94 Bridge Street Elora
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- Listed Since: February 5th 2020
CURRENTLY UNDER CONSTRUCTION! Hurry while there is still time to pick out your finishes and colours. This prestigious new build is in a desirable location in Elora. With over 2800 SF of above ground living space, this two-story layout has so much to offer. Through the spacious foyer, you will find an inviting living space with living room, kitchen with breakfast nook and formal dining space. The main floor office/den is perfect for working from home. The second floor is equally impressive with master suite boasting 4 pc ensuite with walk-in shower and large walk-in closet, 2 additional bedrooms, 4 pc bath and laundry room. Under construction by a premier local builder. The 48x182' lot backs onto South Ridge Park, adjacent to the Elora-Cataract Trail! (id:23309)
- Address: 94 BRIDGE STREET
- Location: ELORA
- Ownership: FREEHOLD
- MLS: 30789084
|2pc Bathroom||Ground level|
|Dining room||Ground level||12' 11'' x 17' 6''|
|Living room||Ground level||18' 7'' x 17' 1''|
|Kitchen||Ground level||17' 2'' x 17' 5''|
|Mud room||Ground level||6' 1'' x 8' 7''|
|Office||Ground level||12' 10'' x 10' 1''|
|Foyer||Ground level||7' 2'' x 9' 4''|
|Master bedroom||Second level||16' 2'' x 14' 0''|
|Bedroom||Second level||13' 0'' x 14' 0''|
|Laundry room||Second level||14' 5'' x 6' 8''|
|4pc Ensuite bath||Second level|
|4pc Bathroom||Second level|
|Bedroom||Second level||14' 0'' x 13' 10''|
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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