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$55,000.00 CDN - File 25 -  Lake Superior waterfront lot Batchewana $55,000 Canadian

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File 25 -  Lake Superior waterfront lot Batchewana $55,000 Canadian

WEST FACING EXPOSURE

AWESOME SUNSETS

45 MINUTES FROM SAULT STE MARIE

DRIVE TO THE PROPERTY IN A CAR

SELLER FINANCING

UNORGANIZED TOWNSHIP

 

What a nice place to build your summer cottage on.

A glorious Lake Superior waterfront property in a location that is family friendly.

This property enjoys a flat rock and sand shoreline that will make the family happy to play on and enjoy.

 

Located in the unincorporated township of Herrick northwest of the City of Sault Ste Marie, Ontario.

The property size is 100 feet of frontage on beautiful Lake Superior and a depth of 350 feet.

A total property size of about 0.8 Acres

 

You can DRIVE to this property IN A CAR.

It is only about a 45 minute drive from the City of Sault Ste Marie, Ontario to the property.

Just imagine how fast and easy it is to get to this property from either Sault Ste Marie Ontario or Michigan.

Once off Highway 17 the roads are well maintained and very easy and safe to drive on.

 

Corbett Drive is a seasonal road but sometimes if enough people get together and contribute a little bit, the road can be plowed in winter.

 

There is no driveway entrance made into the property but it is not a difficult thing to make one.

 

The property is well forested with plenty of mature trees and some scrub undergrowth.

When you brush out the undergrowth you will find that the property has a very gentle slope down to the waterfront.

From our observation the property is flat with a gentle slope down to the lake.

We did not note any low or swampy areas on this property.

 

The trees go pretty well down to the beachfront.

The beachfront is mostly flat shale rocks and with sand under the rocks.

 

It is relatively shallow water for about 100 feet or so and then gets deeper.

The shallow water makes for good, easy swimming and the kids will love that.

 

The property was surveyed and we have found and marked all four corner pins.

You will know exactly where your property corners and lines are located.

 

Our Seller is also WILLING TO FINANCE a purchase.

 

If a buyer has at least a 35% down payment the seller will hold an OPEN MORTGAGE with generous terms.

 

On a sale price of $55,000 CDN the buyer will require a down Payment of $19,000 CDN.

The seller will hold an open mortgage of $36,000 CDN at 8%.

On a 5 year term and a 5 year amortization the payment is $727.71 CDN per month.

On a 7 year term and a 7 year amortization the payment is $558.77 CDN per month.

On a 7 year term and a 10 year amortization the payment is $434.31 CDN per month.

On a 7 year term and a 15 year amortization the payment is $341.34 CDN per month.

On a 5 year term and a 20 year amortization the payment is $298.21 CDN per month.

 

On a sale price of $41,600 USD the buyer will require a down Payment of $14,600 USD.

The seller will hold an open mortgage of $27,000 USD at 8%.

On a 5 year term and a 5 year amortization the payment is $545.78 USD per month.

On a 7 year term and a 7 year amortization the payment is $419.08 USD per month.

On a 7 year term and a 10 year amortization the payment is $325.73 USD per month.

On a 7 year term and a 15 year amortization the payment is $256.00 USD per month.

On a 5 year term and a 20 year amortization the payment is $223.66 USD per month.

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