EmailEmail
PhonePhone
whatsappWhatsapp

C$598,888

reducedC$

26 Lowes Rd, Guelph, Ontario, N1G 4X2

bedrooms 2 Bedroom
|
washrooms 2 Bathroom

MLS - #X9781597

FOR Sale

Description

Welcome to your dream home! This spacious 2 Bed 2 Bath corner unit boasts abundant natural light and a generous living area perfect for entertaining. The main suite features a sizable bedroom with a large walk-in closet and an ensuite bathroom designed for relaxation. The open-concept living room and kitchen create an inviting atmosphere, making it easy to enjoy time with family and friends. Located just steps away from a variety of amenities, you'll have everything you need at your fingertips. Dont miss out on this incredible opportunity to own a bright and modern condo in a prime location!

Last check for updates

Property type

Condo Apt

Style

Apartment

Community

Clairfields

Lot size

0 Sqft

Garage spaces

N/A

Home Overview

Basement information

None, null

Virtual tour

Mls® #

X9781597

Building size

900-999

Status

Active

Property sub type

Taxes

$3,835

Tax year

2023

Maintenance fee

N/A

Year built

--

Interior

# total bathrooms

2

# Full baths

2

# of above grade bedrooms

2

# of rooms

5

Family room available

No

Laundry information

Exterior

Construction materials

Brick

Other structures

# garage spaces

N/A

# parking spaces

1

Garage features

None

Has basement (y/n)

Yes

Has garage (y/n)

Yes

Drive

Amenities / Utilities

Cooling

Central Air

Heat source

Gas

Heat type

Forced Air

Sewers

Location

Water source

Area

Wellington

Community

Clairfields

Community features

, , , , ,

Directions

Gordon St to Lowes Rd W

walking  Walk Score for 26 Lowes Rd

property-img

Schedule a viewing

Map View

Mortgage Calculator

$ /mo

$
$%
$
%
Yrs

$ /mo

Your Estimated Monthly Mortgage Payment.

Steps to calculate your payments using a mortgage calculator

1. Determine the purchase price of the home.

2. Calculate the down payment (usually 5-20% of the purchase price in Canada).

3. Subtract the down payment from the purchase price to get the mortgage amount.

4. Choose a mortgage term (typically 5 years in Canada) and amortization period (usually 25-30 years).

5. Determine the interest rate (check current rates from Canadian lenders).

6. Use a mortgage calculator or formula to determine the monthly payment based on the mortgage amount, interest rate, and amortization period.

7. Factor in additional costs like property taxes, home insurance, and possibly mortgage insurance if the down payment is less than 20%.

8. Consider the impact of making accelerated bi-weekly payments instead of monthly payments to pay off the mortgage faster.

9. Review the total interest paid over the life of the mortgage.

10. Ensure the monthly payments fit within your budget, typically not exceeding 32% of your gross monthly income for housing costs.

Terms Explained

Home Value: The current market value or purchase price of the property.

Down Payment: The initial upfront portion of the total home purchase price paid by the buyer.

Mortgage Amount: The amount borrowed from a lender to purchase the home (Home Value minus Down Payment).

Interest Rate: The percentage charged by the lender for borrowing the money, usually expressed as an annual rate.

Mortgage Term: The length of time your mortgage agreement and interest rate are in effect (typically 1-5 years in Canada).

Amortization Period: The total length of time it will take to pay off the entire mortgage (usually 25-30 years in Canada).

Monthly Payment: The amount paid each month towards the mortgage, including principal and interest.

Principal: The original amount borrowed, which decreases as payments are made.

CMHC Insurance: Mortgage default insurance required for down payments less than 20% of the home's value.

Property Taxes: Annual taxes levied by local governments based on the property's assessed value.

Home Insurance: Coverage to protect the property against damage or loss.

Land Transfer Tax: A tax paid to the provincial government when purchasing a property.

Closing Costs: Additional expenses incurred when finalizing a home purchase (legal fees, inspections, etc.).

Prepayment Privileges: Options to pay extra towards the mortgage without penalties.

Fixed Rate Mortgage: A mortgage where the interest rate remains constant for the term.

Variable Rate Mortgage: A mortgage where the interest rate can fluctuate based on the prime rate.

Refinancing: The process of replacing an existing mortgage with a new one, often to take advantage of better terms or rates.

These terms are commonly used in mortgage calculations and discussions about home financing in Canada.
Book a Showing!

Check out this home

I would like to receive marketing and promotional messages by telephone, text message, and email from Fara, including information and updates about properties of interest and the services and features of Fara and our selected partners. I may withdraw my consent at any time. Message and data rates may apply. Consent is not required to receive real estate services.

Not a good time?Schedule a call

Frequently Asked Questions about this property