5 MARSHALL ST W, Meaford
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- Listed Since: July 11th 2019
***Seller Is Willing To Assist With Financing By Offering A 12% Vendor Take Back On Mortgage*** Attention Investors / Home Buyers... Want To Generate Extra Income. Great Opportunity To Own A Large, Spacious Two And A Half Storey Red Brick Duplex With Good Tenants Only 2 Blocks From Downtown, On Bus Route, Close To Convenience Store & 3 Blocks From Meaford Harbour. Roof Replaced In 2015. Earn Over $22,530/ Per Year In Rental Income.**** EXTRAS **** Includes: 2 Stoves, 2 Fridges, 2 Washers And 2 Dryers, 1 Dishwasher. (id:23309)
- Address: 5 MARSHALL ST W
- Location: MEAFORD
- Ownership: FREEHOLD
- MLS: X4514939
|Bedroom||Other||3.04 m x 2.98 m|
|Bathroom||Other||3.41 m x 1.82 m|
|Family room||Other||3.96 m x 3.44 m|
|Kitchen||Other||3.41 m x 3.1 m|
|Office||Other||2.86 m x 2.52 m|
|Bedroom||Other||2.15 m x 1.86 m|
|Kitchen||Other||3.37 m x 3.08 m|
|Dining room||Other||3.98 m x 2.77 m|
|Family room||Other||3.96 m x 3.66 m|
|Bedroom||Other||4.29 m x 3.66 m|
|Bathroom||Upper Level||2.47 m x 1.54 m|
Monthly Mortgage Payments
Thinking about buying 5 MARSHALL ST W -- 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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