517 WALES DRIVE Port Elgin

517 WALES DRIVE
  • 517 WALES DRIVE
  • 517 WALES DRIVE
  • 517 WALES DRIVE
  • 517 WALES DRIVE
  • 517 WALES DRIVE
  • 517 WALES DRIVE
  • 517 WALES DRIVE
  • 517 WALES DRIVE
  • 517 WALES DRIVE
  • 517 WALES DRIVE
  • 517 WALES DRIVE
  • 517 WALES DRIVE
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$379,900

  • Listed Since: March 23rd 2020

This well kept side split is located just a few blocks from the sandy shores of Lake Huron! Walking trails and camping are near by. This is the perfect, quiet neighbourhood to raise a young family, close to schools and shopping. Lower level is a walk out to a beautiful private patio with lots of space for kids to play and enjoy the outdoors! New windows, shingles, water heater and most flooring. (id:23309)

  • Address: 517 WALES DRIVE
  • Location: PORT ELGIN
  • Ownership: FREEHOLD
  • MLS: 252257

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.

Living roomGround level13' 6'' x 13'
KitchenGround level7' 8'' x 11' 5''
Dining roomGround level11' 8'' x 9' 1''
BedroomIn between8' 9'' x 9' 4''
3pc BathroomIn between8' 1'' x 4' 6''
Recreation roomIn between17' 6'' x 13' 0''
StorageLower level15' 8'' x 9' 5''
Utility roomLower level24' 0'' x 16' 8''
BedroomSecond level9' 3'' x 8' 3''
Master bedroomSecond level12' 7'' x 9' 0''
BedroomSecond level9' 0'' x 11' 5''
4pc BathroomSecond level8' 2'' x 8' 1''
  • 4 Bedrooms
  • 2 Bathrooms
  • 1,260 Square Feet
  • $1,421 / month (estimated mortgage)

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Listing provided by COLDWELL BANKER THE PROPERTY SHOPPE Brokerage (PE)

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

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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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