Live Here Buy This! Great Neighbourhood Walking Distance To Catholic, Public Schools, Parks, Shops. Huge Irregular Lot. Hardwood On Main Floor, Ceramic In Kitchen, Cal Shutters In Kitchen & Living Room. Modern Maple Cabinets, Pot Drawers & Pantry. S/S Fridge, S/S Smooth Top Stove, S/S Front B/I Dishwasher & S/S Hood Range. Bsmt Has Fin Office/Playroom, Large Rec Room With W/I Closet Or Easily Made 4th Bdrm. Loads Of Space & Storage. Custom Fit Blinds In Bdrms Include: All Light Fixtures, Blinds, Fridge, Stove, B/I Dishwasher, Rangehood, Freezer In Bsmt, Washer & Dryer. Bathroom Has Just Been Updated In The Last Month, Owner Still Finishing...Such As Faucets, Light Fixture & Gfi Plug.
$$$ In Renos In Last Year! This 5 Bedroom Student Rental Brings In $475/Room Permonth!! Parents/Students Will Love The Care Put Into To Make Such A Comfortable & Enjoyable Space For Those Years At University. Basement Has Been Dug Out, Floor Redone To Make Better Ceiling Height According To Proposed Bylaw For Basement Student Rental. Kitchen Just Put In,Brms Have Locks For Privacy,Sep/Entrance To Basement. Newer Doors And Most Rooms With Hardwood. Lrg Addon Offering Space & Added Privacy To Students.Frontld Wash&Dry To Stay As Well Fridge, Stove, Dishwshr. Walk To University, Shops, Groceries, Bus Is Steps Away. As They Say Location Location!
Wow! The Work Done In Recent Mnths To Make This 5 Bedroom Student Rental Investment Is Fantastic! $$$ Everything To Code! Parents/Students Will Love The Care Put Into To Make It A Comfortable & Enjoyable Space For Those Years At University. Basement Has Been Dug Out, Floor Redone To Make Better Ceiling Height According To Proposed Bylaw For Basement Student Rental. Kitchen Just Put In Recent,Bdrms Have Locks For Privacy, Sep/Entr To Basement. Lrg Addn Offering Space& Added Privacy For Students.Frontld Wash&Dry To Stay As Well Fridge,Stove,D/W & Some Furnishing To Help Get Students Started. Walk To,University,Shops, Groceries, Bus Is Steps Away. As They Say, Location,Location!
Please call for full list of details and private viewing jerri-ellen@bell.net
This 4 Bdrm 4-Level Sidesplit Has 1 Car Garage, Large Lot, Open Concept Main Floor W/Living, Dining & Reno'd Kitchen W/Granite Countertops, Breakfast Bar & Plenty Of Cabinets. Hardwood Floors, Throughout The Home, Family Room W/Gas Fireplace & W/O To Backyard Patio. Updated 4 & 2 Pc. Baths, Finished Basement Area W/Broadloom & Potlights, Lg. Master Bdrm W/Hardwood Floor & Dbl Closet. All Windows Have Been Updated. Backyard Has Oversized Kidney Shaped Pool W/Concrete Patio Area & Cabana Bar/Pool Shed W/Lg. Grass Area & Interlock Around The Garden Beds Making It The Perfect Place To Entertain Hwt (O) Ws (O) Move Right In & Enjoy!
I Love Visitors! Don't You Think I Have Great Curb Appeal! You Should See My Yard. It Is Huge W/An Above-Ground Pool & A Very Large Deck. Imagine The Pool Parties! You Will Fall In Love With Me. I Have 3+1 Bdrms (Master Is So Large I Have A King Bed). There Are 2 Baths, A Fin Basement W/Rec Room & More! My Living Room Is Open To Dining With Gas Fireplace With New Gas Air Tight Insert For Cool Nights Or Romantic Dinners. Walk To Public, Catholic Schools, Churches & Saturday Morning Market On Main Street. So Location Location! Some Things You May Be Interested In Knowing About Me Are My Shingles Are 25 Yrs, Put On In 2002.
'Open Concept Living At Its Finest'...Entertain Family & Friends In Comfort In A Kitchen That Overlooks A Sunk-In Family Room With Wood Burner For Those Canadian Winters & Sliding Patio Doors Inviting You To A Very Private Backyard With In-Ground Pool For The Hot Days Of Summer All This & No Neighbours Behind!! Home Has A Lovely Lay Out W/Hardwood & Ceramic Floors, Dining Room, 3 Good Size Bdrms, 2nd Bath Already W/Rough-In For Shower! Very Nice Subdivision On The West End Of Brampton Walking Distance To Catholic & Public Schools, Shops & Transit.
This 3 Bedroom Executive Townhome Features An Open Concept Main Floor Area With Kitchen, Living & Dining Rooms With Walk Out To Deck & Awesome View. The Kitchen Has Ceramic Floors & Plenty Of Cabinets. 4 Bathrooms, New Laminate Flooring Throughout Main & Upper Floors. Huge Master Bedroom Has A 4 Piece Ensuite Bath With Soaker Tub & Sep. Shower & Walk-In Closet. Finished Basement Area Perfect For Watching The Big Game & Another Walk Out To Patio. Laundry Room With Storage, 1 Car Garage With Shelving Unit For More Storage. Hwt (R), Water Softener (R) Includes All Elfs & Appliances. Move In Ready & Awaiting Your Arrival In This Quiet Well Cared For Complex.
Wonderful All Brick Family Home In Great Neighbourhood. This 1863 Sq.Ft. (*Above Grade), 5 Bedroom Back Split Offers Hardwood Flooring Thru-Out, Crown Moulding, Pretty Sunshine Design Ceiling In Living/Dining Rm and family room. Large L-Shapled Living Room And Dining Room Great For Entertaining Guest & Big Family Dinners. Great For Growing Family, Family With Grandparents. Large Eat-In Kitchen. Shingles In '03, Furnace '09 (15 Year Warranty) Water Heater '09. All Appliances, Electric Air Cleaner, Broadloom Where Laid, Gas Burner & Equipment, All Electrical Light Fixtures And Window Coverings And Maybe Some Furnishings!
Very Appealing Floor Plan With Gas Fireplace, Pot Lighting Open Concept Family Room & Kitchen, Main Floor Dark Stained Hardwood Flooring Make A Welcoming Home For Both Owners And Guests. Built-In Appliances Including Microwave And Ceramic Flooring In Kitchen, Central Vac, Easy Clean Windows, Central Air, And Upper Laundry Offers Comfortable Living. Finished Rec Room Or Office Has Sliding Patio Doors Leading To Deck And Huge Fully Fenced Yard. Yard Is One Of The Largest In The Complex! Doulbe Car Garage And Large Drive Gives Space For 6 Cars. Extra Windows In This Spacious End Unit Lets In Lots Of Light. Great Location!! Close To Park, Schools, Shops And Go Transit.
So, you've decided to take the big leap and purchase your first home. Most of us have a "dream home" tucked away at the back of our minds -- complete with six bedrooms, two fireplaces and a panoramic view. Before setting off to view properties you likely can't
Your "dream home" can easily become a nightmare when most of your money goes to pay the mortgage and there's little left over for anything else. Overextending yourself financially is the quickest way to destroy the excitement of home ownership and add stress to your life.
Smart home-buying means knowing what you can afford and being practical about it. Most first-time buyers, in particular, lack the funds needed to buy a home without assistance from a bank or financial institution. Buying a home means combining savings with money borrowed through a special arrangement called a mortgage.
To keep mortgage payments within their means, most first-time buyers purchase what is commonly known as a "starter home." A starter home is just that -- a way of getting started in long-term real estate investment.
To match the home you buy to your pocketbook you have to realistically assess your needs, determine what you can afford and, usually, lower your expectations. Begin by enlisting the services of a real estate representative. This individual will help you target your home ownership dreams and provide valuable information on mortgage options, interest rates and incentives, such as government programs, for first-time buyers.
In the meantime, here are some ways to determine how much you can afford.
Set a maximum price range To determine your "affordability" price range, you must calculate two amounts: the amount of cash you can afford to put towards the purchase (down payment) and the maximum amount of loan (mortgage) you can comfortably carry. Typically, household expenses should not exceed 35 per cent of your gross income.
Put down as much as you can The key to getting started for most first-time buyers is the initial down payment. This is the part of the purchase price you have to put down as cash. You may be able to buy a home for as little as five per cent down. But remember that the larger the down payment, the easier it will be to manage the other expenses (mortgage, utilities and property taxes).
An ideal down payment is 25 per cent of the purchase price. Keep some cash in reserve though for unexpected expenses related to a home purchase and typical expenses such as land transfer tax, legal fees and moving expenses.
Know how much to borrow To establish your maximum mortgage limit, a financial institution will determine the monthly payment you can afford by calculating your debt-service ratio. List all your loans (car, personal loans, monthly credit card balances). The sum of these and your mortgage payment, including principal, interest and taxes, should not exceed about 40 per cent of your gross income. The mortgage payment and taxes should not exceed about 30 per cent of your gross income.
Understand interest rates The size of the mortgage you can arrange, based on payments you can afford, depends on interest rates. The lower the rates, the larger the possible mortgage and the more affordable home-buying will be.
However, there are other variables to consider: How open is the mortgage? Is it portable? Would prepayment be allowed? Discuss your mortgage options with your REALTOR®, banker or financial advisor. Decide what's best for you, establish a limit and stick to it.
Look at other sources of funds If you have been contributing regularly to a Registered Retirement Savings Plan (RRSP), you may have to look no further for your down payment. The federal government's RRSP Home Buyers' Plan allows eligible taxpayers to withdraw up to $20,000 per person ($40,000 per couple) tax free from their plan to buy a qualifying home. However, you have to pay back every year at least 1/15th of the amount taken out until it is all paid back, or there will be a tax penalty.
The Ontario Home Ownership Savings Plan (OHOSP) is a provincial program which provides tax credits on annual contributions to an Ontario resident earning less than $40,000 a year (or less than $80,000 per couple) who has never owned a home. While there is no limit to the amount you may deposit in an OHOSP, you can only receive tax credits on annual contributions of $2,000 ($4,000 per couple) or less. Depending on your annual income and the money you invest, you can earn up to $500 individually or $1,000 a couple in tax credits a year. The plan must be closed and a home purchased by the end of the seventh year.
The Canada Mortgage and Housing Corporation's (CHMC) five per cent down mortgage program is available to both first-time buyers and those who have already owned a home. This benefits buyers who can afford the monthly payments, but would have trouble saving for a larger down payment. Under the program, CMHC may insure the mortgage on your home (against default in payments) for up to 95 per cent of the lending value. An insurance premium of about 3.75 per cent of the mortgage loan is charged. This amount can be added to the mortgage or paid on a monthly basis.
Other sources of funds you can tap into for a down payment include savings and investments and loans or gifts from your family or relatives. If you're already a homeowner and moving up, you can use money that you get from the sale of your present home.
Article Taken From OREA
Johnson Associates Real Estate Ltd., Brokerage, independently owned & operated visit www.jerri.ca or email jerri@johnsonassociates.ca
