17 ALBERT ROAD Tiverton
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- Listed Since: February 11th 2020
Great year round home, cottage or investment property situated on spacious lot 114 x 140 boasting mature trees including fruit trees (apple & pear) & maintenance free landscaping! Located in popular Inverhuron area, close to sandy beach, Provincial Park & Bruce Power. This 3 bed 2 bath home has seen extensive renovation by local reputable contractors over the past 10 years including roof shingles, vinyl windows, drywall, propane furnace, insulation, plumbing, electrical etc. Professionally Designed and nicely finished, top to bottom. You will appreciate the main floor living space, dining, kitchen, 5pc bath, laundry room with wash tub, bedroom & cozy living room complete with hardwired home theatre system & a corner propane fireplace with patio doors leading to large back deck & hot tub. Upstairs is complete with 2 good size bedrooms & functional 2pc bathroom. Quaint, rustic 16' x 17' bunkie equipped with hydro offers extra seasonal living area! Shed 8' x 12' built by local Amish. (id:23309)
- Address: 17 ALBERT ROAD
- Location: INVERHURON
- Ownership: FREEHOLD
- MLS: 242542
|5pc Bathroom||Ground level||6' 7'' x 8' 1''|
|Dining room||Ground level||14' 9'' x 16' 3''|
|Laundry room||Ground level||9' 3'' x 5' 1''|
|Bedroom||Ground level||9' 7'' x 11' 7''|
|Kitchen||Ground level||9' 4'' x 12' 1''|
|Living room||Ground level||13' 1'' x 24' 8''|
|Bedroom||Second level||10' 5'' x 12' 4''|
|Bedroom||Second level||9' 4'' x 12' 10''|
|2pc Bathroom||Second level||3' 4'' x 7' 4''|
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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