81 MELROSE AVENUE, Wasaga Beach
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- Listed Since: March 13th 2019
This cozy Wasaga Beach home is a pleasure to show. Situated on a quiet street, it is a two bedroom, open concept charmer. The updated, eat-in kitchen features white cabinetry and a patio door to the side deck and fully fenced back yard. The living/dining area and the master bedroom have lovely hardwood floors. Natural light flows from the front through to the back of this home. Newer inclusions are a combination washer/dryer, a tankless water heater, natural gas fireplace, dynamite storage shed and the fencing. Imagine sipping a latte on the front verandah, enjoying the vibe of small town living. Minutes to Wasaga's Beach 5. A super home all ready for you to settle in! (id:23309)
- Address: 81 MELROSE AVENUE
- Location: WASAGA BEACH
- Ownership: FREEHOLD
- MLS: 180986
|Living room/Dining room||Ground level||23' 8'' x 12' ''|
|Eat in kitchen||Ground level||16' '' x 9' 3''|
|Bedroom||Ground level||9' 8'' x 8' 8''|
|Master bedroom||Ground level||11' 0'' x 8' 8''|
|3pc Bathroom||Ground level||6' 9'' x 6' 4''|
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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