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C$429,900

reducedC$

40 ARTHUR St, West Centre Town, Ontario, K1R 7T5

bedrooms 2 Bedroom
|
washrooms 2 Bathroom

MLS - #X12020346

FOR Sale

Description

Refinished hardwood floors, indoor parking, insuite laundry, bright, resident controlled heat/ac (regardless of season) these are but some of the features you will find at 40 Arthur, a boutique size building featururing a great community enhancing your sense of security in this great condo building. Welcome to 404-40 Arthur Street! This condo boasts over 1000 square feet of living space with large principal rooms. The living room/dining room is adjacent to an open solarium. The kitchen is practical and bright, offering generous cupboard and countertop space, plus a large window that combines charm with functionality. A convenient powder room is located nearby. The layout provides privacy with a corridor leading to two generously sized bedrooms. The smaller bedroom is so large it is often used as the principal bedroom, leaving the larger one to serve as an office, den, or family room. Ample closets throughout the unit. Enjoy amenities, including a sauna, library, gym, workshop, and a delightful garden. The condo has hardwood and & tile flooring. Located on a quiet side street in West Centre Town in Chinatown, at the top of Nanny Goat Hill, this home offers easy access to Little Italy, Lebreton Flats, & downtown. A short walk to the new Ottawa Public Library, the proposed arena, & the LRT station, for exceptional connectivity. In the center yet quiet & surrounded by green spaces. In-suite laundry ensures your day-to-day comfort, & ample visitors parking is available for your guests. Don't miss out on this gem in a vibrant neighbourhood! Whether you're seeking a cozy coffee shop, an exciting new dining experience, or a lively evening out, West Centre Town delivers endless possibilities. A comfortable home or a vibrant neighborhood hub, 204-40 Arthur Street is ready to deliver.Cladding to be redone.

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Property type

Condo Apt

Style

Apartment

Community

4205 - West Centre Town

Lot size

0 Sqft

Garage spaces

N/A

Home Overview

Basement information

None, null

Virtual tour

Mls® #

X12020346

Building size

1000-1199

Status

Active

Property sub type

Taxes

$3,416

Tax year

2024

Maintenance fee

N/A

Year built

--

Interior

# total bathrooms

2

# Full baths

2

# of above grade bedrooms

2

# of rooms

8

Family room available

No

Laundry information

Exterior

Construction materials

Other

Other structures

# garage spaces

N/A

# parking spaces

0

Garage features

Underground

Has basement (y/n)

Yes

Has garage (y/n)

Yes

Drive

Amenities / Utilities

Cooling

Other

Heat source

Electric

Heat type

Heat Pump

Sewers

Location

Water source

Area

Ottawa

Community

4205 - West Centre Town

Community features

Public Transit, , , , ,

Directions

On Arthur Street between Primrose & Somerset. Arthur St is one way running north/south.

walking  Walk Score for 40 ARTHUR St

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

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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%.

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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).

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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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