827183 40 GREY RD, Meaford
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- Listed Since: February 13th 2018
Build your dream home while living above your three car garage. This beautifully finished home has everything you need whether you decide to use it for your main home or while building a brand new home on this two acre parcel of land, either way you have great living space and panoramic views of Georgian Bay and the surrounding countryside. Wood floors throughout with a spacious kitchen and dining room. Open concept by design and very cozy with a gas fireplace centrally located so that every area can enjoy the ambiance. The home is located just above the Town line in Grey Highlands, which makes building permits and prices a lot more pleasing to obtain than in the Blue Mountains. There is some driveway relocation that still needs to be completed which is included in the purchase price. Why wait! View it today and see what the existing home and tract of land has to offer.
- Address: 827183 40 GREY RD
- Location: GREY HIGHLANDS
- Nearest Town or City: Meaford
- Listing No: 108283
- Ownership Type: Freehold
|3pc Ensuite bath||Second level|
|2pc Bathroom||Second level||16' 11'' x 11' 6''|
|Bedroom||Second level||16' 6'' x 11' 6''|
|Master bedroom||Second level||16' 8'' x 18' 5''|
|Kitchen||Second level||13' 10'' x 12' 2''|
|Dining room||Second level||14' 3'' x 7' 0''|
|Living room||Second level||27' 3'' x 7' 0''|
|Foyer||Second level||7' 7'' x 5' 5''|
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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