2351 MCDONALD RD Elmvale
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- Listed Since: January 2nd 2020
This Property Boasts An Incredibly Massive 4,000 Sqft Shop Like No Other In The Region With Enough Room For A Full-Sized Rv & Multiple Cars. Your New Home Is Nestled On A Beautifully Landscaped 2.84 Acres With Panoramic Views Of Little Lake & Backing Onto The Golf Course. Start Enjoying Its 5 Bedrooms, 5 Bathrooms, Grand Room With Vaulted Ceilings And Exposed Wood, Open Concept Living Area,Main Floor Laundry, Metal Roof, In-Law Apartment Potential And More**** EXTRAS **** The Possibilities Are Endless, Start Enjoying The Simple Life Today. *Note: Sqft Measures On Realtor.Ca Are Exterior, Not Interior. 24Hr Irrevocable On All Offers* (id:23309)
- Address: 2351 MCDONALD RD
- Location: SPRINGWATER
- Ownership: FREEHOLD
- MLS: S4658748
|Recreational, Games room||Basement||6.12 m x 6.71 m|
|Bedroom||Basement||3.86 m x 3.68 m|
|Kitchen||Basement||3.3 m x 2.34 m|
|Office||Main level||3.86 m x 3.1 m|
|Kitchen||Main level||6.1 m x 3.25 m|
|Recreational, Games room||Main level||5.11 m x 3.66 m|
|Living room||Main level||6.2 m x 3.96 m|
|Family room||Main level||7.26 m x 4.19 m|
|Bedroom||Second level||3.81 m x 3.71 m|
|Bedroom||Second level||3.96 m x 3.1 m|
|Bedroom||Second level||5.18 m x 3.66 m|
|Master bedroom||Second level||5.08 m x 3.86 m|
Monthly Mortgage Payments
Thinking about buying 2351 MCDONALD RD -- lets calculate some 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.
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