.5 hours north of Toronto. In middle of Lake Couchiching close to Orillia and Casino Rama. Spectacular Sunrises and Sunsets. One of very few Island lots with dual shoreline on East and West sides that rarely come up for sale. Are you looking for privacy with great swimming, fishing and boating? 3 season 1000 sq ft cottage is ready for you and your family. Just under 1/2 acre lot with 100' of shoreline on each side of island. fantastic location to start building memories for you and your family. Contact me today for a private showing. (id:23309)
- Address: 1030 GARNET ISLAND
- Location: RAMARA TWP
- Ownership: FREEHOLD
- MLS: 210328
|2pc Bathroom||Ground level||7' 6'' x 9' 4''|
|Bedroom||Ground level||7' 9'' x 11' 6''|
|Bedroom||Ground level||7' 8'' x 11' 6''|
|Bedroom||Ground level||8' 5'' x 7' 6''|
|Kitchen||Ground level||11' 5'' x 8' 1''|
|Living room/Dining room||Ground level||23' 4'' x 11' 1''|
|Living room||Ground level||11' 3'' x 23' 3''|
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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