8 ELM DRIVE, Wasaga Beach
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- Listed Since: May 15th 2018
Fabulous location for this detached Bungalow loft with a 2 bedroom nanny's suite currently occupied. 3 Bedrooms on the upper floor, master ensuite and walkin closet, large open concept living and dining room, huge eat-in kitchen with walkout to large family size deck, steps down to a fully fenced yard. Short walk to Stonebridge or Beach 1. Lots of new homes going up on the street and close walk to the Newly designated downtown of Wasaga Beach (id:23309)
- Address: 8 ELM DRIVE
- Location: WASAGA BEACH
- Ownership: FREEHOLD
- MLS: 125915
|Living room/Dining room||Ground level||36' 6'' x 14' 9''|
|Bedroom||Ground level||10' 2'' x 12' ''|
|Kitchen||Ground level||27' 14'' x 14' 11''|
|Bedroom||Ground level||13' 7'' x 12' ''|
|Bedroom||Lower level||14' '' x 12' ''|
|Second Kitchen||Lower level||14' 10'' x 14' 6''|
|Living room/Dining room||Lower level||22' 6'' x 14' 6''|
|Bedroom||Lower level||13' 7'' x 12' ''|
|Master bedroom||Second level||14' 4'' x 11' 10''|
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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