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Evolution condos By Beaver Brook

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Mycondonetwork.com has the distinguished pleasure of selling Evolution condos to our clients and personal investors.
This is a huge benefit to our clients. With only $325 per square,9 ft. ceilings in all lower floors and 12 ft. ceilings in the Penthouse. Also upgraded granite counter top with under mount kitchen sink. Modern baths with granite tops. Pre engineered flooring, ceramics in bathrooms.
Central Air throughout All Brand name appliances fridge,stove, dishwasher, washer dryer.
All this exclusive incentives are offered to mycondonetwork,com clients and friends.
Don’t hesitate contact info@ mycondonetwork.com

 

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Your Neighbourhood – The Village

Conveniently nestled between Yorkville to the north, Cabbagetown to the East, the Bay St. corridor to the West and Carleton St. to the South, the “Village” as it is now known is one of Toronto’s jewels.  

Long considered to be Toronto’s Gay neighbourhood, including a history that dates back to when canada was young, it has a lot to offer to anyone, not just the GLBT community.  The community is very strong here and supportive of it’s own residents, including businesses.  You won’t see much in the way of chain stores there as the BIA frowns  on them.  A few coffee shops and pizza places are present, as well as some decent restaurants.  You will see unique shops for clothing, eyeware, art and travel in the area.  There are some nice specialty shops too, like a very good butcher (Cumbrae’s), a bread and cheese shop, and even a chocolatier!  The Village is one of the only neighbourhoods that can still boast an old-fashiond hardware store.  Go into Dudley’s Hardware on Church and you will see how business used to be conducted.   Church Street also has some of the best restaurants in the city with places like Byzantium and Fusion.  If you like a good patio in the summer, then this is the place to see and be seen!  

 

You might ask if this is a neighbourhood that is just for the gay community, but consider this, a single woman is very attracted to this neibourhood because she is safe there.  There are lots of young married couples with children living there too!  There’s even an elementary school right on the corner of Church and Alexander.  

 

Culturally, this is the home of the National Ballet School of Canada.  You can often see the students lined up at the various establishments at lunchtime. The Village has it’s own theater, Buddies In Bad Times, which is has put on critically successful productions. Add to this the annual events that take place such as Toronto Pride which attracts around a million people every year and is always a peaceful celebration of diversity. Literature events that require the street to be closed to traffic, intriguing events like the Fetish Fairs are something to indulge in, even if only as a spectator.  Nuit Blanch has this area as an installation site.

Let’s not forget Hallowe’en in the Village is something that has snowballed into a night which allows us all to express our inner Mr. or Ms. Dress-up for people and pets of all ages and ilks! 

 

The residents in the Village thrive on their community and embrace all who live there.  It’s not an exclusive culture, but a warm and inviting one.  

Largely, the inhabitants of the village are gay men, which makes it a warm, friendly and flamboyant place.  The weekends are lively and it’s not unusual to see a drag queen walking down the street on the way to a gig! 

 

There are lots of places to live in the Village including quite a lot of condo developments that are both new and a little older.  The newer ones offer the Chic environments with the best updates of today’s condo market.  While the older ones offer larger spaces with healthier reserve funds and they are often renovated so that you get the best of both worlds.

 

The Pros vs: Cons to buying "NEW"

 

 

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Lets face it there are advantages and disadvantages when it come to purchasing through a developer whether its a condo or a detached home. 

A number of people out there are buying from builder off plan, rather than pr-existing homes or condos that are ready to move in. Buying off plan is basically purchasing a property based on the drawings and proposals submitted by the developer, usually before  any work on the property has even started.  

Sales from off plan in recent years have flown off the shelves, selling within 72 hours of their release. In many cases, off-plan buyers have seen their properties appreciate significantly before they have been given their keys!

 

The Pros:

- Buyers get into the development before it even launches which mean lower prices per square foot. The overall price for the property is much lower then it would be then buying it as re-sale.

-Flexible payment structure. Most developers require a minimum of 15% until closing, some even can work a better payment plan. This is also good where you can budget yourself, you have some time to put together each deposit because its not all required at the same time.

-You get to take advantage of developer incentives, could be cash back on closing, 3 years free condo fees, upgraded finishes and much more.

- You are able to choose from a variety of floor plans. In some cases the developer will allow you to add some of your personal touch to the floor plan with some minor changes to the layout.

The Cons:

- Delays in construction- closing can be pushed several months. This could be due to good old mother nature.

-Can be risky, your buying something you don’t see physically.It can be tough at time to visualize. You have to base your purchase by word of mouth and reputation of the developer.

 

Some other things to keep in mind:

 

-Read all the documents before signing, especially the sales and purchase agreement, which contains important information about proof of ownership, resale restrictions, penalty clauses, and building delay penalties. Buyers should be clear about the details of all of these provisions.

-Research the developer, find out what other developments they have completed and what the overall satisfaction is.

 

 hirise

mls.ca

 

                                                                                   mls

 

MLS.ca is a fantastic way to start yourself into the Real Estate market. You get to see whats new and available on the market, check out photos and neat virtual tours.You are able to get information on different locations and neighbourhoods. Find out whats close by and what are all the hot attractions and entertainment hot spots.

 

The downside of the system is that is not updated on a regular basis.Some homes you may be viewing may have sold 3 months ago. Or a home you have your heart set on may have a had price reduction and you had no idea. This is why its a good thing to hook up with a REALTOR in your local area. They have there own mls system that is updated every minute of the day, if there a price reduction or any status change they will be the first to know!

 

Another great feature is the “prospect match” your REALTOR can set you up on this system where you will get a report almost everyday at midnight with all the new listings, and updated information, this will also save you lots of time instead of sitting on the computer looking through 20 pages of listings that are all outdated. All you need to do is sit down with your representative and outline your buying criteria( price range, # of bedrooms, parking,square footage, balcony etc). He/she will then input this into the system and you too will be the first to know of any changes. Its really easy and if you come across a listing you are interested in viewing, all you need to do is contact your real estate salesperson and give them the “MLS number”, they can pull this listing in a flash and book you a private viewing right away. This will also give you a good sense to what is out there in market and any activity.

So if your looking to purchase, find a REALTOR in local area and ask them to put you on a prospect match! With the help of a REALTOR you will be well on your way finding that dream home!

Where have all the condos gone?

10071-16This afternoon I had been prepared to show my client 10 properties all within the area and price range that he had asked for.  We’d now seen just shy of 15 units, and almost made a move on one specifically but didn’t want to be trigger happy, after all it is a Buyer’s market, right?? No kidding!!

By the time we met up he sat in my car and I turned to him and said, “Well, looks like we’re down to 3 now, the others have sold virtually over night”.  Just the other day an agent from my office was 1 of 20 offers submitted on a property!! Ok, now someone please tell me what is going on here, could it have been the shortest slow down in real estate history?

Hey, I’m not complaining but, if things continue and buyers don’t get out there and act fast, we maybe headed back into a multiple offer situation once again.  Interest rates are an insane 3.69%, OMG variable rate 2.85% to rent in this market if you have a stable job and at least 5% to put down, would be crazy! Now is the time to increase your wealth, and take advantage of this great time to Buy!  

Especially HOT areas, like King West, Liberty Village, St. Lawrence Market, these areas have  minimal inventory and everyone wants in.  The most popular layout as it has always been the case, is the infamous 1 bedroom and den condo, with parking and locker of course, between $275,000 to $300,000.  

If that is the space that you see yourself purchasing, stand in line because over 65% of the Buyer’s in the condo/loft market are looking for just that and there simply aren’t that many good options to choose from in these areas.  Tomorrow I’ll list for you the top 5 condos in these 3 areas and over the course of MCNN’s May edition we’ll be profiling some of these areas and buildings.

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