PRESENTED BY THE GOLFI TEAM March 18, 2013 - Vol 49a HOME EVALUATION NO COST • NO OBLIGATION 905-575-7700 • 905-945-0188 113 Mountain Park Avenue, Hamilton, ON See page 9 for details. WHAT’S INSIDE: Senior Downsizing Can be Overwhelming PAGE 7 Grimsby, Lincoln West Lincoln & Niagara Listings PAGE 5 Hamilton, Stoney Creek, Ancaster, Dundas & Glanbrook Listings PAGE 9 R DOWNSIZING SENIOR DOWNSIZING SENIOR DOWN R DOWNSIZING SENIOR DOWNSIZING SENIOR DOWN
Transcript
P R E S E N T E D B Y T H E G O L F I T E A M
March 18, 2013 - Vol 49a
Rob GolfiSales Representative
HOME EVALUATION NO COST • NO OBLIGATION
905-575-7700 • 905-945-0188
113 Mountain Park Avenue, Hamilton, ON See page 9 for details.
WHAT’S INSIDE:
SeniorDownsizingCan beOverwhelmingPAGE 7
Grimsby, Lincoln West Lincoln &Niagara ListingsPAGE 5
Information based on recorded commissions paid between January and December 2012 from the REALTORS® Association of Hamilton-Burlington. Rankings are compiled from #gures submitted by regional and local o$ces.
RobGolfi
Sales Representative
SharonStafford
Sales Representative
HeatherReid
Sales Representative
HansMarcellissenSales Representative
WendyMurray-NicholsonSales Representative
MikeMcNeil
Sales Representative
KristinaKing
Sales Representative
JohnHellicar
Sales Representative
MargaretBerlo
Sales Representative
DanGolfi
Sales Representative
LynnPage
Sales Representative
March 18, 2013 The Golfi Team Real Estate Market Watch Page 3
Call Today 905-575-7700
“Dear Heather Reid and the Golfi Team,
Neil and I would like to express our gratitude foreverything you have done for us in the sale and closingof our home on Fennell Avenue in Hamilton.
Far beyond getting it sold, given the situation of ourrelocation to a distant city, and not being able to takecare of many of the small details a property sellerwould, your initiative and willingness to jump in andtake are of these details was above and beyond theservice we expected of our realtor.
And of course I cannot close without mentioningyour service as a realtor – selling our home in 3days after 3 unsuccessful months with a previousrealtor was such a relief! Your professionalism,knowledge, and drive were very muchappreciated. We would like to extend our thanksto the entire Golfi Team that supports you.
We wish you well and much continued successin your career! Very well deserved!
–Sincerely, Stacey Pediny & Neil McCraig
WHAT OUR CLIENTS SAY...
Thank you for the beautiful flowers! - Heather
www.golfiteam.com
Page 4 The Golfi Team Real Estate Market Watch March 18, 2013
Brushed Aluminum Blinds with Chocolate Tapes fromBudget Blinds in Grimsby
"Open basement." What anamazing idea; instead of hidingyour basement make it areverse foyer. Stunning.
Check out the Before andAfter. universalconcepts.ca
43 Practical BathroomOrganization Ideas
www.pinterest.com/
robgolfi
Acouple bailed out of a homepurchase when they heard arumour it had been used as a
grow op. That cost them more than$12,000.
If you learn that your home was onceowned by a drug dealer, must you dis-close that to a potential buyer when yousell?
Donald and Jodi Dietrich bought ahome in Winterbourne, Ont. in 2001.They were told by a neighbour severalyears later that an earlier owner was adrug dealer. In 2007, the Dietrichs con-tacted Waterloo Regional Police becausethey had heard that their property hadbeen a grow house. The police told themthere was no record of any grow op on theproperty.
They sold their home on January 31,2010 to Mark and Elizabeth Leech for$655,000, with a $10,000 deposit. Thedeal was scheduled to close on May 14,2010. They did not say anything aboutthe rumours, but before closing, the buy-ers also heard that a prior owner was adrug dealer.
The Leechs also went to theWaterloo Regional Police who told themthe property had been identified as hav-ing a “clandestine or secret lab”. On
March 29, 1995 a large quantity of hashoil was seized at the property althoughpolice did not find any grow operation ormeth lab.
The Leechs wanted out of the deal.They argued that since the sellers musthave known about this, they had a legalduty to disclose it and since they didn’t,the deal was off.
The Dietrichs claimed they knewnothing about a grow operation or methlab, but the deal didn’t close. The Leechssued for the return of their $10,000deposit and the Dietrichs sued for dam-ages suffered in not being able to closethe deal, which came to $12,237.68.
In Small Claims Court, the Leechssubmitted a March, 1995 newspaper arti-cle that suggested seven pounds of hashoil was seized, and a police report thatsaid a room beneath the garage may havebeen at one time a hydroponic growroom. The police report suggested thatcharges were laid against several peopleas a result of that criminal investigation.
Deputy Judge Sebastien Winny ofthe Kitchener Small Claims Court deter-mined on October 17, 2012 that a priorowner of the property manufacturedsome hash oil in the garage as a clandes-tine or secret laboratory. No evidence was
provided that those activities caused anydamage to the property. There was noproof of there having been any marijuanagrow operation or meth lab on the proper-ty.
The judge also found that the sellershad no actual knowledge of anythingrelated to the drug manufacturing exceptthe rumour from the neighbour. Theinformation the sellers received from thepolice suggested the rumour was false.There was no duty on the seller to dis-close vague, unsubstantiated rumours.
As such, the judge held that the buy-ers had no legal justification for refusingto close, so the sellers were given alldamages that they proved as a result ofthe buyers not closing, including extrarental costs and lost wages in dealingwith the matter. If the sellers did haveactual knowledge about a grow house opor meth lab on the property, they wouldhave been required to disclose this infor-mation.
If you are thinking about buying ahome that used to be a grow house oper-ation, there may be damage caused byexcess moisture. You will need to makesure the property has been remedied andcertified by a company that providesthese services. This could also require
having the electrical system inspectedand cleared by the Electrical SafetyAuthority. This will be the minimumrequired by any insurance company.
Mark Weisleder is a Toronto realestate lawyer. Contact him [email protected]
False Grow op Rumour Kills House Sale
Gianni Leonetti
Leonetti Consulting
Gianni Leonetti began his career
in 1997 with RBC Insurance and is currently thepresident and founder of Leonetti Consulting forthe past 10 years. He is an active member ofAdvocis, The Financial Advisors Association ofCanada, and a past member of the MDRT MillionDollar Round Table, professional organizations.
Gianni develops and consults on wealthbuilding strategies and works closely with legaland accounting professionals. He incorporates taxefficient insurance structures such as insurancetrusts, corporate planning and estate planningsolutions in his practice, for the benefit of hisclients and their families.
Gianni is currently pursuing the CLU desig-nation, Chartered Life Underwriter and the TEPdesignation, Tax and Estate Practitioner, whichwill further enhance his knowledge and skill set.
Gianni serves on the board of directors of theHalton Women’s Place, CIBPA ( Canadian ItalianBusiness Professionals Association of HamiltonHalton ) and the Advocis Hamilton chapter.
Gianni lives with his wife Christine and theirson Gianluca in Stoney Creek. He is a fitnessenthusiast and an avid golfer that enjoys a greatround of golf with friends and business associ-ates.
Contact Gianni at 905-690-5052, ext. 251 or email him at [email protected]
Call Today 905-945-0188
March 18, 2013 The Golfi Team Real Estate Market Watch Page 5
Rob Golfi*
Grimsby, Lincoln West Lincoln & Niagara
grimSby $459,900
23 Tunbridge Crescent9 year old One Floor Beauty. Open concept home featureshrdwd, cer & carptd bed. Main flr family room withwalkout to fenced in back yard with spacious deck.Basement is professionally finished with oversized recroom,bathroom, bedrooms & office space
$1739.28 per/mth P&i / o.a.C.
grimSby $309,900
683 Ridge Road WestBeautifully decorated 3+1 bedroom bungalow. Updatesinclude granite kitchen counters, newer roof, furnace 07,updated windows, entry doors, and patio door. Large 16 x28ft. deck off kitchen. Rec room with wood burningfireplace, office area, great room, laundry, and storage.
$1172.00 per/mth P&i / o.a.C.
grimSby $649,900
253 Ridge Rd Spectacular Stately home sitting on 1.26 acres minutes todowntown Grimsby. Features 3+2 bedrooms, 3 bathrooms,gorgeous, updated, new designer kitchen, all seasonsunroom, professionally finished basement. Nothing hasbeen spared. A must see.
$2457.83 per/mth P&i / o.a.C.
jordaN $547,000
2869 Prince William StreetBeautifully restored circa 1908 craftsman home which once was a post office,general store and train station in the Village of Jordan. Currently used as a twofamily home & is a legal triplex. The exterior of the home has beenrefurbished in the last 10 yrs including furnace, roofs, hot water heater, allplumbing & electrical. New sewer & water lines installed in 2012. Antiquehardwood pine plank flooring throughout the main level w/the master suiteoffering a field stone wood-burning fireplace.
$2068.68 per/mth P&i / o.a.C.
grimSby $799,900
2 Shoreline CrescentLAVISH TOP TO BOTTOM - Elegant home on LakesideCrescent. The new owner will reap the benefits of this overimproved custom reno’d home w/waterfront views. Featuresentrance w/marble floors, designer kitchen w/oak cabinets,granite counters, stone backsplash, cherry hardwood floors.
$3025.11 per/mth P&i / o.a.C.
beamSviLLe $599,000
4130 St. George’s DriveNew Hampton Model home! 3000 sq.ft. of pure luxury,loaded w/upgrades. Open concept w/hardwood, ceramic &porcelain flrs. Kitchen w/granite counters, glass backsplash& island. DR boasts coffered ceilings & wainscoting.Master bdrm w/double walk in closets & spa bathroom.
$2265.33 per/mth P&i / o.a.C.
St. CathariNeS $409,900
8 Westport AvenuePrestigious area, walking distance to Port Dalhousie. Impressiveopen concept layout. Main level has hardwood flooring, livingroom with a wood burning fireplace, large family room surroundseat-in kitchen w/plenty of countertops, cabinets, pot drawers &pantry storage. 2 patio doors lead to deck and private backyard.
$1550.18 per/mth P&i / o.a.C.
WeSt LiNCoLN $379,900
8530 Silver StreetCHARACTER HOME Circa 1865 – Sitting on 1.22 Acres,4 bedrm, 2 bathrms, over $200,000 in updates, beautifulpine plank flrs, large country size kitchen, updated vinylwindows, newer furnace & C/air, inground pool, 20x32 fthobby barn + dble car garage 15 min drive to Hamilton.
$1436.73 per/mth P&i / o.a.C.
beamSviLLe $779,900
5109 Leonard Crescent9.2 acres on Escarpment bench, surrounded by trees is minutes fromtown. Secluded 1900 sq.ft. bungalow features stained oak hrdwd flrs,large liv. rm with showcase fireplace. Flr to ceiling sliding doors leadto backyard oasis overlooking Lake Ontario. C/A, vinyl windows &shingles in the last 10 yrs, & oversized 23x23 ft. double garage.
$2949.47 per/mth P&i / o.a.C.
grimSby $649,900
643 Ridge Road WestCountry living at its best! 1.3 acres and featuresbeautifulhardwd flrs, oak staircase, professionally finishedbasement,master bedrm with large ensuite, double garagewith directaccess to basement, updated vinyl windows,furnace 2010,shingles 2006, 9000 gal cistern under garage.
$2457.83 per/mth P&i / o.a.C.
viNeLaNd $254,900
3927 Durban Lane Beautiful open concept bungalow features hardwood&ceramics on main floor, oak staircase, Californiashutters,garden doors to large deck & a sunny main floorden. Landlease 2013 /mth $372.84 and maintenance fee$164 or $107/mth.
$964.00 per/mth P&i / o.a.C.
beamSviLLe $454,900
4024 Bush CrescentOutstanding and immaculate! This Hillside Estate homeshows beautifully. Featuring maple kitchen with breakfastisland and butler’s pantry to dining room. 9 ft ceilings, 8 ftwide sliding doors to fenced and landscaped yard with large12 x 34 ft deck.
$1720.37 per/mth P&i / o.a.C.
grimSby $349,900
40 Viking DriveLAKESIDE COMMUNITY – 4 Level side split w/open &inviting floor plan, features large eat-in kitchen, cozy familyroom w/gas fireplace, updated shingles 2010, furnace 2012,updated vinyl windows, updated carpet, ceramics &porcelain tiles, rough-in central vacuum.
$1323.27 per/mth P&i / o.a.C.
WeSt LiNCoLN $399,900
5798 Sixteen Road19th CENTURY CHARM -sitting on 1.11 acres, great rmaddition w/cathedral ceilings & gas fireplace, remodelledkitch, Original pinewood & oak floors, 40x40 work shopw/800 sq.ft. mezzanine, newer shingles ‘10 & new furnace,& mostly updated vinyl windows.
$1512.37 per/mth P&i / o.a.C.
beamSviLLe $429,900
4359 Tamarac AvenueQUIET COURT LOCATION – This 4 bedrm 2 storey homehas everything you’re looking for, open concept, gorgeoushardwood floors in living/ dining room & family room, gasfireplace, 3 tier patio deck in landscaped back yard, newshingles in 2011, updated vinyl windows, & oversized lot.
$1625.82 per/mth P&i / o.a.C.
grimSby $324,900
5 Hazelwood AvenueRARE FIND! Beautiful 2+1 BR on a 50x207 ft. lot, infamily neighbourhood. Updates: roof ‘11, soffits & eaves,patio, gas bbq hook up, 2 baths redone, kitchen, & freshlypainted. Fin. basement with new rec room, 3rd bdrm/gamesroom. Laundry, large workshop & detached single garage.
$1228.73 per/mth P&i / o.a.C.
St. CathariNeS $264,900
13 Leonard DriveBeautiful 2 storey family home features 3 BRs, 1.5 baths,solid maple hardwood floors, gas fireplace in LR, large DR,patio door to private large yard complete w/oversized shed& hot tub. New roof in 2011, Beam Central Vac., CustomBlinds, & California Shutters.
$1001.81 per/mth P&i / o.a.C.
Niagara-oN-the-Lake $259,900
104 Young CrescentBeautifully decorated 3 bdrm, townhouse in desirableNiagara on the Green. Main floor offers HW floors, largeliving room with gas fireplace, open concept kitchen, diningroom. Large 2 tiered deck off patio doors. Centrally locatedw/QEW access, close to Niagara Falls & Niagara College.
$982.91 per/mth P&i / o.a.C.
FREE MARkET EvAluATIoN
905-945-0188
Your home could be worth more than you think!
www.golfiteam.com
Page 6 The Golfi Team Real Estate Market Watch March 18, 2013
YTD Comparison Listed Expired Sold Average Selling Average Days Selling % ofAREA Feb. 2013 / 2012 YTD YTD YTD Price on Market List Price
Municipal Year-to-Date StatisticsFeb. 2012 vs Feb. 2013
Based on sales data on all home sales from october 2011 vs october 2012, ReaLtoRS association of Hamilton-Burlington
Provincial Year-to-Date StatisticsJanuary 2012 vs January 2013
Avg $ Avg $ Y/Y %
Province Jan 2013 Jan 2012 Change
Canada $354,754 $347,732 2.00%
British Columbia $514,134 $528,646 -2.70%
Alberta $361,524 $342,572 5.50%
Saskatchewan $274,253 $260,726 5.20%
Manitoba $240,115 $227,807 5.40%
Ontario $372,330 $357,766 4.10%
Quebec $265,806 $259,497 2.40%
New Brunswick $153,368 $149,479 2.60%
Nova Scotia $224,322 $211,421 6.10%
Prince Edward Island $149,218 $146,214 2.10%
Newfoundland & Labrador $284,028 $274,070 3.60%
Yukon $328,425 $376,286 -12.70%
Northwest Territories $405,483 $429,429 -5.60%
outstanding Team. Exceptional Results.Call 905-575-7700 today!
P R E S E N T E D B Y T H E G O L F I T E A M
March 18, 2013 The Golfi Team Real Estate Market Watch Page 7
Call Today 905-575-7700
Seniors Real estate Specialist is adesignation for REALTORS® to address theneeds of home buyers and sellers, age 50-plus.If you are buying or selling a home, contact RobGolfi today.
Rob GolfiSales Representative
905-575-7700
Senior Downsizing can be overwhelming
Downsizing one's home can bevery demanding physically,mentally and emotionally.
This is the case especially for seniors as itinvolves a lot of planning, packing andletting go of emotional ties to the home.
There are several reasons why sen-iors downsize. Most seniors want tomove to a smaller home because they feelthat their house is too big. When theirkids move out and it becomes an emptynest, it becomes tougher and tougher tomaintain a big house as they age. Whilesome sell their house to move to a retire-ment community or other senior carefacilities, there are other seniors that pre-fer to move to a smaller house or apart-ment.
The decision to downsize is not aneasy one. Moving to a new place isalways hard to deal with especially withall the memories shared in the home overthe years. However, the most challengingaspect when seniors downsize is stillpacking, as most seniors would agree. Itwill be very tough to decide on whichthings to bring and which things to throwaway, leave or sell. One has to accept thatthe new home will be smaller, therefore,it is impossible to bring all the things thathave been accumulate over the years.
Senior Downsizing tips toMake Downsizing For SeniorsLess Stressful and easier:
1. Check the Layout of the newPlaceTo help seniors downsize, it will be goodto find out the layout for the new place inadvance so you know how much spacethe senior will have. This will help youand your senior loved one decide on whatwill fit and things you can bring.
2. Sort WiselyWhen a senior decides to downsize, help
the senior avoid clutter. Be sure to helpyour senior loved one sort out his or herbelongings. Separate the things that thesenior uses and things that your seniorloved one barely uses or does not need atall.
3. one Room at a time
When packing, start with rooms that thesenior uses the least, as it will have lessemotional attachments like attic, garage,bathroom, etc.
4. Keep a List
Dowsizing can be very overwhelming asthere are tons of things to do. In order tostay organize it is important to keep a listso you do not forget anything.
5. Determine the things to:
• Keep
• Give to family and friends
• Sell/Donate
• Throw away
6. organize a Family Get together
When a senior decides to downsize, it willbe nice to organize a family get-togetherso the senior can distribute his or herthings among family members. Remindyour senior loved one to share his or hermemories before giving out the item soyour friend or family member wouldknow and understand its importance. Thiswill make family and friends appreciatethe senior's generosity even more.
7. take pictures
It's a good idea to take pictures of impor-tant things the senior will leave behind.This might make the "letting go" processmuch easier for seniors.
8. Where is the new Place?
If you will be moving to an assisted liv-ing facility, cooking utensils and dinnerplates will no longer be needed. Donatingit to social services or other charitableorganizations will be a good idea.
9. is a Senior Mover necessary?
If you're helping a senior loved onedownsize, you will be able to help decidewhether or not a senior mover is needed.Seniors who downsize usually hire seniormovers if they want to bring their furni-ture and other heavy things to te newplace. Senior moving companies special-ize in senior moving needs. They willhelp make the downsizing and the transi-
tion easier as most of these senior movingcompanies help in organizing and sortingthe possessions of the senior. Check theInternet or Yellow Pages for listings ofSenior Movers.
10. Relax.Everything is done! You can now relaxwith your senior love one. Assure yourelderly loved one that he or she made theright choice to downsize.
R DOWNSIZING SENIOR DOWNSIZING SENIOR DOWNSR DOWNSIZING SENIOR DOWNSIZING SENIOR DOWN
1) the smart money is on non-tra-ditional lenders. Another wave of mort-gage lending rules has many Canadianslooking at non-traditional lenders: thosenot federally regulated. As trained, accred-ited mortgage brokers, we’re always scout-ing out the best options, so we can helpmore Canadians achieve their homeowner-ship dreams.
2) avoid rollovers. That’s when yourmortgage comes up for renewal and youjust roll it over with your current lender. Ifyou are auto-renewed at posted versus dis-counted rates, the difference can be hun-dreds of dollars a month. At renewal, youhave a moment of opportunity to shoparound, and make every last dollar count.Contact us for the best range of options.
3) Polish your credit. A low creditscore can prevent you from getting thelowest mortgage rate. That’s why it’s soimportant to have good credit behaviours,like paying your bills on time. Don’t letyour credit accounts exceed 30% of thecredit available. Before you cancel anycredit card, get advice. And don’t apply fora store card just to save on your purchasethat day!
4) Consolidate to drive down debt.If you are carrying a large amount of high-interest debt outside your mortgage, thismay be the time to roll that debt into a low-rate mortgage while you can. This one,smart strategy could save you thousands ininterest payments and boost your monthlycash flow. We can analyze your situation tosee if you can benefit.
5) Get Rate Watch. Many people aresitting on-edge, waiting for a rise in ratesthat could trigger a wave of activity.Subscribe to our rate updates so you canstay on top of any shifts in the market –and respond quickly.
6) Get ready now for higher rates.No one can predict when rates will start torise. If you are buying or renewing now,consider what rates and your morgage pay-ment might be when you renew. If you can,set your payment up to that higher amount,you’ll avoid payment shock down theroad, and pay your mortgage off faster!
7) Speed up your mortgage pay-down. Take every opportunity to beatdown your mortgage principal. Build aplan to take advantage of your lender’sprepayment privileges! Consider changingfrom monthly payments to weekly or bi-weekly payments, and take some or all ofyour tax refund and put it against yourmortgage principal.
8) Reno & roll. The right renovationmight be all it takes to turn the houseyou’re in, into the home of your dreams. Itis almost always less expensive to renovatethan to relocate – if an upgrade to yourlifestyle is what you’re after! We can showyou how you can roll large renovationcosts into your mortgage, and use yourprepayment privileges to pay it off faster.
9) Get flexibility with a re-advance-able mortgage. This is a brilliant mort-gage concept for those who want to paydown their mortgage – but still have flexi-bility in case it’s needed later. With re-advanceable mortgages, you can accessyour equity without a fuss should an emer-gency expense crop up, or an unexpectedinvestment opportunity.
10) Get your annual mortgagecheckup. That’s right. Make an appoint-ment so we can check under the hood ofyour mortgage – to make sure everythingis working as it should. A few tweaks nowcould pay big dividends in the year ahead.
by Leanne McKinney, Mortgage Agent, Mortgage Intelligence,
163 Caroline Street SouthLARGER THAN IT LOOKS! Very unique layout featuringan updated kitchen, boiler, roof, wiring, flooring, electricalpanel, windows, doors, bathroom, main floor laundry &beautiful den/sun room with updated skylights overlookingprivate yard!! Bonus double width driveway ($20/year).
$982.91 per/mth P&i / o.a.C.
www.golfiteam.com
StoNey Creek $459,900
20 Spartan CourtTUCKED AWAY ON QUIET CUL-DE-SAC! 2-storeyhome backing onto forestry w/complete privacy, featuresincredible open floor plan, lrg family rm w/showcase gasfireplace, hardwd flrs on main level, master bedrm w/luxuryensuite & walk in closet, fenced yard, & main flr laundry.
$1836.92 per/mth P&i / o.a.C.
hamiLtoN eaSt $169,900
117 Fairfield AvenueBUNGALOW WITH FAMILY ROOM ADDITION. Twogood sized bedrooms w/a large family room, lots of parking,updated windows, shingles, furnace, C/A, kitchen & wiring.Needs TLC in decorating & cleaning. Great Value. Close tohighway access & shopping.
$678.61 per/mth P&i / o.a.C.
hamiLtoN WeSt $274,999
109 Royal AvenueVery close to McMaster University. Features 10’ ceilings onmain level, full height basement. Bus stop located at the endof the street. All amenities in close proximity. Currentlyused as a student residence for Ω12 months expires April30th, 2013. 24hr notice required for showings.
$1098.39 per/mth P&i / o.a.C.
StoNey Creek $517,900
177 Silverlace CircleBEAUTY, WARMTH & VALUE – All brick, w/top qualityfinishes, maple kitchen cabinets w/granite counters &breakfast bar, hardwd flrs, fin. basement great for in-law,master bedrm suite w/additional rm - great for dressing rm,den, TV rm or nursery, & grand foyer w/spiral maple staircase.
20 Blue Mountain DriveJUST AMAZING! Prev. model home, features stylish kitchw/granite counters, HWflrs, oak plank stairs with wrought ironspindles, showcase fireplace w/built-in TV screen, masterbedrm w/ensuite, speaker system through-out, undergroundsprinkler system, & a professionally finished basement.
$1477.44 per/mth P&i / o.a.C.
hamiLtoN mtN $517,900
447 DiCenzo DriveTRENDY, STYLISH & LUXURIOUS! Maple kit. cabinets,island & granite counters, HW flrs, oak staircase w/wrghtiron spindles, family rm w/showcase fireplace, 6” baseboards,crown moulding, 62 pot lights, surr. sound system, energystar windows, & finished basement w/custom cabinet bar.
$2068.58 per/mth P&i / o.a.C.
burLiNgtoN $424,900
2413 Emerson DriveBronte Woods linked home in The Orchards. Open conceptmain level features an eat-in kitch, spacious foyer, & hardwdflooring, lrg master w/ensuite bathrm & walk-in closet,fully fenced yard & stone patio area w/access to garage.Close to all amenities, schools, & parks.
$1606.91 per/mth P&i / o.a.C.
hamiLtoN eaSt $350,000
867 Beach Blvd.Waterfront lot 42.5ft x 149ft. Build your dreamhome! Allservices to the lot line. Enjoy the beach community withjogging and cycling path, and entertain in your sandy beachback yard. Beautiful view of Toronto sky line. Call for moredetails.
$1323.65 per/mth P&i / o.a.C.
StoNey Creek $179,900
108-150 Gateshead CrescentCHARMING END UNIT – In Gateshead townhousecommunity! Immaculate home features updated kitchenwith granite counters, prof. finished basement with 2 pcbath, enclosed patio, freshly painted, many updates donerecently from condo corp, plenty of visitor parking.
$680.36 per/mth P&i / o.a.C.
hamiLtoN Ctr $147,000
120 Duke Street, Unit #601Spacious 2 bedroom, 1.5 bathroom condo close to the gostation, university and hospital. Building amenities: Indoorsalt water pool, fitness room, hot tub, sauna, party room,underground parking for owners & visitors!
$555.93 per/mth P&i / o.a.C.
hamiLtoN Ctr $159,900
168 Oak AvenueVERY UNIQUE! “Country Living” home located on a verypretty street with fenced yard & patio area situated on a40’x141’ lot with detached garage. Updated windows,furnace (09’), basement (’12), bathrooms and kitchen!Cathedral ceilings lead to loft bedroom & office area.
$604.72 per/mth P&i / o.a.C.
StoNey Creek $274,900
356 Celtic DriveNEAR SCHOOLS, BUS & SHOPPING! 3 bedroom homein a desirable neighbourhood, features sunken family rm withcathedral ceiling & gas fireplace, professionally finishedbasement w/gas fireplace, master bedrm w/ensuite & walk-in closet, new furnace & c/air 2011, new shingles 2007.
$1039.63 per/mth P&i / o.a.C.
hamiLtoN mtN $224,900
96 East 39th StreetREMARKABLE, MOVE IN READY! Main floor bedroomcurrently used as dining room, updated windows, furnace,central air, shingles & remodelled kitchen. House is immaculate,hardwood floors beautifully restored, large backyard, unspoiledbasement, close to buses, schools, and shopping.
$850.54 per/mth P&i / o.a.C.
hamiLtoN mtN $692,900
113 Mountain Park AvenueSPECTACULAR VIEWS! Custom rebuild, large foyer, richhardwood, gourmet kitchen w/granite island & S/S appl. 4 bedrms, two 6 piece baths, covered deck w/ view of city,Toronto & Lake. Great rm & dining rm both w/limestone FP.Balcony off Master Bedrm. Short walk to Juravinski hospital.
$2620.45 per/mth P&i / o.a.C.
burLiNgtoN $429,900
5255 Lakeshore Rd. Unit#42Charming 2 storey townhouse "NEWPORT Village", juststeps from the Lake, parks & shopping. Features updatedkitchen, hardwd flrs, crown moulding throughout, spaciouspriv. rear patio (20 x 11'). Master BR w/ensuite bath & walk-in closet, finished basement. Furnace & A/C updated Nov ’09.
$1625.82 per/mth P&i / o.a.C.
burLiNgtoN $424,900
2413 Emerson DriveBronte Woods linked home in The Orchards. Open conceptmain level features an eat-in kitch, spacious foyer, & hardwdflooring, lrg master w/ensuite bathrm & walk-in closet,fully fenced yard & stone patio area w/access to garage.Close to all amenities, schools, & parks.
$1606.91 per/mth P&i / o.a.C.
hamiLtoN $269,900
8 Hale StreetBEAUTIFUL FREEHOLD. Was the Model home.Upgraded trim, crown mouldings, pot lights, hardwood,granite counters, oak stairs throughout, balcony off kitchen,fully fenced yard and island in kitchen w/dishwasher. Showsgreat, quick poss. available. Great location. Close to HWY.
$1020.72 per/mth P&i / o.a.C.
StoNey Creek $379,900
167 Montreal CircleMORE THAN YOU’D EXPECT – This all brick home withopen & inviting flr plan, features maple kitch w/breakfastisland, beautiful hardwd flrs through-out, oak staircase,coffered 9 ft. ceilings w/pot lights, California shutters,insulated garage, 3 pc rough-in in basement.
$1436.73 per/mth P&i / o.a.C.
SAVE 10%when you
mention this ad & book for 2013!
Call Today 905-575-7700
March 18, 2013 The Golfi Team Real Estate Market Watch Page 9
673 King St. EastLOCATION LOCATION! This incredibly maintained 2200sq.ft. corner property with commercial frontage and 2 add’tlapts features fantastic income, close to Cathedral highschool, new roof 4yrs new, 14 ft ceilings, hardwd flrs, fullbasement with newer wiring & parking space in the back.
$1157.91 per/mth P&i / o.a.C.
StoNey Creek $348,900
92 Greenstem Crescent3 BR Desantis “Lakeshores” model in Lakepointe Community.Main floor has 9 ft. ceilings, open concept Living Rm w/gasFP, hdwd flrs, sep dining room, eat-in kitchen with bkfst bar,& fenced yard. BR level laundry, master w/walk in closet &ensuite. Framed in & prewired basement.
$1393.56 per/mth P&i / o.a.C.
hamiLtoN Ctr $269,900
107 Garfield Avenue SouthUSED AS A TWO FAMILY! 1 bedroom on main floor,porch & laundry room, $850/mth w/1yr lease from Oct2012. 2nd/3rd floor two bedrm w/ensuite, granite, gas FP,ldry room $875/mth(vacant). New H/E boiler (gas on equalbill $106/mth). Steel roof, windows & doors 2008.
$1078.02 per/mth P&i / o.a.C.
hamiLtoN mtN $159,900
36 Poplar Avenue LOCATION, LOCATION! Walk to Juravinski, steps tomountain brow and shopping. Loads of character andperfect for a young couple! This property features beamedceilings, private back yard, front and back porch, updated100 amp panel, and kitchen. Great rental location!
$638.67 per/mth P&i / o.a.C.
hamiLtoN WeSt $469,900
1 Mountain AvenueAwesome duplex – Circa 1903 with thousands spent on newmaple kitchen with ceramic backsplash, sparkling updatedbathroom, new & refinished hardwood floors, furnace,C/air, shingles, fascia, eaves & vinyl windows 2012, 4 carparking, separate hydro meters, steps from trendy Lock St.
$1876.86 per/mth P&i / o.a.C.
hamiLtoN mtN $299,900
723 Templemead DriveCHARM WITH A CAPITAL “SEE”! 2 storey home withfully finished basement in fantastic condition, hardwood andnew carpeting on stair case and upper level, large kitchen,separate dining room, most windows updated 2011,shingles 6 years new, fenced yard, and close to all amenities.
$1237.79 per/mth P&i / o.a.C.
hamiLtoN Ctr $129,900
157 Province Street NorthSUPER BUY STARTER HOME! 3 bedrm home located closeto schools, major shopping & bus routes. Open conceptkitchen w/breakfast bar, cozy sep. dining rm, updated laminateflooring, fin. basement w/3 pc bath, fenced yard w/coveredback porch. Home needs paint brush & elbow grease.
$518.84 per/mth P&i / o.a.C.
StoNey Creek $549,900
39 Sasha CourtTRENDY AND STYLISH! This move in ready 6 yrs. new,2 storey, 4 bedroom home boasts maple kitchen with granitecounters & breakfast bar, 9ft ceilings, hardwood floors,show case fireplace in family room, fully landscaped withcoloured concrete drive. Shows like a dream.
• Helping with Mortgages, Loans, Debt Consolidation, Refinance and Renewal
• Supporting everyone including low income, challenged credit,new immigrants, non-residents and self-employed.
• Supporting in English and Assyrian languages.
Without a marriage contract,most assets accumulatedby a couple will be divided
50-50 on separation. But in order to min-imize the impact of divorce on a family,in many cases one spouse stays in thehouse with the children while the otherspouse leaves.
This is a tricky question. Althoughyou can appraise a home and a businessand put values on them, the tax treatmentfor each is very different. For example,let’s say you have a home and businessand each are appraised at $500,000. Theywere each purchased for $100,000. Whenyou sell a business, you will have to paytax on any gain that you made. Yet whenyou sell your home, which is your princi-pal residence, no tax will be payable.Therefore, in most cases, a home that isappraised the same as a business is actu-ally worth more than the business. This
must be taken into account when negoti-ating any division of property.
Can one spouse be forced to moveout?
Each married spouse has the equalright to live in the family home. Let’s saythe house is registered in the wife’s namealone. They decide to separate. The wifecannot demand that her husband leave. Ifthis cannot be worked out amicably, thenthe couple will likely have to go to courtto get an order as to whether one spouseleaves, or whether the home is sold andthe money divided.
Does it matter who stays in the house?In many cases, upon separation, one
spouse will move out of the family home.It will still require the permission of bothspouses to either mortgage or sell thehome, even if they are not on title.However, while the spouse who lives in
the home will not be paying any rent, thespouse who moves out will have to payrent in another location, and will likelystill be responsible for 50 per cent of themortgage and other expenses in the mat-rimonial home.
Can the spouse who stays put amortgage on the home and keep themoney?
The answer is no. Even if you leavethe home, and even if the property is reg-istered solely in the spouse’s name whostays, you cannot mortgage a familyhome without the permission of bothmarried spouses.
Do common law spouses have thesame rights?
The answer is no. Common lawspouses have no entitlement to a share ina family home, unless their name is ontitle, or if they can prove that they have
contributed financially to the purchase ofthe home. If you are buying a home withyour common law partner, you must getyour name on title to protect yourself.
Family lawyer Elliot Birnboim ofToronto also tells me that when onespouse gets possession of the familyhome, this will also affect child andspousal support calculations.
The lesson here is to obtain expertfamily law advice before you make anydecision about what to do with your fam-ily home if you decide to separate. Thegoal should be to balance what will bebest for all members of the family, whilealso ensuring that any property is dividedfairly.
Mark Weisleder is a Toronto realestate lawyer. Contact him [email protected]
Who gets the Family Home when a MarriageBreaks Down?When families break up there, there are plenty of issues, including who gets the matrimonial home.
MORTGAGE ME TODAYpowered by
Executive Freehold Towns
www.GolfiTeam.com | 905-945-0188
Stylish 2-Storey 1,460 sq. ft. Townswith 9 ft. ceilings, nestled within a
brand new community park!
Sales Office Hours: Tues & Thurs 1-5pm, Sat & Sun 1-4pmMonday, Wednesday & Friday by appointment
QEW
King St.King St.
Cassandra Dr.
Sales Office
South Service Rd.South Service Rd.
Hillside Dr.
Ont
ario
St.
Mou
ntai
n St
.
Stad
elba
uer
Dr.
QEW
Connor Dr.
18
Starting at
$246,900
6UNITSLEFT!
Pre-register now for Phase 2 Brownstones!Visit www.homesbycambridge.ca
