588029 9TH SIDE RD, Ravenna
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First time on the market in 40 years!! A true diamond in the rough. 49 acre farm on the edge of the Niagara Escarpment. Fantastic views of the west side of the Beaver Valley on Georgian Bay. Older farm home in need of renovation/reconstruction. Bank barn ideal for dry storage, land is fully fenced currently used for pasturing sheep and cattle. Land is currently being farmed by a local farmer. Ideal location to build your dream home and play with your big boy toys. HST in addition to sale price on agricultural portion.
- Address: 588029 9TH SIDE RD
- Location: TOWN OF BLUE MOUNTAIN
- Nearest Town or City: Ravenna
- Ownership Type: Freehold
|Den||Main level||11'4 X 10'6|
|Kitchen||Main level||/DINING 24'9 X 17'|
|Living room||Main level||16' X 23'|
|Bedroom||Second level||9'6 X 9'2|
|Bedroom||Second level||11'10 X 9'2|
|Bedroom||Second level||12'6 X 8'10|
|Master bedroom||Second level||12'6 X 9'2|
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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