361031 CONCESSION 16 Port Elgin Ontario

A residential home for sale near Port Elgin

361031 CONCESSION 16 Port Elgin Ontario
  • 361031 CONCESSION 16 Port Elgin Ontario
  • 361031 CONCESSION 16 Port Elgin Ontario
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$99,000 CAD

MLS® 420362000310800

Nice country lot. House is in need of major renovation. Being sold 'AS IS'.

This home is located near a wonderful town known as Port Elgin Ontario. To learn more about how to purchase this home contact Brandon -- he would be more than happy to assist you.

KitchenMain level13'1X15'7
BedroomMain level7'6X13'10
Bath (# pieces 1-6)Main level4PC
Living roomMain level13'7X15
BedroomSecond level9'5X17
BedroomSecond level10'4X14'8
  • 3 Bedrooms
  • 1 Bathrooms
  • 1,375 Square Feet
  • $349 / month

Monthly Mortgage Payments at 2.34

Thinking about buying this home in Port Elgin -- lets calculate some mortgage 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.


Fixed 1 Year 2.34Fixed 5 Years 2.54

These mortgage estimates are provided by Sharon Vanderschot from Mortgage Alliance.

  • 361031 CONCESSION 16, Port Elgin, Ontario

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