1198 SUNSET DRIVE, Mar
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- Listed Since: August 12th 2019
"Wow..... Incredibly private, fully updated getaway or home, with one of the largest Waterfront properties available on the Bruce Peninsula [ 2 acres, 557' of shoreline ]. Relax, watch the world class Sunsets or enjoy Lake Huron to its fullest using the man-made cove and channel to harbour your boat, water sports gear, or as a private swimming pool. Shore stone and Cedar shakes have been utilized to make the exterior natural and unique. Large families or invest for your future, the 2 acres gives you plenty of space to entertain or just relax. The stone garage at the road could be transformed to several options from an Art Studio to a gamesroom or another cottage for guests as it already has plumbing roughed in. The waves rolling in will take away your stress and bring you to your private Oasis. Treat yourself..............Relax, you're home. (id:23309)
- Address: 1198 SUNSET DRIVE
- Location: SOUTH BRUCE PENINSULA
- Ownership: FREEHOLD
- MLS: 214429
|Dining room||Ground level||12' 10'' x 12' 10''|
|4pc Ensuite bath||Ground level||8' 6'' x 8' 9''|
|Bedroom||Ground level||12' 6'' x 12' ''|
|Bedroom||Ground level||18' '' x 10' 6''|
|3pc Bathroom||Ground level||8' 4'' x 6' 5''|
|Kitchen||Ground level||14' 5'' x 11' 9''|
|Living room||Ground level||18' '' x 14' 2''|
|Foyer||In between||14' '' x 7' 6''|
|Bedroom||In between||17' 2'' x 13' 11''|
|3pc Bathroom||In between||7' 6'' x 6' ''|
|Bedroom||In between||30' '' x 10' 7''|
|Laundry room||In between||18' 6'' x 13' ''|
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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