578 GREEN STREET Port Elgin
Up to 21 photos available.
- Listed Since: May 7th 2019
Attention Entrepreneurs and Investors! Great property located steps from Port Elgin's main intersection and across from Coulter Parkette. This 2 bedroom home is zoned Core Commercial which has many permitted uses and would make an excellent home office, rental or even a storefront. High traffic location with fenced rear yard and alley access. There are even 2 driveways. Natural gas forced air heating, updated electrical and windows. Roof re-shingled 2018. Gas fireplace, A/C, newer flooring throughout. Detached shed/man cave with power. Take a look! (id:23309)
- Address: 578 GREEN STREET
- Location: SAUGEEN SHORES
- Ownership: FREEHOLD
- MLS: 193436
|Office||Ground level||10' x 8'|
|Den||Ground level||13' 4'' x 16' 8''|
|Family room||Ground level||19' 9'' x 15' 2''|
|Kitchen||Ground level||16' x 11' 4''|
|4pc Bathroom||Second level|
|Bedroom||Second level||11' 10'' x 9' 2''|
|Master bedroom||Second level||11' 7'' x 13' 9''|
Monthly Mortgage Payments
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- 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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