1050 1ST AVENUE W #201 Owen Sound
Up to 44 photos available.
- Listed Since: November 4th 2019
Attention to seniors!! Your opportunity to enjoy living in CORBET PLACE!! Wonderful location west side of harbour-with easy access to downtown. INSIDE PARKING with handy adjacent storage room. 2nd floor east and south facing. Elevator right to the 4th floor entertainment room. Spacious two bedroom, 2 bathroom suite. Corbett Place has three floors of living above the indoor parking- CAPTAIN OWEN. 1409 sq ft Only two other units this size in this building. This is a Life Lease Building. Buy the right to occupy and use of common areas. No land transfer tax. Enjoy harbour walks, stores, restaurants,churches, theatre,art gallery & much more. (id:23309)
- Address: 1050 1ST AVENUE W #201
- Location: OWEN SOUND
- Ownership: CONDO CORPORATION
- MLS: 230636
|Kitchen||Ground level||10' 3'' x 10' 2''|
|Other||Ground level||14' 3'' x 8'|
|3pc Bathroom||Ground level|
|Master bedroom||Ground level||21' 10'' x 11' 9''|
|Living room||Ground level||17' 1'' x 13' 2''|
|Foyer||Ground level||8' x 6' 2''|
|Bedroom||Ground level||11' x 10' 6''|
|3pc Bathroom||Ground level|
|Utility room||Ground level||5' 6'' x 5' 6''|
|Other||Ground level||10' x 8'|
Monthly Mortgage Payments
Thinking about buying 1050 1ST AVENUE W #201 -- 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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