7457 HIGHWAY 6, Tobermory
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- Listed Since: June 11th 2018
Location, Location, Location! This 4 bed 4 bath home is walking distance to the harbour and quaint town of Tobermory. Boasting a private yard, an in law suite, a large private deck, master en-suite, main floor laundry, Large 13.5' x 19.2' Bunkie, 2 owned hot water tanks (2017/2016), water filtration system with UV light and Softener (2014), parking for 7 cars and a proven rental income over the last 5 years. Purchase the property now and assume rentals already booked for 2018 or wait and make it your own in September 2018. Property is being sold in as is where is as the owner does not live at the property. Property comes with most furnishings, dishes, and some art. Just move in or start renting today! (id:23309)
- Address: 7457 HIGHWAY 6
- Location: TOBERMORY
- Ownership: FREEHOLD
- MLS: 133528
|Master bedroom||Ground level||12' 10'' x 10' ''|
|Living room||Ground level||13' 9'' x 17' 7''|
|Dining room||Ground level||12' 8'' x 9' 1''|
|Laundry room||Ground level||9' 7'' x 4' 6''|
|Kitchen||Ground level||14' 4'' x 9' 7''|
|Family room||Ground level||11' 8'' x 22' 8''|
|4pc Bathroom||Ground level||9' 8'' x 6' 6''|
|Bedroom||Ground level||11' 2'' x 10' 5''|
|Bedroom||Ground level||13' '' x 9' ''|
|2pc Ensuite bath||Ground level||4' 11'' x 5' ''|
|Kitchen/Dining room||Lower level||26' 9'' x 15' 4''|
|Bedroom||Lower level||12' 4'' x 22' ''|
|3pc Bathroom||Lower level||6' 9'' x 8' 3''|
|4pc Bathroom||Lower level||11' 4'' x 5' 4''|
Monthly Mortgage Payments
Thinking about buying 7457 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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- St. Edmunds Public School
Northern Bruce Peninsula, ON
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