466 WALES Drive, Port Elgin
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This bungalow is situated on a lot 60' x 100' at 466 Wales Drive in Port Elgin. The windows, doors, and shingles are up-to-date; new breaker panel installed in 2016. This home is heated with two gas fireplaces and the price includes 4 appliances. There is a nice sized garden shed in the fenced backyard along with a new deck for your enjoyment this summer. Great location for a home or cottage, just a short walk to the beach or the downtown core.
- Address: 466 WALES DRIVE
- Nearest Town or City: Port Elgin
- Ownership Type: Freehold
|Bath (# pieces 1-6)||Basement||2PC|
|Bath (# pieces 1-6)||Main level||4PC|
|Dining nook||Main level||8'4X9'9|
|Living room||Main level||11'2X20|
|Master bedroom||Main level||11'2X12'6|
Monthly Mortgage Payments
Thinking about buying 466 WALES Drive -- lets calculate some 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.
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Email or call Brandon at (226) 923-0482 to get more information or to schedule a viewing. Please provide the listing code when calling.
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