The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
CHATEAU RIDGE TWO-BEDROOM / TWO-BATHROOM TOWNHOME LOCATED ON THE HAPPY VALLEY SKI TRAIL AT BLUE MOUNTAIN - Whether you're looking for a resort property for your family or an investment property, this well appointed fully furnished resort condominium townhome should be on your short list. Priced to sell. Chateau Ridge has all the convenience of being located directly on the mountain while having the benefit of being a 10 minute walk (or 2 minute ski) to Blue Mountain Village, Ontario's most popular four season resort. It's also a 5 minute drive to the Craigleith Beach on Georgian Bay or a 10 minute drive to Collingwood. It's also a 2 minute walk to the Blue Mountain Inn if you'd like to go for dinner at The Pottery or party the night away at Blue Mountain's famous bar, Jozos. This second and third floor townhome features high ceilings with a lovely open concept living room / dining room / kitchen. Enjoy the cold and snowy winter nights with a cozy real wood-burning fireplace. Walk upstairs to the spacious master bedroom and enjoy the super-luxurious renovated bathroom with stand alone over-sized tub and walk-in shower. Dual sinks for extra convenience. The second bedroom features double bunk-beds that sleeps four for large families or the kids can bring their friends. The current owners have the townhome enrolled in a short term rental program. HST is applicable to the purchase price but can be deferred by the new owner obtaining an HST number and enrolling the townhome into a short term rental program. Buyers to do their own due diligence regarding obtaining a Short Term Accommodation License from the Town of the Blue Mountains and any HST implications.
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$3,841/mo
Mortgage (principal + interest)$2,618
Property taxFrom listing: $3,747/yr$312
Condo feesFrom listing$910
Minimum $44,990 down for this price; the slider moves in whole percent, starting at 7%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$139,980
Ontario land transfer taxProvincial brackets, no first-time refund$10,473
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$153,253
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Blue Mountains has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
