170 MAIN ST Erin

170 MAIN ST
  • 170 MAIN ST
  • 170 MAIN ST
  • 170 MAIN ST
  • 170 MAIN ST
  • 170 MAIN ST
  • 170 MAIN ST
  • 170 MAIN ST
  • 170 MAIN ST
  • 170 MAIN ST
  • 170 MAIN ST
  • 170 MAIN ST
  • 170 MAIN ST
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$1,399,000

  • Listed Since: February 24th 2020

Amazing Investment Opportunity! This Is The Perfect Opportunity For Investors. Brand New Property Built In 2017 In Downtown Erin. Zoned For Mixed Use. Positive Cashflow (Pro-Forma Attached). This Is A Multi-Use Building With 2 Residential Units And Commercial/Retail Units. Separate Entrances With 3 Separate Metres. Main Level Features 2-Bed, 2-Bath Apartment And Retail Space. 2nd Level Features 4-Bed, 2-Bath Apartment. Commercial/Retail Space On Lower Level.**** EXTRAS **** Floor Plans Attached. Brand New/Modern Custom Kitchens, Baths, Hardwood. No Expense Was Spared. 2 Furnaces, New Septic, Everything Built To Code. Finished Living Space: 5,324 Sq.Ft, Above Ground: 3,933 Sq.Ft, Below Ground: 1,391 Sq.Ft (id:23309)

  • Address: 170 MAIN ST
  • Location: ERIN
  • Ownership: FREEHOLD
  • MLS: X4700174

This home is located in Erin Ontario. To learn more about how to purchase this property contact us today -- we would be more than happy to assist you.

OtherLower level4.2 m x 3.3 m
OtherLower level3.5 m x 3.3 m
OtherLower level15.2 m x 4.4 m
Master bedroomMain level3.5 m x 5.7 m
OfficeMain level5.7 m x 4.1 m
OfficeMain level2.2 m x 4.1 m
Living roomMain level4.3 m x 7.4 m
KitchenMain level4.3 m x 4.2 m
KitchenSecond level3.4 m x 4.2 m
Dining roomSecond level4.6 m x 4.5 m
Living roomSecond level8 m x 5.3 m
Master bedroomSecond level4 m x 4.5 m
  • 6 Bedrooms
  • 5 Bathrooms
  • $5,234 / month (estimated mortgage)

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Listing provided by KELLER WILLIAMS REAL ESTATE ASSOCIATES-BRADICA GROUP

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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.

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  • 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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The rate of interest you will pay on the outstanding balance of your mortgage.

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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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