603 ALMA Street Walkerton
$389,900
Discover the untapped potential of 603 Alma Street, Walkerton ON – an affordable opportunity for first-time homebuyers to shape their dream home. This charming property boasts a cozy interior with a nostalgic touch, offering a blank canvas for personalization and renovation. With a keen eye and a touch of creativity, transform this dated gem into a modern haven that reflects your unique style. Priced to accommodate the budget of first-time buyers, this property invites you to invest in a home filled with possibilities. Seize the chance to create a space that truly feels like yours on a budget at 603 Alma Street, where the price aligns with the promise of potential. (id:25417)
- 3 Bedrooms
- 2 Bathrooms
- 1,040 Square Feet
- $1,812 / month (estimated mortgage)
- Listing ID: 40512159
- Listed On: NOVEMBER 14TH 2023
- Address: 603 ALMA STREET
- Location: WALKERTON
- Postal Code: N0G 2V0
Get Directions
Get to know this Neighbourhood
From Yonge St, turn onto Elgin Street, then drive 2 blocks and turn left onto Alma.
| Rooms | Levels | Dimensions |
|---|---|---|
| Laundry room | Lower level | 12'5'' x 13'2'' |
| Games room | Lower level | 19'1'' x 11'9'' |
| Recreation room | Lower level | 24'0'' x 18'8'' |
| 2pc Bathroom | Lower level | Measurements not available |
| 4pc Bathroom | Main level | 6'' |
| Bedroom | Main level | 8'7'' x 12'1'' |
| Bedroom | Main level | 8'7'' x 8'4'' |
| Primary Bedroom | Main level | 10'6'' x 12'1'' |
| Foyer | Main level | 3'5'' x 5'0'' |
| Living room | Main level | 17'6'' x 12'0'' |
| Kitchen | Main level | 16'7'' x 8'3'' |
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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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