I have listed a new property at 50 Cynthia RD in Toronto.

Attention first time home buyers, renovators and investors!

The opportunities are endless with this rarely offered, wonderful three bedroom, two bathroom bungalow in Rockcliffe-Smythe. Situated on a quiet, family friendly cul de sac backing onto Scarlett Woods Golf Course, this home has bright and spacious principal rooms, separate side door entrance, private driveway and detached garage. Excellent location on an amazing 44 X 115 foot lot. Rockcliffe–Smythe is one of Toronto's up-and-coming neighbourhoods. This highly desired area has easy access to large amounts of green space including the Humber River with fabulous trails for biking and walking. Steps to TTC, close to downtown, shopping and schools.

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When purchasing a home for yourself, you begin the process by looking for specific things that make it the right place for you to build your life at that time.  When you are looking for an investment property it is different because an investor is typically looking for something for someone else to live in, and should consider what attributes are most attractive to potential tenants.  If the thought of purchasing an investment property has crossed your mind, then please read on as we share our perspectives with you!


Investing in Real Estate

Are you considering investing in residential real estate in Toronto as a means to fund retirement? Have you thought that perhaps it’s a good idea to buy a property now for your kids to eventually live in? Regardless of your motivation, let’s start at the beginning and take a closer look at purchasing an investment property.


Is it for me?

Investing in residential property can be a great way to invest your money in something tangible that will continue to appreciate in value over time. We want to stress that over time means that you will need to be prepared to hold this investment for a longer time horizon to ensure that you will weather market cycles. Read: 10 years or more. If you need liquidity or access to your money within a shorter time frame, we encourage you to speak with a Financial Advisor and not a Realtor.

 

Have you thought about what you will do with the property? If you’re planning to lease, you should absolutely familiarize yourself with the Residential Tenancies Act, and your responsibilities as a landlord. You should also understand tenant rights thoroughly, as much of the legislation protects the interests of the individual. Be prepared that you will have some great tenants that will take excellent care of your property, but not everyone will maintain their home the way that you expect.

 

Lastly, you will need a minimum of 20% of the purchase price as your down payment. Borrowing for an investment property is not as easy as borrowing for your primary residence as this is considered by lenders as higher risk. Further, you may also be required to pay a higher rate of interest on funds borrowed. We encourage you to speak with your lender or a Mortgage Broker to determine if this is even an option for you, and to understand the nuances of financing an investment property.

Great, so you’ve decided you want to proceed. What’s next?


Where do I buy?

With any property purchase, location is the factor that likely provokes the most consideration, especially when considering long term growth and renter appeal. Some questions to ask yourself:

  • Is it close to transit or major highways? Will the location attract commuters looking for easy access to downtown? Or easy access to leave town?
  • Are there future developments that will affect the neighbourhood? Is the area gentrifying? Are there plans to build new housing nearby?
  • What amenities are nearby? Libraries, recreation centres, parks, shopping, restaurants, nightlife?
  • Who lives here? Is it close to a university or college, where many rentals are occupied by students? Or is it downtown or close to corporate offices where most rentals are occupied by professionals?

There are benefits and drawbacks to many of these decisions. For instance, if a rental property is located close to a post-secondary institution, many of the units may appeal to student renters. Some landlords prefer this as more rental income can be generated with students who have a greater willingness to share bedrooms and common areas. On the flip side, more individuals in a small space will mean more wear-and-tear on the property and potentially a higher risk as students typically have less income to rely upon for rental payments.


What do I buy?

Much of this decision will depend on two things: (i) what’s your budget and (ii) do you want to be responsible for any maintenance.

 

If you’re looking for a hands-off investment that will essentially take care of itself, we would recommend either a condominium or condo townhouse. These are both lower-maintenance options as condo fees will cover much of the exterior maintenance requirements.

 

If you’re ok with being a bit more hands-on, including maintaining a building and fixing any issues that come up with tenants then perhaps a freehold property, either single family or multi-residential (more than one rental unit in a building), is better suited to your needs.

 

Toronto is becoming quite expensive as prices continue to increase, however the inner suburbs offer greater affordability and many great features for those considering either condominium or freehold rental properties.


Will I make money?

The most obvious way to make money in real estate is to buy low, then sit back and watch your property increase in value. This is referred to as capital appreciation. When the property is sold, the differential between these two values (sell price less buy price) is considered a capital gain.Another way to make money in real estate is to lease the property and collect rent. The net amount collected from rent payments less expenses paid out is considered a cash flow. In Toronto, given our high property prices, it’s difficult to find a cash flow positive property, as factors external to real estate markets, such as mortgage rate and down payment amount, also impact cash flow. If you’re interested in exploring this further, we can walk you through examples of how to attain positive cash flow and how the capitalization rate (or the rate of return on an investment property) helps buyers to assess how much income the property is expected to generate and how one property compares to another.

 

Lastly, if you’re applying the rental income to the mortgage on the property, you are also building equity as you pay down your mortgage.

 

We do want to caution you that you should speak with an Accountant or tax professional to completely understand how the three factors above can affect your income and individual tax situation. Capital gains are currently taxed at 50% upon disposition of property that is not subject to the primary residence exception. Cash flows are also considered income and are taxable.

 

We believe making an investment in real estate can be a great choice, but only if it is done wisely. If you’re thinking of purchasing an investment property, let us help you.  Please contact us directly, we would be happy to discuss all of your options.

 

Until next time,

Marcia and Heather

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I have listed a new property at 10 Burwood RD in Toronto.

Rare opportunity to own a custom-built exquisite executive home in a coveted Toronto neighbourhood.

Gorgeous 4+1 Beds, 5 baths, Chef's kitchen, professionally finished basement. An entertainer's dream home with immaculate detailing throughout.

Step inside and you will immediately appreciate the designer accents infused throughout the home. Modern decor, high quality craftsmanship and absolute tasteful designer finishes. Many extra features including:

- Chef's kitchen with 8' Granite Island, abundant storage and counter space.

- Gas Fireplace.

- Walk out to rear lawn and patios.

- Extra wide upper/lower Oak staircases, upscale hardwood floors, 9 Ft ceilings & crown moulding (Main Flr).

-Side entrance to basement with large recreation room, 5th bed/bath, laundry & storage.

This spectacular residence features a single car garage and a private driveway. A professionally landscaped lot, nice stone and stucco exterior finish, plus it is nestled on a premium sized lot with excellent curb appeal. Luxury, elegance in a quiet & family oriented community with excellent schools, parks, nearby golf courses, & shopping. Easy access to transit & major highways.

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I have listed a new property at A 134 Avenue RD in Toronto.
Bright And Spacious 1 Bedroom Apartment In The Highly Desired Avenue And Davenport Area! Second Floor Unit Above Prestigious L'unita Restaurant. Steps To Yorkville, Bloor Street, Trendy Shops, Cafes And Multiple Ttc Options. Unit Features: Hardwood Floors That Have Just Been Resurfaced, Freshly Painted Walls Throughout In Neutral Grey And White Tones, An Impressive Living Area, Large Bedroom And An Outdoor Space For You To Bbq Or Sun Bathe. Street Prkng Avail
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I have listed a new property at 1910 381 Front ST W in Toronto.
Spacious, Light-Filled 2 Bdrm+Den 1010 Sf.Corner Suite W/Lake Views In The Apex At Cityplace! Flr To Ceiling Wndws,Upgraded Hrdwd Flring T/O, W/O To Balcony,Generous Master Bdrm W/Ensuite,Spacious 2nd Bdrm & Den.Incredible Location With The City At Your Doorstep! Steps To Proposed Rail Deck Park,The Lake,Rogers Centre,Cn Tower,Bill Bishop Airport,The Financial & Entertainment Districts & Easy Access To Gardiner/Dvp. Maint. Fees Incl: Hydro,Water & Heat!
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I have listed a new property at 2 Cheshire PL in Richmond Hill.
Located In Sought After Hunter's Point, In Prestigious South Richvale. Beautiful & Spacious 5+1 Bdrm, 6 Bathrm Home Features Entertainer's Custom Kitchen. S/S Appl, Gas Cook Top With Pot-Filler, Quartz Counters & Coveted Centre Island. Hardwood Floors Thruout Main Floor. Incredible Sunken Master Retreat Boasts His & Her Baths & Tremendous Closet Space. Laundry Conveniently Located On 2nd Floor. Close To All Amenities, Walking Distance To Schools & Library.
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I have listed a new property at 205 441 Jane ST in Toronto.
Stunning 2 Bdrm, 2 Bath Upper Unit Stacked Townhome! Located In Sought After Baby Point/Bloor West Community. Bright And Spacious Open Concept Living Space W/ Luxury Finishings & Floor To Ceiling Windows. Modern Chic Kitchen W/ Quartz Counters, Ss Appliances, Lrg Pantry & Centre Island With Breakfast Bar. 2 Spacious Bedrooms, Beautiful 4-Pc Bath And Custom Built Walk-In Closet. Walk-Up To Fabulous & Sunny 300Sqft Rooftop Terrace.
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I have listed a new property at 663 Windermere AVE in Toronto.
Prime Bloor West Village detached home with plenty of character and charm. Ready for you to move in! Newly renovated open-plan concept kitchen with quartz counters, 3 spacious bedrooms, 2 bathrooms, new hardwood throughout main and 2nd floor. Large open basement recreation room with new laminate flooring. Relax on your deep front porch or in your lovely landscaped and paved yard. Excellent school catchments including Runnymede Jr & Sr. Public School and Humberside Collegiate Institute. Just a short walk to Bloor West Village & The Junction for shops, restaurants, and the TTC subway. High Park, the Lake front and The Humber River all within minutes.

This home is in a close-knit and friendly neighbourhood in one of the most coveted (and constantly appreciating) neighbourhoods for young families and professionals – don’t miss out!
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I have listed a new property at 10 Burwood RD in Toronto.

**NEW PRICE**

Rare opportunity to own a custom-built exquisite executive home in a coveted Toronto neighbourhood.

Gorgeous 4+1 Beds, 5 baths, Chef's kitchen, professionally finished basement. An entertainer's dream home with immaculate detailing throughout.

Step inside and you will immediately appreciate the designer accents infused throughout the home. Modern decor, high quality craftsmanship and absolute tasteful designer finishes. Many extra features including:

- Chef's kitchen with 8' Granite Island, abundant storage and counter space.

- Gas Fireplace.

- Walk out to rear lawn and patios.

- Extra wide upper/lower Oak staircases, upscale hardwood floors, 9 Ft ceilings & crown moulding (Main Flr).

-Side entrance to basement with large recreation room, 5th bed/bath, laundry & storage.

This spectacular residence features a single car garage and a private driveway. A professionally landscaped lot, nice stone and stucco exterior finish, plus it is nestled on a premium sized lot with excellent curb appeal. Luxury, elegance in a quiet & family oriented community with excellent schools, parks, nearby golf courses, & shopping. Easy access to transit & major highways.

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I have listed a new property at 126 Ardagh ST in Toronto.

Prime Bloor West location!

Just move in and enjoy this beautiful family home with its many improvements in a highly sought after neighbourhood.

Bright and welcoming open concept floorplan in this fabulous 4 bed, 3 bath home with coveted private drive. Main floor with renovated Chef's kitchen, granite counters, breakfast bar and powder room. Walk outside to a large deck, with gas line for bbq and lovely landscaped yard.

Ideal home for young professionals and families! 4 large bedrooms on the 2nd floor with 4 piece bathroom. Lowered basement with separate entrance, recreation room, office and 3 piece bathroom. Garage. Beautiful wooden porch. Close to Bloor St, subway, restaurants, pub, shops and all that Bloor West Village has to offer. Runnymede Jr/Sr Public School and Humberside Collegiate School catchments.

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I have listed a new property at 10 Burwood RD in Toronto.

Rare opportunity to own a custom-built exquisite executive home in a coveted Toronto neighbourhood.

Gorgeous 4+1 Beds, 5 baths, Chef's kitchen, professionally finished basement. An entertainer's dream home with immaculate detailing throughout.

Step inside and you will immediately appreciate the designer accents infused throughout the home. Modern decor, high quality craftsmanship and absolute tasteful designer finishes. Many extra features including:

- Chef's kitchen with 8' Granite Island, abundant storage and counter space.

- Gas Fireplace.

- Walk out to rear lawn and patios.

- Extra wide upper/lower Oak staircases, upscale hardwood floors, 9 Ft ceilings & crown moulding (Main Flr).

-Side entrance to basement with large recreation room, 5th bed/bath, laundry & storage.

This spectacular residence features a single car garage and a private driveway. A professionally landscaped lot, nice stone and stucco exterior finish, plus it is nestled on a premium sized lot with excellent curb appeal. Luxury, elegance in a quiet & family oriented community with excellent schools, parks, nearby golf courses, & shopping. Easy access to transit & major highways.

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I have listed a new property at 2706 15 Windermere AVE in Toronto.

Welcome to Windermere by The Lake! Location, luxurious design, amenities, convenience - it is all here!

Experience an elevated lifestyle in this sub Penthouse Suite featuring amazing unobstructed scenic views, north over Grenadier Pond and High Park, east over the city skyline, and south over Lake Ontario. Beyond the location and stunning views, this lovely suite boasts high ceilings, rich dark hardwood floors, open-style eat-in kitchen with beautiful granite counter tops, backsplash, and stainless steel appliances. Amenity rich building including:

  • Fitness Room, Virtual Golf, Indoor Swimming Pool, Saunas. Change Rooms
  • Party Room, Meeting Room, Billiards Room, Park Lounge, Two Guest Suites
  • 24-hr Concierge, Security, Visitor Parking

"When you live at Windermere By The Lake, you're more than by the lake. You're close to some of the best that Toronto has to offer. Across the street is High Park, miles of wooded trails for strolling or biking. One minute from your front door there's Lake Ontario's best beaches and the Martin Goodman Trail. To the north and west you are overlooking an established neighbourhood of single family homes that have remained unchanged for years.

The condominium tower is a soaring, contemporary structure of glass and steel, firmly grounded by a collection of traditionally-styled brick and stone townhouses that create a charming streetscape reflective of the neighbourhood and surroundings."

Walk to everything and enjoy the many joys and convenieces of condo living! Close to lakefront, cycling, running trails, parks, Grenadier Pond and shopping. Just steps to the TTC, Highways and West End restaurants/Club District.

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I have listed a new property at 1703 1121 Bay ST in Toronto.

Welcome to 1121 Bay St. The renowned Elev'n 21 property is located in the heart of South Yorkville. This gorgeous 2 bed, 2 bath suite is located where it is all happening! Just steps to designer shops, galleries, boutiques and chic restaurants at Bay & Bloor. Stunning floor to ceiling windows, 9ft ceilings and hardwood floors. Enjoy stainless steel fridge, dishwasher, cook top oven, built-in dishwasher, washer/dryer and all the conveniences. Parking and locker included.

Elev'n 21's modern Italian-style glass architecture has a sweeping 2-storey colonnade and oval-shaped, wood-paneled lobby. "Club 21" amenities include a party room and boardroom opening out on a rooftop terrace. It has a fully-equipped kitchen, exercise room with his & her saunas & change rooms, home theatre room, & rooftop lounge and terrace.

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I have listed a new property at 671 Windermere AVE in Toronto.

Absolutely stunning renovated 3+1 bedroom detached in the heart of Bloor West Village. Bright & Spacious open concept main floor with formal living room, huge family room addition at the rear & a rare main floor powder room. Custom kitchen with large centre island, granite counters and breakfast bar. Spacious king-sized master with wall-2-wall built-in closets. Fabulous finished basement with rec room, and underpinned 4th bedroom & newly renovated 3-piece bath. Perfect for a teen or live-in caregiver. Abundant storage & space. Just steps to Bloor St, subway, restaurants, shops and all that Bloor West Village has to offer.

Bloor West Village is a fabulous area in West Toronto. Easy access to natural parks and the lakeshore, the area provide its friendly residents with everything needed for an easy, vibrant and healthy lifestyle. A great walking community, you are just steps to sought after public schools, TTC/transit for quick access to downtown, boutique shopping on Bloor, fresh green grocers and a multitude of dining options in Bloor West Village!

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Please visit our Open House at 671 Windermere AVE in Toronto.
OPEN HOUSE: Thurs 16th 5.30-7pm, Sat 18th & Sun 19th 2-4pm

Absolutely stunning renovated 3+1 bedroom detached in the heart of Bloor West Village. Bright & Spacious open concept main floor with formal living room, huge family room addition at the rear & a rare main floor powder room. Custom kitchen with large centre island, granite counters and breakfast bar. Spacious king-sized master with wall-2-wall built-in closets. Fabulous finished basement with rec room, and underpinned 4th bedroom & newly renovated 3-piece bath. Perfect for a teen or live-in caregiver. Abundant storage & space. Just steps to Bloor St, subway, restaurants, shops and all that Bloor West Village has to offer.

Bloor West Village is a fabulous area in West Toronto. Easy access to natural parks and the lakeshore, the area provide its friendly residents with everything needed for an easy, vibrant and healthy lifestyle. A great walking community, you are just steps to sought after public schools, TTC/transit for quick access to downtown, boutique shopping on Bloor, fresh green grocers and a multitude of dining options in Bloor West Village!

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I have listed a new property at 4 Valleyview GDNS in Toronto.

Stunning renovation in the heart of Baby Point. Bright and spacious, four bedroom, four bathroom home with open concept main floor plan with hardwood floors throughout and rare main floor powerd room. The modern kitchen boasts stainless steel appliances, custom Aya cabinetry, quartz counters and a huge centre island, the hub of the house and an entertainers dream! Sunken family room with 10 foot ceilings, gas fireplace and wall-to-wall windows. Recently decorated by Hatfield Designs!

The Master retreat has his & her closets and a gorgeous 4 piece en-suite bathroom. Double vanities in both upper bathrooms mean less stress in the morning for busy families. Finished basement with sunken room in the lower level. Use as another family room or as a 5th bedroom. A newly finished garage/sunroom completes this spectacular home! While the garage maintains storage in the rear and the upper level, it is a completely heated and insulated room wired with cable, excellent for gaming or watching TV. Great for teens, tweens or parents who need a little space at the end of the day.

Baby Point is a heritage rich neighbourhood with all the amenities the heart desires. Extensive trails along the humber river make city life often feel like country living. Where else can you watch the salmon run while having a view to the CN Tower? Sought after neighbourhood schools provide both English and French Immersion education streems. Join the Baby Point club for tennis and social memberships and really get to know your community and neighbours. It's just steps to TTC, subway, shops, pubs & fabulous restaurants. Location, location. location as they say!

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I have listed a new property at 67 Vine AVE in Toronto.

A unique opportunity to own a modern townhome in the heart of the Junction.

Welcome to this bright and spacious, ultra modern light filled home. Feature rich, with 9 foot ceiling height on the main floor, custom Scavalini Kitchen with Quartz counters, stainless steel appliances, center island with breakfast bar, and open stairs with glass & stainless steel railings.

The 3rd floor Master retreat boasts his and her closets, a 4-piece en-suite & walkout to huge deck where you can enjoy sunny south views while you have your morning coffee.

Spacious 2nd & 3rd bedrooms each with walk-in closets and huge picture windows. The lower level features a rec room, bathroom with underfloor heating, additional sleeping area & lots of storage space.

This freehold townhouse is situated on a 96 foot long lot, allowing for a rear patio space for entertaining and covered car port for 1 car and plenty of storage.

Situated in a highly sought after, family-friendly area. Just steps to the TTC, great schools, parks, trendy restaurants, pubs, shops and all that The Junction has to offer. Location Location Location as they say this house is move In ready and waiting for you!

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Please visit our Open House at 4 Valleyview GDNS in Toronto.
OPEN HOUSE: Thurs 2nd Nov 5.30-7pm, Sat 4th & Sun 5th 2-4PM

Stunning renovation in the heart of Baby Point. Bright and spacious, four bedroom, four bathroom home with open concept main floor plan with hardwood floors throughout and rare main floor powerd room. The modern kitchen boasts stainless steel appliances, custom Aya cabinetry, quartz counters and a huge centre island, the hub of the house and an entertainers dream! Sunken family room with 10 foot ceilings, gas fireplace and wall-to-wall windows. Recently decorated by Hatfield Designs!

The Master retreat has his & her closets and a gorgeous 4 piece en-suite bathroom. Double vanities in both upper bathrooms mean less stress in the morning for busy families. Finished basement with sunken room in the lower level. Use as another family room or as a 5th bedroom. A newly finished garage/sunroom completes this spectacular home! While the garage maintains storage in the rear and the upper level, it is a completely heated and insulated room wired with cable, excellent for gaming or watching TV. Great for teens, tweens or parents who need a little space at the end of the day.

Baby Point is a heritage rich neighbourhood with all the amenities the heart desires. Extensive trails along the humber river make city life often feel like country living. Where else can you watch the salmon run while having a view to the CN Tower? Sought after neighbourhood schools provide both English and French Immersion education streems. Join the Baby Point club for tennis and social memberships and really get to know your community and neighbours. It's just steps to TTC, subway, shops, pubs & fabulous restaurants. Location, location. location as they say!

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Please visit our Open House at 67 Vine AVE in Toronto.
OPEN HOUSE: Thurs 2nd Nov 5.30-7pm, Sat 4th & Sun 5th 2-4PM

A unique opportunity to own a modern townhome in the heart of the Junction.

Welcome to this bright and spacious, ultra modern light filled home. Feature rich, with 9 foot ceiling height on the main floor, custom Scavalini Kitchen with Quartz counters, stainless steel appliances, center island with breakfast bar, and open stairs with glass & stainless steel railings.

The 3rd floor Master retreat boasts his and her closets, a 4-piece en-suite & walkout to huge deck where you can enjoy sunny south views while you have your morning coffee.

Spacious 2nd & 3rd bedrooms each with walk-in closets and huge picture windows. The lower level features a rec room, bathroom with underfloor heating, additional sleeping area & lots of storage space.

This freehold townhouse is situated on a 96 foot long lot, allowing for a rear patio space for entertaining and covered car port for 1 car and plenty of storage.

Situated in a highly sought after, family-friendly area. Just steps to the TTC, great schools, parks, trendy restaurants, pubs, shops and all that The Junction has to offer. Location Location Location as they say this house is move In ready and waiting for you!

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Please visit our Open House at 111 Brookside AVE in Toronto.
OPEN HOUSE: Fri20th 5.30-7pm, Sat&Sun 2-4pm

111 Brookside Avenue is the ideal home for young professionals and families!

A lovely light filled 3 bedroom family home in prime Humbercrest School District in West Toronto’s Lambton Baby Point. An ideal home for young professionals and growing families who need a functional and spacious home in a very welcoming neighbourhood.

This home has great street appeal with its attractively landscaped front entrance. Then step inside to a bright and welcoming main floor including living room with cozy gas fireplace, adjoining large dining room, and a modernized kitchen with stainless steel appliances. The kitchen has terrific counter space, perfect for big and little bakers! Large picture windows and original honey colored hardwood floors throughout make this home bright and beautiful.

Fully finished separate entrance suite!

Downstairs is a complete sound proofed 1 bedroom basement apartment. Ideal for nanny, in-laws or rental income. Outside, enjoy a wooden deck with overhead gazebo/trellis with space for bbqing and entertaining with friends while you watch the little ones in the backyard. Detached garage and private parking.

Situated in very highly desired family-friendly neighborhood. Just move in and enjoy this house and prime neighborhood with access to great public schools, transit, services and shopping on Jane, Annette & Dundas St. West.

Public Open House Saturday, October 21st and Sunday, October 22nd, 2-4 pm.

Call or text Gillian Ritchie at 647-618-0619 today!

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2320 Bloor St. W. Toronto, ON M6S 1P2 | Email: team@redsquareteam.com | Office: 647.490.0500