394 WELLINGTON Street Port Elgin Ontario
Up to 30 photos available.
This home has been completely updated from top to bottom- just move-in and enjoy! Located in an established neighborhood and situated on a private, mature lot backing onto parkland. Beautifully landscaped, immaculate lawn and gardens and a like-new two tiered deck across the back of the home. Main level offers an open concept kitchen, dining and living room with a walkout to deck. Upstairs are 3 very spacious bedrooms and a renovated 4pc bath. Lower level is finished with a family room featuring a natural gas fireplace, 2pc bath, lovely built-in office area and laundry and utility room. The home is heated by economical forced air gas and cooled with central air. Many upgrades and renovations over the last few years including newer flooring, updated kitchen and bathrooms, custom window treatments, in-ground sprinkler system and it comes with 7 appliances! Shows just like a new house. The garage is heated separately by forced air electric system. Make your appointment to view.
Port Elgin -- Seller’s Real Estate Market
|Bath (# pieces 1-6)||Lower level||2PC|
|Family room||Lower level||19'4X18|
|Living room||Main level||19'6X10'5|
|Dining room||Main level||11'5X8|
|Bath (# pieces 1-6)||Second level||4PC|
|Master bedroom||Second level||14'5X14'5|
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.
These mortgage estimates are provided by Sharon Vanderschot from Mortgage Alliance.