1 King St W

04 kitchen and entry

12 mbr3

 

$249,900

Ste: 2001

MLS: C3103814

The Residences at One King West. Architecturally inspiring and ideally located.  Tastefully Renovated Suite. Fully Furnished. Corner Suite. Windows In Every Room. Natural Light Galore. Terrific Floor Plan. City Views. 10′ High Ceilings. Shower and Tub. Sliding Glass Bedroom Door. This Unit Is A Perfect Pied-A-Terre Or For A First Time Home Buyer. Just Move-In Or Rent-Out. Great Investment Potential. Rental Income At Approximately $1800 Monthly.

This Condo Includes: All furniture, All Light Fixtures. All Window Coverings. Fridge, Cooktop, Oven, Built-In Dishwasher, Microwave/Fan, Washer/Dryer. Walkscore And Transit Score of 100. Entertainment, Shops, Restaurant, Banks and HWY Access Nearby. Path Access And Subway Access In The Lobby. Rogers High Speed and VIP Cable Package Included.  Residents Enjoy 5-Star Facilities. Concierge. Lobby Bar and Restaurant. Valet Parking. Pay-Per-Use Services. Beautiful Historic Building.

For more information please visit www.1KingSt2001.com

Please contact me direct at 416-520-6746 or by email, David@DavidStoddard.ca

 

33 Harbour Sq.

05 address sign

 

 

 

 

 

18.1 unit view2

 

 

 

 

 

 

 

$314,800

Ste: 1630

MLS: C3078176

Harbourfront Living. Steps from the Boardwalk in a High Demand Building at the Foot of Bay St. Freshly Painted, Open Concept 547sf Condo. Natural Light Galore from the Double Juliette Balcony Doors. Quiet Courtyard Exposure. Terrific Ensuite Storage with Two Double Closets in the Bedroom and Two Closets in the Front Hall. Parking and Locker Included. This Unit is a Perfect Pied-a-Terre or for a First Time Home Buyer.

This Condo Includes: All Light Fixtures. All Window Coverings. Fridge, Stove, Hood Fan, Built-In Dishwasher and a Microwave. Phantom Balcony Screen. 100 transit score. Shops And Restaurants Nearby. Highway and PATH Access Nearby. Incredible Building Amenities Including a FREE Shuttle Service, Visitor Parking, Concierge, Gym, Indoor Pool With an Outdoor Sundeck, Squash Courts, Terrace With Outdoor BBQ’s, Event Room, Guest Suites, Library, Sauna, Yoga and Pilates Classes.

For more information please visit http://www.33harbour1630.com/

Please contact me direct at 416-520-6746 or by email, David@DavidStoddard.ca

763 Bay St

7 dk3

 

 

 

 

 

5 dl1

 

 

 

 

 

 

 

$498,800

Ste: 2410

MLS#: C3026935

Live In The Popular Residences Of College Park 1. Immaculate Condo With Terrific Sunlight. Over 700Sf Of Open Functional Living Space. Walk-Out To A Great View From The West Facing Balcony. There Are Many Tasteful Built-Ins For Added Storage. Beautiful Maple Hardwood Flooring Combined With Dark Kitchen Cabinets. The Breakfast Bar Provides For Ample Counter Space. Double Sink. Style Galore. Outstanding Building Amenities. Well Run Building. High Demand Neighbourhood To Live In.

This Condo Includes TWO Lockers!! All Electric Light Fixtures. All Window Coverings. Fridge, Stove, Built-In Dishwasher, Built-In Microwave/Fan. Stacked Washer and Dryer. Incredible Built-Ins And Storage Solutions Included. TTC and Too Many To List Shops And Restaurants Nearby. Highway Access.

For more information please visit www.763Bay2410.com

Please contact me direct at 416-520-6746 or by email, David@DavidStoddard.ca

156 Rhodes Ave

ext1

 

 

 

 

 

l1

 

 

 

 

 

 

 

$648,800

MLS#: E2923566

This Stunning Home Has It All. Total Renovation Back To the Studs. Many, Many Upgrades Including A Sump Pump. A Functional Main Floor Open Concept Layout With A Powder Room. Natural Light From Front to Back. Stunning Chef’s Kitchen With A Gas Stove, Counter Space And Storage. The Rear Family Room Overlooks A Small “Al Fresco” Yard. The Master Bedroom Has A 3-Pc Ensuite. A Custom Closet System Has Been installed In The Middle Bedroom. A Well Designed Turnkey Basement Income Suite Or In-Law Suite. Convenient Two-Car Parking. A Beautiful Landscaped Front Yard.

This Home Includes All Electric Light Fixtures, All Window Coverings. Stainless Steel: Fridge, Stove, Dishwasher And Hood-fan. Washer And Dryer. Basement Bar Fridge. Alarm System. The Seller Is Willing To Include Select Items From The Turnkey Basement Income Suite.

Walk To Little India Or Leslieville. The Neighbourhood is Fantastic With Parks, Trails, Restaurants, Shops, Recreation and Schools Nearby. The TTC Is Within Walking Distance. The Walkscore is 92 and The Transit Score is 88.

Enjoy The “ Sense Of Community” On Rhodes Ave.

For more information please visit www.156Rhodes.com

 

77 Maitland Place Unit 619 $298,800

Live In Popular Celebrity Place. Minutes to Downtown, Shopping, Schools and the TTC. Immaculate Corner Unit With Over 700Sf Of Open Living Space. New Paint, Stunning New Bamboo Floors, New Designer Light Fixtures, New  Modern Door Handles. Quiet Garden View From The Large Private Balcony. Breakfast Bar Provides For Ample Counter Space. Pantry for Extra Storage, Double Sink. Stainless Appliances. Huge Bedroom With an Amazing Walk-In Closet. Ensuite Laundry!! Extra Closet Space Galore!

All Electric Light Fixtures, All Window Coverings, Stainless Steel :Fridge, Stove and Dishwasher, Stacked Washer and Dryer, Locker, Parking Available at $80/mo, Concierge, Gym, Event Room. Indoor Pool, Convenience Store, Squash/Raquetball Courts, Movie Room, Beautiful Gardens. Well Managed Building.

For more pictures and property information go to http://www.77maitland619.com/

Please contact me direct at 416-520-6746 or by email, David@DavidStoddard.ca

231 Fort York Blvd. Unit 1711 $398,800

Live In Popular Waterpark City Near the Harbourfront. Immaculate, Sun-Drenched Corner Unit With Floor To Ceiling ,Wrap-Around Windows. Over 800Sf Of Open Living Space With A Popular 2Br Split Design. Spectacular View Of The Cn Tower And the Cityscape From Your Living Room. Lake View From The Balcony. Beautiful Dark Maple Hardwood Flooring Combined With Dark Kitchen Cabinets. A Breakfast Bar Provides Ample Counter Space. Double Sink. Stainless Appliances. Outstanding Amenities. Fantastic Condition. Steps to King St. and Liberty Village.

Included are All Electric Light Fixtures, All Window Coverings,Stainless
Steel:Fridge,Stove,Dishwasher,Hoodfan,Stacked Washer and Dryer, Security
System, Parking and Locker, Visitor Parking, Concierge, 8th Floor Bbq Terrace, 13th Floor Water View Terrace, Gym, Guest Suites, Event Room. Pool and Billiards Room.

For more pictures and property information go to www.231FortYork1711.com

Please contact me direct at 416-520-6746 or by email, David@DavidStoddard.ca

68 Carr St. Unit TH7 Toronto $399,000

City living at its best in a quiet , professional townhouse community. This elegant , private 2-storey townhouse condo has a fantastic rare, sun drenched 257sf rooftop patio with a bbq gas hook up, outlets and a hose bib. Over 900sf of functional open concept living space . Natural light galore with windows in all rooms. A Juliette balcony off of the living room brings in fresh air from the courtyard. Beautifully manicured grounds to show off to your guests. A heated parking garage with visitor parking. Round the clock security. Alexandra Park nearby. Steps from Queen W, King W., Little Portugal, Little Italy, Kensington Market. TTC at your door. Shops and restaurants galore including Loblaws, Starbucks, CB2, Shoppers Drug Mart and Winners. Minutes to the downtown core. Parking and locker included. Excellent value. Excellent condition. Included are all electric light fixtures, all window coverings and all stainless steel appliances.

For more pictures and property information go to www.68Carr.com

Please contact me direct at 416-520-6746 or by email, David@DavidStoddard.ca

Here’s How to be Different…..

When I purchased my first home years ago I wish that I had a condo and home  tour program available to me to familiarize myself with the market.

Most agents will not do home and condo tours.

They want to lock you in before they show you homes.

Yikes!

My tour of homes and condos provide education.

Listings are helpful however inside tours rule.

See you soon.

Please contact me direct at 416-520-6746 or David@TorontoRealEstate.ca

Frequently Asked Questions: Buyers

Should I have a plan in place before I begin the buying process?

Yes, this is very important. Every goal requires a plan. Buying a home is a very important decision and the preparation is crucial.. Your Sales Representative will help put together a systematic plan for you which will ultimately save you time and effort and minimize your level of stress throughout the process. Knowing how the process works ahead of time and what your needs are will provide a solid foundation going forward….and provide for a very enjoyable experience.

Should I speak to my lender about obtaining a full mortgage pre-approval prior to looking at homes to purchase?

Yes, this is a very necessary first step in the home buying process. Your pre-approval on paper is like a credit card with a spending limit. Your home search is based on your level of financing. Also, having your interest rate locked-in for 4 months protects you from interest rate increases. Being pre-approved also gives you strength in your negotiations with the Seller. Sellers typically do not want to entertain an offer on their property unless a Buyer has been fully pre-approved.

Should I use the full amount of financing the bank offers me?

It is very very important to prepare a personal budget as part of your initial preparation. Your mortgage pre-approval is based on your gross income. Your monthly expenses are paid from your net income. Therefore your personal budget is based on your net income. Know the amount of your net income left over at the end of the month that will be used for your fixed shelter costs ( principal , interest, heat, hydro, insurance, property tax, water/waste, condo fees)  . Your Sales Representative should prepare a cash-flow analyses for you . The analyses will show you what purchase price range will be ideal based on your personal budget.

What does it cost as a buyer to use a sales representative?

There is no cost for a Buyer under a Buyer Representation Agreement to use a Sales Representative. The Seller pays the commission which is typically 5% split between the Listing Agent and the Buyer Agent.

Can my Sales Representative give me information regarding properties from other Companies?

Yes, if that other company is a member of Multiple Listing Service (MLS) which most companies are. For Sale By Owner ( FSBO) properties are not listed on MLS so a Sales Representative likely would not be able to provide information regarding them. However, with a Buyer Representation Agreement your Sale Representative may be able to help you purchase a FSBO.

What if I find a property on my own?

You should contact your Sales Representative and not the property owner or the Listing Agent. Having the address or MLS number is very helpful and will assist your Sales Representative in gathering information about the property. The Listing Agent is working on behalf of the Seller and does not have your best interests in mind.

What type of information will my Sales Representative need from me?

A Sales Representative will need any type of information regarding the property you are looking for that is important to you. For example; type of house,  number of bedrooms, number of bathrooms, garage size, price and location are common criteria. Other considerations include; the school district  and room sizes. Keep in mind that a search that is too specific may narrow your list of properties too much while one that is too broad may give you more properties to look at than you have time to go through.

Can I go to open houses without my Sales Representative?

Yes, it is a terrific way to research homes. However, you must inform the attending Sales Representative that you are already under a Buyer Representation Agreement.

How can I find out about new properties?

Your Sales Representative will enter your search criteria into the MLS system and you will be automatically emailed Realtor listings as soon as they come on the market or there is a price change. This is a terrific research tool.

What if I am unhappy and want to cancel my Buyer Representation Agreement?

Let the Sales Representative know why you are unhappy and see if you can work through the problems . If you cannot then the Sales Representative should accommodate your request.

Am I obliged to use the service providers that my Sales Representative recommends?

No, you can use whomever you would like. However, your Sales Representative is recommending for example a certain lawyer, lender or home inspector for a good reason;  because he or she knows how that particular service provider works . That is extremely valuable and helps to minimize any turbulence during the home buying process.

Can I use my RRSP’s to use as a down payment to purchase my home?

Yes, under the Federal Government’s Home Buyers Plan (HBP) you and your partner can each use up to $25,000 of your RRSP funds . Essentially you are loaning yourself the funds and the payback period is 15 years interest free using straight-line amortization. Certain criteria apply so be sure to check them out first.

What is the minimum down payment required to purchase a home?

If the home will be your principle residence the minimum down payment is 5%. If you are purchasing an investment property that you will not be living in the minimum down payment is 20% .

Is there such a thing as a 0% down payment?

Yes, this is known as a “cash-back” mortgage. As an example the bank will give you cash equal to 5% of the mortgage principal with a six-year fixed rate mortgage. The interest rate charged is the posted rate not the discounted rate. Certain restrictions apply.

What’s the difference between a chattel and a fixture?

Chattels are items of personal property in a home . Examples: fridge, stove, washer, dryer, window coverings. Fixtures are items that are attached to the property. Examples:  built-in shelving, broadloom and light fixtures. It is important to clarify on the agreement of purchase and sale which items are staying with the buyer and which items are going with the seller to save on costly misunderstandings.

What closing costs should I anticipate?

Outside of the cost of the home itself there will be closing costs due on your closing day. These costs may include: home inspection, termite inspection, appraisal fees,  HST on your CMHC insurance,  legal fees, provincial and city land transfer taxes, title insurance, survey, mortgage application fee, home insurance,  adjustments for property taxes, mortgage interest rate and maintenance fees if purchasing a condo.  Typically the closing costs can run anywhere from 1.5%-2.5% of the purchase price. Your Sales Representative should have prepared a closing cost spreadsheet for you in the initial buyer consultation.

Am I exempt from paying the Provincial or Toronto land transfer taxes?

If you have purchased a home anywhere in the world you are not exempt . If you are a first time buyer then you are exempt up to $400,000 of the purchase price in the City of Toronto and exempt up to $227,350 of the purchase price in the Province of Ontario.

Can I back out of an agreement of purchase and sale once it has been accepted by the seller?

The agreement once accepted is a binding contract. There is a risk of legal liability if you want to cancel the agreement.

What is the minimum deposit required?

Typically the minimum deposit required is 5% . A seller may refuse to accept your offer if a small deposit is proposed. The deposit will signify your interest in the property and a higher deposit shows the seller that you are taking the offer seriously . Your strong deposit can be used in your favour during negotiations. Typically the deposit is due 1 banking day after offer acceptance payable by a certified cheque or bank draft to the Listing Broker’s trust account.

What is mortgage insurance?

If your mortgage is “ high-ratio” ( exceeding 80% of the property’s value or less than 20% down payment) it must be insured by the Canadian Mortgage and Housing Corporation ( CHMC) or Genworth Capital. The insurance protects the lender in case you default on your mortgage. The insurance premium is added to your mortgage principal and amortized over the life of the mortgage.

What are the typical conditions in any offer?

Once you have found that perfect home it is time to make an offer provided certain conditions are met. These may include:

a)      Financing-Even if you are pre-approved for a mortgage the property will require an appraisal to assure the lender that the price you are paying falls within accepted market value. The typical condition period is 5 banking days from offer acceptance.

b)      Home Inspection- This condition provides an opportunity to have the property inspected by a qualified home inspector who will look for any MAJOR defects in the home. It is not common to have a condo apartment inspected as the structure is covered by the condo corporation. Condo townhouses are usually inspected. The typical condition period is 5 banking days from offer acceptance.

c)      Condominium Status Certificate- This condition applies only to the purchase of a condominium. The status certificate is a financial snapshot of the condominium corporation. Your lawyer will review the documents to ensure the corporation is financially sound and meets all of the requirements under the Condominium Act. By law the property management company has up to 10 banking days to prepare the Status Certificate . The cost is a maximum of $100 and the Seller normally pays for this. Your lawyer will have 2 banking days to review the documents and provide an opinion.

What is the role of my lawyer?

Your Sales Representative will forward all documentation related to the purchase to your lawyer. Your lawyer will examine the status certificate in a condominium purchase.  Your lawyer’s job is to certify good and marketable title to the property free of encumbrances , liens and judgments. Your lawyer will also receive instructions from your lender and prepare the draft mortgage documents. The lender will release the funds to the lawyer once the documents are signed. Some lenders will hold back a certain amount from the advance on closing to start a property tax account. This insures property taxes are never in arrears. Your lawyer will prepare a statement of adjustments which itemizes the debits and credits from the balance to be paid on the closing  day.

Should my Sales Representative be overseeing my purchase from start to my closing day?

Absolutely! Under a Buyer Representation Agreement your Sales Representative will be looking after your best interests, protecting you and providing you with objective counsel and advise along the way. Your Sales Representative should also be keeping in touch with you after you have moved in to insure everything is going well.

Should I rent or should I buy? Does a Sales Representative have the magic answer?

This is something that only you can answer. Are you ready, willing and able to purchase a home? Most people are ready and able, it is the willingness that is holding them back. Your Sales Representative should be providing the correct facts about the local real estate market. The positives of buying certainly are many. To name a few positives: a place to call home , building wealth through equity growth, low financial volatility, a capital gain tax advantage,  government programs such as the Home Buyers Plan, a sense of community, pride of ownership . Remember, landlords are building their wealth renting out their real estate.

Please call me at 416-520-6746 or email me, David@TorontoRealEstate.ca

Toronto Land Transfer Tax Calculation

The preceding chart is based on the Toronto Land Transfer Tax levied by the City of Toronto, as of February 2008.

To calculate the total Toronto Land Transfer Tax payable for residential properties, add the following together:

0.5% on the first $55,000
plus 1.0% of the amount from $55,001 to $400,000
plus 2.0% of the amount in excess of $400,000

OR use the following table:

PURCHASE PRICE CALCULATION OF LTT
0 – 55,000 .005 x Amount
55,001 – 250,000 (.01 x Amount) minus 275
250,001 – 400,000 (.015 x Amount) minus 1525
400,000 + (.02 x Amount) minus 3525

If the purchase price falls within this range, then apply formula to purchase price (e.g. on a $175,000 home (.01 x 175,000) minus 275 = LTT)

Note: The residential Toronto Land Transfer Tax Rebate applies only to the first time buyer on the purchase of a new home or a re-sale home. 

For additional information please contact the City of Toronto at 416.338.0338

Provincial Land Transfer Tax Calculation

The preceding chart is based on the Provincial Land Transfer Tax levied by the province of Ontario, as of February 2008.

To calculate the total Land Transfer Tax payable for residential properties, add the following together:

0.5% on the first $55,000

Plus 1.0% of the amount from $55,001 to $250,000

Plus 1.5% of the amount in excess of $250,001 to $400,000

Plus 2.0% of the amount in excess of $400,000

OR use the following table:

PURCHASE PRICE CALCULATION OF LTT
0 – 55,000 .005 x Amount
55,001 – 250,000 (.01 x Amount) minus 275
250,001 – 400,000 (.015 x Amount) minus 1525
> 400,000 (.02 x Amount) minus 3525

If the purchase price falls within this range, then apply formula to purchase price (e.g. on a $175,000 home (.01 x 175,000) minus 275 = LTT)

Note: The residential Provincial Land Transfer Tax Rebate applies only to the first time buyer on the purchase of a new home.

For additional information please contact the Ontario Ministry of Finance at 905.433.6361

What Qualities Should People Look For in a Realtor?

If I was in the market to a buy a home today, I would look for the following:

1. How responsive is this Realtor in the initial contact?

2. Does this Realtor have the market knowledge, i.e.: number of listings on the market, number of homes pending, number of homes sold in the past three months, average days on the market, sales-to-listings ratio.

3. Does this Realtor seem comfortable, relaxed, and confident and has a pleasant demeanor?

4. Is this Realtor a full-time Realtor putting all of his/her time and energy into the profession?

5. Does this Realtor have the skills to properly represent my interests?

6. Does this Realtor ask questions about my likes, wants and needs? Does this Realtor listen to my answers?

7. Does this Realtor offer a no obligation detailed buyer consultation prior to working together which includes an overview of the home buying process, a cash-flow analyses and a closing cost analyses?

8. Does this Realtor offer free value added services prior to working together such as a no obligation tour of homes ?

9. Does this Realtor incorporate a personal budget analyses into the home buying process?

10. Does this Realtor offer suggestions based on the answers he/she receives?

11. Does this Realtor understand the economic principles and conditions affecting today’s marketplace?

12. Does the Realtor have a list of past clients as references that you can call?

13. How available will the Realtor be through telephone, text,  e-mail or in person to answer questions and concerns during the entire real estate process from start to finish?

14. Does the Realtor have a list of lenders, inspectors, lawyers, contractors, etc. that he/she can refer if needed?

15. Does the Realtor have the confidence and skills to do all the things necessary to negotiate the best price ?

16. Does this Realtor keep in touch after the sale has closed with a newsletter, market updates, CMA’s?

17. Does this Realtor work for a Brokerage that has a strong brand and market presence?

Once I have a comfortable feeling to the above questions then I know I have found the Realtor who I want to represent me in the buying, negotiating and ultimate closing of my home.

Please contact me  , David@TorontoRealEstate.ca or 416-520-6746.

The 16 Most Common Mistakes Home Buyers Make

Being fully prepared  for your home search is a must. 

Here are some common mistakes that home buyers make:

http://tinyurl.com/ylr46ld  

Having me on your side as your trusted Consultant and Advisor will eliminate mistakes and will unlitmately save you a lot of time and effort.

Please contact me at 416-520-6746 or email me at David@TorontoRealEstate.ca .