LOT 3 NORMANTON STREET Port Elgin
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- Listed Since: October 7th 2019
Welcome to the Oslo Model home situated on a spacious 60' lot on a private cul-de-sac. This 1,800 sq ft Bungalow is well appointed offering a spacious layout with 3 bedrooms, 2 bathrooms. Luxurious living begins at Solstice in the Summerside Community. Backing onto green space with 20 min walking trails leading right to the sandy beaches and picturesque sunsets on Lake Huron. Finishes are taken a step above in the Moderno Collection including: Deluxe wood staircase stained to match main floor hardwood with wrought iron pickets, Luxurious kitchen cabinetry with quartz counter-tops, Engineered hardwood throughout main floor and second floor hallway, European ensuite wet baths including curb-less fully tiled showers with glass shower panel and freestanding tubs. (id:23309)
- Address: LOT 3 NORMANTON STREET
- Location: PORT ELGIN
- Ownership: FREEHOLD
- MLS: 226648
|Other||Ground level||18' 6'' x 13' 0''|
|Kitchen||Ground level||13' 2'' x 10' 6''|
|Dining room||Ground level||13' 2'' x 10' 10''|
|Living room||Ground level||12' 4'' x 14' 6''|
|Master bedroom||Ground level||14' x 14'|
|5pc Ensuite bath||Ground level|
|4pc Bathroom||Ground level|
|Bedroom||Ground level||10' 4'' x 11'|
|Bedroom||Ground level||10' 3'' x 12' 0''|
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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