Assumable Mortgage Property Listings for Sale

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Apartment for sale: 102 5415 BRYDON CRESCENT, Langley

38 photos

$548,000

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

2 beds
1 baths
7 days

Opportunity knocks!!! This picture perfect condo in Langley has an assumable mortgage offered at 1.9 percent!!! This Junior 2 bed home has only ONE neighbour and is on a path w/ a private entrance from the street, perfect for pet owners. Meticulously maintained, with a white kitchen, quartz

House for sale: 1651 COUNTY ROAD 124, Clearview

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$1,740,000

1651 County Road 124, Clearview (Rural Clearview), Ontario L0M 1H0

5 beds
4 baths
86 days

West on County Rd. 91, left on County Rd. 124 (between Devil's Glen & Singhampton). Nestled in a serene setting with breathtaking views, your 5-bedroom, 5-bath executive retreat awaits (4 baths are ensuites). There is also an unbeatable financial advantage with an assumable mortgage of up

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

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$520,000

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

2 beds
1 baths
6 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: 322110 304 Street W, Rural Foothills County

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$2,299,900

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

7 beds
5 baths
7 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

Apartment for sale: 520 - 4208 DUNDAS STREET W, Toronto

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$469,000

520 - 4208 Dundas Street W, Toronto (Edenbridge-Humber Valley), Ontario M8X 0B1

1 beds
1 baths
16 days

Royal York & Dundas This 511 sq.ft. one bedroom one bathroom is a standout opportunity in today's market. This is an unbeatable price for outstanding value. Not to mention, you can take advantage of a 3.89%assumable mortgage available for a qualified buyer! This beautiful suite features a premium

Apartment for sale: 807 231 E PENDER STREET, Vancouver

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$675,000

807 231 E Pender Street, Vancouver, British Columbia V6A 0G3

1 beds
1 baths
23 days

PENTHOUSE, CORNER unit and a SPACIOUS patio. Welcome to Framework, a boutique concrete building situated in vibrant Chinatown. This sleek one bedroom BRIGHT home features modern finishings, including Fisher Paykel appliances, polished concrete flooring & a versatile island with wheels. But

Apartment for sale: 308 834 Johnson St, Victoria

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$424,900

308 834 Johnson St, Victoria (The 834), British Columbia V8W 1N3

1 beds
1 baths
5 days

Discover urban living at its finest at ''THE 834''! This chic 1-bedroom, 1-bath condo is perfectly situated in the vibrant heart of downtown Victoria. Stylish kitchen features stainless appliances & an open-concept living space framed by floor-to-ceiling picture windows that allow natural

Multi-Family for sale: 155 MARQUETTE AVENUE, Ottawa

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$1,588,000

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

0 beds
0 baths
214 days

From Highway 417 take Vanier Pkwy North, turn right on Beechwood Ave, turn right on Marier Ave, Left on Peres-Blanc Ave. Property at the corner of Peres-Blanc Ave and Marquette Ave. ASSUMABLE MORTGAGE AT 2.17% INTEREST! Own a turnkey investment property in sought-after Beechwood Village! This

Other for sale: 3339 Bothe Road, Kelowna

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$900,000

3339 Bothe Road, Kelowna, British Columbia V1W 3M3

0 beds
0 baths
296 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,

Apartment for sale: 2115 - 4978 YONGE STREET, Toronto

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$680,000

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

2 beds
1 baths
94 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

House for sale: 3339 Bothe Road, Kelowna

20 photos

$900,000

3339 Bothe Road, Kelowna, British Columbia V1W 3M3

6 beds
3 baths
185 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,

581 STRASBURG Road, Kitchener

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$6,195,000

581 Strasburg Road, Kitchener, Ontario N2E 1P2

38 beds
21 baths
344 days

Ottawa/Strasburg Secure, turn key investment in a great neighborhood located in Kitchener, Ontario. This 21 unit residential building was completely renovated three years ago, which consist of new roof, electrical, heating systems, and the units themselves. Attractive assumable mortgage at

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

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$6,495,000

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

0 beds
0 baths
120 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,

House for sale: 5090 50A Street NE, Salmon Arm

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$1,199,000

5090 50a Street Ne, Salmon Arm, British Columbia V1E 1Y6

4 beds
3 baths
295 days

18 Acres with a new, bright and modern, 2020 built level entry home plus a legal detached secondary home. The main home features an open floor plan with large living / dining room and a stunning kitchen which has a 42"" Thor gas stove top plus wall oven. The huge island with quartz counter

4943 CHALMERS AV, Swan Hills

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$1,150,000

4943 Chalmers Av, Swan Hills, Alberta T0G 2C0

0 beds
0 baths
191 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

220 GORDON Street, Guelph

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$7,599,000

220 Gordon Street, Guelph, Ontario N1G 1X3

37 beds
21 baths
87 days

GPS ****Prime Multi-Family Property with a Historic Charm in Guelph in the old university area with Attractive low-cost 10-year assumable mortgage of $5.1 million****. This exceptional Multi-Family property portfolio embodies the best of all worlds with a blend of history and modern conveniences,

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

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$1,997,000

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

0 beds
0 baths
86 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

House for sale: 152 Webb Drive, Fort McMurray

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$404,888

152 Webb Drive, Fort McMurray (Wood Buffalo), Alberta T9H 5H5

3 beds
2 baths
59 days

ASSUMABLE MORTGAGE WITH A INTEREST RATE OF 1.76%, MORTGAGE AMOUT $406,250.34, BIWEEKLY PAYMENTS THAT INCLUDE PROPERTY TAXES OF $943.00. CALL NOW FOR MORE DETAILS. FRONT AND REAR PARKING ON THIS FRESHLY PAINTED HOME WITH A DETACHED DOUBLE GARAGE IN WOOD BUFFALO! This spacious split level is

House for sale: 1 Toal Close, Red Deer

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$724,500

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

4 beds
3 baths
41 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: 11 VERNAR Drive, Midhurst

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$1,199,999

11 Vernar Drive, Midhurst, Ontario L0L 1X0

4 beds
3 baths
38 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. Furniture is negotiable!

House for sale: 11 VERNAR DRIVE, Springwater

37 photos

$1,199,999

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

4 beds
3 baths
38 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. Furniture is negotiable!

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

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$1,299,000

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

4 beds
3 baths
37 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
36 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

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$329,000

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

2 beds
2 baths
36 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

House for sale: 1296 Menu Road, West Kelowna

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$1,895,000

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

4 beds
4 baths
35 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

Other for sale: 1925 LAWRENCE AVENUE W, Toronto

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$5,225,000

1925 Lawrence Avenue W, Toronto (Weston), Ontario M9N 1G8

12 beds
12 baths
22 days

Lawrence Avenue West & Jane Street Take advantage of CMHC multifamily financing offering assumable 50 year amortized mortgage, estimated 81% loan-to-value and 3.8% rate. This brand new legal 8 unit project offers estimated gross rents of $259,200 per year. The property features eight separately

Other for sale: 37 FIRST STREET, Orangeville

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$1,899,000

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

12 beds
9 baths
102 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

Multi-Family for sale: 1925 LAWRENCE AVENUE W, Toronto

18 photos

$5,225,000

1925 Lawrence Avenue W, Toronto (Weston), Ontario M9N 1G8

0 beds
12 baths
23 days

Lawrence Avenue West & Jane Street Take advantage of CMHC multifamily financing offering assumable 50 year amortized mortgage, estimated 81% loan-to-value and 3.8% rate. This brand new legal 8 unit project offers estimated gross rents of $259,200 per year. The property features eight separately

Multi-Family for sale: 233 VICTORIA AVENUE N, Hamilton

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$1,399,000

233 Victoria Avenue N, Hamilton (Landsdale), Ontario L8L 5G3

0 beds
0 baths
78 days

Victoria Ave N & Barton St E Lucrative investment opportunity at 233 Victoria Ave N. This is a LEGAL, turn key 6 unit apartment building. This property underwent extensive renovations within the last 2-3 years including kitchens, bathrooms, flooring and MORE. This property features a suite

House for sale: 8720 150 ST NW, Edmonton

34 photos

$590,000

8720 150 St Nw, Edmonton, Alberta T5R 1E4

5 beds
4 baths
188 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: 8718 150 ST NW, Edmonton

39 photos

$590,000

8718 150 St Nw, Edmonton, Alberta T5R 1E4

5 beds
4 baths
188 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

$749,999

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

2 beds
1 baths
7 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

House for sale: 8716 150 ST NW, Edmonton

36 photos

$590,000

8716 150 St Nw, Edmonton, Alberta T5R 1E4

5 beds
4 baths
48 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: 2450 RADIO TOWER Road Unit# 209, Oliver

30 photos

$949,900

2450 Radio Tower Road Unit# 209, Oliver (The Cottages), British Columbia V0H 1T1

3 beds
3 baths
210 days

Don’t miss this former show home at The Cottages in Osoyoos that is absolutely in show room condition with an assumable 2 year -1.99% mortgage! Featuring 3 bedrooms plus den/flex room & 3 baths. Nice lake and mountain views from the main level offering an open plan, perfect for entertaining.

DL2392 STEPHENS WAY, Halfmoon Bay

2 photos

$2,180,000

Dl2392 Stephens Way, Halfmoon Bay, British Columbia V7Z 1G9

0 beds
0 baths
86 days

35 acres of RU2 zoning raw land. Unbelievable ocean views from many different locations. Subdivision into 3 - 10+ acre lots under current zoning is possible and each lot can have 3 separate dwellings. There are so many different ways to approach a property of this size and this potential.

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.