Phone

C$649,900

C$15K

862 Oceane St, The Nation, Ontario, K0A 2M0

3 Bedroom

3 Bathroom

2 Garage

MLS - #X11998068

FOR Sale

Description

862 Oceane St is a stunning 4-bedroom, 3-bathroom home nestled in the desirable community of Limoges. This beautifully designed LeClair home, built in 2013, offers an inviting layout, perfect for families looking for comfort, style, and functionality. Step into the spacious foyer, leading into a bright living room with soaring cathedral ceilings that create an airy and open atmosphere. The adjacent dining area flows seamlessly into the well-appointed kitchen, featuring elegant granite countertops, a farmhouse sink, and an abundance of cabinet space--ideal for any home chef. A convenient powder room completes the main floor. Upstairs, you'll find three generously sized bedrooms, including a serene primary suite with a walk-in closet and a luxurious 4-piece ensuite. A full main bathroom and a second-floor laundry room add to the home's convenience. The lower level offers a fantastic recreational space, perfect for a family room, play area, or entertainment hub. A fourth bedroom, currently used as a gym, provides additional versatility for your needs. Outside, the large fenced yard is perfect for relaxing or entertaining, featuring a patio with a gazebo and a natural gas connection for effortless BBQ nights. Located in a family-friendly community, Limoges offers excellent schools, recreational facilities, parks, and convenient shopping, all within close reach. Enjoy the best of suburban living in a vibrant, welcoming neighbourhood. Don't miss the chance to call this beautiful home yours, book your private showing today!

Last check for updates

Property type

Detached

Style

2-Storey

Community

616 - Limoges

Lot size

5,780 Sqft

Garage spaces

Home Overview

Basement information

Finished, null

Virtual tour

Tour Now

Mls® #

X11998068

Building size

1500-2000

Status

Active

Property sub type

Taxes

$4,253

Tax year

2024

Maintenance fee

N/A

Year built

Interior

# total bathrooms

# Full baths

# of above grade bedrooms

# of rooms

Family room available

Laundry information

Upper

Exterior

Construction materials

Alum Siding

Other structures

# garage spaces

# parking spaces

Garage features

Attached

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

Municipal

Area

Prescott and Russell

Community

616 - Limoges

Community features

Campground, Cul De Sac, Fenced Yard, Golf, Park, School

Directions

Oceane and Chad St

Walk Score for 862 Oceane St

Schedule a viewing

Phone

Map View

Mortgage Calculator

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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.