303620 SOUTHLINE RD Priceville Ontario
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Leave the stress behind - it's relaxing time! A hidden gem nestled on almost 4 acres, backing onto acres of conservation land with groomed trails & lake perfect for kayaking, canoeing and more. Year round home or retreat on a quiet country road, hidden behind the trees. Built in 1993 features 2 spacious bedrooms, 2 full bathrooms, air tight wood stove/fireplace, wood floors, cathedral ceiling, and more. Spacious lower level with ideal space for 3rd bedroom. Family room with walkout to backyard oasis with deck for barbecuing and relaxing, patio, tiered gardens & water feature, trails through the trees... the list goes on and on! Enjoy almost 4 acres with streams, natural springs, trails through the trees & open areas for gardening & star gazing. Perfect retreat for bird watchers & watching wildlife. If you are looking for a peaceful retreat this is the perfect place for you. Just a short drive to Durham for all amenities. Call to view this unique property.
Priceville -- Balanced Real Estate Market
Monthly Mortgage Payments at 2.34
Thinking about buying this home in Priceville -- lets calculate some mortgage 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.
These mortgage estimates are provided by Sharon Vanderschot from Mortgage Alliance.