Baddeck Real Estate

Mortgage insurance is not something everyone things about when they start shopping for home. Home buyers putting down 20% or more of the purchase price don’t have to worry about mortgage insurance. (note: this post is about mortgage insurance in Canada) So ‘what is mortgage insurance?’ you ask? Read on…

What is mortgage insurance?

Mortgage loan insurance is typically required by lenders when Canadian home buyers make a down payment of less than 20% of the purchase price. Mortgage loan insurance helps protects lenders against mortgage default, (hence the other name mortgage default insurance) and enables consumers to purchase homes with as little as 5% down payment — with interest rates comparable to those with a 20% down payment.

How much does mortgage default insurance cost?

To obtain Mortgage Loan Insurance, lenders pay an insurance premium. Typically, the lender will pass these costs on to you. Your lender will give you the exact price when you apply for a mortgage.

The most mortgage insurance premium is calculated as a percentage of the loan and is based on the size of your down payment. The higher the percentage of the total house cost you borrow, the higher percentage you will pay in insurance premiums.

Are mortgage default insurance and mortgage life insurance the same thing?

Mortgage loan insurance and mortgage life insurance are NOT the same. Default insurance protects the lender from you defaulting on your mortgage. Mortgage life insurance guarantees that your remaining mortgage at the time of your death will not be a burden to your estate.

Hopefully this gives you a brief overview of mortgage insurance… drop me a line if you have any more questions.

Terri Brewer

Catherine E. Harvey Realties Ltd.

902-295-2364 ph, 902-295-3019 fax

902-295-3472 home

$175,000 Orangedale

59 Orangedale-Alba RD

Lovely 3 bedroom home, set back from the road and very private. Property is dotted with apple trees and could have a great view of the lake with some clear cutting. Large woodstove in the living room for those crisp evenings and half bath also boasts a laundry area complete with sauna! Large eat-in kitchen with Enterprise stove( currently not used). Wrap around deck and a small shed are added bonuses.  A two acre lot gives you access to the Lake and there is 85 acres on the high side of the road. Loads of road frontage allowing sub-divisions. Interior is bright and cheery. All measurements are wall to wall and approximate. Additional PID`s are 50121839,50206507,50206515. Mun. water pipes installed…hook-up Oct, 08.

Call today for your private viewing.

Wishing one and all a super day!

Terri Brewer

Catherine E. Harvey Realties Ltd.

Baddeck, NS

902-295-2364 phone, 902-295-3019 fax

902-295-3472 home

$149,000 Middle River

2926 Cabot Trail

Nestled in the foothills of the Cape Breton Highlands, this secluded and extremely private, property is priceless in its own right (25 acre parcel to be subdivided from parent acreage–additional land may be negotiable). The year-round splendour of the surrounding hillsides compliment this unique, tastefully finished yet rustic 3-bedroom retreat. The main living area features open concept comfort with new wood and oil stoves on either side of the stone chimney.

 Yellow birch flows throughout the residence from the flooring, beautiful heartwood custom-built kitchen cabinets and vertical panelling. Impressive artwork accents the main entrance and overhead in the dining area. The wilderness is yours to enjoy through the numerous windows, large decks or endless woodlands accented with two brooks and a pond. The lush, landscaped grounds reveal a passion for gardening–established “organic” vegetable and fruit produce include bountiful grape vines!

Over 50 species of greenhouse trees and shrubs have been thoughtfully placed. This is an extremely but delightfully private property with absolutely no neighbours, save for the native wild life, once you turn off the Cabot Trail to begin the 3.2 km commute to this get-away along the owner-maintained roadway. And…the only source of electricity is provided through an off-grid hydro system. That’s right–no power bill!

Call today for your private viewing!

Wishing one and all a super day.

Terri Brewer

Catherine E. Harvey Realties Ltd.

Baddeck, NS

902-295-2364 office, 902-295-3019 fax

902-295-3472 home

$249,900

South Side Whycocomagh Bay

     664 Portage Road

This is a gem! This wonderful property has many great features! It features a beautiful home (full partially-finished basement) and a wonderful barn, set on a parcel of 100 acres (+-) of land with meadowland and mixed forest, and a beautiful view overlooking Whycocomagh Bay on the Bras d’Or Lakes! The property is situated on the Portage Road, between Little Narrows and Orangedale. This is a lovely private country setting close to amenities.

Call today for your private viewing.

Wishing one and all a super day!

Terri Brewer

Catherine E. Harvey Realties Ltd.

Baddeck, NS

902-295-2364 office, 902-295-3019 fax

902-295-3472 home

$163,000 Margaree

141 East Margaree Cross Road

Set in the picturesque Margaree Valley, within view and a very short walk of the beautiful and historic Margaree River, this property is located approximately 1 km off the famous Cabot Trail. Originally built as an elementary school in 1963, the building has been extensively renovated, and is currently operated as Delaney’s Country Inn.

 With 5 spacious bedrooms(each with ensuite bathroom), wheelchair access, and a circular driveway with ample parking space for several cars, the potential for development offered by this property is considerable! Seniors housing, bed and breakfast, small options home, or a summer camps……… or simply a most accommodating vacation or year round residence…. located just minutes from hiking trails, world famous salmon pools, and some of the finest beaches on Cape Breton Island!

Present owners have completed significant upgrades, including installation of energy efficient windows and doors, and new siding(2005), as well as new patios/entrances.

Call today for your private viewing.

Wishing one and all a terrific day!

Terri Brewer

Catherine E. Harvey Realties Ltd.

Baddeck, NS, B0E1B0

902 295 2364 ph, 902 295 3019 fax

902 295 3472 home

Bucklaw, Cape Breton

$475,000

Here it is folks…large acreage on the Bras d`Or Lakes with a partially furnished executive home. Gorgeous ceramic and hardwood flooring. JennAire cooktop and custom cupboards complete the kitchen that overlooks the living room and the lake. Panoramic views of the waterfront invoke a sense of peacefulness.

Greeted by a large entry and oak staircase, the viewer gets a sense of what is around the corner. Main floor laundry and shower allow chores to be done without having to climb stairs. Two of the upstairs bedrooms share the stunning views from downstairs. The lake is easily accessed by a lovely stroll or the road can accommodate a vehicle. Launch your boat and enjoy the water activities of your choice. This gem needs to be seen to be appreciated. The loft measuring 24×22 is awaiting development. Call today for your private viewing.

Wishing one and all a great day!

Terri Brewer

Catherine E. Harvey Realties Ltd.

Baddeck, NS

902 295 2364 office, 902 295 3019 fax

902 295 3472 home

$295,000 Baddeck

37 Queen Street

Perhaps the prettiest house in the Village of Baddeck, this lovely property features a beautiful character home nestled among tall trees, set high on a large lot on Queen Street. The property is situated in a lovely residential area, within walking distance of the downtown section.  

This beautiful home is approximately 100 years old, and has been well loved and maintained down through the years. The exterior is wood with asphalt shingles on the roof, and the dwelling rests on a stone foundation which is utilized as a functional basement area with a cement floor (laundry, furnace, storage, etc).The dwelling is situated on a level site upwards from Queen Street, allowing for a nice large front yard. The paved driveway leads up and around the back, allowing access to Kidson Street. A lovely private verandah looking south towards the Bras d’Or wraps around the front and side of the house.

  Lovely private back yard. Family/dining room adjacent kitchen and living room. This room has a propane fireplace. The central heat is an oil (hot water) furnace (new oil tank 2007). Priced to sell, this one won’t last long!

Call today for a private viewing.

Wishing one and all a super day!

Terri Brewer

Catherine E. Harvey Realties Ltd.

Baddeck, NS

902-295-2364 ph, 902-295-3019 fax

902-295-3472 home

South Cove Rd, South Cove

$299,000

Build your dream home or holiday getaway on these 235 acres of paradise. This stunning property fronts on the Bras d`Or Lakes to the northwest and the Washabuck River to the southeast. The waterfront is partly rocky with a sandy beach to one side. P.I.D 85007045 is included in this listing. Assessment reflects only 1 P.I.D. A sheltered cove on the Washabuck River makes this property attractive to boaters. Lines on aerial photo are approximate boundaries.

 Directions: From the Little Narrows Ferry turn left, reset odometer, travel 12 kilometers. (Do not take the turn to Washabuck). The property is located another 300 feet up the South Cove Rd. The property has not been logged and is very peaceful and serene. I’ve seen an abundance of wildlife while enjoying many walks through the woods of this hidden treasure. Red fox, deer, rabbits, muskrats as well as bald eagles have made an appearance on many occasions. Just a few minutes by boat will find you in Baddeck for a round of golf or a delicious meal at any of our fine restaurants. If boating is not your style, thirty minutes by vehicle will get you there as well.

P.I.D.85069755 –     Listing Agent – Terri Brewer

Catherine E. Harvey Realties Ltd., Baddeck, N.S.

902-295-2364 ph, 902-295-3019 fax

Good day to one and all. Do you currently have your home on the market? Is it just sitting there? No offers? Well, if it has been exposed to the open market for more than three month, it’s time to take stock. People take pride in their property and possessions. We’re proud of what we’ve accomplished and managed to amass over time. It’s natural for you to want to show off what you’ve worked hard to obtain. Now I’m going to tell you to put it all away. Yep, that’s right. Box it up and send it off to storage.

The number one reason some rooms do not even warrant a quick run-through is clutter. Remember, you are selling square footage and competing with other homes of the same square footage on the market as well. It’s vital that you show off every inch in the best possible light. This means putting away all personal items and removing unnecessary furniture. Buyers need to visualize their possessions in the home.  

Make sure only minimum furnishings are in each room. Yes, it might look bare and not very inviting to you but you’re moving. The walls should be a neutral shade and consistent throughout the main living area. Drapery should be light and open to allow as much light as possible to enter the room. Lastly, take care of all those little fix ups you’ve been avoiding such as leaky taps or cracked windowpanes. A quick scan outdoors to make sure there is no garbage lying around and that the exterior of your home looks inviting. I hope these tips bring you closer to closing a deal and moving on to the next chapter of your life. Good day to one and all and happy house hunting!

Terri Brewer,

 Catherine E. Harvey Realties Ltd.  Baddeck, Nova Scotia

 902-295-2364 phone, 902-295-3019 fax

$94,500 571 Piper’s Cove Rd.   SOLD!

This home is of sturdy construction with a dry basement. Pleasant vistas of the surrounding hills complete the picture. The newly painted walls are soft yellow making this home bright and airy. New laminate and ceramic flooring finishes off the new decor. Adding a new fridge and stove makes this home ready for occupancy. Other features are a newer roof (3 yrs old) and a new furnace ( 1 yr. old). The home is outfitted with a security system for your safety. The bathroom has been completely re-done and there is plenty of room to expand in the basement. This quiet country setting is ideal for privacy yet not far from Sydney. Call today for your private viewing.

Catherine E. Harvey Realties Ltd.

Baddeck, N.S.

902 295-2364