35 GRANT WATSON Drive Tobermory Ontario
Up to 29 photos available.
Sensational cliff top Tobermory residence overlooking Georgian Bay & the famous Flower Pot Island. This 4 bdrm/2 Bath residence offers Water views from almost every room in the home. Welcoming living room with gas fireplace & large windows allowing for loads of natural light. A bright kitchen with under-cabinet lights for better visibility & breakfast bar with a view of the lake make it the perfect place for your morning coffee. Casual sitting area between kitchen & dining space. Main floor is set up for one level living while also lending space for laundry, hobby room, home office & access to the oversized dbl garage. Exterior of the house boasts sensational perennial gardens with mature plants & a shed for your gardening tools. The Bunkie with loft is perfect for your extra guests. Lounge on the upper breathtaking view deck or take the path down to the waterside new patio area. Enjoy the expansive water views from all areas of this spectacular year round property
Tobermory -- Seller’s Real Estate Market
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
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.
These mortgage estimates are provided by Sharon Vanderschot from Mortgage Alliance.