639 MAIN STREET Sauble Beach
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- Listed Since: February 24th 2020
Fantastic opportunity to own a home and business, all in one! Residential home plus 3 commercial units in the desirable Sauble Beach! High traffic location, located on the main strip. Lovely home with 3 bedrooms and 2 bathrooms. The home has 1920 sq ft and the commercial portion is 1760 sq ft! Don't miss this chance to work and live in Sauble Beach! Call for more details. (id:23309)
- Address: 639 MAIN STREET
- Location: SAUBLE BEACH
- Ownership: FREEHOLD
- MLS: 246142
|3pc Bathroom||Ground level||8' x 9' 3''|
|Bedroom||Ground level||11' 4'' x 7' 8''|
|Bedroom||Ground level||11' 4'' x 14' 4''|
|Living room||Ground level||11' 6'' x 19' 6''|
|Dining room||Ground level||11' 6'' x 10' 8''|
|Kitchen||Ground level||11' 6'' x 12' 2''|
|4pc Bathroom||In between||8' 11'' x 6' 7''|
|Bedroom||In between||9' 6'' x 11'|
|Recreation room||In between||21' 5'' x 15' 8''|
Monthly Mortgage Payments
Thinking about buying 639 MAIN 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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