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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20 2021-01-08 2:17 PM
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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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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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
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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
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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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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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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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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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!
D OL
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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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D OL
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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
Phone, wallet, keys ...
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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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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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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. 87621.27.7.037 Levie.indd 1 87880.22.13.Levie_v3.indd 1
2018-06-06 10:02 AM 2020-12-23 10:04 AM
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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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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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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
Text RBGFFRP
$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! Text RBGFBTQ
$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.
Text RBFMZLQ
$344,900
$499,900
Text RBGFBSV
Text RBGFBTP
Text RBGFFRX
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.
Text RBGFBSN
Text RBGFBSS
Text RBGFBSR
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.
Text RBGFBSP
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.
Text RBFKNFZ
$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