700 HILKER STREET Port Elgin
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- Listed Since: December 5th 2019
When opportunity knocks, take full advantage of the potential offered in this fantastic home on a prime lot just steps from the hub of main street. With room to add value through personalization, this site could also be easily redeveloped into a high density housing complex creating strong returns for those looking to get into one of the regions fastest growing housing markets. Have a look at the possibilities and arrange your personal viewing. (id:23309)
- Address: 700 HILKER STREET
- Location: PORT ELGIN
- Ownership: FREEHOLD
- MLS: 235910
|Kitchen||Ground level||15' 4'' x 14' 6''|
|Mud room||Ground level||17' 11'' x 5' 9''|
|4pc Bathroom||Ground level|
|Living room||Ground level||27' 10'' x 12' 7''|
|Master bedroom||Ground level||12' 10'' x 9' 4''|
|Bedroom||Ground level||11' 3'' x 11' 5''|
|Bedroom||Second level||11' 7'' x 15' 5''|
|Sitting room||Second level||11' 7'' x 15' 5''|
Monthly Mortgage Payments
Thinking about buying 700 HILKER STREET -- 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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