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$150,000
Available - For Sale
Listing ID: X12026985
Note: This property is mapped as 30833 Fingal Line, Wallacetown N0L 2M0. Are you looking for a seasonal cottage on a leased lot that has not only a a great view of Lake Erie but has a public footpath access to its fabulous beachfront? (Checkout the photos for the beachfront views!). You'll be able to enjoy full time access from Easter in April to Thanksgiving in October when the water system is then disconnected for the winter. This home is located on a leased land lot in a quaint beach community of 18 cottages just 20 minutes west of St Thomas. The main level, which provides spectacular southerly views of Lake Erie, consists of a bright Livingroom, an eat-in Kitchen with a Refrigerator and stove included, a large Foyer, 2 Bedrooms and a 4 piece Bath. The large Sundeck is perfect for viewing the lake 24 hours a day. The new owner will be required to complete an application and enter into a 5 year land lease with the property owner. Current annual costs include Land Lease $3,260.00, Municipal water fee $275.00, Taxes $710.00, Insurance $105.00, Road maintenance $250.00 and Common Area Maintenance $200.00. Property owner / Landlord has first right of refusal on all Offers. Costs shown are current costs and may be subject to change. The fireplace is not in operational condition. Newer vinyl windows and steel doors, owner reports that it is well insulated and septic pumped fall 2024. #cottageforsale #cottagesforsale #lakeeriecottage #homesforsaleinwallacetown
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $7,500 $15,000 $22,500 $30,000
First Mortgage $142,500 $135,000 $127,500 $120,000
CMHC/GE $3,918.75 $2,700 $2,231.25 $0
Total Financing $146,418.75 $137,700 $129,731.25 $120,000
Monthly P&I $627.1 $589.76 $555.63 $513.95
Expenses $0 $0 $0 $0
Total Payment $627.1 $589.76 $555.63 $513.95
Income Required $23,516.26 $22,115.94 $20,836.08 $19,273.15

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
COLDWELL BANKER STAR REAL ESTATE

6069 Grandview Road , Dutton/Dunwich, N0L 2M0, Elgin

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MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Detached
Area: Elgin
Municipality: Dutton/Dunwich
Neighbourhood: Rural Dutton/Dunwich
Style: Bungalow
Lot Size: x 60.00(Feet)
Approximate Age: 51-99
Tax: $710
Maintenance Fee: $0
Beds: 2
Baths: 1
Garage: 0
Fireplace: Y
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229


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HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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