Message Number417828
statusActive
Subject LineLovely home in the Glen area, North Oshawa, 3 Beds brick detached house $1,195,000. $70,000 down and seller provides financing for the balance. Principals Only.
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
LocationOshawa
Price$1,195,000.00
CommentsLovely home in the Glen area, North Oshawa, this 3 Bedroom brick detached house has an attached garage, 4 car parking, private backyard patio. Main level has a combined living / dining room. Eat in kitchen, 1 1/2 bathrooms. The basement has a separate entrance. Being developed as a two-bedroom in-law suite with eat-in kitchen, living room, 3 piece washroom. Laundry room. 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, $1,195,000.

Down Payment as deposit: $70,000
Balance: $1,125,000 VTB (Vendor Take Back) or will provide
First Mortgage: $750,000 at 8% interest only, payable monthly at 8%, equals $60,000 per year Second Mortgage: $445,000 at 0% per annum
The $60,000 divided by 12 months is $5,000 Interest monthly

The total mortgaging is $1,125,000. Divide that into $60,000, the overall interest rate is 5.34%
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.
Internet Links
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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