696 KING STREET #48 Midland
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- Listed Since: July 15th 2019
SIT BACK AND RELAX! BEAUTIFUL 3+ BEDROOM, 3 BATHS CONDO IN BOWLING GREEN ESTATES. FEATURES INCLUDE KITCHEN, LIVING AND DINING AREA, MASTER WITH ENSUITE, MAIN FLOOR LAUNDRY, FULL FINISHED BASEMENT, WALKOUT TO PATIO AREA, FORCED AIR GAS HEAT, CENTRAL AIR. SHORT WALK TO BEAUTIFUL LITTLE LAKE PARK AND WALKING DISTANCE TO ALL AMENITIES. DON'T WAIT. CALL TODAY. PRICED TO SELL. (id:23309)
- Address: 696 KING STREET #48
- Location: MIDLAND
- Ownership: CONDO CORPORATION
- MLS: 209442
|Recreation room||Basement||17' 8'' x 20' 0''|
|2pc Bathroom||Basement||5' 0'' x 9' 4''|
|Bedroom||Basement||11' 9'' x 12' 9''|
|4pc Ensuite bath||Ground level||8' 0'' x 5' 0''|
|Living room||Ground level||10' 0'' x 13' 0''|
|4pc Bathroom||Ground level||8' 4'' x 5' 0''|
|Bedroom||Ground level||13' 7'' x 9' 11''|
|Bedroom||Ground level||14' 2'' x 10' 11''|
|Bedroom||Ground level||11' 0'' x 11' 4''|
|Kitchen||Ground level||8' 0'' x 15' 0''|
|Dining room||Ground level||9' 0'' x 13' 0''|
Monthly Mortgage Payments
Thinking about buying 696 KING STREET #48 -- lets calculate some payment options and see if purchasing this condo 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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