The Real Estate Book Hamilton 22.13

GREATER HAMILTON

HOME & LIFESTYLE GUID E Volume 22, Issue 13

PROUDLY PRESENTING

MULTI-USE FAMILY HOME ON 67 X 214 FT PROPERTY IN STONEY CREEK! MORE INFO ON PAGE 10 TEXT RBFXRNL TO 52187

RealEstateBook.com

Request FREE MAGAZINES online, or call 800-841-3401

87880.22.13.001.Final.indd 1

Lynn Fee

Sales Representative Keller Williams Complete Realty, Brokerage 905.975.1055 www.lynnfeeteam.com

2020-12-21 4:11 PM

WELCOME TO OUR

DIGITAL MAGAZINE! CLICK WEBSITE OR EMAIL LINKS! As you turn the page, all web and email addresses are highlighted in blue. This means you can click through to send an email or visit that web page instantly.

WATCH VIDEO & VIRTUAL TOURS Look out for this symbol on many of the pages. By clicking on the link, you will be taken directly to video or virtual tours of

As you flip the pages, look out for these interactive features…

TAKE A

VIDEO TOUR CLICK HERE to view a video tour of this beautiful home!

the featured homes.

CLICK HIGHLIGHTED LISTINGS FOR MORE DETAILS As you turn many of the pages, the entire page will be highlighted in blue. On these pages, every property has an embedded link allowing you to click through to see multiple photos, longer descriptions and property details, the address and virtual tours.

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CONTENTS 10

ON THE COVER

15

OUR HOME OF THE MONTH

22

CURRENT MARKET STATISTICS, HAMILTON, BURLINGTON, OAKVILLE & MILTON

11

FEATURE ARTICLES

16

HOW TO CREATE A

20

PROPERTY

PERFECT HOME OFFICE

CONSIDERATIONS IN YOUR MORTGAGE APPLICATION

12

FEATURED REAL ESTATE AGENTS

4 12

SARIT & JORDAN ZALTER, ANCASTER

11

KEVIN & TINA GIRARD,

24

ISAAC PHILLIPS,

HAMILTON

DUNNVILLE

15

SKIP TO EXACTLY WHAT INTERESTS YOU MOST Use our Contents page to navigate directly to our featured articles, up to date market statistics, realtor profiles, and featured agents.

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42

LYNN VIENNNEAU

WAYNE FISHER

Business Associate

Business Associate

TIERA DASS

Sales Representative

LEAH GERRARD

Sales Representative

Serving Serving Southern Southern Ontario| Ontario| 1-833-385-9205 905-389-6734 info@reishadass.com Serving Southern Ontario1-833-385-9205 | 1-833-385-9205|||905-389-6734 905-389-6734 |||info@reishadass.com info@reishadass.com STONEY STONEYCREEK CREEKMOUNTAIN MOUNTAIN

DUNDAS DUNDAS

COUNTRY COUNTRYPROPERTY PROPERTYMINS MINSTOTOTHE THECITY CITY 121 121x 264 x 264ft ftlot.lot.4 4beds, beds,4 4baths. baths.Open Openconcept concept main mainfloor. floor.Main Mainfloor floorlaundry. laundry.Office, Office,finished finished lower lowerlevel levelw/separate w/separateentry. entry.Saltwater Saltwaterin-inground groundpool. pool.Separate Separate1600 1600sqsqft ftworkshop. workshop.

FOR FORRENT RENTDowntown Downtown2 2storey storeycondo. condo.2 2 levels levels&&2 2good goodsize sizebedrms, bedrms,storage storagecloset closet and4 4pce pcebath. bath.Oversized Oversizedbalcony, balcony,open open and conceptmain mainfloor. floor.One Oneunderground underground concept parkingspace, space,heat heat&&water waterincluded. included. parking

TEXT TEXTRBGDVVP RBGDVVPTO TO52187 52187

TEXT TEXTRBGBSRG RBGBSRGTO TO52187 52187

W W W W. SSSSS.. C .CCO OOM MM WW WW. W .R RRE EEIIISSSH HHA AAD DDA AAS

ELLEN BOYCE

KRISTA HANN

BROKER

SALES REPRESENTATIVE

www.ellenboyce.com

www.kristahann.com kristahann@royallepage.ca

905.648.4451

2015-2017

IF YOU ARE THINKING OF

SELLING IN 2021 PLEASE CONTACT US BEFORE YOU LIST. We have buyers looking for:

• A 2 storey home in Dundas with 3-4 bdrms + double garage • A one-floor detached home at Villages of Glancaster • A one-floor, 2 bdrm + den condo at Creekside in Dundas • A 3-4 bdrm home on the East Mountain with a pool • A 2500 sq ft home in Old Ancaster, with private back yard

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2020-12-21 2:55 2020-12-23 6:13 PM

6

BUY A HOME OR GET YOUR HOME SOLD THIS SPRING!

3

In this version of the new normal, we’ve got you covered!

The Lynn Fee Team has many great SYSTEMS, IDEAS & SOLUTIONS to KEEP YOU SAFE while getting you into homes to buy, and getting your home SOLD using many new technically savvy and safe alternatives.

Rest assured... in spite of how COVID-19 has changed our world,

The Lynn Fee Team continues to be “OPEN FOR BUSINESS” Call today 905-975-1055

We a re her for yo e u!

See how we can help you with selling or buying a home plus leveraging your wealth this year!

VISIT US ONLINE AT LYNNFEETEAM.COM to view all of our Current Listings!

1 · 833 · 596 · 6333

Realtors: Wendy Murray Nicholson · Lynn Fee · Stephanie McIvor · Tracey Cerisano Brokers: Torrin Fee · Steve Silver

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4

Reach out to us today to discuss how our experience can be your asset in these challenging times.

We are very proud to be able to continue to serve our clients through this pandemic with our MOSTLY VIRTUAL real estate services as we cater our high level services to all scenarios. We coach our clients on how to sign documents electronically, how to have virtual meetings with us, and most importantly how it’s possible to buy or sell a home while potentially staying in yours. We have successfully sold homes without a physical showing, with restricted access, and while all visitors must follow our strict safety precautions. We understand that selling a home can be stressful in the best of times, and that this pandemic can amplify that. We are here to help.

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5

EXECUTIVE EXECUTIVE LIVING! LIVING! EXECUTIVE LIVING! C U S T O M M U LT I - L E V E L S P L I T C U S T O M M U LT I - L E V E L S P L I T C U S T O M M U LT I - L E V E L S P L I T

26 Hostein Drive, Ancaster 26 Hostein Drive, Ancaster $1,250,000 $1,250,000 26 Hostein Drive, Ancaster $1,250,000

E X E C U T I V E C O N D O L I V I N G - O N LY 2 U N I T S L E F T E X E C U T I V E C O N D O L I V I N G - O N LY 2 U N I T S L E F T E X E C U T I V E C O N D O L I V I N G - O N LY 2 U N I T S L E F T

EXECUTIVE LIVING EXECUTIVE LIVING

366 Bay Street North #B, Hamilton 366 Bay Street North #B, Hamilton $629,900 $629,900 366 Bay Street North #B, Hamilton $629,900

EXECUTIVE LIVING

366 Bay Street North #A, Hamilton 366 Bay Street North #A, Hamilton $679,000 $679,000 366 Bay Street North #A, Hamilton $679,000

Sarit@ZalterRealEstate.com Sarit@ZalterRealEstate.com Direct: 905.515.1950 Sarit@ZalterRealEstate.com Direct: 905.515.1950

Direct: 905.515.1950 Jordan@ZalterRealEstate.com

Jordan@ZalterRealEstate.com Direct: 905.515.6331 Jordan@ZalterRealEstate.com Direct: 905.515.6331 Direct: 905.515.6331 87880.22.13.004_Final.indd 2

2020-12-23 1:04 PM

186

Linda LESLIE S A L E S

R E P R E S E N T A T I V E

905.525.3737 | 1.877.648.4451

NRC Realty Inc. Brokerage Independently Owned & Operated

OFFICE: 905-774-7511 | DIRECT: 905-961-5344

www.lindaleslie.com

Happy New Year!

If you are thinking of making a move in 2021, please give me a call!

TEXT RBFWWJS TO 52187

TORONTO CONDO JUST STEPS TO U OF T Rare opportunity! Beautiful 2 bdrm, 2 bath corner unit with 947 sq ft of living space. One underground parking, one storage locker. Luxury building with amenities including concierge, rooftop terrace, exercise room & so much more! $929,900

I would be happy to help!

Karen Grover Sales Sales Representative Representative

Our Effort is For You! Our Effort is For You! kgrover@efforttrust.ca

Let's Let's Talk Talk Real Real Estate!

Estate!

www.karengrover.ca 905-528-8956 905-528-8956

!'$%

New Year.

New Hope.

Fresh Start.

HAMILTON MOUNTAIN Beautiful brick bungalow built in 1987 and lovingly maintained. Approx

1,738 sqIf ft, you’re 3 bed/2 bath, spaciousof principal rooms including main floor family room w/fireplace. Master thinking a change, bedroom has walk in closet and 3 pce ensuite! Main floor laundry/mudroom w/access to double garage.

I canbasement. help. Rare opportunity for such a large bungalow in an established, family Potentialcall in fullme. unfinished friendly neighbourhood. $749,900

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2020-10-19 2020-12-23 12:26 9:59 PM 2:59 AM

7

SERENITY IN RURAL ANCASTER A special 3,244 sq ft family home on 1.03 acres of remarkable property. Each bedroom with its own full ensuite bath. Private entry to the grade level in-law suite or home office. Year-round bunkie perfect for sleepovers. A second outbuilding with gas fireplace and enough windows to appreciate each sunset. Surrounded by an impeccably landscaped yard. All of this in a tranquil, country setting just minutes to amenities. 2171 Wilson Street West, Ancaster. $1,498,000

OVERLOOKING DUNDAS VALLEY Prime location with gated driveway access with views of the surrounding landscape. Mature garden with a unique variety of plants and trees. Warm and inspiring mid Century residence with a simple interior design and classic appearance. There are generous sized windows giving natural light and views overlooking the valley and escarpment. Finished lower level offers recreation space and walkout access to the yard and patio. 166 Old Ancaster Road, Dundas. $1,199,900 JUST LISTED! Commercial space for Lease in high traffic Corktown locale! Recent flooring and decor, lots of potlights, finished basement with kitchenette, 2 piece bath and large windows perfect for showcasing product or services. Use for retail, office or salon! 173 John Street South, Hamilton. $1,450/month

CC SOLD 483 Terrace Way, Oakville

Sending warm wishes and hopes for a promising and fulfilling New Year!

FROM COLETTE COOPER & ASSOCIATES.

& ASSOCIATES

905.648.4451 Colette Cooper Broker

87880.22.13.007.indd 1

colettecooper@royallepage.ca www.colettecooper.com

2020-12-21 2:36 PM

8

G R E A T E R

H A M I L T O N

VOLUME 22 ISSUE 13 PUBLISHER

Tim Root

VP SALES & BUSINESS DEVELOPMENT

Fred Ferri

PRODUCTION MANAGER

Sarah Root

ART DIRECTORS

Jennifer Brewster Vanessa Chong Sarah Lush CONTRIBUTING WRITERS

HALTON HAMILTON HOMES Search ALL homes listed

Julie Achtermeier JasonWoods

MARKETING & COMMUNICATIONS COORDINATOR

Celina Ip

Next Issue Submission Deadline JANUARY 21, 2021

for sale on MLS, view our digital magazines, research local real estate market trends and insights, get home buying and selling tips, and more! From the same team who produce The Real Estate Book for the Halton and Hamilton region.

HaltonHamiltonHomes.com

! TheRealEstateBook $ The.RealEstateBook

For Advertising or General Inquiries:

905 845 8732

info@trebpublishing.ca trebpublishing.ca Request a FREE MAGAZINE from any market across North America at 1.800.841.3401 !"$ RealEstateBook.com Want to see your home advertised in this magazine or featured online at RealEstateBook.com?

Contact any of the top real estate professionals advertised in this issue.

Another fine product from NewPoint Media Group, LLC. Bee Cave, TX © 2016, NewPoint Media Group, LLC PRINTED IN CANADA

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2020-12-22 5:25 PM

6

9

Jennifer Ferreira

Nancy Mazza

SALES REPRESENTATIVE*

SO

L

|

Fiona Chiu*

Shelly Baker-Gracie*

E. Martin Mazza*

Cyndi Love**

Nancy Mungar*

Ivan Kamladze*

Emily DeNardis*

BROKER**

D!

GORGEOUS GRIMSBY LAKEFRONT ESTATE! $3,585,000 5213 sqft + bsmt + guest house- 5 + 2 BRs- 5+2 Baths warm decor- tons of architectural details, upgrades & hand-crafted mill work thruout- updated extensively newly constructed Seawall (Sept' 20).

TEXT RBCTHVH

TEXT RBGCFJR

POPULAR GRIMSBY - QUALITY COMMERCIAL BUILDING! $1,475,000 New build at Bartlett and Main Street in Grimsby - stone and stucco facade - high ceilings large windows - rear parking elevator - signage.

CUSTOM FINISHED ANCASTER HOME $1,449,900 4+1 BRs - 3.5 Baths - 9 ft ceilings - marble & porcelain flrs - 2 gas fireplaces - Euro kitchen w/HE appliances, large island & walk-in pantry - stunning designer staircase - master BR oasis w/4pc ensuite - fully finished basement.

SO

LD

!

SO

LD

!

TEXT RBFYQRY

DEVELOPMENT POTENTIAL IN BURLINGTON $1,175,000 Value is in land - development potential or a large building lot to custom build - close to all amenities and GO station - easy access to QEW - no access to home.

GRIMSBY WALKOUT RANCH ON AN ACRE LOT! $1,029,900 3 +1 BRs - 3 updtd baths - 150 ft of frontage oak kitchen w/tons of cabinets - gas f/p - double garage - lower lvl accommodates an in-law suite - updtd roof, furn/AC/duct work & windows.

BEAUTIFUL 2 STOREY HOME IN THE HEART OF WINONA $999,900 4 BRs 2.5 Baths - 2,700+sqft - close to schools, park & shopping centre - 9ft ceilings custom kitchen - 2 tone cabinets & island - quartz counters - spacious BRs - triple garage - easy QEW access.

Change Your Home, Change Your Life® TEXT RBGCFJS

themazzateam.ca 1-877-475-0230

*!"'

SPACIOUS WALK OUT RAISED RANCH NEAR MCMASTER $699,900 Up to 8 bedrooms - 2.5 bathrooms - main floor and lower level kitchens - rear deck and patio - double driveway - walking distance to McMaster - no rear neighbour.

TEXT RBGCFJT

SPACIOUS DETACHED HOME WALKING DISTANCE TO MCMASTER! $669,900 Up to 7 bedrooms - 2.5 baths - pretty Tudor home just south of Main Street hardwood floors - stucco accents - attached garage - spacious yard.

TEXT THE CODE TO 52187 FOR MORE LISTNG INFORMATION AND PHOTOS

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2020-12-23 2:50 PM

e

10

TAKE A

VIDEO TOUR

ON THE COVER

CLICK HERE

MULTI-USE FAMILY HOME ...

CAR ENTHUSIAST’S DREAM w/ detached 32’ x 42’ PRO WORKSHOP (heat, hydro, water) on a 67’ x 214’ property. RENO’D 3 + 1 bedRm, 3 bath, 2154 sq ft BUNGALOW boasts GREAT ROOM ADDITION w/BARREL CEILING, exotic hdwd flooring & MORE! WALK UP from lower level to TRIPLE CONCRETE DRIVE w/ REMOTE GATES (parks 12+ cars)!

NEW KITCHEN w/dinette, granite counters, breakfast bar PLUS island.

WALK OUT to stamped concrete patio w/vaulted overhang. Fenced back yard w/ extra large shed (w/ hydro). NEWLY FIN’D LOWER LEVEL w/extra large family room, gas FP, SEPARATE AREA for “homebased” BUSINESS including reception area & SEPARATE ENTRANCE!

10 WEST AVENUE, STONEY CREEK $1,190,000 Text RBFXRNL to 52187 for more information.

Lynn Fee Team LYNN FEE

For more information on this property and others in the area please contact

Sales Representative

OF AWARD WINNING PROFESSIONALS 1.833.596.6333

www.lynnfeeteam.com Keller Williams Complete Realty, Brokerage team@lynnfeeteam.com team@lynnfeeteam.com lynnfeeteam.com

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2021-01-07 3:57 PM

11

GirarD T E A M

girardteam.ca

905-802-4769 905-802-4769

Tina Girard TINA GIRARD

Kevin Girard

Jake Roberts

info@Gteam.ca info@Gteam.ca

Sales Representatives KEVIN GIRARD JAKE ROBERTS

S A L E S R E P R E S E N TAT I V E S

HAPPY NEW YEAR! Top 2% in Canada for Royal LePage

ANCASTER - $2,675,000

DUNDAS - $1,495,000

LUXURY BUNGALOFT – Exceptional quality built by Girard Custom Homes. Premium pie-shaped property (70 x 214 ft. with 132 ft. rear) in prestigious Oakhill. Exquisite curb appeal and stunning finishes throughout! www.53Joanne.ca

ONE-OF-A-KIND – Two Victorian era railway stations restored and renovated to create a stunning approx. 3000 sqft. walkout bungalow situated on a 6-acre paradise with a 24 x 40 ft. dream garage and workshop. www.106Middletown.ca

SOLD

SOLD OVER ASKING

ANCASTER - $3,499,000

PARIS - ASSIGNMENT

HAMILTON - $549,900

COMMERCIAL – Incredible opportunity in Ancaster Business Park. 2.1-acre property with M2 Zoning.

Top-notch 4100 sqft. facility with office setting.

New services. More than $1M in improvements. www.1637Claybar.ca

BRAND NEW – 3-bed, 3-bath, 2,048 sqft.

2-storey home at the sold out Scenic Ridge

by LIV Communities. Loaded with stunning upgrades. Move-in February 2021!

CALL DIRECT

CHARACTER – Stunning century cottage with modern updates and original charm. 2-bed bungalow situated on 25 x 207 ft. mature property backing onto parklands at Dundurn Castle! www.91Inchbury.ca

BURLINGTON - $1,499,900

BURLINGTON - $1,299,900

BURLINGTON - $1,249,900

SAXONY (UNIT 203) – 2-bed + den with 3 baths and huge living space. 2,001 sqft. upgraded luxury unit in downtown core steps to the lake.

South-facing corner unit. 2 parking spaces.

CALL DIRECT

SAXONY (UNIT 506) – 2-bed + large den with 3 baths. 1,555 sqft. upgraded luxury unit. 6-storey boutique building close to lake, restaurants and shopping. 2 parking spaces. www.1441Elgin.ca

SAXONY (UNIT 101) – 2-bed + den with 3 baths. 1,498 sqft. upgraded luxury unit on the ground level with street access from terrace. 10 ft. ceiling. 2 parking spaces.

CALL DIRECT

Personalized Service & Award Winning Results!

87880.22.13.Girard.indd 22

award 2019

2019

award 2020

2019

2020-12-23 4:13 PM

12

DOWNTOWN DUNDAS

10 Hatt Street, Dundas $1,595,000 S TAT E LY A N C A S T E R M A N O R

!

D OL

S

496 Wilson Street East, Ancaster

P R O F E S S I O N A L LY D E S I G N E D / R E N O VAT E D

EXECUTIVE FREEHOLD

!

D OL

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294 Caroline Street South, Hamilton

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!

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6 Whitmer Street, Milton

2020-12-23 2:49 PM

13 B E A U T I F U L LY P R E S E R V E D

183 James Street South, Hamilton $1,995,000 PRESENTING VICTORIA HALL

11 Cross Street, Dundas $2,100,000 MAIN FLOOR LIVING

TRENDY CROWN POINT

!

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3 Sweetman Drive, Dundas

116 Park Row North, Hamilton

Sarit@ZalterRealEstate.com Direct: 905.515.1950

Jordan@ZalterRealEstate.com Direct: 905.515.6331

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2020-12-23 2:49 PM

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2020-03-11 2:59 PM

TAKE A

15

VIRTUAL

HOME OF THE MONTH

TOUR

CLICK HERE

45 LAKEGATE DRIVE, STONEY CREEK $3,700,000

TEXT RBGFFMN TO 52187 FOR MORE PHOTOS AND INFORMATION

LARGE DIRECT WATERFRONT ESTATE HOME with private beachfront, seawall and dockage pilings, 1+ acres and over 350 ft of stunning water frontage. This home offers gated access, over 7,000 square feet of living space with several structures on the property including a separate guest house. There is 1,000+ square feet of indoor pool area, a sauna and a massage room. It has a lifetime roof warranty and a pre-home inspection was recently completed and is available upon request.

MATTHEW VETTESE SALESPERSON

Office: 416 234 2424 Direct: 647 980 4939 matthew@vfinancial.ca

SUTTON GROUP – OLD MILL REALTY, BROKERAGE INDEPENDENTLY OWNED & OPERATED

Visit Visit www.RealEstateBook.com www.RealEstateBook.com to to search search for for more more homes homes in in the the Hamilton Hamilton Region.

Region.

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16

CREATING YOUR PERFECT

Office Space Written By JULIE ACHTERMEIER

By this point in the pandemic, many of us have established some sort of WFH (work-fromhome) routine. For the lucky few who already have a designated home office, please carry on. For the rest of us still working at the kitchen table, dining room table or on the couch, we know full well that this is neither productive nor sustainable. However, creating a functional work area can present a challenge if you have limited rooms and space in your home.

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17

Ideally, you should have an organized and clutter-free area that functions as only your work area. Home-life and work-life can be a blurred line if your laptop follows you around the house, so ditch the kitchen table and put on your creative thinking cap. Your new office space is limited only to your imagination!

Find the Nook

Create a “Cloffice”

Most of us have a little nook or space in

Welcome to the latest design trend in

our home that is easy to overlook. Perhaps

home offices. The cloffice is a closet

it is an under-utilized space under the

turned into a home office space. It could

stairs, a corner of the room where larger

be a walk-in closet, linen closet or even

furniture doesn’t quite fit, or a section of

a hall closet. Think of this as an excellent

a blank wall. Clear the area of any clutter

opportunity to clean out your belongings

and measure the wall to ensure a small

and put the space to better use. To set

desk will fit. Purchase a small, inexpensive

up your office, start by removing any

desk (about 100cm X 50cm) online for

current shelves or rods and measure the

about a hundred dollars, or you could buy

width to ensure a small desk or table will

a ladder desk (with built-in shelves) for a

fit. Paint the closet a cheerful colour or

bit more money. You can best utilize the

add some wallpaper for variation. Add

space by going up instead of out. Add

shelving above the desk as high as you

narrow shelving vertically for storage,

like and use decorative boxes to store

hang a picture, and choose a slim office

office supplies. A slim desk lamp and

chair. If it’s the corner of a room you’ll be

a small but comfortable chair will give

using, check online for a corner desk that

the illusion of more space. Consider

nestles right in, to look like it was meant

removing the door entirely or keep

to be there. Keep the office area neat and

the door so you can shut work out by

use it only for work hours.

closing it at the end of the day.

Reclaim your Space with a “Contained Office” If a cloffice or nook is not an option, you can still create a personal work area in the main living space by turning an old hutch or wardrobe into a contained office. They are easy to find online, or you may have one in your dining room, storing dishes you never use. These pieces are ideal if they have doors to close when you are not working, so it remains part of the main décor. Then, when it’s time to work, open the doors and voila!

A desk, shelves and even a whiteboard or bulletin board turn this piece into your home office. If the furniture needs some adjustments, it can be painted, shelves can be moved or removed, and a bulletin board or folders mounted inside the doors.

There are many ways to add a small office to any home. It just takes a bit of creativity and a willingness to think outside the box.

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INTEREST RATES ARE AT HISTORICAL LOW’S CLICK HERE TO GET APPROVED NOW

5 YEAR RATES ARE

AS LOW AS 1.44% 0.99%*

Contact me to explore how to take advantage of these low rates

We've got a Mortgage for that! ™

87880.22.13.Woods.indd 3

*OAC, High Ratio purchases only, min $300,000 mortgage, max 25 year amortization, 5 year term.

2021-01-05 10:28 AM

19

Rose & Orval Levie BROKERS

www.roselevie.com Candace Levie-Burgess SALES REPRESENTATIVE

DIRECT: 905.928.8283 OFFICE: 905.648.4451 rose@roselevie.com

COMING SOON

$699,900 HAMILTON SOUTH WEST 2 family home in a fantastic location! Close to Locke St. shops, transit & GO Station!

Comes with 2 separate Hydro meters, attached garage + 2 parking spaces in laneway. Main floor unit is 1 bedrm with 2nd bedrm in basement. 2nd unit features 2 bedrms + loft space. Text RBGDZVS to 52187

$529,900 HAMILTON WEST MOUNTAIN Fantastic bungalow on HUGE LOT! Located in a quiet mature neighborhood, close to Hillfield Strathallan, Mohawk College and Juravinski Hospital. 3 bedrms, 2 baths. Basement offers high ceilings & side entrance, perfect for in-law suite. Don't miss out - it won’t last!

Text RBGDZVQ to 52187

SOLD SOPHISTICATED STYLE WITH TIMELESS ARCHITECTURE One of Ancaster’s most prestigious streets, this spectacular family home has impeccable finishes, 4 bedrms, 3.5 baths + 15 X 12 ft windows in the great room.

The home is fully equipped with smart home automation system. Custom Built.

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IT'S ALL ABOUT THE

PROPERTY written by JASON WOODS

When your mortgage application goes through the approval process, they are not only looking at you, but also the property in question. In fact, sometimes when an application is denied it has nothing to do with you, and everything to do with the property.

To improve your chances of success when it comes to financing, there are three main things to consider: Let’s take a look at some of the specifics for each of these considerations.

1. Type of property There are various types of properties when it comes to home ownership – detached and semi-detached houses, condos, townhouses, duplexes, and carriage or heritage homes. Depending on the type of property you have chosen, there may be specific considerations.

When it comes to condo’s, the lender (and potentially the insurer) will consider the age of the building. In addition, they will look at maintenance history (or lack thereof), as well as the location for marketability. Some lenders may have stipulations that limit themselves to buildings with a certain number of units, or buildings past a certain age.

If you are looking at a property with additional units, it is important to consider that buildings with more than four units are considered a ‘commercial’ property and would be evaluated on that basis.

Whether registered or designated, heritage homes require a more detailed review and often come with special considerations for financing.

Leasehold or co-op properties also have specific requirements, particularly when it comes to the maximum loan-to-value which means they will require a larger down payment. These types of properties also typically call for additional documentation, and may have varying interest rates.

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2. Location You’ve heard it before – location, location, location! Location matters just as much to the potential homeowner as it does to the lender.

If the location limits the potential resale value for the property, lenders may not provide financial approval due to the increased risk if the borrower defaults. Some lenders may allow these properties but they might reduce the loan amount, or they may add a premium to the interest rate.

For properties with water access only, or with no access to municipal utilities (heat, water, electricity, sewage), there will be additional requirements to assess lender risk. These requirements might include insurance coverage, water testing, septic tank inspection, seasonal access and condition of the property.

3. Usage The use of the property can include things such as personal, investment, recreational, agricultural and also consider previous activities. A few things to keep in mind are: If you are looking at purchasing a condo on a property that has either a commercial component in the building (such as shops on the first floor), or allowable space in the unit for businesses (live/work designation), you may have limited lender options. In some cases, lenders will avoid these types of properties at all costs, while others may require approval from the insurer.

If the property requires renovations, the extent of the upgrades, as well as the property value will be taken into consideration.

For owner-occupied homes that contain rental suites, it is important to consider potential rental income. If the house is purchased for investment, rental income

JASON WOODS

is automatically considered. This can result in a different interest rate than simply an owner-occupied dwelling. In these cases, the rental income can also increase the resale value of the property. However, an appraisal of the property must be conducted and reviewed to ensure the condition.

Purchasing a second home for recreational use will require a review to determine if it is seasonal or yearround access.

Before you begin your home search, it is best to discuss your future plans with a Mortgage Professional. This will ensure you receive accurate information to understand the specific requirements your potential property might require. Seeking expert advice early on will also give you ample time to find the right fit!

BROKER

Dominion Lending Centres TLC Mortgage Group, Burlington Direct 289.925.9599 | jason@jason-woods.com

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2020-12-23 3:03 PM

22

H A LT O N H A M I LT O N H O M E S

MARKET UPDATE

@dwntwnhambia

@dtburlingtonon

Hamilton

Burlington

AVERAGE SALES PRICE

AVERAGE SALES PRICE

$651,744

$928,478

NOVEMBER 2019: $537,418

NOVEMBER 2019: $778,289

AVERAGE DAYS ON MARKET

AVERAGE DAYS ON MARKET

17

20

NOVEMBER 2019: 33

NOVEMBER 2019: 26

Y/Y CHANGE: UP +21.3%

Y/Y CHANGE: UP +19.3%

Y/Y CHANGE: DOWN -47.1%

Y/Y CHANGE: DOWN -21.9%

NEW LISTINGS

NEW LISTINGS

848

261

NOVEMBER 2019: 720

NOVEMBER 2019: 230

Y/Y CHANGE: UP +17.8%

Y/Y CHANGE: UP +13.5%

NUMBER OF SALES

NUMBER OF SALES

779

271

NOVEMBER 2019: 669

Y/Y CHANGE: UP +16.4%

NOVEMBER 2019: 227

Y/Y CHANGE: UP +19.4%

SOURCE: REALTORS' ASSOCIATION OF HAMILTON BURLINGTON ALL RESIDENTIAL COMPARISON NOVEMBER 2020

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2020-12-23 3:23 PM

0

23

H A LT O N H A M I LT O N H O M E S

NOVEMBER 2020

@oakvilledowntown

@dtmilton

Oakville

Milton

AVERAGE SALES PRICE

AVERAGE SALES PRICE

$1,624,037

$1,103,953

NOVEMBER 2019: $1,305,903

NOVEMBER 2019: $899,953

AVERAGE DAYS ON MARKET

AVERAGE DAYS ON MARKET

38

17

NOVEMBER 2019: 56

NOVEMBER 2019: 33

Y/Y CHANGE: UP +24.4%

Y/Y CHANGE: UP +22.7%

Y/Y CHANGE: DOWN -32.1%

Y/Y CHANGE: DOWN -48.5%

NEW LISTINGS

NEW LISTINGS

333

189

NOVEMBER 2019: 238

NOVEMBER 2019: 106

Y/Y CHANGE: UP +39.9%

Y/Y CHANGE: UP +78.3%

NUMBER OF SALES

NUMBER OF SALES

327

167

NOVEMBER 2019: 159

Y/Y CHANGE: UP +105.7%

NOVEMBER 2019: 107

Y/Y CHANGE: UP +56.1%

SOURCE: THE OAKVILLE, MILTON AND DISTRICT REAL ESTATE BOARD NOVEMBER 2020 RESIDENTIAL STATISTICS

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2020-12-23 3:23 PM

Isaac Phillips S A L E S R E P R E S E N TAT I V E

DENA ZLATAR*

SO LD

Top 1% for Royal Lepage in Canada 21 years. 905.774.7631

Text RBGFBSL

$468,500

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$619,900

NEW LISTING - CHARACTER & CHARM Refinished hrdwd floors, living rm with high ceilings & wood burning fireplace. Formal dining rm leads to spacious kitchen. 4 bdrm plan offers lots of options + nooks for play areas & office space!

$629,900

$679,900

$1,295/MO

NEW LISTING - GORGEOUS RAISED RANCH Perfect family home on quiet country court. Meticulously maintained & magazine worthy. Upgraded inside & out 2019-2020. New kitchen, master bdrm with 4pc ensuite & walk in closet + triple garage!

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$1,395/MO

NEW LISTING - FOR LEASE 1,200 sq ft space, large roll up garage door, high ceiling.

Building roof redone in 2020. Lots of gravel parking area. Additional space available to rent adjacent to unit. Flexible lease term.

NEW LISTING - FOR LEASE Large corner unit (2,200 sq ft) offers large gravel parking area, small office, and natural gas heating. Additional adjacent space available. New roof 2020. Flexible lease term. Lease is plus HST and utilities.

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$344,900

$499,900

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NEW LISTING - 17 ACRES! Unique property fronting lower Grand River & Main Street East.

Beautiful river views. Endless possibilities. All the perks of private lot with the benefit of 102 ft of main street frontage!

NEW LISTING - CONDO LIVING! Fantastic 2 storey, 2 bdrm condo in well maintained building. Gorgeous views of ravine. Walking distance to shops and restaurants. Condo fees include, heat, hydro and water. Hamilton.

$685,000

NEW LISITNG - LAKE ERIE LIVING! Breathtaking, open-concept, move-in ready & updated, 2 bdrm, 1 bath, beachfront, over 100 ft. frontage/break wall from deck. Detached double garage/games room w/propane furnace. PLUS detached Bunkie.

$999/MO

NEW LISTING - FOR LEASE 1,700 sq ft space, high ceiling. Building had roof redone in 2020. New windows and roll up door. Lots of gravel parking area. Lease amount is plus HST and utilities. Flexible lease term.

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LIZ KOSTER**

$319,900

NEW LISTING - ALL BRICK BUNGALOW! Country living with extra deep back yard but minutes to town. 3 bdrms, 2 baths, large eat-in kitchen, separate dining area, family sized living room.

Oversized heated attached double garage.

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NEW LISTING - BEAUTIFUL BEACHFRONT Substantially reno'd in 2013. Pristine open concept 4 season cottage. Dining rm opens onto great rm with vaulted ceilings & incredible views of Lake Erie. 2 main floor bdrms + bonus loft area.

NANCY ORT*

905.774.8144 ISAACPHILLIPS.COM

LAND! Private 7.631 acre parcel with great sandy Loam soil, excellent for variety of uses. Minutes to town, 35 minutes to Hamilton, Stoney Creek, QEW.

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$570,000 5.27 ACRES 3 bdrm home features open concept, large bay window in living room, lots of natural light. Patio doors off dining area to back deck, vinyl replacement windows. Garage offers roughed-in additional living space. Dunnville.

TEXT CODES TO 52187 for MORE INFO & PHOTOS! *Sales Representative ** Broker

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2020-12-23 11:17 AM