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Price Change$50,000

6201-03 - 9 HARBOUR Street E

Collingwood, Collingwood

$40,000

Condo Apartment |
2 | 2 | 0 | 0
About this home

Invest in an ownership share of Phase 2 of LIVING WATER RESORT AND SPA on the shores of Georgian Bay in the beautiful town of Collingwood. NOTE: this is a FRACTIONAL OWNERSHIP - not a time share. This offering includes use during weeks 1 & 2 in the first two weeks of January - perfect for skiers; and week 14 in April. There are options allowing for up to 6 weeks of use, rental of all or some of the weeks, and /or use of other affiliated international resorts. Unit 6201 includes a full bathroom, well-appointed kitchenette, and a large bedroom area with 2 queen sized beds and a seating area, plus a large balcony. Unit 6203 has a full kitchen, dining area and living room with a bay window, fireplace and another balcony. The luxurious bathroom has a large walk-in shower, adjoining a huge bedroom with king-sized bed. The in-suite laundry makes this a home away from home. Use both units or lock the adjoining doors and rent out the one you are not using. Views of the marina and the ski hills from each balcony. Owners have use of the facilities and owners discounts at the resort all year round! Amenities include a large indoor pool, hot tub, spa (with specialized aqua treatments), exercise gym, fitness classes as well as the waterfront and golf club restaurants, roof top deck, and golf course. Minutes to the ski hills, the Village at Blue Mountain and downtown Collingwood.

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BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
StyleOther
Approx. Age11-15
Size1200-1399 sq. ft.
Maintenance Fees$2,725
LockerNone
BalconyOpen
ExposureNorth
Parking TypeSurface
Parking Spaces0
Parking FeaturesUnknown
Property Tax$543
mls© NumberS12720304
Listed ByBuy The Shores of Georgian Bay Realty Inc.
Cable TV Included
Hydro Included
CAC Included
Heat Included
Building Insurance Included
Common Elements Included
Water Included
Parking Included

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  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$205
Property tax
$45
Heat allowance
$150
Condo fees, half counted
$1,362
Housing costs
$1,762 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $8,000
25-yr amortization

Income needed

$54,000

gross annual household income

Payment at 4%
$168 / mo
Cash down
$8,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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