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C$1,088,000

reducedC$

64 Drizzel Cres, Richmond Hill, Ontario, L4E 1G8

bedrooms 3 Bedroom
|
washrooms 3 Bathroom
|
garages 1 Garage

MLS - #N12026425

FOR Sale

Description

**Designer Inspired** Must See Classic, 5yr New, Townhome Nestled In A Quiet & Tranquil Area (The Oak Ridges), Built By Country Wide Homes. This Meticulously Maintained Home Offers Stunning Curb Appeal With Professionally Landscaped Interlocked Parking Pad, Front Steps, Flower Bed & Privately Fenced Backyard **Also Has, Separate Access From Garage To Backyard & Walkout Basement** Potential Rental Income (If Wanted). This Elegant Home Offers Smooths Ceilings & Led Pot Lights Throughout, Solid Front Door, Charming Foyer With Shiplap & Porcelain Floors, Customized Powder Room, Built In Pantry, Spacious Open Layout With Large Breakfast Bar Island With Pendant Lights, Quartz Countertop, Undermount Sink, Herringbone Marble Backsplash, Gas Fireplace, Walk Out To Balcony (Gas Line For BBQ), Hardwood & 24x24 Porcelain Floors. Oak Staircase, Iron Pickets & Expansive Wainscoting Leads To Upper Level. **Chic Country Inspiration** Can Definitely Be Found In The Upper Level With Custom Wall Paper, Expansive Wainscoting, Solid Barn Door & Decor. This Level Offers Spacious Bedrooms, Primary Retreat, Spa Like Ensuite With Free Standing Soaker Tub & Frameless Shower And Upgraded Main Washroom. Bright Walkout Basement With Open Layout, **Rough In For Kitchen Or Wet Bar**, Upgraded Full Bathroom, Separate Cold Room, Vinyl Plank Flooring And Sliding Door Access To Private Backyard. Close To Parks, Trails, All Living Amenities & Transit. **Surely To Impress The Fussiest Clientele**

Last check for updates

Property type

Att/Row/Twnhouse

Style

2-Storey

Community

Oak Ridges

Lot size

2,132 Sqft

Garage spaces

1

Home Overview

Basement information

Finished, W/O

Virtual tour

Mls® #

N12026425

Building size

1500-2000

Status

Active

Property sub type

Taxes

$4,706

Tax year

2024

Maintenance fee

N/A

Year built

--

Interior

# total bathrooms

3

# Full baths

3

# of above grade bedrooms

3

# of rooms

8

Family room available

No

Laundry information

Lower

Exterior

Construction materials

Brick

Other structures

# garage spaces

1

# parking spaces

2

Garage features

Built-In

Has basement (y/n)

Yes

Has garage (y/n)

Yes

Drive

Private

Amenities / Utilities

Cooling

Central Air

Heat source

Gas

Heat type

Forced Air

Sewers

None

Location

Water source

Municipal

Area

York

Community

Oak Ridges

Community features

, , , , ,

Directions

Bathurst St. & King Rd.

walking  Walk Score for 64 Drizzel Cres

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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.
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