355 7TH AVENUE Hanover
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- Listed Since: February 14th 2020
This charming 2 bedroom, 2 bathroom, 1,080 square foot brick bungalow has received extensive updates over the past 6 months. The entire main floor has received new flooring. The bathroom has been updated and the open concept kitchen is brand new. There is a detached single car garage and spacious back yard. The roof is approximately 5-7 years old and the furnace and central air was installed in 2012. This is a great location for the person who wants to limit their carbon footprint. Why drive to the grocery stores, P&H Centre, Race Track, Restaurants, Casino and Tim Hortons are all within walking distant. This home is move in ready. Perfect for the first time home buyer or someone looking to downsize. (id:23309)
- Address: 355 7TH AVENUE
- Location: HANOVER
- Ownership: FREEHOLD
- MLS: 244509
|Utility room||Basement||10' 11'' x 12' 7''|
|Cold room||Basement||5' 5'' x 5' 11''|
|Laundry room||Basement||10' 3'' x 7' 11''|
|Storage||Basement||19' 4'' x 12' 8''|
|Workshop||Basement||19' 6'' x 13' 1''|
|Storage||Basement||12' 4'' x 7' 8''|
|Living room||Ground level||20' x 13' 1''|
|Bedroom||Ground level||9' x 12'|
|3pc Bathroom||Ground level|
|Master bedroom||Ground level||13' 1'' x 12' 1''|
|Foyer||Ground level||5' 7'' x 3' 11''|
|Kitchen/Dining room||Ground level||22' 7'' x 12' 1''|
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
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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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