8 Elm Avenue, Labrador City

Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 8 Elm Avenue. The current price of the property is $719,000, 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 $575,200. This would result in a monthly mortgage payment of $3,362 over a 25-year amortization period.