0 Bridge Street, Elora
- Listed Since: May 16th 2018
New Build Family Home in Elora! This large new home melds utility with grace. Featuring 3 bedrooms, 2 1/2 baths, an office, a breakfast nook and dining area plus a full unfinished basement, this home offers a family lots or room and function. Grace it with a soaring 2 storey living room with a 2 storey fireplace open to the upstairs and it becomes a place of pride. Close to the walking trail and South Ridge Park and with a huge yard, this home is just waiting for your family. (id:23309)
- Address: 0 BRIDGE STREET
- Location: ELORA
- Ownership: FREEHOLD
- MLS: 30657400
|Kitchen||Ground level||17' 5'' x 17' 2''|
|Living room||Ground level||18' 7'' x 18' 1''|
|Breakfast||Ground level||10' 0'' x 4' 10''|
|Dining room||Ground level||17' 6'' x 12' 11''|
|Office||Ground level||10' 1'' x 12' 10''|
|Mud room||Ground level||8' 7'' x 6' 1''|
|2pc Bathroom||Ground level|
|Master bedroom||Second level||18' 10'' x 15' 6''|
|4pc Ensuite bath||Second level|
|Bedroom||Second level||1' 8'' x 11' 6''|
|4pc Bathroom||Second level|
|Laundry room||Second level||9' 8'' x 6' 0''|
|Bedroom||Second level||12' 2'' x 14' 7''|
Monthly Mortgage Payments
Thinking about buying 0 Bridge Street -- 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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