LT 167 BEACON DRIVE Thornbury
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- Listed Since: May 21st 2020
MODEL HOME NOW FOR SALE in the Cottages at Lora Bay. Discerning home buyers are being offered this fabulous Model Home in this award-winning Thornbury community. The NORTHSTAR model is 3239 sq. ft. of finished living space. The home is part of the Sherwood Homes Ltd "Cottages" collection and is sure to please with it's fabulous open concept design, main floor master with ensuite and beautiful vaulted ceilings. Inside and out, The Cottages at Lora Bay are a testament to fine residential design, with distinguished exteriors and exquisitely appointed interiors to match. Being a model home it has been finished with many beautiful upgrades to add distinction to the home. It is a must see!!! (id:23309)
- Address: LT 167 BEACON DRIVE
- Location: THE BLUE MOUNTAINS
- Ownership: FREEHOLD
- MLS: 258061
|2pc Bathroom||Ground level|
|Kitchen||Ground level||10' x 10' 6''|
|Dining room||Ground level||10' 4'' x 10' 5''|
|3pc Ensuite bath||Ground level|
|Great room||Ground level||14' x 14' 10''|
|Master bedroom||Ground level||12' 1'' x 14' 9''|
|Wine Cellar||Lower level||6' x 9' 6''|
|Bedroom||Lower level||12' x 12' 6''|
|4pc Bathroom||Lower level|
|Family room||Lower level||13' x 28'|
|4pc Bathroom||Second level|
|Bedroom||Second level||12' 4'' x 12'|
|Loft||Second level||14' x 11' 8''|
|Bedroom||Second level||9' 11'' x 11' 6''|
Monthly Mortgage Payments
Thinking about buying LT 167 BEACON DRIVE -- 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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