Etobicoke - West Toronto 17.8

ETOBICOKE-WEST TORONTO, ON

HOME & LIFESTYLE GUIDE Volume 17, Issue 8

PROUDLY PRESENTING

STUNNING CUSTOM DREAM HOME WITH OVER 5,000 SQ FT ON A RAVINE LOT MORE INFO ON PAGE 4 TEXT RBFBXSS TO 52187

RealEstateBook.com

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

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Nimo Parekh Sales Representative iPro Realty Ltd., Brokerage 905-507-4776 sellwithnimo@gmail.com

2020-03-09 9:49 AM

www.SAMTASSONE.ca SALES

REPRESENTATIVE

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416-818-3421 stassone@rogers.com

M

Senior Real Estate Specialist

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North Drive/Royal York Traditional 4 Bedroom Beauty In Prestigious Sought After Neighbourhood ,Spacious Floor Plan, Private Sunfilled Yard With Pool, Steps To Parks, Golf, Trials, TTC, Minutes To Subway, Schools, Restaurants, Theatres and more

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LD 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. I/G pool, Cabana, gazebo & patio. Great school district.

Text RBDVWHG ROYAL YORK/QUEENSWAY 2+1 Bungalow in Etobicoke.

Updated eat in kitchen, open concept Living/Dining rooms, Loads of natural light & Finished basement with separate entrance. Detached garage & Sun filled back yard. Steps to all amenities & minutes to Toronto.

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Text RBDYLXN Millgate Manor Exceptional 2 Bedroom Renovated Spacious Condo With Wonderful Amenities And Gorgeous Award Winning Gardens, Sunny West Facing Grand Balcony Only A Few Floors Above Ground, Super Convenient Location In Beautiful Markland Woods

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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.

MARTINGROVE/WESTWAY Very Rare 5 BR Home In Desirable Location. Excellent Project For Handyman Or Renovator. Spacious Home With Comfortable Floor Plan.

Steps To Schools, TTC, Shopping, Parks, Minutes To Airport & Downtown. Call Sam For Details.

TEXT CODE TO 52187 FOR MORE PHOTOS AND INFORMATION

SAM SELLS 87813.17.8 Print Ready.indd 2

FREE HOME EVALUATION WEST REALTY GROUP, BROKERAGE Independently owned and operated

2020-03-11 6:43 PM

$2,900,000

$2,699,999

50 Simpson Road. St. Catharines

6518 Rockcliffe Estates. Niagara Falls

3000+ sq ft bungalow on a large pool sized lot, chefs kitchen , 4 bdrms ..all the amenities one would expect in a home of this nature.

Situated above the Niagara Escarpment. A luxuriant home, with stunning manicured gardens, an interlocking brick driveway, and a saltwater pool with a waterfall feature and a fire pit on either side help to elicit a sense of the rich and magnificent.

Doug Widdicombe Chelsea Widdicombe

Doug Widdicombe Chelsea Widdicombe

$1,380,000

$1,249,000

58 Garrison Village Drive Niagara-on-the-Lake

2 MacDonell Road Niagra-on-the-Lake

3100 sqft, 3+1 bedrooms, 4 bath, pool sized lot, double garage, stunning master suite overlooking a park in the quiet of The Village.

2470 sq. ft. home with main floor master. Builders show home, wraparound deck, 3+1 bedroom, 4 bath, 2 car garage. This is a beautiful home with all of the trimmings in The Village.

Doug Widdicombe

Doug Widdicombe Chelsea Widdicombe

$975,000

$950,000

41 Harmony Drive Niagara-on-the-Lake

70 Garrison Village Drive Niagara-on-the-Lake

Come visit this lovely home in a quiet section of Town. 2+1 bedrooms, 2 baths, stunning perennial gardens with little upkeep, attached garage the perfect home for downsizing.

1900 sq. ft., 3 bedroom, 4 bath end unit townhouse, totally updated and chic. 10 ft. ceilings, fire place, large private courtyard. Finished lower level warm and inviting.

Andrea Solis Doug Widdicombe

Doug Widdicombe

Doug Widdicombe

Chelsea Widdicombe

Andrea Solis

Sales Representative Senior Vice President – Sales 289.686.8590 dwiddicombe@sothebysrealty.ca

Sales Representative

Sales Representative

289.687.0280 cwiddicombe@sothebysrealty.ca

289.697.2242 asolis@sothebysrealty.ca

E.&O.E.: This information is from sources which we deem reliable, but must be verified by prospective purchasers and may be subject to change or withdrawal. Sotheby’s International Realty Canada is Independently Owned And Operated. Not intended to solicit properties already under contract.

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ON THE COVER 57 RIVERVIEW HEIGHTS, TORONTO

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TEXT RBFBXSS TO 52187 FOR MORE INFORMATION

Fred Ferri Publisher

PHONE: 905.847.8116 EMAIL: fred@trebpublishing.ca

or visit our website www.trebpublishing.ca NEXT ISSUE SUBMISSION DEADLINE IS:

$2,399,999

April 1st, 2020

STUNNING CUSTOM DREAM HOME Over 5000 sqft of living space, situated on ravine lot in very desirable Etobicoke area, close to 401, 427 and 400. 4+2 bedrooms, 5 baths, master bedroom with walkout Juliet balcony overlooking ravine and Humber River. 2 gas fireplaces, hardwood floors, heated floors, gourmet kitchen with quartz counters and breakfast area with walkout. Great room has 19ft ceiling, main floor has 10ft ceiling and 2nd floor has 9ft coffered ceiling.

Want to see your home advertised in this magazine or featured online @ RealEstateBook.com?

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

NIMO PAREKH Sales Representative

iPro Realty Ltd., Brokerage

Office: 905-507-4776 Direct: 416-659-5045 sellwithnimo@gmail.com

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

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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.

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PORRITT REAL ESTATE BROKERAGE INDEPENDENTLY OWNED & OPERATED

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2020-02-12 7:21 PM

2019-05-03 10:44 AM

HOME OF THE MONTH

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T E X T R B F C M Y H T O 5 2 1 8 7 F O R M O R E I N F O R M AT I O N

ABSOLUTELY STUNNING renovated executive home for the entertaining family. Open hall plan. Private living room, den & office overlooks front. Formal garden dining room. Chef’s eat-in kitchen with huge island opens to deck. Spacious master with ensuite bath. Lower level family room. Stunning professionally landscaped lot with mature trees. Immaculate condition throughout! Superior village opportunity. www.36chestnuthills.com

DON MARLAND Broker RE/MAX Professionals Inc., Brokerage

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P R O F E SS I O N A L S I N C . , B R O K E R AG E

Visit RealEstateBook.com to search for more West Toronto homes.

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H OW M U C H H O U S E

CAN YOU AFFORD? ASK YOURSELF TH ES E C R IT IC A L QUESTIONS TO FIN D OU T

written by JASON WOODS

It is the perennial question for every first-time homeowner. How much house can I afford? As with so many life-changing decisions, there is no one right answer to this common query, and the size of the home you buy, and the mortgage you take out, will depend on several critical factors.

If you want to know how much home you can afford, you need to ask yourself the right questions. Even more importantly, you need to provide yourself with honest answers to those queries. Here are some things you should be asking as you get ready for the transition from renter to first-time home buyer.

• What is my current income? Is that income secure, or is my job in jeopardy? Your ability to pay the mortgage will depend on visibility of income, making the answer to this question extremely critical.

• How much disposable income do I currently have? How much of that disposable income can I devote to the costs of home ownership? Owning a home is more than paying the mortgage, and you will need to set money aside for repairs, upkeep, and other essentials.

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• Do I have money for a down payment? The more you can put down, the smaller your monthly mortgage payment will be. Even if you can do it, financing 100% of the purchase price could make your mortgage payment unaffordable.

• How much do I want to devote to savings, investments and other essentials?

Putting all your money into the roof over your head could leave you dangerously undiversified and put your financial future at risk.

• What is my credit score? What steps can I take to raise it quickly? A low credit score can mean a higher interest rate on your mortgage or even an outright denial. If your credit score is less than optimal, paying down debt and taking other steps to raise it will be to your advantage.

• What other debts do I have? Taking on a big mortgage payment when you have other debts can be risky, so take a hard look at your monthly expenses and your balance sheet. It may be worth putting off the home purchase until you have paid your other debts.

• Am I willing to shop for a lower priced home if it means a more affordable mortgage payment? You may need to give up some wants or consider a different neighborhood to find a home you can more easily afford.

Shopping for your first home can be an intimidating process, but knowing how much home you can afford will make that process easier and less stressful. The real estate agent and mortgage broker will have their opinions about home affordability and optimal mortgage payments, but in the end, your considered opinion is what counts.

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MARKET FORECAST MARCH 2020 Trreb* is forecasting home price growth to hit 10% this year The GTA is at a pivot point where the prices could begin to rapidly increase, what is driven by high demand and low supply of listings. Ajax and Oshawa were the only area that showed year-over-year decline in aggregate price.

And here is what happened in January! More than 4,580 sales were reported through TRREB’S* MLS system, up 15% compared to January 2019. However, the number of new listings was down 17.3% when compared to the same time last year. Not enough inventory, and high demand, caused the average selling price for all home types combined, climbed up by 12.3% to $839,363 compared to $747,175 in January 2019.

The condominium apartment market segment continues to perform well into 2020. The condo market provides a relatively affordable entry point into the homeownership market for first time buyers. In comparison to January 2018, price growth in Toronto was 13%, resulting in an average price of $679,182 in January 2020.

HOW TO BUY IN A TIME OF ESCALATING PRICES? Affordability is a hot topic today when it comes to new home real estate.

Some buyers are harnessing out of the box thinking alternatives of ownership like co-ownership for example.

Co-ownership involves non-related people or relatives sharing ownership of a home (sounds like a marriage, right?)

Although it is not an entirely new concept, it is gaining such popularity that the Province of Ontario has developed a guide called “Co-owning a home” (ontario.ca/document/co-owning home). Co-ownership can be an effective and smart way to enter the new home real estate market to build equity together. There should be a legal contract of course, that all co-ownership purchasers sign to clarify rights and responsibilities. This legal agreement may possibly support an application for mortgage financing as well. The mortgage interest rates remain low and the new mortgage rules that are going to be in effect April 6th, are worthy to take advantage of. It is better to get in now, rather than later.

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TREB Housing Market Charts TREB Housing Market Charts TREB Housing Market Charts ®

Average TREB TREB MLS® MLS Average ResaleResale Home Home Price Price ® Average TREB MLS ResaleYears Home Monthly with Previous Three Previous forPrice Comparison Monthly with Three Years for Comparison Monthly with Three Previous Years for Comparison $1,000,000 $1,000,000

2017

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$800,000 $700,000 $700,000 $600,000 $600,000 $500,000 $500,000 $400,000 $400,000 $300,000 $300,000 $200,000 $200,000 $100,000 $100,000 $0

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Source: Source: Toronto Toronto Real Estate Board ® Explanation: This chart plots monthly MLS Average Resale Home Price for the current year and the previous three years. The recurring seasonal trend can be ® Average Explanation: Source: This chart plots monthly MLS Resale Home Price for the current year and the previous three years. The recurring seasonal trend can be Toronto Real Estate examinedThis along with comparisons to previousBoard years for each Average month.

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Explanation: This chart plots monthly MLS Average Resale Home Price for the current year and the previous three years. The recurring seasonal trend can be examined along with comparisons to previous years for each month.

years. The recurring seasonal trend can be examined along with comparisons to previous years for each month.

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All organizations involved in any way in real estate and development of new products have been calling all levels of government to create concrete housing plans for the next decade. Demand for new housing has increased as the Greater Toronto Area has become one of the most desirable places to live. The GTA is the fastest growing region in North America, with an estimated 115,000 new residents arriving every year. The population of the GTA is set to grow by 40% or an estimated 9.7 MIL people, by 2041. The timeline is not far away, considering that on average, it takes 10 years to build a typical high-rise project and 11 years to complete a low-rise project in the GTA. In May 2019, the Ontario government announced the Housing Supply Action Plan to address among other things, land transfer taxes, HST, parkland fees and development charges, that currently, collectively add $124,000 to the cost of an average new condo and $222,000 to the cost of a new single-family home. *TRREB- Toronto Regional Real Estate Board

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BAY & BLOOR RENTAL! Perfect layout. Bright and spacious 1 bedroom plus den unit, located in the heart of it all! Just a stone's throw to the University of Toronto campus, the subway, hospitals, restaurants and shops. Beautiful views! Must be seen!

Sue Wade West Sales Representative DIRECT:

416-436-8989 OFFICE:

SO LD

416-762-8255 sue@suewadewest.com www.suewadewest.com

SPACIOUS three bedrooms, 2 bath condo in excellent well-maintained condition. Ideal for large families! Total living space of 1289 sqf. Open balcony with an east view. Hardwood throughout the unit underground parking included. Hwy 401, shopping, TTC, gym, security system, The building has many recent upgrades.

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I have qualified buyers looking for a home in your neighbourhood. If you are 88 thinking selling or know 162 NORTH CARSON ST, TORONTO NORDINofAVE, TORONTO someone that would like to sell in the near future please contact your BEAT THE SPRING RUSH! Solid brick 3 bdrm 2 bath FANTASTIC LOCATION! 3 bdrm 1me bathathome convenience. home with separate entrance to finished bsmt that has its own laundry area, renovated bathroom and features 2nd kitchen & gas fireplace in large rec room.

Lot is 40’ x 125’ with detached 2 car garage. Close to all amenities in Alderwood & Sherway Garden. Quick commute to downtown. TEXT RBFCNZS

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floors throughout. One parking space. Walk to LET'S the bus stop and oneBE bus"FRANK" to the Islington station.

Me Direct at 647.271.0864 CloseCall to schools, shopping, major hwys. Shared utilities, landlord occupies the basement.

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Thinking of Moving?

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FANTASTIC LOCATION Large 3 bdrm semidetached home w/front & back porches, main flr family rm with w/o to deck. Beautiful backyard w/deep lot. Newer roof & A/C. Walking distance to Lake Ontario. Close to bike paths, schools, parks & more.

CHARMING 2 BDRM BUNGALOW Detached home in heart of Mimico! Open concept living/ dining rm, ornamental frpl, bright kitchen w/ pantry.Sidedoorentryoutsidetoprivatefenced backyard. Extremely well maintained. Steps to Mimico Village, GO Train & TTC.

TORONTO PRIME ETOBICOKE

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2 LEVEL TORONTO TOWNHOUSE End unit w/3 bdrms, 2.5 baths, prof reno'd w/large main flr functional space. Walkout from kitchen to private oversized terrace. Master retreat w/ spa-like ensuite. Great facilities. Steps to shops, parks & easy access to hwys.

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4 LEVEL FRONTSPLIT has it all! 3 bdrms & family rm with fireplace. Sun rm walkout to gazebo covered deck, wonderful I/G pool or inviting hot tub. Located near parks, sports facilities & walking trails. Also close to schools, shopping, public transit & hwys.

MANY WONDERFUL UPDATES in this lovely 3+2 bdrm, 2 bath home in quiet family neighbourhood. Hrdwd thruout main flr & side entry to covered BBQ area. Backyard is spacious with lots of room for a pool! Bsmt is ideal for in-law suite. Excellent location!

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TASTEFULLY RENOVATED Approx 1750 sqft home w/4+2 bdrms & 3.5 baths. Beautifully finished 2 bdrm basement apt w/separate entrance. Perfect for 1st time buyers or investors. Quiet street in Central Etobicoke.

Great for commuters. Close to all amenities.

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3+1 BDRM BUNGALOW on quiet dead-end street! Eat-in kitchen w/walkout to backyard.

Finishedlowerlevelw/recrm,playrm,4thbdrm & 2pc bath. Short walks to parks, community centre & trails. Ideal for 1st time home buyers, investors or renovators!

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SOLID BRICK BUNGALOW on quiet court in highly sought after neighbourhood. Features eat-inkitchenw/breakfastarea,fireplace,large finished bsmt w/2 bdrms, spacious backyard & double car garage. Steps to Centennial Park, shopping & easy hwy access.

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SPECTACULAR BUNGALOW Prime Etobicoke location. 3 bedrooms with full basement apartment&2separateentrances.Updatedeatin kitchen. Other updates incl windows, hrdwd flrs, bathrooms, roof, furnace and A/C. Fenced private yard. Easy access to hwys & airport.

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

90 FULLER AVENUE ~ RONCESVALLES VILLAGE / PARKDALE

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Spectacular Contemporary Build in High Demand Parkdale/Roncy Village. 3 Storey Detached on a rare 30’ x 109’ Landscaped Lot w/Private Drive, Soaring Ceilings, Appx. 3,400 sqft on 4 Levels, Open Concept Principal Rooms, Gas Fireplace, Cook’s Kitchen w/Walkout, 4 Bright & Spacious Bedrooms, 4 Baths, Main Floor 2pc., Master Getaway w/Multiple Skylights, Deck w/Hot tub, Walk-in Closet & a True Spa Like Bathroom... A++++. Fab Lower w/Family Room, Polished Concrete Floors, Radiant Heat etc... Builder/Designer Owned, Oversize 1.5 Car Garage w/Gym, Architectural Steel Accents, Too Much to List... One of a Kind!!!

Office: 416-588-8248 Direct: 416-822-3525 87813.17.8.016 V2.indd 1

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