7093 HIGHWAY 6 Tobermory
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- Listed Since: March 24th 2020
Welcome to Tobermory! This 3 bedroom home on Highway 6 is just outside of the Village of Tobermorys and is a blank canvas awaiting for you to choose the colors. Nearly 1.5 acres with Highway exposure would make for an excellent location for in home occupation. Outside are two spacious shops needing some TLC but provide plenty of storage space for either the hobbiest or someone with a big toy collection! Dont wait; call your REALTOR® today for a private viewing. ... Check out our virtual tour for a digital preview. (id:23309)
- Address: 7093 HIGHWAY 6
- Location: NORTHERN BRUCE PENINSULA
- Ownership: FREEHOLD
- MLS: 252666
|Dining room||Ground level||11' 11'' x 11' 6''|
|Kitchen||Ground level||11' 4'' x 9' 3''|
|Living room||Ground level||17' 7'' x 15' 2''|
|Family room||Ground level||16' 9'' x 11' 7''|
|4pc Bathroom||Ground level||7' 10'' x 5' 11''|
|Master bedroom||Ground level||11' 5'' x 10' 1''|
|Bedroom||Second level||12' 6'' x 10' 4''|
|Bedroom||Second level||9' x 9'|
|2pc Bathroom||Second level||5' 2'' x 4' 10''|
Monthly Mortgage Payments
Thinking about buying 7093 HIGHWAY 6 -- 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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