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159 Wellesley Condos

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Rehabilitation and urban intensification of a former gas station into an elegant tower showcasing design excellence, highlighted by a playful colouration of its curves. In the downtown, this central location offers excellent transit and amenities.159 Wellesley located at Wellesley Street and Sherbourne Street.

159 Wellesley Street by Diamond Corp would be a 38-storey tower with 326 condos, of which 216 would be 1-bedroom and the rest 2-bedroom units. The building would have a 4-storey podium with 2,300 square feet of street-level retail space and three residential floors, topped by a 34-storey point tower. A gym, party room, lounge and outdoor amenity space would be situated atop the podium on the fifth floor. The entrance to the condo would be from Sherbourne Street, as would vehicular access to the building’s garbage and loading zones. Access to the underground parking garage, which would hold 126 private parking spots and four visitor spaces, would be from Wellesley Street East. The building would have 195 bicycle parking spaces.

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Important Message: In order for an investor to take the most advantage of Buying Pre-construction Condos is to buy before its open to the public. Prior to opening day of a new condo sales office to the general public, prices may have gone up. This will be an opportunity for you to invest in a unit at the lowest price possible before its open to the public. You can be one of the first purchasers to be invited to Platinum VIP Preview Sales Event long before the presentation centre opens to the public. This gives you an opportunity to have the first access to inventory, best pick at unit levels, floor plans, lowest price not available to the public and the ability to take advantage of Platinum VIP Condo Incentives the builder may offer.  This is a perfect opportunity at the Platinum VIP Price.

For more information and to register now for this project Condos Platinum VIP Preview Sales Event please Register, we can only bring limited customers into the Platinum VIP Sales Event, so pre-register now for priority access:

 

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Seven costly mistakes of property investment

Would-be buyers are often scared by hellish income property stories. But if you want to stay out of property purgatory, writes investment expert Paul Kondakos, avoid the following 7 Deadly Sins of income investing:

1. Poor Property Selection – This one can weigh on anyone’s soul as purchasing the wrong investment property can have long lasting repercussions that can range from high vacancy rates to exorbitant maintenance/repair costs. You need to ensure that you educate yourself and do your homework before you jump into any investment. Start by learning the criteria that make for a good income property investment.

2. Lazy Expense Tracking – Income property investing is a business, and as such, you need to be doing one of two things. Increasing revenue or decreasing expenses. Failure to track expenses is a costly mistake as patterns may reveal opportunities for cost savings. One such example is utilities which are one of the biggest expenses in operating an investment property. Often times water leaks can go undetected and cost BIG money. Simply tracking your bills will alert you to any activity that is out of the norm and allow you to act immediately.

3. Inadequate Tenant Screening – If you want to truly experience income property Hell don’t do any tenant screening at all. This is the one of the biggest sins you can commit as a property owner as you leave yourself open to unpaid rent, property damage, disruption of other tenants, additional unwelcomed tenants and a whole slew of other bad things which can cost thousands of dollars. To avoid this certain Hell, ensure you (A) Check Credit (B} Check Employment References and Pay Stub (C) Check Previous Landlord References (D) Check Personal References (E) Check Photo ID and (F) Ensure you Get First and Last Month’s Rent Up-Front.

4. Negligent Superintendent Supervision – Failure to supervise can be a costly mistake as the downside can range from missed efficiencies or savings opportunities to outright fraud or theft. No matter how great your superintendent or property manager, you still need to actively manage them as no one has your best interests at heart like you do. To ensure everyone is on the same page have regular meetings with your superintendent or property manager to review repairs, expenses, tenants and protocol.

5. Sloppy Accounting – Not keeping track of your income and expenses will not only put you on a fast track towards major headaches at tax time, it will leave you in the dark about potential inefficiencies and costs savings opportunities. Using an accounting program such as Quick books or a simple Excel spreadsheet will help keep you out of CRA’s Inferno.

6. Deferred Property Maintenance/Repairs – There is a special place reserved in Hell for the Slum lord. This one is a double whammy for those that are eager to experience income property Hell. While no one likes to shell out money for maintenance and repairs, failure to do so will inevitably lead to 2 other certainties (A) good tenants will leave and (B} repair and maintenance expenses will begin to grow exponentially the longer they are ignored. Keep your inner Slum lord at bay by putting aside funds to carry out regular maintenance and repairs.

7. Complacency on Rents – As mentioned in Sin #2 (Lazy Expense Tracking), income property investing is a business. Failure to keep up with going market rents will keep you from achieving maximum potential income (and keep you from maximizing the market value of your income property). Ensure that rent increase notifications are being handed out every anniversary as per the prescribed guidelines and that any newly vacant units are being priced according to going market rents.

Avoid these 7 Deadly Sins of income property investing and you will find that income property investing can be a heavenly experience. Source: Canadian Real Estate Wealth

 

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No sharp dive in housing market says CIBC economist

According to a top CIBC economist, suggesting the anticipated housing decline will not be as sharp or as long as earlier projected because of immigration.

“It turns out fears of a long and sharp downturn in the housing market, are highly exaggerated and very premature,” said Benjamin Tal, deputy chief economist at CIBC. “In fact demographic forces will be supportive to real estate markets in the coming decade.”

Tal predicts immigration, which is responsible for most of the population growth, will be a major force impacting housing demand.

“What’s more, there is significant jump in the home ownership rate among immigrants as they pass the three-year mark,” said Tal. “In fact, after 10 years in Canada, the propensity among immigrants to own a house is higher than among native Canadians.”

While there will be a decline in the number of Canadians under the age of 25 and those between 45 and 54, those age groups account for a relatively small portion of home buyers, Tal writes in his latest Consumer Watch report.

By contrast, the number of Canadians between the ages of 25 and 35 – the age group that makes up the vast majority of first-time home buyers – will continue to rise, the report said.

“From a housing market perspective, what counts is not only the change in population of a given age group, but more importantly, the level of housing market activity among these groups,” said Tal. “In other words, the group that is most likely to buy a house will grow faster in the coming decade.” Source: Brokernews.ca

 
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Posted by on August 23, 2012 in Brampton, Builder's Home, canada wonderland, Cinema, City of Toronto, Cloud, Cloud 9 Condos, CN Tower, Commercial, Commercial Real Estate, Condo Prices Grow at Moderate Pace in Q2, Condominiums, Detach, Detached, Detached Homes, Diamond @ Don Mills, Don Mills, Dream Home, Dream Tower, Dream Tower Condominiums, Dream Tower Condos, E Condo, Florida, Florida Real Estate, Home, Home for in Pickering, Home For Sale in Richmond Hill, House, House for sale, hwy#7 outlet stores, Index, Kingshill, Kitchener, Kleinburg, Land Transfer tax, Lawrence Park, Leslie, Local at Fort York, Lofts, lot for sale, Love Condo, Love Condominiums, Low Rise Homes, Luxury Homes, Luxury Townhomes, New Announcement, New Canadian Mortgage Rule, New Canadian Mortgage Rules, New Condominiums, New Condos, New Construction, New Development, New Homes, Nexus South, No sharp dive in housing market, Oakville, office, One Bloor, Palace, Pan Am, Pan Am Games, Pan Am Games 2015, Perspective, Pickering Condos, pickering Homes, pickering Real Estate, Pickering Town Center, Pickering Town Centre, Pikcering Homes, Port Union, Port Union waterfront Festival, Pre Construction, Residential, Restuarant, Retail, Richmond Hill, Richmond Hill Real Estate, RIMS, Semi, Shopping Mall and Plazas, Shopping Plazas, Single Family Home, Strip Plazas, Sunset, Sunset Condos, Ten, Ten York, The Beverly Hills Condos, Toronto Housing, Toronto Land Transfer Tax, Toronto New Condos, Tower, Town Homes, Townhome, USA Cheap Real Estate, Vaughan, vaughan condos, vaughan mills mall, Woodbridge, woodbridge condos, Yonge St

 

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Bloom Park Towns

 

An inspired masterplanned all townhome community takes root.

Welcome to where a vibrant, masterplanned community is growing into a collection of wonderful townhomes, next to the verdant parklands ofG. Ross Lord Park off Bathurst, north of Finch. Situated in the centre of an established neighbourhood in North York, Bloom Park Towns is the perfect setting for life’s milestones to be celebrated, and new memories to be created. The future is bright, and abloom with possibility. Come see.

Bloom Park Towns community features a private outdoor swimming pool and landscaped patio with covered loggia for lounging, reading a book, enjoying the warm weather and watching your children play in the water. The best part is, it’s all just steps from your home.

Located at Antibes Dr. just North of Finch and West of Bathurst, Bloom is a mix of only 64 Condo Townhomes, priced from $289,990 for a 2 bedroom townhomes to just $349,990 for a 2 bedroom + den, 3 level townhomes.

Bloom Finishing Touches
Woodland Towns

EXTERIOR FINISHES

  • Architecturally controlled and selected exterior elevations and colour packages.
  • Unique and innovative elevations utilizing genuine clay brick with coordinating coloured mortar, stone and precast surrounds, stucco and various exterior accent features.
  • Self-sealing roof shingles with a 20-year warranty from Vendor’s pre-determined colour schemes.
  • Low maintenance aluminum soffit, fascia, eavestrough, and downspouts, as per elevation.
  • Vinyl sliding patio doors with screen, as per plan.
  • Energy Star rated low maintenance vinyl casement or thermo-fixed glass windows throughout, as per plan. Muntin bars as per elevation and per applicable plan. Colours as per Vendor’s pre-determined colour schemes.
  • Transom windows, as per plan.
  • Screens on all operational windows.
  • Front entries to have walkways and steps as required due to grade.
  • Exterior front door with brushed nickel package including grip set and dead bolt.
  • Distinctively modern exterior lighting at front entry door, as per plan.

COMMUNITY AND LANDSCAPE FEATURES

  • One level, secured underground parking garage with visitor parking.
  • Private underground storage/bicycle parking.
  • Ground level visitor bicycle parking.
  • Professionally graded and landscaped grounds.
  • Secured privately controlled access to pool and outdoor amenity area with access for residents.

INTERIOR TRIM & FEATURES

  • 9ft ceilings throughout (not including dropped ceiling areas and sunken floors).
  • Carpeted stairs with elegant solid oak handrails and 1 ¾” spindles on oak nosing, in a natural finish, as per applicable plan. Interior entry stairs, to receive a durable tread finish as per plan.
  • Purchaser’s choice of painted 800 series colonial or classique style interior doors, as per plan.
  • Upgraded painted 2” casing for all windows/doors and 3” baseboards. (Sizing is approximate)
  • All interior door hardware to be levers in a brushed nickel with painted hinges.
  • All archways on main floor to be trimmed, as per plan.
  • Wire shelving in all closets.

KITCHEN

  • Granite countertops with breakfast counter as per plan from Vendor’s standard samples.
  • Ceramic tiled backsplash from Vendor’s standard samples.
  • Stainless steel ledge-back kitchen sink with single lever faucet, as per plan.
  • Stainless steel appliance package includes:
  • Self-clean oven
  • Frost free refrigerator
  • Built-in dishwasher
  • Over the range built-in microwave with integrated exhaust fan
  • Heavy-duty receptacle for stove.
  • Electrical outlets for refrigerator and at counter level for small appliances.
  • Quality cabinetry selected from Vendor’s standard samples with space for dishwasher, and one bank of drawers.
  • Rough-in plumbing and electrical for dishwasher.

BATHROOMS

  • White bathroom fixtures in ensuite, main bath and powder rooms as per plan.
  • Pedestal sink in powder room as per plan.
  • Vanity cabinets include choice of styles and colours from Vendor’s standard samples.
  • Marble countertops in bathrooms with white basin as per plan, purchaser to have a choice of 2 colours, from Vendor’s standard samples.
  • Mirrors in all bathrooms.
  • White ceramic accessories in all bathrooms.
  • Choice of decorator ceramic tiles for walls and ceilings in tub enclosures from Vendor’s standard samples.
  • Full height water resistant backer board in tub enclosures.
  • Single lever faucet in all vanities and tubs, as per plan.
  • Pressure balanced shower controls.
  • Exhaust fans in all bathrooms.
  • Privacy locks on all bathroom doors.

LAUNDRY

  • Laundry area with connections for water and drain.
  • Heavy-duty receptacle with vent to the exterior for the dryer.
  • Stacked white washer and dryer.

ELECTRICAL

  • 100 AMP electrical service with breaker panel and copper wiring throughout.
  • White Decora switches and receptacles throughout.
  • All rooms to have a switch controlled ceiling light fixture except for the living room, which will receive a switch controlled wall outlet.
  • Smoke detectors provided as per Ontario Building Code.
  • Carbon monoxide detector provided as per Ontario Building Code.
  • All bathroom electrical duplex receptacles protected by ground fault interrupter.
  • Arc-Fault receptacles in bedrooms as per Ontario Building Code.
  • Electric door chime at main door entry.
  • Cable T.V. rough-in in any 2 locations as chosen by the Purchaser.
  • Telephone rough-in in any 3 locations as chosen by the Purchaser.
  • Rough-in security system for the S1-Linden & S2-Chestnut includes contacts on all windows and all exterior doors. The S3-Alder & S4-Balsam to receive contacts on all exterior doors only.

ENERGY SAVING FEATURES

  • High efficiency gas forced air high velocity heating system and central air conditioning system.
  • Forced air Hi-Velocity heating system with High Efficient boiler and hot water tank. (Rented as per Schedule “W”).
  • Metal insulated entry door and decorative glass insert and high quality weather stripping as per plan.
  • Upgraded foam insulation above porch ceilings with living areas above.
  • Attic space and exterior wall insulation to meet or exceed 2012 Building Code.

PAINTING

  • Exteriors are architecturally controlled to provide a visually pleasing streetscape with colours pre-selected by Vendor.
  • Purchaser to have choice of 1 paint colour throughout from Vendor’s samples in an environmentally friendly low VOC washable flat finish.
  • All trim and doors to be painted white with semi gloss finish.
  • Smooth ceilings throughout.

FLOOR COVERINGS

  • Laminate flooring for Living and Dining rooms, including hallways and Den as per plan on main floor only, in a natural finish.
  • Choice of quality 36oz. broadloom with 12 mm chip foam under-pad in all non-tiled and non-laminate floor areas, from Vendor’s standard samples.
  • 12” x 12” or 13” x 13” ceramic flooring from Vendor’s standard samples, as per plan.

QUALITY CONSTRUCTION

  • Acoustically engineered demising walls between all units to top of second floor, where applicable.
  • 5/8″ tongue and groove subfloor sheathing screwed and glued to engineered floor joists and 3/8″ roof sheathing.
  • Windows and exterior doors fully sealed with high quality caulking.
  • Quality 2” x 6” exterior wood frame construction.
  • Covered poured concrete porches as per plan.
  • Decorative columns and railings installed subject to grading requirements and as per plan.

VIP PROMOTION FOR BLOOM

  • SPECIAL “CASH BACK”

$5,000 on any single level unit $10,000 on any 2 level unit

  • Window Coverings included
  • Stainless Steel Kitchen Appliances
  • Cap on all Closing costs $2,500 (meters, hook ups, etc.)
  • Cap on Levies & Development charges $2,500
  • Assignment

1 free assignment allowed up to 90 days before occupancy.

  • Free Name Change

1 free name change allowed within the 10 day rescission period.

  • Deposit Structure
5% of purchase price with offer
Further 5% payable in 90 days
Further 5% payable in 210 days
Further 5% payable on Occupancy

The above promotional package is valid for sales done on the 2n and 3r of June, 2012 only.

Bloom Park Towns Price List

End unit premium: $10.000

SPECIAL FEATURES INCLUDE:

  • 9 ft. smooth ceilings throughout
  • Four Stainless Steel Kitchen Appliances
  • Granite Countertop in Kitchen
  • Marble Bathroom Counter
  • Laminate flooring for Living and Dining rooms
  • Vertical Blinds
  • Central Air Conditioning

All prices, figures and materials are preliminary and are subject to change without notice E. & O. E.  May 22, 2012 Including hallways and den as per plan on main floor only, please see a Sales Representative for details.
Admin Last Updating May 24, 2012
 

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Port Union Waterfront Festival

Port Union Village Common

Celebrating the 5th Annaual Port Union. SATURDAY – JUNE 23, 2012. 11:00 AM – 3:00 PM. This year’s festival is bigger than before and has something for every one.

Events & Activities (partial list)

Source of information: www.waterfrontpark.ca  

Amphitheatre      
Time Performer(s)
11:00 – 11:30 Recorded Music
11:30 – 12:00 To Tell The Tale – Modern Rock
12:10 – 12:40 Between Transit – Modern Rock
12:55 –   1:35 Tonight’s The Night – Modern Rock
  1:45 –   2:15 Tyler Forkes – Singer/Songwriter – Acoustic
  2:30 –   3:00 The Skyes – Modern Rock
Waterfront

Time

Performer(s)
11:00 – 11:30 No Performers
11:30 – 11:45 Hula Aloha! Dancers
12:00 – 12:30 Dukes of Harmony
12:45 –   1:00 Hula Aloha! Dancers
  1:30 –   2:00 Highland Dancers
  2:15 –   2:30 Hula Aloha! Dancers
  2:30 –   3:00 No Performers
 
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Posted by on June 21, 2012 in Port Union, Port Union Rd, Port Union waterfront Festival, watefront festival, Waterfront

 

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