486 RIDGE STREET, Port Elgin

486 RIDGE STREET
  • 486 RIDGE STREET
  • 486 RIDGE STREET
  • 486 RIDGE STREET
  • 486 RIDGE STREET
  • 486 RIDGE STREET
  • 486 RIDGE STREET
  • 486 RIDGE STREET
  • 486 RIDGE STREET
  • 486 RIDGE STREET
  • 486 RIDGE STREET
  • 486 RIDGE STREET
  • 486 RIDGE STREET
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$349,900 CAD

  • Listed Since: September 9th 2019

Convenient, one level living in this adorable bungalow in a nice residential area of Port Elgin. Home is clean and cozy and offers so many perks such as a 3+1 bedrooms, two modern baths and finished rec room with gas fireplace. The three-season sun room is the quiet spot for morning coffee or afternoon snooze! The yard is completely fenced for kids and pets and backs onto greenspace, allowing for lovely views from rear facing windows. Trekking to the beach? Take a 5-minute walk on the scenic trail behind the properties on this street and there you are! Utility charges are attractive at $85/mo. for hydro, $85/mo. for gas (approximate figures). Make 486 Ridge Street your retirement home or it's a great place to start if you are a first-time buyer. Could also make an excellent rental property! (id:23309)

  • Address: 486 RIDGE STREET
  • Location: PORT ELGIN
  • Ownership: FREEHOLD
  • MLS: 220325

This home is located in Port Elgin Ontario. To learn more about how to purchase this property contact us today -- we would be more than happy to assist you.

4pc BathroomGround level10' '' x 5' ''
OtherGround level20' '' x 11' ''
Laundry roomGround level18' '' x 16' ''
Eat in kitchenGround level18' '' x 10' ''
Master bedroomGround level12' '' x 10' ''
BedroomGround level10' '' x 10' ''
BedroomGround level13' '' x 9' ''
BedroomLower level24' '' x 17' ''
3pc BathroomLower level8' '' x 4' ''
Utility roomLower level15' '' x 9' ''
BedroomLower level26' '' x 9' ''
  • 5 Bedrooms
  • 2 Bathrooms
  • 1,139 Square Feet
  • $1,309 / month (estimated mortgage)

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Listing provided by RE/MAX LAND EXCHANGE LTD Brokerage (Hanover)

Monthly Mortgage Payments

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  • Down Payment
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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.

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  • 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.

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  • Mortgage Rate
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The rate of interest you will pay on the outstanding balance of your mortgage.

  • Mortgage Type
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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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  • 486 RIDGE STREET, Port Elgin, Ontario

The mapping for this listing was provided by Google Maps and if an address could not be determined than an approximation could have been made.

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