8351 HIGHWAY 7 RR2 Rockwood
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- Listed Since: January 13th 2020
A Unique 17-Acre Property W/ Residential, Commercial, Industrial + Agricultural Capabilities. Future Development Potential For Collection Of Estate Homes Or One Remarkable Residence. Comm/Industrial Warehouse On Site W/ Parking For 5 Semi-Trucks. Over A Dozen Permitted Uses. Great Elevation @ Rear. Oversized Paddocks For Horse Stabling. Town Water/Sewers App. 100M From Property Line. Go Bus+Train, Hwy401, Pearson, Guelph, Oakville, Toronto All Within 1Hr.**** EXTRAS **** See Attach For Prop/Area Amenities, Incl/Excl, Improvements/Outbuildings. County Supports Flexible Agri Policies/Town May Revisit Agri Designation + Extend Urban Centre For Infilling (Buyer To Confirm - Seller/Psr Can't Warrant This Info). (id:23309)
- Address: 8351 HIGHWAY 7 RR2
- Location: GUELPH/ERAMOSA
- Ownership: FREEHOLD
- MLS: X4666313
|Office||Basement||2.84 m x 2.13 m|
|Other||Basement||11.13 m x 3.96 m|
|Bedroom 3||Basement||4.57 m x 3.96 m|
|Bedroom 2||Main level||3.15 m x 3.1 m|
|Master bedroom||Main level||3.18 m x 3.12 m|
|Family room||Main level||5.23 m x 3.66 m|
|Living room||Main level||5.26 m x 3.56 m|
|Dining room||Main level||4.72 m x 4.27 m|
|Kitchen||Main level||4.27 m x 2.54 m|
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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