70 WATER Street E Elora
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- Listed Since: January 14th 2020
Very rare opportunity to live on one of the most picturesque and desirable locations in Elora! This spectacular Double Lot showcases mature trees, professional landscaping and a stunning backyard feat. a Large Saltwater Pool, enchanting Gazebo, tiered patio Seating Areas and a 2nd story Veranda that gazes out over the River. From spending long summer days by the pool to watching the sunset from the banks of the Grand, this Riverfront property has it all! The spacious 2869 sqft sidesplit has been meticulously maintained and blends in flawlessly with its beautiful surroundings. Enter the elegantly decorated home through a striking entrance exhibiting local artistry with custom stained glass windows by Handscomb Glass Studio. A lower main floor Family Room with large picture window invites you to cozy up beside the Fireplace and take in the view of the secluded gardens out front. The floor rounds out with a Den, Powder Rm and Cedar Sauna located in perfect proximity to the backyard. Steps down, a finished basement contains Laundry, Rec Room and storage. The charming upper main floor features Formal Living/Dining spaces separated by a majestic 2Way Fireplace and a gorgeous, roomy Kitchen w/quartz countertops, induction range and built in oven/micro. The top floor holds 4 generous Bedrooms, 4 piece Bathroom, Master Ensuite and the stunning western exposure Veranda. Book your showing today and fulfill your dream of living on your private waterfront oasis steps from downtown Elora! (id:23309)
- Address: 70 WATER STREET E
- Location: CENTRE WELLINGTON
- Ownership: FREEHOLD
- MLS: 30783319
|Recreation room||Basement||17' 5'' x 15' 5''|
|Laundry room||Basement||16' 0'' x 12' 0''|
|Storage||Basement||12' 5'' x 9' 0''|
|2pc Bathroom||Ground level||9' 0'' x 5' 6''|
|Den||Ground level||16' 0'' x 8' 0''|
|Office||Ground level||15' 6'' x 12' 0''|
|Foyer||Ground level||13' 0'' x 7' 4''|
|Kitchen||Second level||14' 0'' x 20' 0''|
|Dining room||Second level||16' 0'' x 12' 0''|
|Living room||Second level||15' 0'' x 15' 0''|
|Bedroom||Third level||16' 6'' x 8' 0''|
|Master bedroom||Third level||18' 0'' x 12' 0''|
|3pc Ensuite bath||Third level||11' 8'' x 5' 0''|
|Bedroom||Third level||14' 0'' x 12' 0''|
|Bedroom||Third level||12' 0'' x 13' 0''|
|4pc Bathroom||Third level||12' 0'' x 8' 0''|
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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