Centennial-Port Union
Location: 22 Linderwood Dr., Highway 401 and Port Union Rd.
Asking price: $674,800
Size: 3,084 sq. ft., plus 1,545 sq. ft. partially finished basement
Lot: 41 by 117-ft., two car attached garage, private double drive
Taxes: $4,289.71 (2011)
Bedrooms: 4
Bathrooms: 3
Built in 1995 by renowned and respected builder Tito Chiavatti, this four-bedroom home backs onto the west side of Adams Park. Ideal for a family, this large park boasts soccer and baseball fields, a playground for children, a wading pool, picnic and barbecue areas, hills for tobogganing in the winter and paved pathways for walking and jogging.
“This is a solidly built home with over 3,000 square feet of living space,” says listing agent Jill Fewster-Yan. “It is newer than most of the homes in the surrounding neighbourhood, which were built in the 1970s.
“The open-concept kitchen and family room are at the back of the house overlooking the private backyard, which has a built-in swimming pool and spacious deck for entertaining.”
The home’s main-floor den, which has an adjacent bathroom, makes an ideal home office or main-floor bedroom for anyone with mobility challenges, Fewster-Yan says.
The house is close to many schools, stores, the TTC, the waterfront trail, a community centre with a skateboard park, a library, the West Rouge Sports Club and Highway 401. The University of Toronto Scarborough campus and the Metro Zoo are also close by.
The stately exterior features arched windows, coin work around the windows, brick detailing, a double entry door and peeked rooflines.
It has a central hall floor plan and a wide foyer, featuring a ceramic tile floor and a closet with mirrored sliding doors.
On one side of the foyer is the spacious living room with a bay-style window, crown moulding, hardwood and French doors with leaded/bevelled glass opening to the dining room.
The dining room has hardwood, a double window and crown moulding.
Highlights of the kitchen include oak cabinetry, a pantry, ceramic tile backsplash, high-end appliances and a ceramic tile floor.
The adjoining breakfast area boasts a bay-style window with a walk-out to the back deck, a ceramic tile floor, a large walk-in pantry with built-in shelving and a pass-through to the family room.
The family room is at the rear of the home and features a gas fireplace with marble facing, hardwood, a large window and crown moulding. French doors with leaded/bevelled glass open to the den, which has hardwood and large window.
There is a power room and a laundry/mud room with a closet on the other side of the foyer. It has a ceramic tile floor, built-in sink and cabinetry and direct access to the garage.
From the foyer, a circular staircase leads both to the upper and lower levels.
On the second floor, the master bedroom is at the rear of the home. It features a double door entrance, a sitting area with a bay-style window, broadloom, a double window and a walk-in closet with built-in organizers. The master bedroom ensuite boasts a ceramic tile floor, a whirlpool tub with ceramic tile surround, a separate shower stall with a glass door and a large vanity counter with double sinks.
The second bedroom has an oversized closet, broadloom and large window.
The third bedroom is at the front of the home and features a bay-style window with California shutters, broadloom and an oversized double closet. The fourth bedroom also overlooks the front yard and has a deep closet, a bay-style window and broadloom.
The main bathroom is five-piece with twin vanity sinks and a ceramic floor. The upstairs hallway has a triple window and two linen closets.
The partially finished basement features a large recreation room with above-grade windows and broadloom. It is open to an office room with broadloom. There is also a cold storage area and a large utility/storage room with above grade windows.
Wednesday, 28 March 2012
Monday, 26 March 2012
Canadian housing cooling but in better shape than many global markets
More and more global property markets have come under increasing stress, consistent with the slowdown in economic growth internationally. Pricing conditions in the majority of markets surveyed by Scotiabank deteriorated in the final quarter of 2011. Sovereign debt concerns, high unemployment, weak consumer confidence and, in some cases, excess supply and tight credit, continue to stifle demand and depress prices.
That’s the word from a report on global real estate trends by Adrienne Warren, Scotiabank’s senior economist and real estate specialist.
And Warren says Canada’s housing market is cooling but it remains in better shape than many international markets.
“Even in Canada, housing has lost its prior exuberance. Home prices have levelled out over the past six months as market conditions become better balanced and as high prices, tighter mortgage regulations and slowing job growth cool demand,” says her report.
Average inflation-adjusted prices were up just one per cent, year-over-year in the fourth quarter of last year.
”We expect sales and prices will be relatively flat in the year ahead. Even with interest rates forecast to remain low well into next year, public sector restraint and a lack of pent-up demand will temper both first-time and move-up buyer activity. Regionally, relatively stronger job and income gains and more positive demographic trends favour Western Canadian housing markets over those in Central and Eastern Canada,” says Warren.
“This cooling off period is an important step in helping to rebalance housing valuations, allowing fundamentals such as income to catch up to prices. We continue to maintain that the risk of a major price correction remains low, barring a major economic or financial shock. There remains little evidence of widespread overbuilding or speculative buying activity. Canada’s mortgage market is sound, and delinquency rates are low.”
That’s the word from a report on global real estate trends by Adrienne Warren, Scotiabank’s senior economist and real estate specialist.
And Warren says Canada’s housing market is cooling but it remains in better shape than many international markets.
“Even in Canada, housing has lost its prior exuberance. Home prices have levelled out over the past six months as market conditions become better balanced and as high prices, tighter mortgage regulations and slowing job growth cool demand,” says her report.
Average inflation-adjusted prices were up just one per cent, year-over-year in the fourth quarter of last year.
”We expect sales and prices will be relatively flat in the year ahead. Even with interest rates forecast to remain low well into next year, public sector restraint and a lack of pent-up demand will temper both first-time and move-up buyer activity. Regionally, relatively stronger job and income gains and more positive demographic trends favour Western Canadian housing markets over those in Central and Eastern Canada,” says Warren.
“This cooling off period is an important step in helping to rebalance housing valuations, allowing fundamentals such as income to catch up to prices. We continue to maintain that the risk of a major price correction remains low, barring a major economic or financial shock. There remains little evidence of widespread overbuilding or speculative buying activity. Canada’s mortgage market is sound, and delinquency rates are low.”
Thursday, 22 March 2012
Tips for buyers and sellers of real estate
The decision to put your home on the market is not easy, especially if you are doing for the first time. In the same way whether you are a first. Now a home buyer or seasoned, it is always wise to be informed about the buying and selling process so that some of the pitfalls can be avoided. Before the new home for sale, the following is worth taking a look at:
-Milton real estate can be a good starting point. Research carefully before you start. It is also recommended to interview as many real estate agents and Milton real estate online services as possible before making a final choice.
-It is important to be aware of their rights and obligations as a seller, especially for homes for sale in Toronto.
-Ask your agent to explain all the details of the contract. You can also decide to involve your lawyer. Receive student contact may seem a waste of time, but it is extremely important. Do not forget!
-Sometimes you are too attached to the sale of a property. Make sure that the price expectations are based on fair market value of your property and not on your feelings, thoughts or needs.
-I trust that the staff when he tells you to spend some money on TLC. Sometimes it is important to identify the property and do the right shape.
-Use advertising to promote your business in particular for homes for sale in Toronto. If your agent is not already in use, be sure to remind him to do so.
-Remember that in many cases are the first impressions are the most recent, most interesting use photos to advertise your property.
-Do not underestimate the importance of curb appeal should the interior of the property is attractive as a look outside.
-Do not keep your property clean and presentable. It's definitely the potential customer to see the property in better shape.
-If your property does not sell, attempt to lower the price. Note that if your property is unsold for too long, it can take up distrust among the buyers. You may also wish to reconsider the value of your property after moments of time.
-Consider the first deals seriously. They can also be your best bet.
-It is important to know the difference between real estate agent for a buyer and seller real estate: real estate agent for a buyer to act in the best interest of the buyer, all the time, while real estate from the seller protects the interests of the seller. If a real estate agent represents both buyer and seller would then be called a "dual agency".
-Estate agents must submit their representation in a transaction. However, you should discuss the advantages and disadvantages of different types of representations. And "good deal good option before surgery. This will definitely give you a good idea of what is best for your situation.
-If you are a buyer and want to access impartial information to go to a licensed real estate agent. This information is crucial for the final decision. In real estate lingo, this information is called "comparables. It will include information on new homes for sale and properties in neighboring areas. This information will give you great insights.
-Milton real estate can be a good starting point. Research carefully before you start. It is also recommended to interview as many real estate agents and Milton real estate online services as possible before making a final choice.
-It is important to be aware of their rights and obligations as a seller, especially for homes for sale in Toronto.
-Ask your agent to explain all the details of the contract. You can also decide to involve your lawyer. Receive student contact may seem a waste of time, but it is extremely important. Do not forget!
-Sometimes you are too attached to the sale of a property. Make sure that the price expectations are based on fair market value of your property and not on your feelings, thoughts or needs.
-I trust that the staff when he tells you to spend some money on TLC. Sometimes it is important to identify the property and do the right shape.
-Use advertising to promote your business in particular for homes for sale in Toronto. If your agent is not already in use, be sure to remind him to do so.
-Remember that in many cases are the first impressions are the most recent, most interesting use photos to advertise your property.
-Do not underestimate the importance of curb appeal should the interior of the property is attractive as a look outside.
-Do not keep your property clean and presentable. It's definitely the potential customer to see the property in better shape.
-If your property does not sell, attempt to lower the price. Note that if your property is unsold for too long, it can take up distrust among the buyers. You may also wish to reconsider the value of your property after moments of time.
-Consider the first deals seriously. They can also be your best bet.
-It is important to know the difference between real estate agent for a buyer and seller real estate: real estate agent for a buyer to act in the best interest of the buyer, all the time, while real estate from the seller protects the interests of the seller. If a real estate agent represents both buyer and seller would then be called a "dual agency".
-Estate agents must submit their representation in a transaction. However, you should discuss the advantages and disadvantages of different types of representations. And "good deal good option before surgery. This will definitely give you a good idea of what is best for your situation.
-If you are a buyer and want to access impartial information to go to a licensed real estate agent. This information is crucial for the final decision. In real estate lingo, this information is called "comparables. It will include information on new homes for sale and properties in neighboring areas. This information will give you great insights.
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