102 - 23 Stumpf Street Elora
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- Listed Since: November 19th 2019
Spacious Elora Heights Condo fro sale. Offering 1558 sq.ft of living area and conveniently located on the ground floor near main entrance and elevator. This condo features open concept, 2 large bedrooms, den, storage room, ensuite, walk in closet, laundry, underground parking, large balcony & the list goes on. This tastefully decorated condo is located within walking distance to the shops & restaurants that downtown Elora has to offer. (id:23309)
- Address: 102 - 23 STUMPF STREET
- Location: ELORA
- Ownership: CONDO CORPORATION
- MLS: 30778771
|Foyer||Ground level||9' 0'' x 5' 6''|
|Den||Ground level||14' 4'' x 9' 8''|
|Laundry room||Ground level||5' 4'' x 3' 1''|
|Bedroom||Ground level||13' 11'' x 13' 7''|
|3pc Ensuite bath||Ground level|
|Master bedroom||Ground level||16' 4'' x 12' 10''|
|4pc Bathroom||Ground level|
|Living room/Dining room||Ground level||23' 8'' x 14' 3''|
|Kitchen||Ground level||14' 3'' x 9' 0''|
|Storage||Ground level||8' 7'' x 8' 9''|
Monthly Mortgage Payments
Thinking about buying 102 - 23 Stumpf Street -- lets calculate some payment options and see if purchasing this condo 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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