March 2015 Issue 109 by The Real Estate Market Watch

WHAT’S INSIDE: Flipping Housescan be Very Profitable if you Follow these Steps PAGE 5

HOMES FOR SALE | PAGE 4 Hamilton, Stoney Creek, Ancaster, Dundas & Glanbrook LUXURY & WAtERFRONt | PAGE 9

HOMES FOR SALE | PAGE 6 Grimsby, Lincoln, West Lincoln & Niagara

March 2015 - Vol 74

t n a t Im p o r e r n w o e H om s t i d e r Ta x C

Tax Breaks Homeowners should know about… Buying your first home or improving your family’s home can be a significant financial investment; CGA Ontario notes three valuable tax tips for home owners: First-time home buyers’ tax credit (HBTC) For individuals who are new to home ownership, there is a federal non-refundable first-time home buyers’ tax credit (HBTC) on qualifying homes. They are eligible for a credit of up to 15% on $5,000 or $750. To participate, prospective homebuyers (or their spouse/common-law partner) cannot have owned and lived in another home in the calendar year they make the purchase, or the four years previous to that. If they purchased a home in 2013, for example, they must not have owned and lived in a home after 2008. Land transfer tax refund program First-time purchasers of a newly constructed home and first-time home buyers of a resale home (that is to be used as a principal residence), are eligible for a provincialgovernment refund of up to $2,000 of the land transfer tax (LTT) paid for that home.

Healthy homes renovation tax credit The refundable Healthy Homes Renovation Tax Credit is designed to assist senior citizens with the cost of permanent home modifications required to improve accessibility to, or assist with mobility within their home. This credit is calculated at 15% on up to $10,000 or $1,500 to cover eligible annual expenses (i.e., wheelchair ramps, widening passage doors, hand rails in corridors), among other qualifying expenditures. Family members who live with an elderly relative may claim this expense on behalf of the household. To learn more about the tax credits, and deductions available to homeowners, take a look at the Personal Tax Planning Guide published by CGA Ontario at: www.cga-ontario.org/Publications.aspx CREDIT: newscanada.ca

HOME EVALUATION NO COST • NO OBLIGATION 905-575-7700 | 905-945-0188

Page 2

The Golfi Team Real Estate Market Watch

March 2015

Luxury

Real Estate Specialist

Rob Golfi

Sales Representative

Recognized as the mark of accomplishment in luxury markets around the world, the Certified Luxury Home Marketing Specialist (CLHMS) designation assures affluent buyers and sellers that the agents who have earned it have the knowledge, experience, competence – and confidence –they require.

L U X U RY P R O P E R T I E S SaLES SPECIaLIST

| Rob Golfi |

905-575-7700

www.GolfiTeam.com

Check out our redesigned website for all the latest information in Real Estate! COMinG FEBRUARY!

where the future takes shape

Seniors Real Estate Specialist is a designation for REALTORS® to address the needs of home buyers and sellers, age 50-plus.

If you are buying or selling a home, contact

Rob Golfi SALES REPRE SEnTATiVE

905-575-7700

Call Today 905-945-0188

March 2015

The Golfi Team Real Estate Market Watch

Page 3

Rentals

LEASED

Rob Golfi*

LEASED

Great 2-storey home for Lease

Quick access to QEW

Views of Lake Ontario

Open concept fully upgraded two storey home. Large eat-in kitchen w/island, 3 large bedrooms. Walking distance to elementary schools and quick access to QEW. Credit Check, references & letter of employment required. Tenant to have contents and liability insurance. 7 Vanderburgh Lane, Grimsby

Beautiful 2 storey townhome for lease. 3 bedrm, 2.5 bath, hardwd flooring & ceramics, 9’ ceilings, berber carpet upstairs. Quick access to QEW. 1st & last month’s rent, credit check, references & letter of employment req’d. Tenant is to have contents & liability insurance. 16-541 Winston Road, Grimsby

Beautiful home on corner lot w/views of Lake Ontario! 4 BRs, 3.5 baths, fully finished basement, gas FP in living rm, oak staircase & seconds from QEW. Credit Check, references & letter of employment req’d. Tenant to have contents & liability insurance. 33 Montreal Circle, Stoney Creek

Want to Lease your Home? Call us Today at 905-575-7700 LEASED

LEASED

Large Home finished top to bottom

Walking Distance to amenities

Condo living in Grimsby

Large 1.5 storey home finished top to bottom. Main floor bdrm w/ensuite, updated kitch, vaulted ceilings & gas fireplce in living rm. Fully finished bsmnt, fenced yard w/lrg deck w/retractable awning. Seconds from QEW. Credit Check, references & letter of employment required. Tenant to have contents & liability insurance. 47 Riviera Ridge, Stoney Creek

1 BR basement apartment walking distance to all amenities for lease $1200 all inclusive w/1 full baths, eat in kitch, living rm w/lrg windows, sep. entrance, laundry rm, priv. patio. Furnace & A/C ‘14. Credit check, references & letter of employment req’d. Tenant to have contents & liability insur 2-180 Main Street West, Grimsby

Open concept corner unit w/loads of upgrades. Flr to ceiling windows in BR w/uninterrupted views of Lake Ontario & Toronto Sky Line. Engineered hardwd flr throughout, & Berber carpet in BR. Upgraded kitch & countertops w/new S.S. Appliances. Close to QEW & amenities 402-520 North Service Road, Grimsby

Homes For Sale Bungalows & Raised Ranches Two Storeys • Semis & Town Homes Hamilton EaSt

Hamilton mtn

Hamilton CtR

StonEy CRk upR

StonEy CRk lWR

GRimSBy

linColn

Bungalows/ Raised Ranches Starting at $159,900 16 Available

Bungalows/ Raised Ranches Starting at $179,900 39 Available

Bungalows/ Raised Ranches Starting at $87,900 12 Available

Bungalows/ Raised Ranches Starting at $289,000 5 Available

Bungalows/ Raised Ranches Starting at $224,900 16 Available

Bungalows/ Raised Ranches Starting at $329,900 21 Available

Bungalows/ Raised Ranches Starting at $169,900 21 Available

two Storeys Starting at $174,900 10 Available

two Storeys Starting at $239,999 87 Available

two Storeys Starting at $119,888 59 Available

two Storeys Starting at $389,900 25 Available

two Storeys Starting at $309,900 56 Available

two Storeys Starting at $309,900 19 Available

two Storeys Starting at $359,900 19 Available

Semis & town Homes Starting at $155,000 16 Available

Semis & town Homes Starting at $133,900 18 Available

Semis & town Homes Starting at $94,900 16 Available

Semis & town Homes Starting at $237,000 15 Available

Semis & town Homes Starting at $199,900 24 Available

Semis & town Homes Starting at $234,900 17 Available

Call Us Today for information on Any of these Homes!

905-575-7700 • 905-945-0188 www. GolfiTeam .com

Page 4

The Golfi Team Real Estate Market Watch

Hamilton, Stoney Creek Ancaster, Dundas & Glanbrook

March 2015

Rob Golfi*

Get inside and check this out!

Hot East Hamilton Bungalow!

Rare Find Duplex!

Raised Elevated Ranch in desired area. A little paint and elbow grease will make this one a winner! Home features 3 bedrooms, separate dining room and finished basement with rec room and separate office/den with entry to garage. Get inside and check this one out!. 24 Glen Cannon Drive, Stoney Creek, $329,900

3 bedroom home with eat in kitchen and living/dining room set up. Walk to new Centre Mall and schools. East highway access. Great for investor, renovator or first time buyer. Same owner for 40 years! 1309 Cannon Street East, Hamilton Ctr, $89,900

Main unit owner occupied w/2+1 BRs, fin. bsmnt w/BR & ensuite bath & rec-rm. Upper unit w/sep. entry, 2 BRs, bath, eat-in kitch & liv rm currently rented for $700/mth+hydro. Frnt dble mutual DR & detached garage. 29 Beland Avenue S, Hamilton East, $299,900

Has Tons of Character

Act Quickly!

Love to walk?

Large country lot in the city! This 3 bedroom home w/loft includes a professionally finished addition with windows overlooking the orchard and garage/workshop 28ft x 40ft. Entertainers dream complete with games room & wet bar. 324 King Street East, Stoney Creek, $599,900

1-1/2 storey home in fabulous mountain location. 3+1 bedrooms, 2 full baths, living room, dining room and rec room with lower 3pc bath. Dream 16x24ft garage with 220 service. Custom built gazebo screened in for summer. Parking for up to 6 cars. 359 Thayer Avenue, Hamilton Mtn, $289,900

GREAT HAMILTON EAST LOCATION!! Two bedroom, with two bathrooms, & eat in kitchen. Lots of updates, two car front parking with interlock brick. Walk to center mall and schools. Fenced yard with deck. 1329 Cannon Street East, Hamilton Ctr, $139,900

WATERFRONT

Quiet cul-de-sac with plenty of updates

Stunning Luxury Waterfront Home

Pristine Waterfront Home!

Prime location! Great 1.5 storey home in desirable Stoney Creek location. Updates include roof â&#x20AC;&#x2122;01, furnace â&#x20AC;&#x2122;06, new paint '14, new front deck '14, and large fenced yard. Huge driveway to build a large garage. Don't miss this one. It won't last! 14 Roselle Place, Stoney Creek, $324,900

Are you desiring the waterfront dream? This home checks all of the boxes to fulfill that wish. Nestled amongst towering trees with backyard pool overlooking Lake Ontario. Stunning! 24 Lakeshore Drive, Stoney Creek, $949,900

This expansive minimalist designed home will impress. Your family will love the open concept and views from the balconies that will take your breath away. 51 Windemere Road, Stoney Creek, $989,900

A slice of heaven

Stylish decor, contemporary updates

Bungalow Beauty!

Picturesque 3/4 acre country corner lot bungalow surrounded by pure nature. This home features pride of ownership with an open and inviting floor plan and sun filled rooms, finished basement, main floor laundry, updated shingles and furnace. 3226 Indian Trail, Ancaster $499,900

4+1 BR on a court location. Finished basement w/rec rm, full bath, kitch & walk up. Features engineered hardwd, crown moulding, California Shutters, covered patio. Updates: kitch w/granite, baths, C/A, furnace, most windows. 7 Lyngate Court, Stoney Creek Mountain, $494,900

Beautiful spacious 3+1 bedroom, 3 bath bungalow in prime Stoney Creek location. This property features hardwood and ceramic floors throughout, maple kitchen with pantry, ensuite, walk-in closet, central vacuum, central air, in-ground sprinkler, shingles 12/14, California shutters, fully finished basement, concrete drive and patio with shed. Close to QEW, schools, park and go station. 79 Napa Lane, Stoney Creek $544,900

Call Today 905-575-7700

March 2015

The Golfi Team Real Estate Market Watch

Hamilton, Stoney Creek Ancaster, Dundas & Glanbrook

Page 5

Rob Golfi*

Be your own boss!

The value is in the land!

Investors – Be your own landlord!

High Traffic corner location. Established Bowling Alley (5-pin, 2-levels) currently. Rear parking plus municipal. May be assembled with 418 Guelph Line for apx. 1 acre of land on busy corner. Do not go direct. Contact LA for details of assemblage. 422 Guleph Line, Burlington $2,000,000

The value is in the land – no showings on home. Call LBO for details. Seller says will entertain all offers. Not warranting room sizes. 132 Corman Avenue, Stoney Creek, $279,900

Fantastic opportunity to own a 12 unit apartment building. Windows & Furnace updates. 6-1 bedroom and 6-2 bedroom units. Separate meters. Tenants pay hydro. 3-7 Connaught Avenue South, Hamilton Centre, $999,000

The Newly Rich: How will your world change when downsizing creates a windfall?? You may never have imagined yourself sitting on a financial windfall and wondering what to do with it but many older Canadians who have lived through the housing market’s finest hours are facing just that. If the investment in your family home has paid off handsomely over your lifetime, there might come a time to lock in those gains. You could downsize and buy a cheaper home or condo — if you knew how long you might want to live in the property and if you don’t mind all the land transfer taxes and transaction costs. Or you could give yourself the flexibility of renting an equally nice home or condo. The question is – what do you do with it, and what do you need to think about, when that big cheque comes from the real estate lawyer?

Here are five things to think about: • What is your new annual budget going to look like? You will have major savings on annual house upkeep and repairs and no more realty taxes. You will have major new expenses with your monthly rent. Will this end up costing you $40,000 more a year or only $10,000 more or is it closer to a break even scenario? • In order to cover off annual spending, how much, if any, do you need to draw each year from your non-registered investments? The key is not to think about how much income does this need to spin off, but rather cash flow. This income focus is a mistake that many people make, and it sometimes leads to higher risk investments and almost always in much higher taxes. • Based on your current situation, what is the chance of you outliving your money? What is your likely estate value and lifetime tax bill? • Your tax bill is getting very big, and you need to figure out how to make it smaller. In addition to being forced to draw 7.59% of your RRIF value (based on age 73), you are now suddenly taxed on income and realized capital gains on investments. The good news on the investment front is that you can structure the portfolio to generate much less income, cut your tax bill, and possibly even keep your full Old Age Security payment in the process. At these times of positive financial change, it is important to think about how it could change your lifestyle, how your tax situation changes, what type of advice you might require, and how it might allow you to positively impact others. CREDIT: Ted Rechtshaffen, president and wealth advisor at TriDelta Financial

PLAN WISELY! Join us for a free Information Session Tuesday March 24th, 2015 from 6-8pm @ RE/MAX Escarpment 325 Winterberry Drive, Suite 101, Upper Stoney Creek Special Guests Include;

Rob Golfi - Realtor with Re/max Escarpment Golfi Realty, Inc Jeff Golfi - Realtor with Re/max Escarpment Golfi Realty, Inc Jason Aucoin - Investment Advisor TD Waterhouse Orlando Consoli, LL.B, TEP, MBA - Will & Estate Planning Advisor Michael Crosato, CFP, BA - Private Banker TD Wealth Please RSVP to admin2@golfiteam.com

www. GolfiTeam .com

Real Estate Agents Related to Buyer or Seller need Full Disclosure

his is a simple question, but not such an easy answer. I will give it a go. On occasion, a registered real estate professional may be related to the buyer or the seller of a home. The agent could also be the buyer or seller. This is acceptable so long as the real estate rep follows rules set out in the legislation that regulates the real estate brokerage industry. The general rule is that if the real estate professional is related to the buyer or the seller of the property, he or she has to disclose the relationship in writing to all other parties to the purchase and sale agreement. This rule applies whether or not the other parties to the transaction are clients or customers of the real estate professional’s brokerage. Similarly, if the real estate agent has some sort of an interest in the property, he or she has to disclose this relationship before an offer is made. For example, if the representative is related to the seller, the rep has to disclose this to the buyer in writing. Likewise, if the real estate professional is related to the buyer, the professional has to disclose this in writing to the seller. Consumers and real estate professionals should note that the legislation governing real estate defines “related to” as including someone related by blood, adoption, through a conjugal relationship or even a business relationship. Furthermore, if the real estate agent, or someone related to the professional, has an interest in the property being bought or sold, then they have to disclose this in writing to the buyer or seller. An interest in a property could include the real estate professional owning the property in question. An interest could also include the real estate professional having indirect ownership of the property because of another personal or business relationship. In all cases, disclosure of the real estate professional’s interest in the property has to be made in writing at the earliest practical opportunity, and before any offer is made. For you as the consumer, like with any else, feel free to ask your registered agent if they have any personal relationship with the buyer or seller or a business interest in the property. You might also ask them to put the same question to the representative on the other side, too. You never know what might come out and what might affect your comfort level as you considour comfort leveler a particular property. CREDIT: Joseph Richer is Registrar of the Real Estate Council of Ontario (RECO).

Page 6

The Golfi Team Real Estate Market Watch

Grimsby, Lincoln West Lincoln & Niagara

March 2015

Rob Golfi*

Large Bedrooms!

9 ft Celings!

Open Concept Freehold

3 storey 1520 sq.ft. freehold townhome features 9ft. ceilings, 3 great size bedrooms, master with ensuite and walk-in closet, large eat in kitchen, rear yard backs onto pond, 1.5 car garage and minutes to all amenities. To be built. Taxes are “not set”. 5074 Cassandra Drive, Unit 12, Beamsville, $319,900

3 storey 1800 sq.ft. freehold townhome features 9ft. ceilings, 3 great size bedrooms, master with ensuite and walk-in closet, large eat in kitchen, rear yard backs onto pond, double car garage and minutes to all amenities. To be built. Taxes are “not set”. 5072 Cassandra Drive, Unit 11, Beamsville, $309,900

Beautiful 3 bedroom freehold townhouse offering approx 1740 sq.ft. of living space. Large eat in kitchen, open concept living room/dining room, update flooring, freshly painted, large master bedrm, storage closet, finished lower level with walkout to backyard. 4383 Arejay Avenue, Beamsville, $234,900

Prime Corner Unit!

Location! Location!

In-Law Setup

2 bedroom home, 2 bathrooms, ensuite laundry, underground parking, large living room, eat in kitchen, and gas heating. Move in ready, great views of the escarpment, walk to town, and easy highway access. 56 Kerman Avenue Unit#214, Grimsby, $249,900

Large 4 bedroom family home in a great location with easy access for a bus to Brock University, schools, and highways. Updates include roof 04, furnace 09, large attached garage, big yard and more. Great location for students or a great family neighbourhood. 36 Cartier Drive, Thorold, $259,000

Newly built 2 storey home, with in-law sitting on nearly 30 acres. 3 bedrm home w/ open concept living, 1 bedrm in-law w/ basement rec rm. Original barn, 43x24 ft garage/workshop & office. Property borders Twenty Mile Creek, beautifully picturesque. 4426 Regional Road 69, St Anns, $849,900

Popular Townhouse Community

Charmer in Port Dalhousie!

Unique, Stylish & ready to Move In

Open concept living & walk-out to balcony & views of Lake Ontario. Well-appointed with 2 bedrms, den, hardwd flrs, appliances incl & quick closing. Close to waters edge, parks & highway access. 541 Winston Road, Unit 80, Grimsby, $274,900

Main floor with living rm, dining rm, 2 bedrms, bathrm, eat-in kitchen, family rm w/fireplace & views of inground pool & deep lot. Separate master bed upstairs. Newer updates windows, shingles, furnace/a/c & pump filter. 178 Main Street, St Catharines, $279,900

This former church has been completely renovated to include 3 possibly 4 bedrooms, open concept living room/ kitchen. Master bedrm creatively situated in one of two loft areas complete w/bathroom ensuite. Possibilities to work at home w/large family room area perfect for multiple uses! 10 Page Street, Port Colbourn, $239,900

WATERFRONT

Prestigious Neighbourhood

Rare find - this Exclusive waterfront lot in private enclave.

5 bedroom home on the most prestigious street in Niagara Falls includes in-law w/nanny suite, in-ground pool, sunroom w/built in hot tub, landscaped yard w/sprinkler system, eat in kitch, family room w/wood fireplace. Updates: roof ‘12, Furnace ‘13, AC in in-law suite, Water pump 14, interior & exterior painted in ‘12. 10185 Niagara River Pkwy., Niagara Falls, $849,900

Looking for the right neighbor to build a luxury dream home on 140 x 183 ft. lot. Exclusive listing to the Golfi Team. Beautiful Waterfront lot sitting on 140 x 183 ft. lot on private cul-de-sac on the shores of lake Ontario, services include sewers, water and gas to lot line. 143 Lake Street, Grimsby, $955,000

Dorchester Estates sweet spot! Spectacular custom built home backing onto the escarpment offering in-ground salt water pool, hot tub, on a prestigious court. Features granite kitch counters, porcelain tiles, stainless steel appliances, main flr LR/DR, den or office, bonus great rm, hardwd flrs, lrg master suite. 28 Heathcote Court, Grimsby $829,900

Call Today 905-945-0188

March 2015

The Golfi Team Real Estate Market Watch

Grimsby, Lincoln West Lincoln & Niagara

Page 7

Rob Golfi*

WATERFRONT

Due Diligence Required

Beautiful lakefront property!

Bragging rights for owning a piece of perfection!

One Acre - Just the right size property– easy to maintain and nicely private!

Executive 2-storey home backs onto green-space! 1-1/2 year old home 3+1 bedrm with main floor master suite, stylish kitchen, butler’s walk-in pantry, separate dining room, finished basement, office, games rm, rec rm & walk-out. 154 Forest Ridge Court, Welland $659,900

Enjoy country living only minutes from downtown and QEW. 3+1 bedrm home boasts large eat-in kitchen, liv rm w/ fireplc, main floor family rm w/ walk-out to deck. Fully finished bsmt w/ large rec room/fireplc + add’l bedrm/office. Oversized garage, small barn in fully fenced backyard w/ above grd pool + pond! 262 Mountain Road, Grimsby, $344,000

8 acres of Merlot currently planted with Water Views!

Lakefront with 16 acres of vines already planted!

Water Views! Approx 19 acre parcel with fantastic views of the water. Farmhouse currently rented. Great opportunities! Can be purchased with adjoining Sann Road property. Great Opportunity! 4558 Lakeside Drive, Beamsville, $1,899,900

Approx 21 acres property. Build your dream on lakefront parcel or create your own winery. Can be purchased with adjoining Lakeside Dr property. Great Opportunity! 4921 Sann Road, Beamsville, $2,299,900

Room for busy family!

Move in and put your feet up!

Country living in Grimsby

Approx. 3000 sq ft home w/ in-law set up & walk out from basement. Features grand foyer w/ circular oak staircase, 4 oversized bedrms, finished basement kitchen, bathrm & 2nd laundry. Home updated with new carpet and ceramics. 4349 Birchmount Avenue, Beamsville, $459,900

This 3 bedroom well maintained bungalow boasts recent updates including kitchen, flooring, bathroom, windows, concrete walkway & steps with maintenance free railing. Enjoy the spacious family room and above ground pool in the backyard. 7260 Sixteen Road, West Lincoln, $354,900

2.35 Acres of good living. Property features a storey & a half home w/ updated large country kitchen, good size living rm & dining rm. Main floor also featuring 2 bedrms & main bathrm. Master bedrm upstairs. Let the kids run on the large property with paddocks and 2 barns. 572 Ridge Road West, Grimsby, $549,900

Double car garage with 1 bedroom apartment, in-ground pool (as is) and garden. Landscaped yard leads to beach. Buyer to do “due diligence” with building permits, zoning, site influences, conservation authority and property restrictions. Municipal services available at the road. Taxes “not set”. 47 Lakeside Drive, St. Catharines, $379,900

Own your own vineyard! Approximately 28 Acres Parcel with 24 acres of vineyard planted. 6 Acres-Sauv Blanc, 6 Acres-Gamay, 5 Acres-Cab Sauv, 5 Acres-Merlot, 1 Acre-Chardonnay, 1 Acre-Sauv Coronation. Home has had some interior updates & new 3500 gallon cistern. 4266 Greenlane, Beamsville, $1,399,900

VACANT COMMERCIAL LOT

Turn of the century character home!

Vacant Commerical Lot – NEW PRICE!

Beautifully finished with rich trim, crown mould, warm hardwoods, French doors, character front porch. Granite kitchen counter, added on family room with kitchenette & office. Carriage house perfect for the live/work environment. 3869 Victoria Avenue, Vineland, $399,700

VACANT COMMERCIAL LOT 40x140 ft. located walking distance to downtown Beamsville and QEW. Services are on the road. Call Rob Golfi today at 905-945-0188 for a private viewing. Thank you for visiting my website and I look forward to hearing from you. 4946 Maple Avenue, Beamsville, $79,000

www. GolfiTeam .com

WATERFRONT

The Muskoka house – If you like living on the water with no yard maintenance BIGGER THAN IT LOOKS! 2200 sq ft completely rebuilt Waterfront retreat w/180-degree views of Lake feat. 3 bedrms & 2 baths. Large master w/ensuite, two main floor bedrms, 3pc powder rm, two-level living area, spacious dining rm, & over sized chefs gourmet kitch. You will love this freehold property! 1-11th Street, Grimsby, $899,900

Page 8

The Golfi Team Real Estate Market Watch

March 2015

Luxury Homes & Waterfront Properties

Rob Golfi*

WATERFRONT

Stunning Luxury Waterfront Home

Prestigious Neighbourhood

Pristine Waterfront Home!

This expansive minimalist designed home will impress. Your family will love the open concept and views from the balconies that will take your breath away. 51 Windemere Road, Stoney Creek, $989,900

Entertain in elegant Georgian style! Classic Georgian Colonial Manor with picturesque tree-lined private driveway. Featuring gleaming hardwd, entertainers kitchen, stunning great room with 14 ft ceiling, and custom millwork and trim thru-out. Upstairs you will find 4 spacious bedrms all featuring their own ensuite, as well as bedroom level laundry. 6195 Milburough Line, Burlington, $1,799,999

WATERFRONT

8 acres of Merlot currently planted with Water Views!

The Muskoka house – If you like living on the water with no yard maintenance

Approx 19 acre parcel with fantastic views of the water. Farmhouse currently rented. Great opportunities! Can be purchased with adjoining Sann Road property. Great Opportunity! 4558 Lakeside Drive, Beamsville, $1,899,900

BIGGER THAN IT LOOKS! 2200 sq ft completely rebuilt Waterfront retreat w/180-degree views of Lake feat. 3 bedrms & 2 baths. Large master w/ensuite, two main floor bedrms, 3pc powder rm, two-level living area, spacious dining rm, & over sized chefs gourmet kitch. You will love this freehold property! 1-11th Street, Grimsby, $899,900

WATERFRONT

Due Diligence Required

Rare find - this Exclusive waterfront lot in private enclave. Looking for the right neighbor to build a luxury dream home on 140 x 183 ft. lot. Exclusive listing to the Golfi Team. Beautiful Waterfront lot sitting on 140 x 183 ft. lot on private cul-de-sac on the shores of lake Ontario, services include sewers, water and gas to lot line. 143 Lake Street, Grimsby, $955,000

Beautiful lakefront property! Double car garage with 1 bedroom apartment, in-ground pool (as is) and garden. Landscaped yard leads to beach. Buyer to do “due diligence” with building permits, zoning, site influences, conservation authority and property restrictions. Municipal services available at the road. Taxes “not set”. 47 Lakeside Drive, St. Catharines, $379,900

Custom built home with Equestrian Hobby Farm on 37 Acres Features nanny's quarters or 2 bedroom in-law suite, 2 fireplaces, gourmet kitchen, ceramics, vaulted ceilings, inground pool, 3 car garage. Barn with 13 stalls, 4 paddocks & a 60x140 arena. Minutes from town! 342 Kemp Road West, Grimsby, $959,900

Call Today 905-575-7700

March 2015

The Golfi Team Real Estate Market Watch

Page 9

We SELL more... because we DO more!

77.21 Acres of prime flat farm land

Welland News! Rare find:

Great for young family

Very productive prime flat farm land sitting on 77.21 acres in a great location on Grimsby mountain, no fence lines, well drained. Build your dream home on Church St. or Kemp Rd. 348 Church Road, Grimsby $619,900

A small, two storey condo townhome completely renovated backing onto walking trail. New carpet, lighting, polished hardwood floors and fresh paint throughout. 2 spacious bedrooms with private balconies. Concrete block construction and dedicated parking. Shows brand new! 810 Clare Avenue, Unit 4, Welland, $184,900

2 storey home has 3 bedrooms, eat-in kitchen, main floor living room, dining room, family room and laundry. Large backyard w/above ground pool and deck. Updates include kitchen, bathroom, most windows, furnace, central air, siding, fascia, soffits and eaves. 4981 May Street, Beamsville, $299,900

Stylish decor, contemporary updates

Tired of seeing expensive homes on tiny lots?

The value is in the land!

This home noticeably wide lot and over 260 ft deep will give you all the real estate you need to make your back yard into your paradise. 2 master suites, designer kitchen with butler & walk-in pantries. Complete package with desired finishes and features. 6246 Tesla Court, Niagara Falls, $649,900

The value is in the land – no showings on home. Call LBO for details. Seller says will entertain all offers. Not warranting room sizes. 132 Corman Avenue, Stoney Creek, $279,900

THE ULTIMATE SELLING TEAM RoB GolFi SALES REPRESEnTATiVE

SHARON StAFFORD

HANS MARCELISSEN

WENDY MURRAYNICHOLSON

MIKE MCNEIL

LAURA BIELAK

JENNIFER DRAHO

PENNY CIARDELLI

HANK BALFOORt

DAN GOLFI

JEFF GOLFI

ASHLEY SIDLER

ALLISON PARK

ERIC PINI, B.A.

BROKER OF RECORD

www.Golfiteam.com | 905.575.7700 |1.800.288.9184

YOUR HOME

SOLD

GUARANTEED* OR WE BUY IT

www. GolfiTeam .com

*Certain conditions apply

Page 10

The Golfi Team Real Estate Market Watch

March 2015

Marketplace Jacqueline Paradisi

HOME STAGING Mortgage Amount

OUR SERVICES: • • • • •

home evaluation and color consultations home staging redesign real estate photography and advertising personal shopping for home décor and decorating • Feng Shui consultations

! NEW Real Estate package special:

Sandra Bahoric

Certified home staging and redesign professional, Member of RESA

905.912.8781

homesmartsstaging.ca

• home evaluation consultation with color consultation • HD Real Estate photography and aerial photography

Monthly Payment

Bi-weekly Payment

200,000

671.89

309.96

220,000

739.08

340.95

240,000

806.27

371.95

260,000

873.46

402.95

280,000

940.65

433.94

300,000

1,007.84

464.94

320,000

1,075.03

495.93

340,000

1,142.21

526.93

360,000

1,209.40

557.92

2.05%

As of February/March 2015 OAC

Call Home Smarts now for a free intro consultation!

Real Estate Lawyer

Paul Lewis Settimi

Barrister, Solicitor and Notary Public 8 Main Street East, Suite 303 Hamilton, Ontario L8N 1E8 Bus: 905-527-0808 Fax: 905-527-0774

20 Main Street West Grimsby, Ontario L3M 1R4 Bus: 289-235-7500 Fax: 905-527-0774

paul.settimi@cogeco.net

Buying a home through us? provides “Peace of Mind”

Visit us today at

WINNER

www.GolfiTeam.com Crossword Solution

Call Today 905-575-7700

March 2015

The Golfi Team Real Estate Market Watch

Homeowners’ Title Insurance can differ per policy It is a common understanding among real estate lawyers that residential title insurance will provide protection against municipal work orders and building bylaw violations discovered by buyers after they purchase a home. But it turns out that not all title insurers offer this protection. The issue came to light back in April, 2006, when the Macdonalds bought a house in Toronto which had been renovated before they purchased it. They later discovered that, during the renovation, load-bearing walls had been removed, making the second floor unsafe to use. No building permit had been issued for the alterations. In November, 2013 the City of Toronto issued a work order requiring work to support the floor structure. The Macdonalds did the work and made a claim for the costs under their Chicago Title policy. The policy itself provides insurance coverage for itemized risks if they affect title on or after the date of the policy, including expenses to repair the structure because of any outstanding notice of violation. Yet Chicago Title denied the Macdonalds coverage on the basis that it was not covered by the policy. In October, the couple applied to the Superior Court for a summary judgment. They asked the court for a declaration that they had coverage under the policy, and that the insurer was obligated to compensate them. The judge ruled the municipal work order was not a risk covered in the policy because it did not affect the Macdonalds’ “ownership of the land” and therefore did not fall within the definition of “title” in the Chicago Title policy. The judge’s reasoning was based on the fact that the

work order was not registered by the city against the title to the property. The judge was apparently unaware that work orders are never registered against title. In his decision, Justice John Macdonald (no relation) noted that the owners have the “entire right, title and interest” in the house “just as they did before they knew of the deficient and dangerous nature of what they purchased. Their title is as marketable now as it always was. In Ontario, work orders, even though not registered on title, continue to affect a property after ownership is transferred. Historically, Ontario lawyers included a municipal search for outstanding work orders in their due diligence for a property purchase. Often, this search is no longer necessary based on the assumption that title insurance will protect the owner against whatever a search would have revealed. In December, the application for summary judgment and the court case itself were both dismissed. Gavin Tighe, lawyer for the Macdonalds, has filed a notice of appeal. Would a similar claim have been honoured by other title insurers? I was advised by a representative of TitlePLUS that their standard policy wording would have protected the owners. I believe that policies issued by Stewart Title and First Canadian Title would also have covered this situation. The lesson to be learned from this case is that buyers and their lawyers should always review the wording of their title insurance policy, and choose their insurers very carefully. By Bob Aaron, Toronto real estate lawyer, bob@aaron.ca

Crossword puzzle (Solution on Page 10)

Page 11

MARKET ACTIVITY in Selected RAHB Areas – January 2015 Areas

Number of Sales 2014 2015

Hamilton West Hamilton East Hamilton Centre Hamilton Mountain Burlington Ancaster Dundas Flamborough Waterdown Stoney Creek Grimsby Glanbrook Dunnville (61) Caledonia

38 40 71 91 193 34 13 17 19 43 23 12 8 8

26 51 69 93 162 26 13 22 10 54 17 11 4 4

Average Sale Price 2014 2015 $323,692 $197,613 $172,706 $303,454 $481,956 $517,497 $347,823 $516,647 $453,758 $360,353 $348,500 $376,004 $169,750 $169,750

$340,717 $217,661 $213,049 $321,943 $517,262 $518,469 $487,865 $636,759 $468,229 $381,046 $392,036 $458,561 $206,138 $206,138

Note: Numbers of sales represents sales reported on properties listed on the Multiple Listing Service (MLS®) of the REALTORS® Association of Hamilton-Burlington. Average sale price is calculated by dividing the total dollar volume of sales (not shown) by the number of sales in that month.

Senior Downsizing WE GUIDE YOU THROUGH THE ENTIRE PROCESS Pamela Culp Blanchard Cell: 905-971-9568 www.seniordownsizing.ca

SUDOKU 5

8 7

1 9

5 4

6 1

the Solution 3

4 1 9 8 3 2 6 5

6 8 9 4 3 7 5 1 2

3 5 4 1 2 9 8 7 6

2 1 7 5 6 8 3 4 9

1 9 5 8 7 6 4 2 3

4 2 6 3 1 5 9 8 7

8 7 3 2 9 4 6 5 1

www. GolfiTeam .com

2 Wee total (anag) — drier (3,5) 3 Correct (5) 4 agricultural storehouse (7) 5 add up (5) 6 tell iRa (anag) — word for word (7) 7 Foam from detergent (4) 11 one engaged in dispute — cowboy — Cambridge mathematician with a first-class degree (8) 13 Caribbean island — liqueur (7) 14 public transport going back and forth between two points (7) 16 Sporting team — police unit (5) 17 trysts (5) 18 Cut into small cubes (4)

3 5

1 Good poker hand (8,5) 8 plinth (4) 9 Height (8) 10 megaphone (10) 12 peevish (6) 14 Earnings (6) 15 Decisive (10) 19 British peer (8) 20 Converse (4) 21 to a very great extent (6,7)

Down

Across

Fill in the grid above, so that each row of 9 squares, each column of nine and each section of nine (three squares by three) contains the numbers 1 through 9 in any order. there is only one solution for the puzzle and the numbers shown can not be changed.

AN EW

N B

Enter via Mail

(include this card):

name: _________________________________________ address:________________________________________ City & pC: ______________________________________ Email:__________________________________________ phone number: ________________________age: ______ mail to the Golfi team Re/max: 664 Fennell avenue East, Hamilton, on l8V 1V1.

Submit your entries by March 23, 2015 www.GolfiTeam.com Call Today 905-575-7700

YO UC

OU LD

IK E !*