1717 2ND AVENUE #601 Owen Sound
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- Listed Since: February 7th 2020
High above the ground on the 6th floor awaits your condo living. This condominium has a rooftop BBQ, patio area and parking for visitors. The location is great for summer walks and bike rides on the trails or along the east harbor wall. The Bayshore is a short walk away and provides numerous events to enjoy. The master suite has a walk-in closet, a walk-thru ensuite and water view. The second bedroom has a great water view you could see from your bed. Living room has 2 large windows with city view and water view. Updated kitchen with maple cupboards. This place won't last long with stunning water views from both bedrooms and the living room! (id:23309)
- Address: 1717 2ND AVENUE #601
- Location: OWEN SOUND
- Ownership: CONDO CORPORATION
- MLS: 243570
|Living room/Dining room||Ground level||19' 2'' x 11' 11''|
|Master bedroom||Ground level||12' 6'' x 9' 6''|
|Kitchen||Ground level||12' x 7' 7''|
|4pc Bathroom||Ground level|
|Laundry room||Ground level||5' x 4'|
|Bedroom||Ground level||10' 4'' x 7' 6''|
|Storage||Ground level||9' x 6'|
Monthly Mortgage Payments
Thinking about buying 1717 2ND AVENUE #601 -- 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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