137 SIMPSON Avenue Tobermory Ontario

A waterfront home for sale near Tobermory

137 SIMPSON Avenue Tobermory Ontario
  • 137 SIMPSON Avenue Tobermory Ontario
  • 137 SIMPSON Avenue Tobermory Ontario
  • 137 SIMPSON Avenue Tobermory Ontario
  • 137 SIMPSON Avenue Tobermory Ontario
  • 137 SIMPSON Avenue | Tobermory Ontario
  • 137 SIMPSON Avenue Tobermory Ontario
  • 137 SIMPSON Avenue Tobermory Ontario
  • 137 SIMPSON Avenue Tobermory Ontario
  • 137 SIMPSON Avenue Tobermory Ontario
  • 137 SIMPSON Avenue Tobermory Ontario
  • 137 SIMPSON Avenue Tobermory Ontario
  • 137 SIMPSON Avenue Tobermory Ontario
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$325,000 CAD

MLS® 410968000416816

Two level home or cottage on Hay Bay off of Lake Huron on the Bruce Peninsula. This home has 3 bedrooms and 1.5 bathrooms. Main floor is open concept living/dining and kitchen, with hardwood floors in the living area and cozy woodstove. Lots of windows and walk out to waterside deck with great views. There's a laundry room with washer, a 4 piece bathroom and main floor bedroom. The upper level has two very large bedrooms, the master with a walkout to waterside balcony, plus a 2 piece bathroom. Great views from both levels. Comes with appliances, furniture and pretty much all you need to start cottage life. Situated on a natural inlet off of Lake Huron, there's a great swimming area a short walk along the path to the shore. This cottage has a great rental history that you can continue to help supplement your costs. Close to Tobermory and all amenities. Taxes: $2,109.

This home is located near a wonderful town known as Tobermory Ontario. To learn more about how to purchase this home contact Brandon -- he would be more than happy to assist you.

  • 3 Bedrooms
  • 2 Bathrooms
  • 1,200 Square Feet
  • $1,144 / month

Monthly Mortgage Payments at 2.34

Thinking about buying this home in Tobermory -- lets calculate some mortgage payment options and see if purchasing this home can become a reality.

  • Down Payment
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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.

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  • 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.

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  • Mortgage Rate
  •  

The rate of interest you will pay on the outstanding balance of your mortgage.

  • Mortgage Type
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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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Fixed 1 Year 2.34Fixed 5 Years 2.54

These mortgage estimates are provided by Sharon Vanderschot from Mortgage Alliance.

  • 137 SIMPSON Avenue, Tobermory, Ontario, N0H 2R0

The mapping for this listing was provided by Google Maps and if an address could not be determined than an approximation could have been made.