1050 WATERLOO STREET #26 Port Elgin
Up to 3 photos available.
- Listed Since: February 25th 2019
Phase 3 - Troon Estates Condominium's in Port Elgin. Ideal opportunity to Simplify Your Lifestyle - This Model A, two bedroom bungalow condominium located at Summerside in Port Elgin may be just what you are looking for. Designed with easy low maintenance living in mind. Shouldice Stone exterior, in floor natural gas radiant heat. Single level living at its best. Condo fees include complete lawn maintenance and snow removal. All room measurements are approximate. The photo of the finished unit shown is similar but the front door will not have a window. Including HST after rebates to be assigned back to the Builder if the Buyer qualifies. (id:23309)
- Address: 1050 WATERLOO STREET #26
- Location: SAUGEEN SHORES
- Ownership: CONDO CORPORATION
- MLS: 177133
|Kitchen||Ground level||11' 9'' x 12' 6''|
|Living room||Ground level||13' 4'' x 15' 4''|
|Dining room||Ground level||11' 8'' x 15' 4''|
|Master bedroom||Ground level||12' x 12' 11''|
|Bedroom||Ground level||12' x 11' 1''|
|4pc Bathroom||Ground level||1'|
|Foyer||Ground level||11' 8'' x 5' 6''|
|3pc Bathroom||Ground level|
Monthly Mortgage Payments
Thinking about buying 1050 WATERLOO STREET #26 -- 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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