Message Number417829
statusActive
Subject LineCharming 3 Beds Raised Bungalow In Eastdale Community, Oshawa. $1,095,000. $70,000 down and seller provides financing for the balance without credit references.
Business area
Canada
Ontario
Greater Toronto area
Oshawa
Have/WantHave
Business categoryBusiness Opportunities
Residential estates, single family homes, condos, cottages, vacation homes
Date of ListingAugust 16 2023
Price$1,095,000.00
CommentsCharming Three Bedroom Raised Bungalow In Preferred Eastdale Community: Quiet Court Location Close To Schools, Park And Trails;
Main Floor Includes Kitchen, Dining Room And Spacious, Bright Living Room And Three Bedrooms. The basement has a separate entrance. Being developed as a two-bedroom in-law suite with eat-in kitchen, living room, 3 piece washroom. Gas furnace, gas hot water tank and Air Conditioner. All owned. All appliances included. $70,000 down and seller provides financing for the balance without credit references.



Purchase Price, $1,095,000.

Down Payment as deposit: $70,000 Balance: $1,025,000 VTB or will provide
First Mortgage: $700,000 at 8% interest only, payable monthly at 8%, equals $56,000 per year

Second Mortgage: $325,000 at 0% per annum

The $56,000 divided by 12 months is $4,667 interest monthly

The total mortgaging is $1,025,000. Divide that into $56,000, the overall interest rate is 5.45% The two mortgages are fully open in part or full, without notice, or interest or penalty
The term is 24 months

The Buyer has the option, upon notifying the lender (mortgagee(s) two months before expiry, to extend another 24 months, subject to mortgagee and mortgagor mutually agreeing to the negotiated interest rate.
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Member Identifier11598
Client DetailsBuilder/Developer
ControlRegular Client
NameAkpa Agnemel
TitleREALTOR� Salesperson
Company NameSpark Realty Inc., Brokerage
Address Line One#4 2155 Dunwin Drive
CityMississauga
State/ProvinceOntario
Zip/Postal CodeL5L 4L9
CountryCanada
Business Phone Number(647)302-3950
Cell Number(647) 302-3950
Home Number(905) 997-2300
Email AddressSend Email
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