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When your down payment is less than 20% of the purchase price, the amount of financing on which your payment is based includes the premium on your mortgage loan insurance from CMHCTM/SagenTM.
When you enter information in the calculator, it is important to consider the following elements.
Down payment
Single-family dwelling, condo or duplex
Minimum down payment of 5% on the portion of the purchase price less than or equal to $500,000
Minimum down payment of 10% on the portion of the purchase price greater than $500,000
Triplex and quadruplex : Minimum down payment of 10% for owner-occupied properties
Any property with a purchase price equal to or greater than $1 000 000: minimum down payment of 20$
Amortization period :
Down payment of less than 20%: select an amortization period of up to 25 years
Down payment equal to greater than 20%: select an amortization period of up to 30 years
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Description of the property For sale
Very interesting condo at Club Azur, on 2 floors, open air rooms, located on a corner giving it a lot of sunshine. A few steps from the beach of the beautiful Lake Memphremagog (notarized right of beach and parking). For lovers of skiing, walking, cycling, tennis, bird watching etc., Mount Orford and the Cherry Marsh are nearby. Magog awaits you with its famous restaurants and shopping. More or less an hour from Montreal your urban cottage awaits you. Short-term rentals are allowed and the condo is sold entirely furnished.
A new certificate of location is being drafted. Internet and TV fees are included in the condo fee. This is a 5-year contract. The fireplace and chimney are sold without warranty as to their compliance with the applicable regulations as well as the requirements imposed by the insurance companies. Short-term rentals (31 days or less) are allowed but the owner must hold and post a Quebec accommodation permit from the corporation de l'industrie touristique du Québec (CITQ). There is additional storage space in the attic. Dogs and cats are not allowed
Included: All furniture and appliances.
Excluded: Personal belongings, 2 bicycles.
Advertising
Lot surface
542.7 MC (5842 in2)
Lot dim.
40.13x51.97 M
Lot dim.
Irregular
Livable surface
820.21 PC
Building dim.
26.3x20.7 P
Building dim.
Irregular
Distinctive features
Water access, Motor boat allowed
Driveway
Not Paved
Cupboard
Other
Heating system
Space heating baseboards, Electric baseboard units
Water supply
Municipality
Heating energy
Electricity
Windows
Wood, PVC
Hearth stove
Wood fireplace
Proximity
Highway, Daycare centre, Golf, Hospital, Park - green area, Bicycle path, Elementary school, Alpine skiing, High school, Cross-country skiing
