56 53RD STREET S, Wasaga Beach
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- Listed Since: July 13th 2018
Great 4 bedroom, 1 bath home offering 1250 sq ft of finished living space located in West Wasaga close to shops, amenities and just a few blocks from the beach. This home is situated on a large 105' X 142' lot and offers the opportunity for severance to create another building lot. Shingles, electrical panel, furnace and central air have all been replaced in the past 3 years. Windows are newer. The home offers a large wrap around deck, usable single car garage as well a bunkie with a 3 piece washroom needing a little TLC. Great opportunity for investors or first time Buyers!!!!!! (id:23309)
- Address: 56 53RD STREET S
- Location: WASAGA BEACH
- Ownership: FREEHOLD
- MLS: 140705
|Kitchen||Ground level||9' '' x 8' ''|
|Dining room||Ground level||12' '' x 9' ''|
|Master bedroom||Ground level||17' '' x 9' ''|
|Other||Ground level||19' '' x 12' ''|
|Bedroom||Ground level||9' '' x 8' 8''|
|Bedroom||Ground level||9' '' x 8' ''|
|Bedroom||Ground level||9' 2'' x 8' ''|
|3pc Bathroom||Ground level||6' 6'' x 4' 2''|
|Living room||Ground level||16' 8'' x 12' ''|
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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