ETOBICOKE-WEST TORONTO, ON
HOME & LIFESTYLE GUIDE Volume 16, Issue 7
PROUDLY PRESENTING
A MODERN, MINIMAL AND STREAMLINED HOME WITH A REFINED INDUSTRIAL ELEGANCE MORE INFO ON PAGE 4 TEXT R1125638 TO 52187
RealEstateBook.com
Request FREE MAGAZINES online, or call 800-841-3401
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Leif Moore Sales Representative Sutton Group Realty Systems Inc. Brokerage Office: 416-762-4200
2019-02-08 10:47 AM
S A M TA S S O N E . C A SALES
REPRESENTATIVE
416-818-3421
stassone@rogers.com
Top 5% of All RLP Realtors in Canada www.a s g ood a sS OLD.c a Senior Real Estate Specialist
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SO ST. GEORGES GC. - PRINCESS MARGARET & ISLINGTON Reno'd 4+1 BR! Kitchen w/ island & French door W/O to yard. Family room w/FP, liv/ din rm combo w/French door W/O, LL offers BR, gym, rec room. Hrdwd thruout. Yard w/I/G pool, Cabana, gazebo & patio. Great school district.
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Text R1125665 DUNDAS & BATHURST This Recently Finished Townhome Boasts A Kitchen Overlooking Dining & Living Rooms. W/O To Rear Yard Interlock Patio. Master W/Ensuite, Hardwood Throughout, Private Garage Parking. Convenient To All Toronto Has To Offer. $1,569,000
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Text R1125663 MISSISSAUGA RD/DUNDAS Gorgeous Home On Ravine Like Setting. Eat In Kitchen Overlooking Family Room W/ Gas FP. Spacious Dining & Formal Living Room. W/O to Landscaped Yard W/Mature Trees & Stone Walk way. Steps From Shops, Dining & UofT. $1,289,000
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Text R1125661 BURLINGTON BEAUTY Nestled Among Beautiful Homes & Forest Ravines Stands This Elegant Home W/Designer Decor. A Gourmet Kitchen W/ Granite Island & W/O To Rear Yard Oasis.Soaring Trees Surround The Deck & Pool Where Deer Stroll & Birds Sing. $1,898,000
Prime Sunnylea! Bright 3 bdrm home offers potential move in now, renovate, addon or build new! Features incl living room w/wood-burning FP, formal dining room, family sized kitchen, 3 BRs & finished lower lvl.
PRINCESS ANNE MANOR A beautifully renovated bungalow on a pie shaped lot with a walk out basement. Walking distance to schools, shops, parks, TTC and more.
TEXT CODE TO 52187 FOR MORE PHOTOS AND INFORMATION
SAM SELLS 87813.16.7 Print Ready.indd 2
FREE HOME EVALUATION WEST REALTY GROUP, BROKERAGE Independently owned and operated
2019-02-12 1:06 PM
HOME OF THE MONTH
19 Ashley Park Road, Etobicoke $5,980,000
STUNNING RESIDENCE ON 3/4 ACRE LOT! Over 7700 sq. Ft. 5+1 bedrooms, 8 baths, lush, professionally landscaped ravine lot. Breathtaking Peter Higgins architect inspired masterpiece. Soaring ceil t/out w/24 ft ceil. in foyer, captivating stone wall w/floating strcse, gourmet kit w/2 centre islands, w/o’s from kitchen, dining, grt rm & games rm. Waterfall wall separates dining & grt room. Private ravine oasis w/salt pool, outdoor pavilion w/cooking station, vent & a putting green! Call Kevin Kane to arrange a private showing. Learn more @ kanesway.ca or 19ashleypark.com
KEVIN KANE
Sales Representative Royal LePage R.E. Services Ltd., Brokerage
416-236-1871 416-888-0488 Kevin.kane@royallepage.ca
Office: Direct:
Real Estate Services Ltd., Brokerage
Visit RealEstateBook.com to search for more West Toronto homes.
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ON THE COVER 46 REID MANOR, ETOBICOKE
RealEstateBook.com LOCAL PRINT • DIRECT MAIL WEB • SOCIAL • MOBILE
Distributed for free to over 500 locations in Etobicoke and surrounding areas. Copies are also distributed to select neighbourhoods through Canada Post.
STAND OUT & GET RESULTS
TEXT R1125638 TO 52187 FOR MORE INFORMATION
with Multimedia Marketing Packages for Real Estate Professionals For advertising information in The Real Estate Book® of
Etobicoke West Toronto, ON contact:
Fred Ferri Publisher
PHONE: 905.847.8116 EMAIL: fred@trebpublishing.ca
or visit our website www.trebpublishing.ca $2,999,000 Located in the heart of Sunnylea, this modern, minimal & streamlined 4,910 sqft home has a refined industrial elegance. This one-of-a-kind 4+1 bedroom, 5 bathroom home is full of light with a warm and inviting atmosphere. Embracing current trends and technology, the home retains a timeless sophistication by incorporating modern design and natural materials. The oversize dining room walks out to the covered front patio. The kitchen is highly functional and looks over a living space with a gas FP and walk out to the spacious back patio and yard. The bedrooms all have ensuite bathrooms, walk-in closets, high ceilings and huge windows. For more information on this property and others in the area contact:
LEIF MOORE
Sales Representative Sutton Group Realty Systems Inc. Brokerage
Office: 416-762-4200 Direct: 416-805-5340 87813.16.7.004 Masthead V1.indd 1
NEXT ISSUE SUBMISSION DEADLINE IS:
March 6, 2019 Want to see your home advertised in this magazine or featured online @ RealEstateBook.com? Contact any of the top real estate professionals advertised in this issue.
Request a FREE MAGAZINE from any market across North America at 1-800-841-3401. FacebookRealEstateBook.com Twitter.com/RealEstateBook Blog.RealEstateBook.com Another fine product from NewPoint Media Group, LLC. Lawrenceville, GA © 2016, NewPoint Media Group, LLC. PRINTED IN CANADA Disclaimer. Listing details and articles published in this issue of The Real Estate Book are supplied solely by the advertiser and the Publisher accepts no responsibilty for errors & omissions or for copyright issues with respect to them.
2019-02-08 8:49 AM
244 WESTPOINT SANDS RD HUNTSVILLE
$1,230,000 · TEXT R1125035 TO 52187
Breathtaking Views of Mary Lake! Newly Renovated Year-Round Cottage or Home with 3 Great-Sized Bedrooms on Main Floor, Full Bathroom, Large Kitchen with Island & Breakfast Bar, Perfect Living Area With Sliding Doors Leading to Awesome Deck Overlooking the Lake and Sunsets. Full Walk out Basement With Bedroom, Bathroom and Den. Walk to Waterfront With Large Deck For Boating and Swimming. Short Drive to Huntsville and Port Sydney! Call With Any Questions or to Book Your Private Tour!
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2019-02-08 7:27 PM
INTERNET, CABLE OR SATELLITE TV FOR THE HOME? BY JULIE ACHTERMEIER
At one time, competition between cable and satellite companies was relatively straightforward with each outdoing the other with monthly and annual subscription deals. However, times have changed. Convergence Consulting, a Torontobased firm that collects extensive data on the North American cable and phone industries recently reported that while growth in the Canadian TV market grew by approximately 220,000 households annually between 2007 and 2011, a shift in the market began in 2013. TV subscriptions began to decline and have continued on this path at an alarming rate for cable companies. Many new households are choosing Netflix and video streaming over traditional subscriptions for a much lower monthly fee. While it requires having a TV that’s correctly set up with high-speed internet and either Smart TV or a media player like a Roku stick (as long as you have HDMI capability), it’s proving a small investment to save hundreds of dollars a year in services. Netflix subscriptions grew by almost a million in 2013 alone, and although Rogers/Shaw and Bell
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fought back with Netflix-like services such as Shomi and Crave TV, respectively, the trend continues in favour of noncable solutions. That is until the Canadian moguls joined forces with U.S. technology provider, Comcast. In the western provinces of Alberta and British Columbia, Shaw Communications Inc. has seen its first increase in cable subscriptions since introducing BlueSky TV, a voice-controlled television product launched in January of 2017. The product is powered by Comcast’s X1 technology, a cloud-based entertainment platform based in the United States. By the end of 2017, Rogers Communications, a primary provider in the east, abandoned its TV platform in favour of Comcast’s X1 technology, “Ignite TV,” which it introduced in a soft launch in July 2018 to Ontario customers only. However, gaining customers who were never cable subscribers in the first place is proving difficult. Some households, notably the younger generation, have never signed up for TV services, which pulls down net subscriber numbers. Other homes which once paid for cable are investing in Smart TVs and Netflix instead, turning a blind eye to any new cable offerings. “Netflix until recently was the only subscription option available to Canadians without a linear TV subscription,” says Brahm Eiley, president of Convergence Consulting. “We expect there will be more alternatives available to Canadians in the years to come.” Despite the attempts of the big cable companies to make a comeback, Convergence Research Group still estimates that by 2020 streaming services will surpass cable as the number one way Canadians watch TV. SOURCES:
https://www.ctvnews.ca/business/more-canadians-scrap-cable-packages-or-never-sign-up-report-1.2325386 http://fortune.com/2017/01/11/shaw-comcast-technology-market-share/
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TAX I M P L I C AT I O N S FO R
INCOME PROPERTIES IN CANADA BY
JULIE ACHTERMEIER
Renting out a room in your house, a basement apartment or an investment property can be a lucrative business, but it’s important to understand the income tax implications and ensure you file your income tax correctly each year.
WHAT TO DECLARE The Canada Revenue Agency (CRA) treats rental properties differently than your principal residence and requires that you declare rental income on your tax return by completing Form T776 (Statement of Real Estate Rentals) with your income tax return. On this tax form, you must declare the rent received from your tenants as well as any expenses. However, if you rent a room below fair market value – to an adult child for $30 a week, for example, you do not have to report the rental income. Keep in mind, the child cannot claim a rent credit either, as this is considered cost-sharing.
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If you rent your home through services like Airbnb, you need to include all amounts that are paid to you as rent when filing your income tax. Also, include goods or services you may have received instead of rent at their fair market value. For example, if your tenant offers to plow your driveway in exchange for a reduction of rent, you need to include the cost of the snow plowing as “other related income.”
WHAT TO DEDUCT If you rent out part of your principal residence, you can claim a tax deduction for a portion of the expenses based on the square footage the rental space occupies as a percentage of the total living space. Expenses you can claim include heat, hydro, water, home insurance, property taxes and mortgage interest. For example, if you rent a bedroom in your home and it takes up 10 percent of your living space, you can claim 10 percent of your household expenses. You can deduct interest that you pay on loans taken out to buy or repair your rental property, as well as fees you paid when taking out a loan (appraisal fees and mortgage application fees). You may also deduct any legal costs for preparing a lease, collecting outstanding rents or any fees related to mortgage financing. Bookkeeping fees and fees related to assisting with an audit can also be deducted.
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SHOULD YOU CLAIM CAPITAL COST ALLOWANCE? Many homeowners subsidize their mortgage by renting the basement or a room in their principal residence. When you rent out your family home, you have the option of claiming a capital cost allowance (CCA). CCA is an annual deduction in the income tax code which is declared on depreciable assets, referring to the building only. If you decide to claim CCA, it leads to tax savings in the short term, but you will have to pay capital gains when you sell your home. If you choose not to claim CCA, you miss out on depreciating significant renovations, such as a new furnace or new siding, but you do not pay capital gains when you sell your house.
WHEN IT’S TIME TO SELL If you sell a rental property, any gain will be taxable, unlike your principal residence which can be sold tax-free. To avoid paying taxes on a rental property, you can purchase a property in your name, rent it to a child and then sell or gift the property to the child in the future. If you gift the home to your child, for tax purposes, it will be treated as if sold for market value, and this amount becomes your child’s tax cost of the property. If instead, you sell the property to your child for an amount that is less than the market value, it will still be treated for tax purposes as if you disposed of it for market value. This exchange could lead to double taxation when your child ultimately sells the property, so it’s best to either make the home a gift or sell it at the fair market value.
2019-01-16 11:27 AM
ONLINE SYNDICATION PARTNERS - WITH -
GLOBAL REACH
Listings are posted daily to our extensive portfolio of online partners. Luxury listings are also posted to international editions of The Wall Street Journal, including Asia, Europe, India, China and Latin America, Mansion Global editions in English, Spanish and Chinese, and PropGoLuxury.
L U X U R Y O N L I N E PA R T N E R S
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2017-10-30 12:41 PM
MARIA STREET TORONTO SOLD FOR 135% of asking price.
MOBILE FEATURES in our
PRINT ADS
MA
DIANA
TEXT CODES
found in this magazine
MATHESON
allow mobile phone users to instantly view a mobile site for more photos and details about the listing.
Real Estate Broker & Appraiser
sales r Real Estate Services Ltd., Brokerage
(416) 236-1871 416-234-8010
matheson@trebnet.com dianamatheson.com
$1,038,000
split level home on huge private fenced lot! Reno'd eat-in kitchen w/ granite counters and walk out to patio. Main floor fam room w/ walk out to fully fenced garden. Much larger than it looks!
TEXT CODES to 52187
for more info
4 584 R21
Reall Estate Bookk
®
JasonWoodsAd_Cornell.pdf 1 2019-01-15 WWW.REALESTATEBOOK.COM
LOVELY AND SPACIOUS west facing 1 bdrm unit in sought after Waterview. Open concept living room, GREAT VALUE IN THE KINGSWAY eat in kitchen w/ walk out to 17' terrace. • Walk to shops and subway Ensuite laundry. • Finished lower level Great location, the • Second Floor Family Room lake, trendy bistros • Large Deck and Private+Garden shops at your 12:23 PM • Gumwood Trim. Leaded Windows doorstep.
www.25JacksonAvenue.ca
*Standard text messaging fees apply
IF MORTGAGES MAKE YOU FEEL LIKE THIS... 87813.11.4.000 QuartersB_REV3.indd 1
Looking For Your IT’S TIME FOR A NEW APPROACH! A stress-free mortgage process that ensures you have the right mortgage yourthinking needs at a great rate, unbiased, Areforyou of buying your professional advice that could save you thousands, plus next home? We can help! Here some of the friendliest mortgage professionals you’d at ever want to meet. Dominion Lending Centres, we know that All at no cost to home you*. That’s my approach! the buying process Contact me today to get started!
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87813.16.7 Print Ready.indd 11
$1,7
Call for $249,900 Free Market Evaluation
87 521
THE
HUMBER VALLEY
Text R1100360 to 52187 Exceptional 4 bdrm
send
et 3Z5 Stre L7M Main ON 123 kville, Oa
416raso
Cornell Tulloch Mortgage Agent 416.568.3962 cornell@ctmortgages.ca www.ctmortgages.ca
87813.16.7.000 Quarters Matheson.indd 1
2019-02-13 9:35 AM
True prid situated floors le designed overlook patio. Fo to offer.
JUST SOLD LEASED in Etobicoke
SOLD in Brampton
SOLD in Mississauga
SOLD in Tottenham
SOLD in Brampton
SOLD in Etobicoke
FRANK LOMBARDI Office: 416-232-9000 • Fax: 416-232-1281
S A L E S R E P R E S E N TAT I V E
647.271.0864
flombardi@hotmail.ca www.FrankLombardi.com
HOMESELLERS
OFFICE
905.825.7777 DIRECT 905.301.1044
neadie@royallepage.ca
REALTY PLUS Oakville, Brokerage
RE
S
www.NatashaEadie.com
19 .
8
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2 NEIGHBOURING PROPERTIES FOR SALE! Escarpment views. Minutes from City of Burlington. 4 bedroom home in tranquil country setting. Text R953680 to 52187
S RE AC 6 87813.16.7.000 87813.16.7 PrintLombardi.indd Ready.indd 121
Free computerized list w/pics of area home sales and current listings.
HomeValuesinToronto.com
$2,300,000
$1,750,000
Find out what homes down the street sold for!
2 NEIGHBOURING PROPERTIES FOR SALE! Equestrian Property. Escarpment views. Minutes from City of Burlington. 3500sf character home, indoor arena, 22 stalls & 4 paddocks. Text R843631 to 52187
Free recorded message
1-833-215-9002 ID# 3341 Diana Matheson, Broker, Royal Lepage Re Svcs.ltd
2018-10-23 12:24 2:15 PM PM 2019-02-11 2:43 2019-02-13
Sue Wade West Sales Representative DIRECT:
416-436-8989 OFFICE:
YOU CAN'T BUILD ONE like this for the price we're asking! 1 block to the Lake & steps to Long Branch GO. High-end quality and nothing was spared. 3 bdrms, 4 washrooms, gourmet kitchen, skylight and stone fireplace. Master bdrm retreat with a w/o to a balcony. Fabulous bsmt with high ceilings and a walkout to backyard. This is a must see! $1,399,000
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416-762-8255 sue@suewadewest.com www.suewadewest.com
REAL ESTATE SERVICES LTD., BROKERAGE
THINKING OF OF THINKING OFSELLING? SELLING? THINKING SELLING? LEAH LE GIANNONE HONS. LEAH GIANNONE HONS. B.A B.A Sales Representative Sales Representative
Award A Winner 2016, 2017, 2018 Award Winner 2016, 2017, 2018
416-333-6178 416-333-6178
GiannoneRealty@gmail.com GiannoneRealty@gmail.com www.SoldByLeah.com www.SoldByLeah.com
CALLING ALL RENOVATORS AND REMODELLERS! This
Independently and Operated Independently Owned Owned and Operated
22342234 BloorBloor StreetStreet West West Toronto, ON 1N6 M6S 1N6 Toronto, ON M6S O: 416-760-0600 • F: 416-760-0900 O: 416-760-0600 • F: 416-760-0900
DD L L SSOO
DD L L SSOO 1010BROUGHAM BROUGHAM TEXT R1127647
CALL ME FOR DETAILS
is an ideal home located SOLD near Jane and Eglinton. The home conveniently has an open concept living and dining space 10 BROUGHAM CRES with a breakfast area in the kitchen. The home has much SOLD potential and is close to schools,TTC and amenities. You don’t want to miss this 20 GATEWOOD 20 GATEWOOD one! Please email or call me to schedule a viewing. 20 GATEWOOD
CALL CALLME MEFOR FORSIMILAR SIMILARRESULTS! RESULTS!
TEXT THE UNIQUE PROPERTY CODE TO 52187 FOR MORE PHOTOS AND INFORMATION Not intended to solicit properties already listed for sale, or buyers under contract Not intended to solicit properties already listed for sale, or buyers under contract
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3505 Lake Shore Blvd West, Toronto, ON REAL ESTATE INC. BROKERAGE
416-363-3473 | foresthilletobicoke.com
E TO B I C O K E
TEXT THE UNIQUE PROPERTY CODE TO 52187 FOR MORE PHOTOS AND INFORMATION
BRENDA C. TZANNIS
MICHELE BAKSA
SALES REPRESENTATIVE
SALES REPRESENTATIVE
Direct: 416-988-8161 brenda@homesthatmoveyou.ca Follow me on IG @b_tzannis
Direct: 416-948-8732 Michele@baksahomes.com
LIVE IN ONE OF THE TRENDIEST NEIGHBOURHOODS IN THE CITY! 507sqft 1 Bedrm 1 Bath O/C Loft Style Condo W/ 9’ Smooth Concrete Ceilings, Floor to Ceiling Windows & European Style Kitchen W/Moveable Island. Walk to Queen St W, King St $499,900 · TEXT R1125781 & Liberty Village.
ART CONDOS
EXCLUSIVELY SOLD 6th Flr South Facing 1 Bed+Den 1 Bath Finished with all High End Finishes & Large Terrace W/Treed & Lake Views. EXCLUSIVE FOR SALE 7th Flr, 611 sqft, 1 Bed 1 Bath Corner Unit W/ Gorgeous Finishes & Lake $439,900 · TEXT R1125783 Views, 1 Park/1 Locker.
WATERMARK CONDOS
TEXT R1125786
Y&S CONDO DEVELOPMENT by Tribute Communities! Located at 2161 Yonge Street in one of Toronto’s more desirable communities. Now Selling! Contact me for prices and additional information! Don’t Miss Out!
LEILA TALIBOVA SALES REPRESENTATIVE | MANAGING PARTNER
Direct: 416-569-5818 talibova.leila@gmail.com
$2,050/MO · TEXT R1125788
87813.16.7.000 ForestHill V2.indd 1
STUNNING LAKE FRONT bright 1 bedroom unit with a breathtaking water view. Large balcony with a W/O to living rm and master brm, modern kitchen with granite counter, SS appliances, upgraded hardwood floors, amenities feature: indoor pool, Jacuzzi, sauna, whirlpool, spinning/yoga + exercise room, sports lounge, BBQ area, cyber lounge, 2 guest suites, car wash, minutes to downtown core.
2019-02-11 11:11 AM
Thinking of Moving?
Call for a Fre e & Confidential Market Analysis of your Home
David Ortino
MBA BROKER OF RECORD
PLATINUM PIN REALTY, BROKERAGE
INDEPENDENTLY OWNED AND OPERATED
5 M inu te C all B a ck G u aran te e
More Info Call:
TORONTO WATERFRONT COMMUNITY
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TORONTO WILLOWRIDGE-MARTINGROVE
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TORONTO BAYVIEW VILLAGE
416-222-7653
TORONTO LAWRENCE PARK
ETOBICOKE ALDERWOOD
TORONTO STONEGATE-QUEENSWAY
Recently reno d split 2 BR / 2 full bath suite in boutique Lawrence Park building. W/O to large balcony on quiet side of bldg. Spacious kitchen w/brkfst bar & plenty of cupboards. Large master w/2 clst & ensuite w/sep shower & o/z tub. Other BR has a dbl closet & lrg window.
Corner unit townhouse! O/C layout, apprx 1800 sqft of living space, fin bsmt, granite counters, 2 side by side FP, pot lights throughout, crown molding, Jacuzzi tub & 2 decks. Off QEW & hwy 427. Walk to Sherway gardens.
Full size freehold townhome in the Parklawn community! 3 BRs, 2 bathrooms, 2 powder rooms & large principal rooms. Lower level bonus room. Open kitchen w/granite counters, breakfast bar. W/O to a large patio & back yard!
TORONTO PRINCESS-ROSETHORN
ETOBICOKE ISLINGTON-CITY CENTRE
TORONTO ISLINGTON-CITY CENTRE
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Premium 60'X134' lot in the heart of Eatonville. 2,200+ sqft of living space, surrounded by multimillion dollar homes. A wonderful opportunity to live, renovate or build in a family neighbourhood. Close to all amenities & hwys.
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Large well-cared for home! Bright & spacious. Large living spaces, king size BRs, 2 full bathrooms & warm & dry basement - a perfect place to raise a family. Oversize garage & ample driveway. Excellent schools nearby.
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Pier 27 condo w/wrap around balcony overlooking views of both lake & city. 3 BR, 2 bath suite. Approx. 1247 sqft w/open concept kitchen w/stunning cabinetry & counter tops. 10' ceilings & hardwood throughout. Floor to ceiling windows!
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Priced to sell!! Reno d 4 BR/3 bath family home on quiet street. New chef's kitchen w/quartz counters, SS appl, brk bar & W/O to patio. FP & 2ndW/Otopatioinfamilyrm.Landscapedyard. Large master w/new 4pc spa-like bath.
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Next to Bayview Village & subway. Sun drenched 1 BR/1 bath w/ floor to ceiling windows & 249 sqft terrace. Open concept living area with gorgeous contemporary finishes. Large master w/ w/o to balcony & lrg closet.
This2800+sqfthomeisonaculdesacadjacent toIslingtonGolfClub.Walktoshopping,subway & schools. Lrg fam rm with FP & W/O to deck & private garden. Hrdwd flrs thru/out, the lot is pie shaped & very private.
TO VIEW ALL OF MY LISTINGS, PLEASE VISIT DAVIDORTINO.COM 87813.16.7 Print Ready.indd 15
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S A L E S R E P R E S E N T AT I V E
Turn of the Century Architecture & Character Homes TORONTO WEST, HIGH PARK, RONCESVALLES VILLAGE, PARKDALE, BLOOR WEST/JUNCTION
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Office: 416-588-8248 Direct: 416-822-3525 87813.16.6.016 Kerbler V1.indd 1
realestatesolutions@rogers.com
www.kerbler.com 2019-01-16 6:54 PM