506 WATT ST Fergus

506 WATT ST
  • 506 WATT ST
  • 506 WATT ST
  • 506 WATT ST
  • 506 WATT ST
  • 506 WATT ST
  • 506 WATT ST
  • 506 WATT ST
  • 506 WATT ST
  • 506 WATT ST
  • 506 WATT ST
  • 506 WATT ST
  • 506 WATT ST
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$569,900

  • Listed Since: January 11th 2020

Located On A Quiet Subdivision Close To Schools And The Sportsplex. Walking Distance To Downtown Fergus, Beautiful Vegetable Garden, Boasts A Large South Facing Deck With Sun Beaming Through During The Summer Months. Home Has Been Recently Upgraded. (id:23309)

  • Address: 506 WATT ST
  • Location: CENTRE WELLINGTON
  • Ownership: FREEHOLD
  • MLS: X4665852

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

WorkshopBasement2.16 m x 3.61 m
Laundry roomBasement2.18 m x 5.11 m
Family roomBasement3.25 m x 5.66 m
OtherBasement2.26 m x 4.17 m
Bedroom 3Main level2.72 m x 3.89 m
Living roomMain level3.56 m x 6.15 m
KitchenMain level3.33 m x 6.99 m
Bedroom 2Main level3.2 m x 3.33 m
Master bedroomMain level3.2 m x 4.32 m
  • 3 Bedrooms
  • 2 Bathrooms
  • $2,132 / month (estimated mortgage)

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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 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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