MarketWatch MAY 2015 04/05/15 12:09 PM Page 1
WHAT’S INSIDE: Helping your kids buy a home? Keep emotions out of the mix. PAGE 9
HOMES FOR SALE | PAGE 4 Hamilton, Stoney Creek, Ancaster, Dundas & Glanbrook LUXURY & WAtERFRONt | PAGE 8
HOMES FOR SALE | PAGE 6 Grimsby, Lincoln, West Lincoln & Niagara
May 2015 - Vol 76
$100,000 over asking The Hamilton real estate market is definitely one of the hottest in the country! Hamilton’s smoking hot real estate market generated what is believed to be a record-setting sale in April when an agent with the Rob Golfi sales team sold the Stinson neighbourhood house for $100,000 over its $199,000 asking price. That’s a 150 per cent jump over the home’s list price. What makes the sale even more remarkable is the fact that the home – a typical two-and-ahalf storey red brick located east of downtown – is not in a particularly fashionable neighbourhood of Hamilton and it needs some work. While selling features included original hardwood, doors and trim, the Grant Avenue three-bedroom house saw few improvements over its 100plus years. Still, that didn’t deter the nine interested buyers who placed an offer on the house, which was on the market for six days. “The Hamilton real estate market is definitely one of the hottest in the country,” says Golfi, who leads a 15member team of agents for Remax Escarpment. “This sale was quite a coup. I’ve been in real estate for 16 years and even I was shocked by it.” Aiming for a price of $230,000, Golfi and listing agent Laura Bielak aggressively priced the house and held back offers for a week. They
HOME EVALUATION NO COST • NO OBLIGATION 905-575-7700
905-945-0188
couldn’t believe their eyes when the $300,000 offer came in with no conditions. Golfi says the buyer was likely tired of losing out on other properties and was determined not to let it happen again. The practice of holding back offers is commonly used in brisk real estate markets. The seller sets the price at or below market value in an effort to generate significant interest. A time is typically set when the seller will accept bids on the property. The technique often results in bidding wars in which buyers pay more – sometimes incredibly so – than the asking price. "We're seeing big leaps in bidding wars in central Hamilton now," he says. "The market is heating up very nicely there.” These inner-city neighbourhoods are appealing to buyers thanks to lower prices, proximity to the GTA and public transit. Not only do home owners want relief from Toronto real estate prices, but so do investors looking to realize a higher return on their money. “In certain markets it’s hard to find a house you want because inventory is quite low,” Golfi says. “Often, when that happens, you’ll find you’re competing with ten other buyers who also love the same house.”
MarketWatch MAY 2015 04/05/15 12:09 PM Page 2
Page 2
The Golfi Team Real Estate Market Watch
May 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
MarketWatch MAY 2015 04/05/15 12:09 PM Page 3
May 2015
The Golfi Team Real Estate Market Watch
How to Sell a Home That Didn’t Sell
MUST SELL • • • •
Estate Sales Bank Foreclosures Company-Owned Properties Distress Sales
Free List with Pictures www.HamiltonDistressSales.com
HAMILTON/NIAGARA – If your home has just come off the market and hasn’t sold, don’t be discouraged. The reason your home did not sell may have nothing to do with your home or the market. In reality, your home may have been one of the most desirable properties for sale. So Why Didn’t Your Home Sell? Last year almost half of the homes listed for sale never sold at all, and many sellers found that there was a tremendous amount a homeowner needed to be educated on to sell their home for top dollar in the shortest time period. Don’t risk making the wrong choices and losing both time and money on your investment. Before you hire a realtor, know the right questions to ask to save you time and money. Industry experts have prepared a free special report called “How to Sell a House that Didn’t Sell” which educates you on the issues involved. Please visit www.CouldntSell.com
Fixer-upper HOMeS FOr SALe These homes need work. Free list with pictures. www.HamiltonFixerUpper.com
11 Critical Home Inspection Traps To Be Aware Before Listing Your Home For Sale HAMILTON - According to industry experts, there are over 33 physical problems that will come under scrutiny during a home inspection when your home is for sale. A new report has been prepared which identifies the eleven most common of these problems, and what you should know about them before you list your home for sale.
Whether you own an old home or a brand new one, there are a number of things that can fall short of requirements during a home inspection. If not dealt with, any of these 11 items could cost you dearly in terms of repair. That’s why it’s critical that you read this report before you list your home. If you wait until the building inspector flags these issues for you,
you will almost certainly experience costly delays in the close of your home sale or, worse, turn prospective buyers away altogether. In most cases, you can make a reasonable preinspection yourself if you know what you’re looking for, and knowing what you’re looking for can help you prevent little problems from growing into costly and
unmanageable ones. To help home sellers deal with this issue before their homes are listed, a free report entitled “11 Things You Need to Know to Pass Your Home Inspection” has been compiled which explains the issues involved. To order your free copy of this report visit www. HamiltonInspectionPitfalls.com
Page 3
27 Quick & Easy Fix Ups to Sell Your Home Fast and for Top Dollar HAMILTON/NIAGARA – Because your home may well be your largest asset, selling it is probably one of the most important decisions you will make in your life. And once you have made that decision, you’ll want to sell your home for the highest price in the shortest time possible without compromising your sanity. Before you place your home on the market, here’s a way to help you to be as prepared as possible. To assist homesellers, a new industry report has just been released called “27 Valuable Tips That You Should Know to Get Your Home Sold Fast and for Top Dollar.” It tackles the important issues you need to know to make your home competitive in today’s tough, aggressive marketplace. Through these 27 tips, you will discover how to protect and capitalize on your most important investment, reduce stress, be in control of your situation, and make the most profit possible. In this report you’ll discover how to avoid financial disappointment or worse, a financial disaster when selling your home. Using a common-sense approach, you get the straight facts about what can make or break the sale of your home. You owe it to yourself to learn how these important tips will give you the competitive edge to get your home sold fast and for the most amount of money. How to order your free copy of this report, check us out online at
www.hamilton27tips.com
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 $105,000 33 Available
Bungalows/ Raised Ranches Starting at $169,900 51 Available
Bungalows/ Raised Ranches Starting at $64,900 18 Available
Bungalows/ Raised Ranches Starting at $419,999 5 Available
Bungalows/ Raised Ranches Starting at $224,900 23 Available
Bungalows/ Raised Ranches Starting at $299,900 22 Available
Bungalows/ Raised Ranches Starting at $234,900 21 Available
two Storeys Starting at $189,900 19 Available
two Storeys Starting at $249,900 93 Available
two Storeys Starting at $119,888 80 Available
two Storeys Starting at $399,999 28 Available
two Storeys Starting at $279,900 71 Available
two Storeys Starting at $339,900 39 Available
two Storeys Starting at $319,900 35 Available
Semis & town Homes Starting at $154,997 16 Available
Semis & town Homes Starting at $148,000 32 Available
Semis & town Homes Starting at $84,900 28 Available
Semis & town Homes Starting at $232,900 13 Available
Semis & town Homes Starting at $184,900 30 Available
Semis & town Homes Starting at $244,900 11 Available
Semis & town Homes Starting at $188,500 23 Available
Call Us Today for information on Any of these Homes!
905-575-7700 • 905-945-0188 www. GolfiTeam .com
MarketWatch MAY 2015 04/05/15 12:09 PM Page 4
Page 4
The Golfi Team Real Estate Market Watch
Hamilton, Stoney Creek Ancaster, Dundas & Glanbrook
May 2015
Rob Golfi*
Bright Warm and Inviting
Trendy Stinson area
Great Stoney Creek core family friendly home in great neighbourhood near schools, parks and shopping. Features gorgeous hardwood floors on main floor, showcase fireplace in sunken family room with sliding doors leading to large fenced backyard, and finished rec-room. Updates include bathroom, furnace. 14 Ellington Avenue, Stoney Creek | $369,900
Turn this 2.5 storey back to a single family home and add character to it. Has a finished loft. Furnace approximately 6 years old. Appointments Apr 25 and 26th from 10-12am, 24pm, 6-7pm and Apr 27th and 28th from 11-3pm, 5-7pm. Offers Apr 29th 12:30pm. Being sold “as is”, “where is” no measurements due to tenants denying access 129 Grant Avenue, Hamilton | $249,900
Opportunity is knocking!
Quiet lakeside neighbourhood condo
Just amazing in every respect
Use attached APS and schedules B, C. No offers til April 26, 2015. 3 business days irrevocable please. Property being sold “AS IS” “WHERE IS.” Do not turn water on, all room sizes approximate 205 – 7.5 Madison Avenue, Hamilton | $89,900
Immaculate 1200 sqft., 2 BR unit in fantastic condition has open & inviting flr plan w/vaulted ceilings. Features oversized great rm w/gas fireplace & lrg windows looking out to gorgeous Lake Ontario, sliding door leading to balcony. Avail. for immed. occupancy. 515 North Service Road, Unit #58, Stoney Creek | $399,900
THIS CONDO UNIT is a stunning ground floor 2 bedroom bungalow, offers $60,000 in luxury finishes, custom kitchen with granite counters, gas fireplace, professionally finished basement, ensuite bath with glass shower and air jet tub, closet organizer. 515 North Service Road, Unit #57, Stoney Creek | $449,900
Escarpment location, opportunity knock!
Spectacular – Must See!
Attention downsizers, first time buyers and investors!
Beautifully updated 1.5 storey with built-ins and a fabulous kitchen with breakfast bar, private rear yard w/a large deck. Main floor bedroom and 4 piece bath. Basement has 3 piece bath and two bedrooms. Garage w/hydro. 283 Province Street, South, Hamilton | $289,900
Immaculate 4 bedroom, 2 storey home on quiet street, hardwood and ceramic on main floor, main floor laundry, sep. dining, fully finished basement with 2 piece bath, rec room, and games room, Beautifully landscaped front, side and rear yard. 46 Springbreeze Heights, Stoney Creek | $549,900
Newly renovated top to bottom, inside & out! Two story home steps to mountain brow, 4 BRs, 3 full & 1 half baths, oversized fully fenced yard w/party deck, new maple kitch w/granite & island, sep. dining rm, main flr ldry. New roof, windows, doors, flooring, electrical…& more. 65 Sunning Hill Avenue, Hamilton | $689,900
Handy Downtown bungalow, 2 bedroom, furnace in 2011, windows in 2011 and roof in 2000. Close to buses, entertainment and shopping. Being sold "as-is, where-is.” 213 Rebecca Street, Hamilton | $169,900
Cute bungalow, ready to move in
Rare find duplex!
Dream hobby farm for horse lovers!
Previously a 3 BR can easily be converted back. Roof & eaves ‘14, York high efficiency furnace, most wdws updated, recent deck & fence, upscale bath, new weeping tiles outside & inside on 2 walls, updated circuit breaker panel, parking in back with gate for 2 cars. Walking distance to the new Go station. 85 Elgin Street, Hamilton | $249,900
This property is located in East Hamilton close to all amenities. Features separate hydro meters, 25 year shingles (2011), furnace & A/C (2012), basement windows (2003), main floor and 2nd level windows (2000). In-law suite. Upper unit currently rented for $700/mth. Can rent for more, vacant possession is no problem. 29 Beland Avenue, South, Hamilton | $299,900
Scenic 37+ acre property w/lrg home, barn (4 'soft mat’ stables), & run-in. Close to HWY access & city conveniences. Beautiful eat-in kitch, living rm w/wood stove, lrg foyer, 3 BRs & many extras. 2832 Glancaster Road, Ancaster | $824,900
Call Today 905-575-7700
MarketWatch MAY 2015 04/05/15 12:09 PM Page 5
May 2015
The Golfi Team Real Estate Market Watch
Hamilton, Stoney Creek Ancaster, Dundas & Glanbrook
Page 5
Rob Golfi*
WaTerFrONT
Waterfront gem!
A slice of heaven
Prime Rosedale location
Romantic waterfront home, this custom built gem in private cul-de-sac features, no lawn maintenance w/private pool & balcony something you see in a travel magazine. Open and inviting floor plan, with large sunny bright window, riparian rights and shore protection in place. 8 Trillium Avenue, Stoney Creek | $1,100,000
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 | $484,900
Amazing lot. Home features large rooms, French doors, separate dining room, 2 baths, gas fireplace, attached garage and concrete drive. Updates include updated kitchen, furnace 2005, central air 2013, windows, roof (2009), freshly painted. Won’t last! 131 Rosedale Avenue, Hamilton | $299,900
WaTerFrONT
Build any size home you want. FABULOUS FIND - Prestigious 3 acre lot with a 230 ft. frontage and 550 ft. deep. Existing home upgrades include windows, roof, furnace, air conditioning, siding drilled well and electrical all within the past 10 yrs. Property also has cistern but not used at the present time. 764 Fiddler’s Green Road, Ancaster | $569,900
Over 1 acre
Immaculate. Open concept. Custom. Need we say more? 4 bedroom custom built Maple Crest home in Ancaster, approx. 3000 sq. feet, ceramics and oak hardwood on main fl. Dream kitchen, gorgeous in-ground heated salt water pool, & landscaping. No disappointments! 4 Pickard Avenue, Ancaster | $774,900
Live on the beach!! 135 feet of unobstructed view. All season sunroom w/Lake views. Gorgeous second floor deck overlooking Lake Ontario. Many updates include flooring, kitchen, windows, fencing and driveway. Private parking off Dexter, last driveway on the North side. 7 Woodland Avenue, Hamilton | $599,900
WaTerFrONT
Custom Built 2 Bedroom all brick home
Modern minimalist design!
The word “Plateau” is in its namesake.
Sitting on one acre with 3 car garage, home features large living room, kitchen with granite counters, large island, high end stainless steel appliances, main floor laundry, large master bedroom, and second kitchen. Hard wood flooring throughout. 1489 1/2 – Highway #8, Stoney Creek | $549,900
3300 sq ft lakefront home. Modern minimalist design with 3 bedrooms, open concept principle rms, balconies on 2 levels across the back of the home, tons of windows to maximize light. Breakwall extra high construction. 51 Windemere Road, Stoney Creek | $989,900
Custom home built on half acre lot. Fully finished basement w/second kitchen, 2 cold cellars & walk out, oversized Barzotti kitch w/sliding drs leading to pool sized fenced lot, sunken family room, dining rm large enough for any size family. 36 Hilts Drive, Stoney Creek | $749,900
WaTerFrONT
FREE Home Evaluation
Fulfill your waterfront dream! Lakefront! 3000 sq ft 3 bedrm, 2 storey. Updates include kitchen with granite, marble floors, windows, ensuite. Centre hall plan with separate dining room, main floor laundry, main floor family room. Stunning 79 ft frontage on private road. 24 Lakeshore Drive, Stoney Creek | $949,900
Get your home sold Fast!
905.945.0188
www. GolfiTeam .com
MarketWatch MAY 2015 04/05/15 12:09 PM Page 6
Page 6
The Golfi Team Real Estate Market Watch
Grimsby, Lincoln West Lincoln & Niagara
May 2015
Rob Golfi*
49 Acre hobby farm, 30 acres are bush
Beautifully updated family home
Escarpment views!
This property features a 35x55 ft. galvanized steel barn, large parking or truck yard with stone and asphalt grindings on top, large 42 ft. drilled well plus Cistern, 3 level side split with large family room addition built in 1968, and high basement. Needs a little bit of work to get it looking lived in again. Available for immediate occupancy. 7683 Young Street, West Lincoln | $579,900
Updated 3 bedrm family home in great location of Grimsby. Large eat in kitch, living room/dining room combination w/wood burning FP, & patio doors to large back yard. Updates include furnace 2007, C/A aprx 2010, front windows less than 5 years old, hardwd & carpeting, updated main bath & more. 13 Bayview Drive, Grimsby | $359,000
Lovely 3 storey townhome with escarpment view, neutral decor, open concept LR/DR and Kitch. Includes 5 appliances. 2 bedrooms+den, 1.5 baths and bedroom level laundry. Conveniently located close to schools, quick access to QEW and downtown. Condo road fee: $70/mth Unit #75, 6 Chestnut Drive, Grimsby | $259,900
Stunning new 2 storey loaded with upgrades
To be built, make it your own!
Vineyard Valley with escarpment views
2 storey executive four bedroom home, 2800 sq. feet features 9 ft. ceilings, 2 car garage, main floor laundry, large eat in kitchen, ensuite bath with walk in-closet, ceramics, & hardwood floors. Similar “To Be Built,” “taxes “NOT SET.” 52 Kenmir Avenue, Lot #46, St. David’s | $749,900
Beautifully finished 3+1 bedrm Vineyard Valley home finished top to bottom w/balcony view of Niagara Escarpment. 9 ft ceilings, hardwd throughout main floor & loft, oak staircase, pot lighting, 2.5 bath, ensuite bath, lrg walk-in closet, gas fireplace & dble car driveway w/quick access to QEW & steps from YMCA. 41 Vinifera Drive, Grimsby | $419,900
Quiet community neighbourhood!
Large principal rooms
Bungalow features 2+1 bedroom, open concept design, master bed suite walk-in closet & ensuite, hardwood, backyard deck w/awning. Basement fin with rec room, bedroom & 2 pc bathroom. Double car garage. 31 Book Road, Unit 25, Grimsby | $349,900
Affordable 2+1 bedroom 1990 sq.ft., 2 storey home w/a large floor plan to make this a country dream home! BONUS separate 1 bedroom professionally finished bungaloft w/full kitchen, 3 pc bath, gas fireplace and separate patio w/great income potential to cut your mortgage in HALF! 4058 Fly Road, Beamsville | $ 319,900
Short walk to town and local Tim’s!
Unique space, completely renovated
Freehold townhome - to be built
3 bedroom, 1-1/2 bath condo with updated bathrooms, basement flooring and furnace/C/A. Small 24 unit complex short walk to town and local Tim’s. Finished rec room in basement with inside entry to garage. Perfect for first time buyer or investor. Unit # 8 – 149 St. Catharines Street, Smithville | $144,900
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 Colborne | $209,900
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”. Unit # 11, 5072 Cassandra Drive, Beamsville | $309,900
4 bedrm, 3 bath. Hand scraped hardwood flooring throughout, ceramic in foyer, kitchen and bathrms...no carpet! Upgraded oak staircase to match hardwood. Gorgeous kitchen with S/S appliances, open concept to dining room & great room. Great location, close to schools, the QEW & downtown. 4306 Dennis Avenue, Beamsville | $479,900
Brick VIctorian on 99.39 acres of very productive farm land 70 acres workable & 30 acres of bush, large 2.5 storey 4 bedrm brick Victorian farm house with large barn & workshop. New cistern 3yrs, new septic 1 yr, shingles & furnace 4 yrs. Possible 4 acre severance available call for details. 489 Kemp Road West, Grimsby | $869,900
Call Today 905-945-0188
MarketWatch MAY 2015 04/05/15 12:10 PM Page 7
May 2015
The Golfi Team Real Estate Market Watch
Grimsby, Lincoln West Lincoln & Niagara
Page 7
Rob Golfi*
WaTerFrONT
Nearly 30 acres on Twenty Mile Creek
Incredible home. Incredible location.
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. 4429 #69 Regional Road, St. Anns | $849,900
Start typing your offers! 1400 sq.ft UPGRADED town home , hardwd flrs, custom tile, SS appliances, marble bathrm counters, antique white kitchen & island with soft close drawers. custom ensuite bath w lake views $55./mth condo Rd. 515 Winston Road, Unit #43, Grimsby | $324,900
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
BUilDiNG lOT
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 | $789,900
Bragging rights for owning a piece of perfection! 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
Business Opportunity - RM2 Zoning
¾ acre site centrally located in the downtown area, permitted uses; apartment dwelling, boarding or lodging dwelling, home for the aged, nursing home, group home, private home daycare. Call for details on permitted uses. Lot #201 Academy Street, Beamsville | $369,900
WaTerFrONT
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 | $1,900,000
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 | $374,900
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
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
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
MarketWatch MAY 2015 04/05/15 12:10 PM Page 8
Page 8
The Golfi Team Real Estate Market Watch
Luxury Homes & Waterfront Properties
May 2015
Rob Golfi*
WaTerFrONT
WaTerFrONT
WaTerFrONT
Romantic Waterfront Gem!
Modern minimalist design!
Stunning Lakefront!
This custom waterfront home built on a private cul-de-sac features, no lawn maintenance w/private pool & balcony something you see in a travel magazine. Open and inviting floor plan, with large sunny bright window, riparian rights and shore protection in place. 8 Trillium Avenue, Stoney Creek | $1,100,000
3300 sq ft lakefront home. Modern minimalist design with 3 bedrooms, open concept principle rms, balconies on 2 levels across the back of the home, tons of windows to maximize light. Breakwall extra high construction. 51 Windemere Road, Stoney Creek | $989,900
Lakefront! 3000 sq ft 3 bedrm, 2 storey. Updates include kitchen w/granite, marble floors, windows, ensuite. Centre hall plan with separate dining rm, main flr laundry, main flr family rm. Stunning 79 ft frontage on private road. 24 Lakeshore Drive, Stoney Creek | $949,900
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
30 acreS
37+ acreS
Nearly 30 acres along Twenty Mile Creek!
37+Acres for Horse lovers!
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 #6 Regional Road, St. Anns | $849,900
Dream hobby farm for horse lovers! Scenic 37+ acre property w/lrg home, barn (4 'soft mat’ stables), & run-in. Close to HWY access & city conveniences. Beautiful eat-in kitch, living rm w/wood stove, lrg foyer, 3 BRs & many extras. 2832 Glancaster Road, Ancaster | $824,900
WaTerFrONT
Congratulations to Dara mcleod!
Winner of our
FROZEN Views of the Canadian and US shores
Dorchester estates sweet spot!
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 Parkway, Niagara Falls | $819,000
Spectacular Custom built home backing onto the escarpment offering in-ground salt water pool, hot tub, all 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 | $789,900
WaTerFrONT
CONTEST!
21.3 acreS
Waterfront lot! Fabulous find!
Circa 1864 Manor!
Exclusive listing to the Golfi Team! Beautiful Waterfront lot sitting on 140 x 183 ft. on a private cul-de-sac, build your dream home on the shores of Lake Ontario, services include sewers, water and gas to lot line. 143 Lake Street, Stoney Creek | $955,000
Beautifully restored country manor with addition on 21.3 acres bordering Beamer Falls and the Bruce Trail. This classic red brick home is located 5 minutes from Grimsby’s town centre. Call for details. 140 Ridge Road, Stoney Creek | $1,289,900
Dara Macleod of Smithville is the winner of our FROZEN Contest Gift Basket. Dara had her picture taken with Elsa and Anna from FROZEN at the Home Show. Standing with Dara is her mother, sister and Rob Golfi.
Call Today 905-575-7700
MarketWatch MAY 2015 04/05/15 12:10 PM Page 9
May 2015
The Golfi Team Real Estate Market Watch
Page 9
One of the biggest ways parents help kids, is with a down payment for a house or condo. The trick is keeping emotions out of the mix.
W
hen parents lend money to kids it can tie families up in knots, creating jealousies and triggering feuds that may never be resolved. That’s because the situation is fraught with emotion, becoming as much tied up in the familial relationship as it is about the business arrangement at hand. That’s why mixing feelings with finance is such a difficult thing. One of the biggest ways parents help kids is with the purchase of a first house. For many, it is a way to pass on good fortune and give young adults a leg up. Anyone who bought a home in the GTA in the past 25 years ago has done very well. Paying it forward is rewarding. A study sponsored by the Bank of Montreal shows how the trend is accelerating. For first-time homebuyers, the Bank of Mom and Dad is the go-to lender for a down payment. Pollara Strategic Insights found that 42 per cent of first-timers are depending on some family help, up 12 percentage points in a year. That support is equal to 12 per cent of the cost of a home, or an average $37,500 a year. A study by the Canadian Association of Accredited Mortgage Professionals (CAAMP) last fall reported the same trend, though less pronounced. CAAMP found that 18 per cent of first timers are relying on family help, with 11 per cent getting the money as a gift and 7 per cent as a loan. If family financing is in your home-buying cards, here are some things to consider: Gift or loan? If it’s a gift, then there are no strings attached. If it’s a gift against a future inheritance, it’s worth making that clear and recording it, so everyone know, says real estate lawyer and Star contributor Mark Weisleder. “The main thing is to get it in writing,” he says. Secure the loan: A loan will mean some form of security, likely a second mortgage registered on title. The bank will have to know about the family loan and approve. Parents may also ask for a promissory note as proof of the loan and secure the loan against title. The loan, plus interest, could be repaid in full later, or never, but at least it’s on record. Weisleder says a promissory note gives parents protection if things later break down. Maybe the couple splits up, or lose jobs in a downturn and the house has to be sold. Joint ownership: In some cases, where the children, or couple’s income is too low to meet bank financing requirements, parents are guaranteeing the mortgage offering their own income as security.
In this case, the bank may want the parents on the title to the property and to sign the mortgage indicating their share of ownership. It may be as little as 1 per cent, but this still leaves them on the hook to carry everything if the kids default. Getting the money back: It can get complicated when parents want out. They can sell their interest to the kids, or give it back, but they would have to tell the bank and do it properly. Otherwise they could be in default of the mortgage, Weisleder says. Another option is to leave the stake to the kids in a will. There’s nothing more rewarding than helping your kids, especially as a way to pay forward the same help you might have received all those years ago. The trick is to leave emotions at the door. Discuss the implications and do it in the open to avoid bad feeling later. Above all, get the legal help you need.
Where 1st-time buyers get down payments Savings: Bank loans: RRSPs: Gifts from parents: Loans from parents: Loans from employers: Other:
40% 27% 12% 11% 7% 1% 2%
Source: CAAMP, Nov. 2014
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Page 10
The Golfi Team Real Estate Market Watch
May 2015
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MarketWatch MAY 2015 04/05/15 12:10 PM Page 11
May 2015
The Golfi Team Real Estate Market Watch
Page 11
How to Prepare Garden Soil for Planting If you're planning to grow substantial root crops (potatoes, say, or carrots), go deeper still — up to a foot or more (yes, you can use a technique called hilling, where you mound up good soil around crops like potatoes, but this method doesn't excuse your making a shallow vegetable garden). fill 'er up. Add lots and lots of organic matter! Try using compost, dehydrated cow manure, shredded leaves, well-rotted horse manure (call nearby stables), or a mixture. If your yard happens to be blessed with fertile soil, adding organic matter is less crucial, but most soils can stand the improvement. Mix it with the native soil, 50-50, or even more liberally. Maybe your area's soil is notoriously acidic, or very sandy, or quite obviously lousy for plant growth. The good news is that organic matter can be like a magic bullet in that it helps improve whatever you add it to. You have to replenish the organic matter at the start of every growing season or maybe even more often. (If the soil stubbornly resists improvement, resort to setting raised beds atop it and filling these bottomless boxes with excellent, organically rich soil.)
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1 Broadness (5) 2 Cruel person (5) 3,5 (moving) very easily and without resistance (4,1,3,5,7,6) 4 He did time in a den of lions (6) 5 See 3 6 light-sensitive eyeball tissue (6) 7 Fine animals (6) 12 legendary Himalayan creature (4) 14 partner (4) 15 Sin etc (anag) (6) 16 Fretted musical instrument (6) 17 Supporting beam over a doorway (6) 19 literary style (5) 20 personal journal (5)
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The biggest mistake beginning gardeners make is using lousy or too-thin soil. Before planting anything in your yard, prepare your garden beds by digging to loosen the soil and adding organic material! This prep work can save you untold disappointment and, perhaps more than any other factor, assure a bountiful and delicious harvest. If you're working with a brand-new garden (or one that fell fallow and you're bringing it back to life), you can stake it and get it ready the autumn before you plan to plant. This act gives the soil and the amendments you've added time to settle and meld. It also means you have less work to do next spring. If a fall start isn't possible or practical, go ahead and prepare the ground in spring — but don't start too early. If the ground is still semi-frozen or soggy, digging in the soil can compact it and harm its structure. How do you tell whether it's ready to be worked in? Grab a handful and squeeze — it should fall apart, not form a mud ball. Follow these steps when preparing your soil: Dig deep. Most plants are content with 6 to 8 inches of good ground for their roots to grow in.
2
The Essentials of Garden Soil
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.
MarketWatch MAY 2015 04/05/15 12:10 PM Page 12
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