15 MADAWASKA TRAIL, Wasaga Beach
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- Listed Since: June 11th 2019
Affordable Cottage Living! Enjoy your bright & sunny cabin on oversized lot. Popular 3 bedroom 968 sqft Cabin. Gas Fireplace & F/A natural gas furnace. Screened in porch with large deck. Extensive landscaping. All furnishings and appliances incl, all that is needed is you and your family! New Roof 2018. 4-Season resort, perfect for families or weekend w/friends. Gated community w/rec centre, indoor & outdoor pools,walking path to beach & tennis courts.3 bdrm loft model, fully furnished & equipped. Fees for new owner will be: Land lease $480,00 Maint.$70,Taxes $119.48 Water/sewer $28.60.Total monthly fees $698.12. Landlord approval req'd. (id:23309)
- Address: 15 MADAWASKA TRAIL
- Location: WASAGA BEACH
- Ownership: LEASED LAND
- MLS: 201531
|4pc Bathroom||Ground level|
|Bedroom||Ground level||9' '' x 10' ''|
|Master bedroom||Ground level||11' '' x 11' ''|
|Living room/Dining room||Ground level||15' '' x 13' ''|
|Kitchen||Ground level||15' '' x 10' ''|
|Bedroom||Second level||11' '' x 11' ''|
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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