Exclusive Waterfront Home in Port Perry

Welcome to Your Waterfront Oasis on Lake Scugog with 3 Bedrooms, 3 Bathrooms Detached 2 Car Garage. Designed and created with a “Bungalow lifestyle” in mind.

 
Beautiful Western Views and Vistas that can only be outdone by the absolutely Stunning Sunsets you can take in from the huge deck overlooking Lake Scugog. This home has been designed around a bungalow lifestyle with the Master Bedroom on the main level that features walk through closet to a beautiful  4-Piece Semi Ensuite Bathroom. You will also find the laundry room on the main level and a stunning Open Concept floor plan that is almost completely barrier free. 
This custom built 3 Bedroom, 3 Bathroom home has a detached 2 car garage complete with a 2nd Story Loft that is ready to be developed. Generous driveway allows for parking for up to 8 cars. 24 Foot soaring cathedral ceilings provide a sun drenched living space with stunning views across the lake from almost every room. The open concept main floor layout also features a stunning kitchen with Solid Wood Cupboards that are complimented by the rich black granite counter tops and high end appliances, including an induction stove with down draft venting. The Open Concept Living space makes this a a great environment to Entertain with family and friends.
Other Features: 
  • Hardwood Floors on 1st and 2nd levels
  • Ceramic Tiles in Kitchen and Foyer
  • LED lighting throughout the Home 
  • New Drilled Well 
  • New Septic System 
  • Parking for 8 Cars 
  • Rough In for “In Floor” Radiant heating in basement
Dont miss the Opportunity to make this Wonderful Waterfront home your own !!!
Contact me for additional information or to book your own private showing.

SCOTT ROY Sales Representative

RE/MAX JAZZ INC Brokerage

21 Drew Street Oshawa, Ontario L1H 4Z7
(905) 728-1600 (Office) or (905) 435-7355 (Text/Direct)
Exclusive Listing and is currently offered for sale @ $1,199,000 

We Need Good Supply and an Equal Level of Demand.

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.

Scott Roy, Sales Representative

RE/MAX JAZZ Inc. Brokerage

21 Drew Street, Oshawa ON L1H 4Z7

(905) 728-1600 office  or (905) 435-7355 direct / scott@lifeindurham.com

 

 

Hustling to Earn Your Business !

REMAX Logo NewConstantly searching for ways to become your trusted partner prior to you needing that trusted partner in real estate. Click on the fun link below to watch our hustle video.

Hustling To Earn Your Business

For Additional Information Please contact me directly to learn more about the real estate process, myself and the current real estate market in your own neighbourhood.

SCOTT ROY, Sales Representative

RE/MAX JAZZ Inc. Brokerage, 21 Drew Street

Oshawa, Ontario 

(905) 435-7355 Direct / Text 

Scott@lifeindurham.com 

 

hustlegraphic

 

New Qualification Rules for Mortgages

We met with mobile mortgage specialists from RBC this week to discuss how the recentconventional-versus-high-ratio-mortgage rule changes are affecting home buyers. Its not overly complex but the changes do have a significant impact on both buyers and the potentially the real estate market.

Lets run through a possible purchase scenario 

  • Buyer Client is a first time home buyer
  • They saved 5% for the down payment
  • $100,000 combined income
  • $800 a month for Loans, Car Payment, VISA Balance etc.

Subject Property they would like to purchase

  • Purchase Price $475,000
  • Property Taxes $5,000 / year
  • Heating and or other Expenses $1,200

 

2017 Qualification Rates for a 5 year fixed term – 3.19% 

  • Purchase Price $475,000
  • Purchase 5% Down Payment
  • 25 Year Amortization
  • Estimated Monthly Payment $2,221

** Total Debt Service Ratio =42%  equals mortgage APPROVAL  ** 

2018 Qualification Rates for a 5 year fixed term – 5.14% 

  • Purchase Price $475,000
  • Purchase 5% Down Payment
  • 25 Year Amortization
  • Estimated Monthly Payment $2,712

** Total Debt Service Ratio =48%  equals mortgage DECLINED  ** 

ADJUSTED QUALIFICATION *** 2018 Qualification Rates for a 5 year fixed term – 5.14% 

  • Purchase Price $400,000
  • Purchase 5% Down Payment
  • 25 Year Amortization
  • Estimated Monthly Payment $2,299

** Total Debt Service Ratio =43%  equals mortgage APPROVAL  **

Now more than ever it is so important to align yourself with and partner with industry professionals to help navigate you through all of your real estate options and the process of searching for and purchasing your new home. You may qualify for more than you think., You may have to adjust your search criteria, either way knowledge is truly a power full tool and a tremendous advantage in this current market place

Would like to thank Marlene Jobb, Ethan Jobb & Alexandra Jobb for presenting and  assembling the above numbers and scenarios. 

  • Marlene Jobb @ (905) 432-4310 marlene.jobb@RBC.com
  • Ethan Jobb @ (289) 927-3720 ethan.jobb@RBC.com
  • Alexandra Jobb @ (905) 995-2126 alexandra.jobb@RBC.com

Thank you

 

SCOTT ROY, Sales Representative

RE/MAX JAZZ Inc. Brokerage, 21 Drew Street, Oshawa ON

(905) 728-1600 Office or (905) 435-7355 Direct – scott@lifeindurham.com

 

$699,900 Port Perry 4 Bedroom Bungalow – Open House Today 2:00 to 4:00 pm Sunday August 20th

Just Reduced Again and Open to Everyone Today from 2:00 – 4:00 p.m. Today !!

Listed at $699,900

Cant beat this Value in Town with a Huge Lot and Detached 2 Car Garage. Join us Today for an Open House at 15093 Old Simcoe Rd.  from 2-4 pm

Lovely 4 Bedroom Ranch Style Bungalow that has been completely renovated – New Kitchen, New 3 Piece Master En-Suite, New Roof, 2 Car Detached Garage, Massive Pool Sized in Town Lot.

This Home is close to School Amenities, shopping and Historic Downtown Port Perry.

Come out and check out all this home has to offer.

Scott Roy, Sales Representative
REMAX JAZZ Inc. Brokerage
21 Drew Street, Oshawa, Ontario
L1H 4Z7

(905) 728-1600 Office
(905) 435-7355 Direct

 

 

 

Beautiful Ranch Bungalow For Sale in Port Perry

Welcome to 15093 Old Simcoe Rd!

Don’t Miss Your Opportunity to Make This Winning Combination your Own!

Virtual Tour

IMG_3078Newly 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 canIMG_3093 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 

  • Huge Yard
  • Roof to be Replaced end of July 2017
  • Newly Paved Driveway
  • Hidden Television in Main Bathroom
  • New 3 Piece Ensuite in Master bedroom
  • 4 Bedrooms
  • Finished Basement
  • Great Location
  • Detached 2 Car Garage

 

For Additional information on this wonderful listing please contact either

SCOTT ROY or PAULA WILBAND, Sales Representives

RE/MAX JAZZ Inc. Brokerage 

21 Drew Street, Oshawa, Ontario, L1H 4Z7

(905) 728-1600 Office

Scott@LifeinDurham.com or Paula@paulawilband.com

Lake Side Bungalow – For Sale, 2 Beds + 2 Baths

Welcome to View lake on the Shores of Lake Scugog just east of Port Perry!

_MG_6957View lake is where you will find this Wonderful 2 Bedroom Bungalow on a huge lot backing onto the local renowned Wolf Run Golf Course. This home has a very pleasant layout with the dining area over looking the front yard which provides a view of Lake Scugog.

New broadloom in the living room and a gas fireplace makes for a warm and cozy area to watch movies or relax with the family.

2 Bedrooms on the main level surround the recently updated 4 piece bathroom. The _MG_6967unique layout and configuration also provides a side entrance from the carport and a main front entrance as well. There is also a single car garage with an access door to the back yard.

The huge yard has a large above ground pool with a deck and separate “Bunkie” / Garden Shed with seasonal water connection and hydro. Turn this into your Garden Hobby area, “Man Cave” or a really cool hideout place for the kids.

Te Basement was also recently updated with all new drywall, pot lights, new insulation, new furnace and new broadloom. You will also find a gas fireplace in the basement. This area is Currently an blank canvas to do what you like and or create your own living space.

There are so many options and opportunities with this home. Don’t Miss your opportunity to make this home your own.

For Additional Information of to book a private showing please contact me directly:

SCOTT ROY Sales Representative

REMAX JAZZ Inc. Brokerage

21 Drew Street, Oshawa, Ontario L1H 4Z7

(905) 728-1600 Office or (905) 435-7355 Direct / Text