371 ELIZA STREET, Meaford
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- Listed Since: July 8th 2019
The opportunity to live this close to the water at this price does not happen often. Do not wait. This very comfortable bungalow is nestled in trees on a huge lot just 50 steps from Georgian Bay. Plenty of room for kids and guests, 2 large decks to enjoy the sun or shade and views of Georgian Bay just across the street. Many updates in last 15 years. (id:23309)
- Address: 371 ELIZA STREET
- Location: MEAFORD
- Ownership: FREEHOLD
- MLS: 207341
|Bedroom||Ground level||13' '' x 9' 6''|
|Kitchen||Ground level||12' '' x 11' ''|
|Other||Ground level||10' 7'' x 8' 7''|
|Den||Ground level||13' 0'' x 8' 0''|
|4pc Bathroom||Ground level|
|2pc Bathroom||Ground level|
|Laundry room||Ground level||6' '' x 11' 6''|
|Foyer||Ground level||12' '' x 6' ''|
|Master bedroom||Ground level||13' '' x 13' ''|
|Bedroom||Ground level||11' 6'' x 12' ''|
|Living room||Ground level||13' '' x 24' ''|
Monthly Mortgage Payments
Thinking about buying 371 ELIZA STREET -- 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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