5 Gourlay Road, Elora
Up to 38 photos available.
- Listed Since: May 14th 2019
Your bungalow search is over! Welcome to 5 Gourlay Rd with its 1600 + sq ft of main floor living space, 2 car garage, 3 + 1 bedroom, 2 full bath home. Vaulted living room ceiling makes for lots of extra natural light. Master comes with walk in closet and recently redone ensuite. 2 good sized bedrooms for the rest of the family and 4 pc main bath. Functional kitchen with eat in area is connected to family room with fireplace, which leads to deck which has great views as well as being private. Basement with walk out has rec room, full 3 piece bath, an additional bedroom and a bright peaceful office. Book your private viewing and see for yourself! (id:23309)
- Address: 5 GOURLAY ROAD
- Location: ELORA
- Ownership: FREEHOLD
- MLS: 30735121
|Bedroom||Basement||10' 0'' x 12' 6''|
|Great Room||Basement||15' 0'' x 26' 0''|
|Office||Basement||10' 0'' x 8' 6''|
|Bedroom||Basement||12' 0'' x 10' 6''|
|Recreation room||Basement||20' 6'' x 16' 8''|
|Dining room||Ground level||12' 8'' x 9' 6''|
|4pc Bathroom||Ground level|
|Bedroom||Ground level||11' 0'' x 9' 6''|
|Bedroom||Ground level||12' 0'' x 9' 9''|
|4pc Ensuite bath||Ground level|
|Master bedroom||Ground level||15' 2'' x 11' 8''|
|Family room||Ground level||16' 0'' x 12' 0''|
|Living room||Ground level||16' 0'' x 13' 0''|
|Eat in kitchen||Ground level||15' 0'' x 9' 8''|
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.
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- 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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