442 Lakeshore Drive is a spectacular custom built 3 Bedroom, 4 Bathroom home with exceptional attention to detail and beautiful craftsmanship as seen in the beautiful cherry wood doors, baseboard, trim, custom kitchen cabinetry and the European inspired Tilt and Turn windows found throughout this outstanding home.
The main level is highlighted by the spacious family room with gas fireplace featuring gorgeous Birdseye maple hardwood flooring. The Kitchen features updated Quartz counters, custom cabinetry and is combined with the breakfast area. You will also find 2 walk outs to the composite deck on this level. Some of the additional jewels found on this level are the formal Dining Room & wonderful, large Living Room overlooking the gently sloping front yard.
The second level is where you will find all 3 generous sized bedrooms, a laundry room and 5-piece main Bathroom. The Master Bedroom retreat has a most unique layout as it combines an office or nursery and a stunning and massive spa like 5 Piece en-suite featuring a custom tiled shower and a double sink vanity with custom tile work. The Master Bedroom also includes a large walk in closet. Bedrooms 2 and 3 are generous in size. Bedroom 3 has a layout that will take you or your children on an almost limitless creative ride with so many options for desks, storage and arranging furniture in the most unique way!
I would tend to agree with a few of the points from an article that appeared in the globe and mail from a few weeks ago (see below). It is my understanding that the more first time home buyers that enter the market without sufficient inventory to select from can be one of the contributing factors of what happened a few years ago where too many buyers in the market didn’t have enough homes (inventory) to select from. Demand outstrips supply and we see 2, 3 or 4 buyers looking to acquire that entry level home in a good neighbourhood and multiple offers increase the purchase price which then has a trickle down affect to the next sale in the neighbourhood and the feeling from Buyers that they have to outbid other buyers as opposed to being able to shop for a home.
Article from Globe and Mail
There seems to be recognition that maybe there could be somethings to consider to assist 1st time home buyers getting into home ownership. Although, RBC warns against taking measures to spur the market.
Some highlights as follows;
Some chatter of late of what Bill Morneau may unveil in the March 19th budget related to housing affordability
Some possibilities mentioned have been;
o 30 year amortizations for 1st time home buyers
o Relaxing the stress test
o Increasing the tax free RRSP withdrawal limit for 1st time home buyers
RBC Senior Economist, Robert Hogue, warns against taking such measures as they don’t address concerns such as;
o Gaps in the mix of housing options
o High household debt
o Inventory challenges
o He even warns such measures could inflate prices
Hogue does not believe Canada has a problem with home ownership;
o On average, more than 40% of Canadian Households headed by those under the age of 35 own their homes
o The proportion of Canadian households who own a home is one of the highest in advanced economies
Hogue feels that the collective goal should be to remove barriers (regulatory, administrative etc.) inhibiting developers and builders to respond quickly to the demand for new housing
If you would like to know more about the real estate market in your neighbourhood or community i would be happy to create a customized report that will outline the details of the market is performing from both sides of the equation.
Newly Renovated to Create a Wonderful Open Floor Plan with 4 Bedrooms and 3 Bathrooms. Finished Basement Provides Even More Liveable Space for your Family. This Lovely Ranch Style Bungalow is Situated On A Huge Country Size Lot Right in Town. Enjoy Morning Coffees or Wonderful Sunsets on Your Sprawling Front Porch, Reminiscent of Yesteryear! Newly Paved Driveway Leads to a Turn Around Parking Pad and Insulated & Fully Detached 2 Car Garage. Back Deck Provides Plenty of Space for Friends, Family and Entertaining and Don’t Forget About the Huge Fully Fenced Back Yard Where you can Enjoy so Many Outdoor Activities. This Home is located Within Walking Distance To Historic Downtown Port Perry, Public & High Schools and Many More of the Amenities Town Has to Offer. Perfect Timing To Get Settled Into Your New Home Before School Starts!
Other Features and Highlights
Roof to be Replaced end of July 2017
Newly Paved Driveway
Hidden Television in Main Bathroom
New 3 Piece Ensuite in Master bedroom
Detached 2 Car Garage
For Additional information on this wonderful listing please contact either
We go live today !! All the hard work and preparations have been well worth it. We are taking this Fantastic Semi Detached home to market today.
3 Bedrooms + 3 Bathrooms, Open Concept Main Floor, Beautiful Kitchen and Breakfast has walk out to Patio and Back Yard. Main Floor also has a 2 Piece Powder room and Direct Garage Access. Garage has Parking for 1 Car and 2 additional Cars on the Driveway.
Finished Basement has an L Shaped Rec. Room and Unfinished Laundry Room and Storage Area.
Located in one of Whitby’s most desirable Neighbourhoods known as Williamsburg which has great schools, parks and is very close to many public transit options. The recently Completed Highway 407 and 412 provide new alternatives for commuting. You also have access to GO Train Stations (Whitby and Ajax)
Large Back Yard has a Shed and plenty of space for the kids
Don’t miss this opportunity to make this special home you very own. For additional Information or to book your own private showing please contact me:
Scott Roy, Sales Representative
RE/MAX JAZZ Inc Brokerage.
21 Drew Street, Oshawa, Ontario. (905) 728-1600 Offie or (905) 435-7355 Direct
May has come and gone and there was no shortage of buyers here is Durham Region!
DRAR or Durham Region Association has released numbers for may and they are both good if you are looking to sell. The current president of (DRAR), Sandra O’Donohue, has stated in her report that 1,445 residential transactions took place in May 2016. This represents an increase of 8.7 per cent compared to the same period last year. Sandra was quoted as saying “There is no shortage of buyers in the market today,”
In contrast, there were 1,790 new listings in May 2016 compared to 1,851 May 2015; a 3.4 per cent decrease. This is the main reason for why prices have risen and the number of offers on some homes has increased into double digits. “Home prices have shown strong year-over-year increases in the Durham Region,” added O’Donohue.
The average selling price in Durham reached $531,051 last month. In comparison, the average selling price was $449,837 during the same period last year. This represents a 15.3 per cent increase. Similarly to last month, the continued increase in prices has caused homes to sell faster, selling in an average of 11 days compared to 15 days last year.
Buyers are more frequently having to remove conditions prior to making an offer, which in some cases makes the Buyers more prepared. Simply put Buyers have to know exactly what they are qualified for and many are now taking the advice of having a preemptive home inspection completed prior to making an offer. A Preemptive Home Inspection is done in just under an hour and looks at only major components of a home simply to give buyers that extra piece of mind.
Stats and Figures are taken from the DRAR Durham Region Association of Realtors monthly E bulletin for June 2016.
For additional information on the current real estate market please feel free to contact me directly:
This is a Wonderful 4 Bedroom + 4 Bathroom Home located in a Very Family Friendly Neighbourhood of Port Perry.
27 Queensplate Drive is An All Brick 2 Storey 4 Bedroom + 4 Bathroom Home with a Professionally Finished Basement, 2 Car Garage, Huge Eat-in Kitchen with Custom Back-splash. Check Out the Link Below for Additional Information and Walk Through Virtual Tour
OPEN HOUSE SATURDAY AND SUNDAY, August 9th and 10th from 2 – 4 p.m.
Simply Gorgeous Custom Built Home that has Just Over 3100 Sq Ft Of Fantastic Living Space
Join us this weekend and preview a simply gorgeous home in Port Perry at 435 MacDonald (MAP). On Saturday and Sunday we will be hosting an Open House and this will be your opportunity to look around this home and see how inviting the layout is and just how much space there is to raise your family. You will also be amazed by the huge Pool Sized lot See below for a few of the highlights of this home.
4 Large Bedrooms
5 Bathrooms (Each Bedroom has an En-Suite or Shared “Jack and Jill” En-Suite).
Juliette Balcony in Master Bedroom
Large Open Concept Master Bathroom
Separate Shower and
Huge Whirlpool Tub!
Home has Built in speakers throughout – Fill your home with music
Simply Spectacular Home on a Majestic Corner Lot Set In The Wonderful Enclave Of Homes In Castle Harbour. This is an All Brick Ranch Style Bungalow with a an over-sized 2 Car Garage & Direct Access To The Home.
Gourmet Chef Inspired Kitchen With Soapstone Counters And High End Stainless Steel Appliances. 2+2 Bdrms with the option to convert back to 3 Bedrooms upstairs. Exceptional 5Pc Main Bathroom With a Separate Shower And Claw-foot Tub. This Home Has So Many Improvements And Upgrades-Don’t Miss The Opportunity
A few weeks ago I was speaking to some clients and customers about moving up to larger more spacious homes. Most wanted to however there was common thread among everyone for not wanting to make the move right now and that was “it seems larger homes are increasing in value so much quicker”. This may be true but it is a bit of a misconception – it seemed larger homes were increasing quicker because that is what they are focused on right now. Most people are only looking at the homes they would like to move up to and not the values of the homes they are in. Having uncovered this little nugget I thought it would be cool to do some research for some of those people. Most people I spoke to are currently living in smaller Townhomes so i picked a street that is made up of entirely townhomes and ran some numbers from 2010 to today.
Here is what I found out:
Street “A” Located in North Oshawa – 3 Bedroom + 3 Bathroom Town-Homes with roughly 1500 – 1600 square feet
2010 Average Sale Price $233,250 with the highest sale being $258,000
2011 Average Sale Price $239,480 with the highest sale being $247,900 – Based on Average Sale price that is an increase of only 2% from 2010 to 2011
2012 Average Sale Price $264,633 with the highest sale being $274,900 – Based on Average Sale price that is anincrease of 10% from 2011 to 2012
2013 Average Sale Price $294,378 with the highest sale being $319,500 – Based on Average Sale price that is an increase of 11% from 2012 to 2013
That is an amazing increase in just 4 years – I am not sure if any standard investments have performed as well and provided that much of a return. At the low end of the spectrum there is potentially $61,128.00 worth of equity in your home. Not to mention most Canadians are very responsible in paying down their mortgages which means there might be even more equity available that will allow them to move up to the larger and more spacious home or acquire a home in the neighbourhood they have always wanted to be in, the one with the mature trees lining the street with great schools and with walking distance to all amenities.
If you are interested in finding out more about the street you live on or the neighbourhood you call home, please feel free to give me a call and I can provide the same level of research that will help you with your own decisions. Deciding to buy and or sell is a huge decision and should be made when you have all of the most relevant information you can obtain. Being well informed can save you thousands of dollars!
If you or someone you know is considering buying a home or selling their own home please have them contact me I would be happy to help with all of their real estate needs!
People often see For Sale signs on their street and they understand what the asking price is as it is often advertised or an Open house reveals the price. What people don’t see is what the property eventually sold for and that has a greater impact on the values of homes in the area or on that specific street.
As a Realtor I need to provide accurate and relevant information for Sellers and Buyers and one way I can do that is look at the history and let people know what the homes are selling for today in comparison to previous years. Information is very powerful as it helps people on either side make decisions that will affect theirs and their families lives. Buyers want to know if their improvements are having a positive impact and buyers want to know what current values are so they can offer fair market value for a home they would like to purchase.
I have pulled together some research to illustrate this point.
Street A in Port Perry Ontario had an average selling price in 2013 For a 4 Bedroom Detached Home was $450,550
That is an increase of 3% from the previous year
Street B in Port Perry Ontario had an average selling price in 2013 for a 3 bedroom detached home was $297,750
That is an increase of 8,5% from the previous year
The National Media has a tendency to take large pools of data from large urban areas and churn out numbers that can sometimes be scary to home buyers and sellers. When what home buyers and sellers need are the results from small niche communities, neighbouhoods or areas. Buyers don’t general look at purchasing anywhere across a large city – they narrow down their search to a few smaller communities, neighbourhoods or areas and then start looking. Likewise Sellers and are only impacted by what is happening in the immediate area they are selling. I do agree and admit Politics and Banking policies can have a [ large sweeping affect on the housing market across the county of province, but on the whole you need to look at what is happening and trending in the area you are selling or buying.
If you are considering selling your current home or purchasing a new home and would like more detailed information and not just “Whats For Sale Right Now” then contact me and I would be happy to put together the appropriate information for you and or your family. Also if you are interested in how the market is doing in your area and do not want any obligations then send me an email or give a call and I will be happy to provide you with the information you need. email me email@example.com
Want to know what is happening your street? simply tell me what street and I will provide that information as well.
SCOTT ROY RE/MAX JAZZ
21 Drew Street, Oshawa, Ontario
(905) 728-1600 Office
(905) 435-7355 Direct