131 HIGHLAND DRIVE Markdale
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- Listed Since: January 21st 2020
3 Bedroom, 2 bathroom family sized home in Highland Estates. Set back nicely from the road, the home sits on a tastefully landscaped 1.4 acre lot lined by trees. The interior is bright and warm well suited for entertaining. You can gather in the kitchen or relax on the deck off the back. Park inside the attached 2 car garage (No ice scraping!) and store the lawnmower in the detached storage shed. Built in 2017, the home has been upgraded in 2018 with a gravel circular drive and poured concrete walk way and improved landscaping at the font of the house and garage. Markdale, with all amenities including an elementary school, hospital, shopping, banking and dining is a short 5 minute drive! You arent far from nature and recreation either - Snowmobile trails, cross country skiing biking and more. (id:23309)
- Address: 131 HIGHLAND DRIVE
- Location: WEST GREY
- Ownership: FREEHOLD
- MLS: 239274
|Kitchen||Ground level||11' 8'' x 16' 8''|
|Living room||Ground level||11' 9'' x 16' 8''|
|Dining room||Ground level||8' 5'' x 11' 9''|
|Mud room||Ground level||12' 3'' x 9' 9''|
|5pc Ensuite bath||Ground level|
|4pc Bathroom||Ground level|
|Master bedroom||Ground level||12' 7'' x 17' 0''|
|Bedroom||Ground level||12' 2'' x 12' 2''|
|Bedroom||Ground level||12' 5'' x 12' 0''|
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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