245 GEDDES Street, Elora
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- Listed Since: September 14th 2018
Steps to Eloras downtown, parks and the gorge! This is an ideal home for a first time home buyer or someone looking to add to their investment portfolio! Zoned C4 this diamond in the ruff can also be prefect for the young entrepreneur. 2 Bedroom, 1 bath room home with a 1.5 detached garage. New furnace. Some TLC required, needs roof, priced to move. This great property for someone who enjoys the reward from a little work. What can you buy detached at this price in Elora! Call before its gone. (id:23309)
- Address: 245 GEDDES STREET
- Location: ELORA
- Ownership: FREEHOLD
- MLS: 30683445
|Living room||Ground level||16' 4'' x 9' 4''|
|Dining room||Ground level||13' 5'' x 12' 9''|
|Kitchen||Ground level||14' 4'' x 12' 4''|
|Bedroom||Second level||12' 7'' x 9' 5''|
|Bedroom||Second level||10' 0'' x 9' 2''|
|3pc Bathroom||Second level|
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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