23 Stanley Avenue Hawkestone
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- Listed Since: April 8th 2020
Top 5 Reasons You Will Love This Home: 1) Fully renovated with stunning views of Lake Simcoe, offering a perfect weekend getaway, or investment opportunity 2) 3 season sunroom, offering approx. 95 sq. ft. of living space 3) Landscaping leading down to almost 50 of waterfront 4) Extensive updates, including the roof (2019), furnace (2019), central air (2019), well (2019) and much more 5) Under an hour drive from Toronto, and less than 20 minutes to Barrie & Orillia. 600 Fin.sq.ft. Age 63. For info, photos & video, visit our website. (id:23309)
- Address: 23 STANLEY AVENUE
- Location: ORO-MEDONTE
- Ownership: FREEHOLD
- MLS: 30801811
|Kitchen||Ground level||3.99m x 2.18m|
|Living room||Ground level||3.2m x 2.49m|
|Sunroom||Ground level||3.66m x 2.44m|
|Bedroom||Ground level||3.02m x 2.29m|
|Bedroom||Ground level||2.92m x 2.29m|
|3pc Bathroom||Ground level|
|Loft||Second level||4.47m x 2.62m|
Monthly Mortgage Payments
Thinking about buying 23 Stanley Avenue -- lets calculate some payment options and see if purchasing this home can become a reality.
- 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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