New Listing! Attention First Time Buyer's!

This unit is perfect for the first time buyer's. The building is located in the Sheppard and Bayview Area across from Bayview Village.

The unit is on the 9th floor and faces directly south for beautiful unobstructed downtown views.

Features included the following:

• 1 bedroom 1 bathroom
• 642 SF
• South view
• open balcony
• walk-in closet
• Appliances: fridge, stove, dishwasher, washer & dryer
• 1 parking spot, 1 locker
• $293,000
• Building Amenities are as follows: 
• exercise room, indoor pool & hot tub, billard room, party & rec room, media room, virtual golf, guest suites, visitor parking underground, 24hr concierge, electron message board.
• Certain pets are allowed, call for restrictions.

Best renovations to boost ROI

Think it’s all about kitchens and bathrooms? Or maybe you’re focused on the basement suite? Turns out a lick of paint could be the best investment you make for your investment property.

If you do only one thing, according to a new report from HGTV.ca and BMO, painting inside and out should be it. That low-cost investment tops the list of key renovations guaranteed to up cash flow for landlords and property values for investors looking to cash out.

Other top performers include the ever-popular kitchen refurb, bathroom remodeling and replacing doors and windows.

The latest Annual BMO Home Renovation Report shows fewer Canadians are planning home renovations this year, but they are focused on projects with the greatest returns. Half of Canadian homeowners (51 per cent) plan to renovate their homes in the next year, compared with 62 per cent in 2011.

"Making home upgrades can add significant value to a home; however, it's crucial that homeowners consider the financial implications involved," says Laura Parsons, mortgage expert, BMO Bank of Montreal. "Renovation projects come in different shapes and sizes and vary in return on investment."

Renovation Hit list:

Painting: When done well and with taste, applying a fresh coat of paint to the interior or exterior of a home is a simple way to realize gains on your renovation investment.
Return: As much as 300 per cent.

Kitchen remodeling: A kitchen renovation can be one of the most costly home improvement projects. However, careful planning, budgeting and shopping will help minimize expenses. Consider aspects such as whether or not the project is in line with the style and quality of the rest of the house and neighbourhood.
Return: 68-120 per cent.

Bathroom addition/remodeling: A bathroom addition should be a top priority for those looking to add value to a home with only one bathroom. This is particularly true if neighbouring homes feature multiple bathrooms. Additionally, upgrading an outdated bathroom will also bring significant value to a home. Return: 80-130 per cent; 65-120 per cent respectively.

Window/door replacement: Replacing inefficient windows or doors can be an excellent use of your home improvement dollars, as they refresh the esthetic and also help to keep energy costs down. Stick to standard styles; odd shapes and highly customized arrangements do little for resale value.
Return: 50-90 per cent.

Deck addition/improvement/expansion: Decks are one of the few exterior improvements with any significant return, apart from painting.
Return: 65-90 per cent.

*Canadian Real Estate Wealth

 

New Listing! CEDARVALE

Click on the followig link to see all the great PHOTOS and additional INFORMATION for

401 Arlington Avenue in Cedarvale.

Untitled

New Listing About To Hit The Market!

CEDARVALE

Urban chic meets cozy retreat

 

This charming semi-detached will welcome you right into a cozy & comfortable home. 

It's trendy & renovated with great curb appeal that's also affordable, on a low traffic street.

Featuring: Beautiful hardwood floors, freshly painted, newer roof, newer appliances and newly renovated basement; two new sump pumps, newer 50 gallon water tank & high efficiency furnace &  more. 

Come by to have a look, you won't want to leave...

For more detailed listing information, please visit our website: www.CohenRealtyTeam.com

Mortgage Financing Document Checklist

When purchasing a new home, refinancing or transferring an existing mortgage, knowing what documents and information may be requested by a lender can speed up the financing process and help you avoid any last minute surprises. Here is a checklist to help you prepare...

IF YOU ARE PURCHASING A HOME
o Copy of the MLS listing and the purchase and sale agreement
o Full name and contact information of your solicitor
o Confirmation of down payment from one or more of following sources: Personal savings or other investment accounts; Proceeds from sale of a different property; A gift
o Most recent 3 months bank / investment statements showing down payment funds

IF YOU ALREADY OWN YOUR HOME
o A recent mortgage statement
o Your current homeowner insurance policy
o You’re most recent property tax assessment
o The property’s value, from a recent property tax assessment or comparable MLS listings
o A legal description of property from the original agreement or property tax statements

OTHER DOCUMENTS
For both first time buyers and homeowners:
Ø If you are salaried or employed full time or regular part time...
o 2 recent and consecutive pay stubs
o Copy of a current bank account with statements indicating direct deposit of your income
o A letter from your employer on company letterhead, including your name, pay rate, title or position, length of employment, # of weekly hours worked and the title of the person signing the letter
Ø If you are self employed, on contract, or you intend to include other income such as bonuses,profit sharing, overtime or tips...
o NOA’s (Notice of Assessments) from the Canadian Revenue Agency (last 3 years)
o T1 Generals with attached statements of business activities
o Business license

ADDITIONAL INFORMATION
o List of assets and liabilities?
o What life and critical illness insurance coverage you presently have?
o How much are the annual property taxes and heating costs?
o Total square footage of the home and land?
o In the case of a condominium purchase, a copy of the new home warranty certificate

Carbon Monoxide: What You Need to Know

Carbon monoxide (CO) is an odorless, colorless and toxic gas. Because it is impossible to see, taste or smell the toxic fumes, CO can make you very sick, or even kill you before you are aware it is in your home. It is produced when fuels such as wood, propane, oil, natural gas, kerosene, gasoline, diesel, coal or charcoal do not burn properly.

To read more, click on the following link:

http://canadarealtynews.com/nl_preview.asp?a=&id=57604&cid=1105&agent=nprealtor

Home Maintenance Checklist for Fall and Winter

As the winter season approaches and the air become crisp, it's time to start thinking about preparing your house for the season. The winter season means spending more time indoors, hence roofs need to shed rain and snow, windows and doors need to reject the cold, and the heating system needs to keep rooms comfortable. If any of these components don't hold up, you might be faced with scrambling around in the wet, cold and dark to fix them.

By handling these important yet reasonably easy tasks now, you can avoid considerable grief later.

Click on the link below to read further:

http://www.canadarealtynews.ca/nl_preview.asp?a=&id=57606&cid=1105&agent=nprealtor