When more than one generation shares a roof, the right layout and the right mortgage structure make all the difference. 35 George St, Bright offers the layout: main-floor bedroom + full bath, open plan, and room to flex (4 up + bonus spaces). Let’s talk approachable numbers and strategy (illustrative only; not rate quotes).
Assumptions (example only): 5-yr fixed 4.79%, 25-yr amortization (30-yr for conventional options, where applicable), OAC. CMHC premiums apply under $1M.
Multi-Gen Strategy Notes (Talk to Me Before You Structure!)
Co-borrowers / blended income: Parents + adult children can qualify together; structure matters for liability and future plans.
Gifted down payment from family can reduce monthly cost (proper documentation required).
30-year amortization (conventional/uninsured) can soften payments—use strategically with a principal-paydown plan.
Accessibility today, aging-in-place tomorrow: The main-level bedroom + full bath make long-term sense.
Potential future suite? Always check local bylaws, zoning, and building permits before planning any accessory unit or modifications.
Want a custom scenario for your family’s plan? I’ll map it out—no stress.
Ready to apply?
Browse my app: https://tinyurl.com/DLC-MortgageApp
Charlotte Ferguson, Mortgage Agent Level 2 — Dominion Lending Centres National Ltd. Lic. #12360.
Illustrations only. Not a commitment to lend. OAC. Rates/terms subject to change. Buyers must verify local bylaws/zoning for any changes.