420 Lakewood Drive Midland
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- Listed Since: October 30th 2019
First Time Being Offered For Sale. Take A Look At This Well Appointed 1800 Sqft Ranch Bungalow. Located In Exclusive Midland Point Area. Enjoy The Peace And Quiet Of A Dead End Street With Exceptional Water Views. This Home Offers 3 Bedrooms And 2.5 Bathrooms On The Main Level. Open Concept Kitchen, Dining And Living Room. The Formal Sitting Room Has Great Space With Vaulted Ceiling. Enjoy The Park Like Setting From The Back Deck Looking Onto Green Space. As An Added Bonus Is The Double Car Attached Garage With Inside Entry And The Partially Finished Basement. Note: ** Sq. Ft. Measures On Realtor.Ca Are Exterior, Not Interior. ** 24 Hours Irrevocable On All Offers * (id:23309)
- Address: 420 LAKEWOOD DRIVE
- Location: MIDLAND
- Ownership: FREEHOLD
- MLS: 30775165
|Foyer||Ground level||8' 0'' x 5' 4''|
|Laundry room||Ground level||7' 10'' x 5' 0''|
|4pc Bathroom||Ground level|
|Bedroom||Ground level||12' 9'' x 10' 5''|
|Master bedroom||Ground level||12' 9'' x 16' 2''|
|Bedroom||Ground level||9' 9'' x 11' 6''|
|Family room||Ground level||12' 6'' x 16' 6''|
|Eat in kitchen||Ground level||9' 10'' x 29' 6''|
|Dining room||Ground level||10' 10'' x 10' 5''|
|Living room||Ground level||10' 11'' x 18' 1''|
|4pc Bathroom||Ground level|
Monthly Mortgage Payments
Thinking about buying 420 Lakewood Drive -- 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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