Assumable Mortgage Property Listings for Sale

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Multi-Family for sale: 1044 Hillside Ave, Victoria

66 photos

$2,999,000

1044 Hillside Ave, Victoria, British Columbia V8T 2A5

0 beds
0 baths
13 days

Prime Location+Golden Opportunity=Hazlett Apartments at 1044 Hillside Ave! Possible assumable Mortgage at 2.99%. This revenue 8-Plex property(TWO 4-Plex buildings) with 5 separate strata titles presents an incredible value in respect to location, property condition and profit. The rear building

14 Locust Avenue, Wolfville

50 photos

$749,900

14 Locust Avenue, Wolfville (Wolfville), Nova Scotia B4P 2E8

0 beds
0 baths
18 days

From highway 101 eastbound, take exit 11 and follow route 1 to Wolfville, take a right on Locust Ave next to fire station. From 101 w/bound, take exit 10 and follow route 1 to Wolfville, take a left on Locust right before fire station *OPEN HOUSE POSTPONED* Location, location, location! Character,

House for sale: 1 Toal Close, Red Deer

44 photos

$724,500

1 Toal Close, Red Deer (Timber Ridge), Alberta T4P 0W6

4 beds
3 baths
82 days

Welcome to 1 Toal Close, found in the desirable subdivision of Timber Ridge in Red Deer. This custom built, modified bi-level has so much attention to detail and quality finishing. Close to walking trails with playground across the street. The front of the house over looks the park and the

House for sale: 5237 TIMBERFEILD ROAD, West Vancouver

40 photos

$4,386,800

5237 Timberfeild Road, West Vancouver, British Columbia V7W 2Y5

8 beds
5 baths
13 days

Discover serenity and luxury in this updated hilltop retreat boasting ocean views and breathtaking sunsets and private outlook from all windows. Recently renovated, this home showcases a high-end kitchen and a sprawling west-facing deck perfect for admiring passing ferries. Its versatile three-level

Multi-Family for sale: 155 MARQUETTE AVENUE, Ottawa

21 photos

$1,578,000

155 Marquette Avenue, Ottawa (3402 - Vanier), Ontario K1L 5J7

0 beds
0 baths
14 days

Peres-Blanc Ave and Marquette Ave ASSUMABLE MORTGAGE AT 2.17% INTEREST! Own a turnkey investment property in sought-after Beechwood Village! This well-maintained, purpose built 6-unit (4 x 2 bdrm, 2 x 1 bdrm) offers a fantastic opportunity for investors seeking stable income and further opportunities

House for sale: 1296 Menu Road, West Kelowna

44 photos

$1,895,000

1296 Menu Road, West Kelowna, British Columbia V1Z 3K2

4 beds
4 baths
76 days

Indoor-Outdoor Living in Prestigious Lakeview Heights Minutes off the Wine Trail. This newly built custom home boasts incredible lake views and offers a unique blend of indoor and outdoor living. Also offering ASSUMABLE MORTGAGE at 2.14%! Reach out for more info! With 3 bedrooms, theatre room

Apartment for sale: 102 5415 BRYDON CRESCENT, Langley

39 photos

$534,900

102 5415 Brydon Crescent, Langley, British Columbia V3A 0N4

2 beds
1 baths
1 day

Pet friendly and pristine ground floor home on a path w/ a private entrance from the street! This 2 bed/1 bath has only ONE neighbour, a bright open layout w/ white kitchen, quartz counters, durable laminate throughout, a large laundry space w/ storage, secure underground parking (EV parking

House for sale: 11 VERNAR Drive, Midhurst

41 photos

$1,050,000

11 Vernar Drive, Midhurst, Ontario L0L 1X0

4 beds
3 baths
79 days

Doran to Vernar **Ask for details on the 1.59% assumable mortgage! Welcome to this stunning family home in the highly sought-after, family-friendly village of Midhurst. Inside, the house is professionally decorated with modern finishes and high-end touches throughout. Bright, inviting living-room

Multi-Family for sale: 633 Beach Rd, Qualicum Beach

30 photos

$6,495,000

633 Beach Rd, Qualicum Beach, British Columbia V9K 1H1

0 beds
0 baths
34 days

Investment opportunity awaits with this exclusive enclave of 12 modern duplex units, all fully leased and generating strong rental income with minimal operating costs. Featuring an assumable mortgage of $3.65M at a favourable 2.8% interest rate, this property includes four spacious 2-bedroom,

Row / Townhouse for sale: 28 - 171 SNOWBRIDGE WAY, Blue Mountains

40 photos

$1,299,000

28 - 171 Snowbridge Way, Blue Mountains (Blue Mountains), Ontario L9Y 0V1

4 beds
3 baths
78 days

Grey Rd 19 / Snowbridge Way Rarely offered 4 Bed end unit zoned for Airbnb!!! Welcome to Historic Snowbridge in Blue Mountain, a fabulous development in walking distance from the hill, and one of the top rental performers in this area! These sought-after 4 bed, 3 bath end unit townhomes, with

Apartment for sale: 207 - 19 GUELPH AVENUE, Cambridge

12 photos

$549,900

207 - 19 Guelph Avenue, Cambridge, Ontario N3C 1A2

1 beds
1 baths
77 days

Guelph ave & Queen st Modern, second floor, one bedroom, one bathroom condo with a walkout balcony. Features high exposed beam ceiling with large windows. Hardwood floors, granite counter, stainless steel appliances and in unit laundry room with washer and dryer. Includes one parking space

Row / Townhouse for sale: 3 - 1655 HEATHERINGTON ROAD, Ottawa

13 photos

$329,000

3 - 1655 Heatherington Road, Ottawa (3804 - Heron Gate/Industrial Park), Ontario K1V 8V8

2 beds
2 baths
77 days

From Hunt Club Rd, head southwest on Hunt Club Rd / Ottawa 32 W toward Dunston Terrace. Turn right onto Bank St / Ottawa Regional Rd 31. Turn right onto Walkley Rd E / Ottawa Regional Rd 74 E. Turn right onto Heatherington Rd. Charming Updated Home for First-Time Buyers and Investors! This

Apartment for sale: 2115 - 4978 YONGE STREET, Toronto

22 photos

$680,000

2115 - 4978 Yonge Street, Toronto (Lansing-Westgate), Ontario M2N 7G8

2 beds
1 baths
135 days

Yonge & Sheppard **Opportunity for buyers/investors - assumable mortgage of $385K at 1.49% interest rate**Corner Unit With Stunning Views! This Bright And Spacious Corner Unit Features Two Bedrooms, Floor-to-Ceiling Windows, A Balcony To Enjoy The Outdoor And Views, Gorgeous Views From The

Apartment for sale: 203 9188 HEMLOCK DRIVE, Richmond

20 photos

$799,000

203 9188 Hemlock Drive, Richmond, British Columbia V6Y 4J7

2 beds
2 baths
16 days

Welcome to Hampton's Park, by award winning developer Cressy. This 2 bed, 2 bath home has a well thought out floor plan and is the corner unit with no neighbours on the primary bedroom side. Amenities are first class, showcasing the developers penchant for refinement. Get a quick workout

4943 CHALMERS AV, Swan Hills

43 photos

$1,150,000

4943 Chalmers Av, Swan Hills, Alberta T0G 2C0

0 beds
0 baths
232 days

MOTIVATED SELLER!! Own Copperstone Manor with a 9.61% Cap Rate with excellent cashflows. This 24 suite apartment building was significantly renovated in 2019 with new luxury vinyl plank flooring throughout the suites; new paint; new bathrooms; new kitchen countertop and tile backsplash; new

House for sale: 10007 SHAMROCK DRIVE|Fairfield Island, Chilliwack

40 photos

$1,049,900

10007 Shamrock Drive|fairfield Island, Chilliwack, British Columbia V2P 5L3

5 beds
3 baths
54 days

Beautiful and partially renovated family home on a quiet no-through cul-de-sac. This 3 level split has almost 3,000 sq ft of living space and has 5 bedrooms and 2 full baths. The open concept main floor offers a spacious kitchen with large island and eating bar, a bright living room with big

House for sale: 322110 304 Street W, Rural Foothills County

50 photos

$2,299,900

322110 304 Street W, Rural Foothills County, Alberta T0L 1K0

7 beds
5 baths
48 days

Welcome to your dream retreat, nestled in the breathtaking Foothills just minutes from Calgary and only five minutes from Millarville. This stunning Barndominium-style estate offers unmatched luxury and versatility, set on 27.5 acres of rolling hills and lush, treed landscapes, all framed

House for sale: 11 VERNAR DRIVE, Springwater

37 photos

$1,050,000

11 Vernar Drive, Springwater (Midhurst), Ontario L0L 1X0

4 beds
3 baths
79 days

Doran & Vernar **Ask for details on the 1.59% assumable mortgage! Welcome to this stunning family home in the highly sought-after, family-friendly village of Midhurst. Inside, the house is professionally decorated with modern finishes and high-end touches throughout. Bright, inviting living-room

Row / Townhouse for sale: 68 1051 RESORT Dr, Parksville

36 photos

$499,900

68 1051 Resort Dr, Parksville, British Columbia V9T 4V5

2 beds
1 baths
47 days

Welcome to Beautiful Beach Acres. This forest cabin has everything you could want in a beachside Vacation Home on Vancouver Island. Features include, stand alone rancher style unit, open concept Kitchen, dining, living area, 2 bedrooms and 1 bath, this home is ideal to spend your summers

House for sale: 935 Argyle Street, Penticton

40 photos

$850,000

935 Argyle Street, Penticton, British Columbia V2A 5P1

5 beds
6 baths
29 days

Spacious family home - the perfect blend of comfort and style! Flexible design featuring several bedrooms with ensuites, ideal for a large household, or families with teens, and for those who value extra space. Its elegant Victorian aesthetic adds a touch of timeless charm. Main level offers

Manufactured Home for sale: 177 Cokerill Crescent, Fort McMurray

29 photos

$238,888

177 Cokerill Crescent, Fort McMurray (Timberlea), Alberta T9K 2J3

3 beds
2 baths
28 days

ASSUMABLE MORTGAGE AT A INCREDIABLE FIXED INTEREST RATE OF 1.74% TILL JANUARY 1ST, 2027. MORTGAGE PAYMENTS $1269.17 A MONTH. CALL FOR DETAILS. MOVE IN READY AND READY FOR IMMEDIATE OCCUPANCY! LOADS OF PARKING, LARGE 16x20 DETACHED HEATED AND WIRED WORKSHOP, MASSIVE DECK AND A HOT TUB. This

Multi-Family for sale: 1418 SIMCOE STREET S, Oshawa

14 photos

$1,997,000

1418 Simcoe Street S, Oshawa (Lakeview), Ontario L1H 4M4

0 beds
0 baths
27 days

Simcoe St S & Ritson Rd Calling All Investors!! A fantastic investment opportunity. Prime Location, Low Vacancy and Amazing Cash Flow Potential. Welcome to an exceptional investment opportunity nestled in a vibrant community! A remarkable three-storey building featuring six generously sized

Apartment for sale: PH909 221 UNION STREET, Vancouver

37 photos

$1,398,000

Ph909 221 Union Street, Vancouver, British Columbia V6A 0B4

2 beds
2 baths
27 days

This urban gem has serious loft vibes and unbeatable indoor/ outdoor living! This next-level home features over height ceilings, polished concrete floors and exposed brick for an industrial-chic aesthetic. The standout? Incredible outdoor space: a balcony off the primary bedroom, a large terrace

House for sale: 3339 Bothe Road, Kelowna

60 photos

$900,000

3339 Bothe Road, Kelowna, British Columbia V1W 3M3

6 beds
3 baths
22 days

Offering a 1.89% assumable mortgage and strong rental income potential, this property is an excellent investment opportunity—ready for future development. The land is already zoned to accommodate up to 6 townhouses and is located on a quiet street close to all that the South Pandosy neighbourhood

Other for sale: 3339 Bothe Road, Kelowna

60 photos

$900,000

3339 Bothe Road, Kelowna, British Columbia V1W 3M3

0 beds
0 baths
22 days

Offering a 1.89% assumable mortgage and strong rental income, this corner lot is the perfect holding property for future development. The land is already zoned to accommodate up to 6 townhouses and is located on a quiet street close to all that the South Pandosy neighbourhood has to offer—shopping,

Other for sale: 1005 NOTRE DAME DRIVE, London

29 photos

$6,997,000

1005 Notre Dame Drive, London (South O), Ontario N6J 3C3

5 beds
23 baths
14 days

Southdale rd at Notre Dame dr At full price this building has a 6/7% return on investment. Assumable first mortgage with first national approx $3,125,150.00 at 2.88% maturing Sept 1 2029 with P.I monthly payments $14,768.00. Possibly the best renovated & maintained 23 unit in London. Triple

Apartment for sale: 1207 1500 FERN STREET, North Vancouver

38 photos

$1,250,000

1207 1500 Fern Street, North Vancouver, British Columbia V7J 0E6

2 beds
2 baths
16 days

Luxurious, very private 2-bedroom + den, 2-bathroom home with panoramic views of Seylynn Park, Lynn Creek, and downtown Vancouver. This unit's location in the building is truly special. The spacious layout is filled with natural light from floor-to-ceiling triple-glazed windows. The kitchen,

Other for sale: 37 FIRST STREET, Orangeville

40 photos

$1,899,000

37 First Street, Orangeville (Orangeville), Ontario L9W 2E3

12 beds
9 baths
143 days

First St and Second Ave Orangeville - Charming Victorian, Legal 6-plex spacious units (see attached floor plans - each unit is separately metered and all have ensuite laundry. Each unit has individual outdoor space deck patios. 2-3 bedroom - 3-1 bedroom / 1-2 bedrooms. Awesome location , First

House for sale: 8718 150 ST NW, Edmonton

39 photos

$590,000

8718 150 St Nw, Edmonton, Alberta T5R 1E4

5 beds
4 baths
229 days

Investors know success is a good property in a great location! This home has it all! 2 storey, legal suite home that will amaze both YOU & your tenants. As you step inside, you are greeted by a spacious, bright, open concept design, sure to impress! East facing living area; highlighted by

Apartment for sale: 1604 989 Johnson St, Victoria

32 photos

$699,900

1604 989 Johnson St, Victoria, British Columbia V8V 0E3

1 beds
1 baths
48 days

Elevate your lifestyle in this top-floor penthouse, a perfect blend of modern elegance and urban convenience. With over $170K in upgrades, it features soaring 14’6” ceilings, floor-to-ceiling glass, and an open floor plan that is flooded with natural light and flexibility for furnishing

Multi-Family for sale: 37 MUTUAL STREET, Toronto

37 photos

$2,498,000

37 Mutual Street, Toronto (Church-Yonge Corridor), Ontario M5B 2A7

0 beds
7 baths
7 days

Yonge St./Queen St. Att: INVESTORS & End USERS! CR4 Zoning Multiplex Heritage townhouse located in the sought-after Yonge and Queen area of Church-Yonge Corridor neighborhood, introducing a unique opportunity to own an INCOME-GENERATING PROPERTY. This property includes (6 units including the

House for sale: 8720 150 ST NW, Edmonton

34 photos

$590,000

8720 150 St Nw, Edmonton, Alberta T5R 1E4

5 beds
4 baths
229 days

Investors know success is a good property in a great location! This home has it all! 2 storey, legal suite home that will amaze both YOU & your tenants. As you step inside, you are greeted by a spacious, bright, open concept design, sure to impress! East facing living area; highlighted by

House for sale: 8716 150 ST NW, Edmonton

36 photos

$590,000

8716 150 St Nw, Edmonton, Alberta T5R 1E4

5 beds
4 baths
89 days

Investors know success is a good property in a great location! This home has it all! 2 storey, legal suite home that will amaze both YOU & your tenants. As you step inside, you are greeted by a spacious, bright, open concept design, sure to impress! East facing living area; highlighted by

Understanding Assumable Mortgages

In the world of real estate, an assumable mortgage is a unique financial instrument that can offer significant advantages to both buyers and sellers. This type of mortgage allows a buyer to take over the seller's existing mortgage, effectively "assuming" the current terms, interest rate, and balance. This can be particularly beneficial in a rising interest rate environment, where the buyer can benefit from a lower rate than what is currently available in the market.

How Assumable Mortgages Work

When a property is sold with an assumable mortgage, the buyer steps into the shoes of the seller and continues to make payments on the existing loan. This process requires the lender's approval, as the lender must ensure that the buyer is financially capable of taking over the mortgage. The buyer typically pays the seller the difference between the home's sale price and the remaining balance on the mortgage.

Benefits for Buyers

One of the primary benefits for buyers is the potential to secure a lower interest rate. For instance, if a buyer is interested in a property in Burnaby with an assumable mortgage, they might be able to take advantage of a rate that is significantly lower than current market rates. This can lead to substantial savings over the life of the loan.

Additionally, assuming a mortgage can simplify the buying process. Buyers may face fewer closing costs and a more streamlined approval process compared to securing a new mortgage. This can be particularly appealing in competitive markets where time is of the essence.

Advantages for Sellers

Sellers can also benefit from offering an assumable mortgage. In a market where interest rates are rising, an assumable mortgage can make a property more attractive to potential buyers. For example, a seller in British Columbia might find that their home sells more quickly if buyers can assume a favorable mortgage rate.

Moreover, sellers may be able to negotiate a higher sale price if the buyer is eager to take advantage of the existing mortgage terms. This can be a strategic advantage in a competitive real estate market.

Considerations and Risks

While assumable mortgages offer several benefits, there are also important considerations and risks. Buyers must be aware that they will need to qualify for the mortgage under the lender's criteria. This means that their creditworthiness and financial stability will be scrutinized, just as it would be for a new mortgage application.

Additionally, buyers should be aware of any potential changes in the mortgage terms. For instance, if the original mortgage has a variable interest rate, the buyer could face increased payments if rates rise. It's crucial to fully understand the terms of the mortgage before proceeding.

Exploring Assumable Mortgages in Different Regions

Assumable mortgages are available in various regions, each with its own market dynamics. In Alberta, for example, buyers might find opportunities to assume mortgages with favorable terms, especially in areas where property values have remained stable.

In Nanaimo and Richmond, assumable mortgages can be a strategic option for buyers looking to enter the market without the burden of high-interest rates. These regions offer diverse real estate options, from urban settings to more suburban environments.

Assumable Mortgages as a Mortgage Helper

For those looking to invest in properties with rental potential, assumable mortgages can serve as a mortgage helper. By assuming a mortgage with favorable terms, investors can reduce their monthly expenses and increase their rental income potential. This strategy can be particularly effective in areas like Langley, where rental demand is strong.

Unique Opportunities in Smaller Communities

Smaller communities, such as Stoughton and Vibank, also present unique opportunities for assumable mortgages. In these areas, buyers may find properties with existing mortgages that offer better terms than new loans. This can be an attractive option for those looking to settle in quieter, more rural settings.

Case Study: A Two-Bedroom Opportunity

Consider a scenario where a buyer is interested in a two-bedroom property in Verdun. By assuming the existing mortgage, the buyer can secure a lower interest rate and reduce their overall housing costs. This can make the property more affordable and allow the buyer to allocate funds to other investments or savings.