1127 Dorcas Bay Road, Tobermory

Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 1127 Dorcas Bay Road. The current price of the property is $399,900, and the mortgage rate being used for the calculation is 4.44%, which is a competitive rate offered by Ratehub.ca. Assuming a conventional mortgage with a 20% down payment, the total amount borrowed would be $319,920. This would result in a monthly mortgage payment of $1,870 over a 25-year amortization period.