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This Uxbridge home is perfect for anyone with a love for the outdoors: Home of the Week

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UXBRIDGE

Location: 6100 Conc. 3 Rd.,

Hwy. 47 and Conc. 3 Rd.

Asking price: $2,960,000

Size: about 3,700 sq. ft., plus about 1,000 sq. ft. basement

Lot: about 25 acres, two-car built-in garage, private drive

Taxes: $5,479 (2018)

Bedrooms: 4

Bathrooms: 4

This upgraded, 2-1/2-storey family home sits on a hill overlooking 25 scenic acres and uses a bridge to access the main entrance.

Highlights of the house include a living room with vaulted ceiling, a second floor wraparound deck and a three-season Muskoka room.

“This home is set up to enjoy the seasons. We love sitting in the Muskoka room when it is raining or taking a walk in our own private, park-like yard,” says homeowner Cheryl Brown. “In the winter, we go snowshoeing and cross-country skiing right out the back door. Every season brings new interactions with wildlife, including seeing deer and owls.

“Uxbridge is an artistic community, offering the full, farm-to-table experience, while still easily being able to go see a play or have dinner,” Brown adds.

The home is steps to a park and close to a golf club. Downtown Uxbridge is less than 10 minutes away where there are schools, shopping, businesses, a library and restaurants. Also nearby are a recreation centre with an arena, a hospital and two ski resorts. Toronto is about an hour’s drive away.

Features of the master bedroom include a hardwood floor, walk-in closet, five-piece ensuite and walkout to a deck.
Features of the master bedroom include a hardwood floor, walk-in closet, five-piece ensuite and walkout to a deck.  (YorkDurham360)

“The home features upgrades … such as a master bedroom five-piece ensuite and high-end stainless steel appliances in a contemporary kitchen,” says listing agent Gerald Lawrence. “The 25-acre parcel includes private trails amongst the mix of tree types that allows for the benefit of a large reduction in taxes as per the Managed Forest Tax Incentive Program.”

The front of the home features a stone and Cape Code-style wood façade. It is approached by wide stone steps that lead to a wooden bridge and the front double-glass door entrance.

The front glass doors open to the second-floor foyer with a hardwood floor, two sets of double closets and a stairway leading up to the loft level and down to the main floor.

The spacious living room has a partially vaulted ceiling, a wood fireplace with a floor-to-ceiling stone surround and sliding glass door walkout to a back deck.

The formal dining room has a hardwood floor and big windows.
The formal dining room has a hardwood floor and big windows.  (YorkDurham360)

The formal dining room is outfitted with a hardwood floor, a chandelier-style light, pot lights and windows.

Highlights of the large kitchen — with an adjoining breakfast room — include a porcelain tile floor, quartz counters, built-in stainless steel appliances, floor-to-ceiling cabinetry, a pantry and a large island with cabinets and drawers.

On the other side of the foyer, the master bedroom is equipped with a hardwood floor, a walk-in closet, a sliding-glass door walkout to a deck and a five-piece ensuite.

A second bedroom has a hardwood floor, pot lights, a double closet and a picture window. Completing this floor is another three-piece bathroom.

With a separate entrance and foyer, the fully above-grade main level includes the family room with a wood-burning fireplace with stone, floor-to-ceiling surround, a hardwood floor, pot lights and walkout to the Muskoka room.

Up in the third-floor loft, the den features a vaulted ceiling and hardwood floor.
Up in the third-floor loft, the den features a vaulted ceiling and hardwood floor.  (YorkDurham360)

The Muskoka room has pine-board panelling, three walls of windows, a laminate floor, two ceiling fans and a walkout to a covered patio and backyard.

On this level are two more bedrooms with hardwood floors. As well, there’s a four-piece bathroom, a powder room, a pantry and a laundry room with direct access to the garage.

The third-floor den contains a vaulted ceiling, pot lights, a hardwood floor and two windows.

The basement has a workshop and a large sliding glass door walkout to a covered concrete patio.

To have a look at this property contact listing agent Gerald Lawrence, Coldwell Banker RMR Real Estate, Brokerage, 416-556-0238; GeraldLawrence.com.

Home of the Week is written by freelance contributor Allison Harness, a Toronto-based real estate writer. Although we try to provide the most up-to-date information available, we cannot guarantee features as listed. Please contact the realtor. To make a submission to Home of the Week, email soldhome@rogers.com.

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‘Don’t give up’: Ottawa Valley realtors share statistics, tips for homebuyers in ‘extreme’ sellers market

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The real estate market in the Ottawa Valley can be summed up this way: people from far and wide are in a buying frenzy, but there’s hardly anything to buy at the “store,” and the limited inventory is overpriced.

This “stampede” — as one realtor described it — will affect rural towns as residents grapple with finding affordable housing and agonize over their inability to purchase homes in their price range.

“We are seeing a lack of inventory in all price ranges,” said Laura Keller, a real estate agent from Carleton Place. HomeYou’ve been selected.Only $1.49/week for your first 4 months.Special offer just for you. Unlimited access.

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10 Tips For First-Time Home Buyers

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Buying a home for the first time is exciting and a commitment to the future. It’s often challenging, too, and the process requires a lot of steps, many of which can be tricky to navigate as a first-time home buyer.

What are some things you should keep in mind as a first-time home buyer?

First-Time Home Buyer Tips

Here are 10 tips to keep in mind as you begin your journey toward homeownership.

1. Have Your Finances in Order

It’s wise to begin saving as early as possible once you’ve made the decision to purchase a house. You’ll need to consider the down payment, closing costs (which often range from 2% to 5% of the down payment), as well as move-in expenses.

You also need to understand the other costs of homeownership, such as mortgage insurance. property taxes, utilities, homeowner’s insurance, and more.

2. How Much Can You Afford?

Knowing how much you can realistically afford in a home is another important financial consideration. Look for the home of your dreams that fits your budget.

One way to avoid future financial stress is to set a price range for your home that fits your budget, and then staying within that range. Going through the preapproval process will help you understand what price range is realistic for your budget.

3. Make Sure Your Credit is Good

Another thing to keep in mind as a first-time home buyer is your credit score because it determines whether you qualify for a mortgage and affects the interest rate that lenders offer. 

You can check your credit score from the three credit bureaus – Experian, Equifax, and TransUnion.

This is another good reason for getting preapproved before you start your search. Learn more about the preapproval process and your credit score.

4. Choose The Right Real Estate Agent

A good real estate agent guides you through the process every step of the way. He or she will help you find a home that fits your needs, help you through the financial processes, and help ease any first-time buyer anxiety you may have.

Interview several agents and request references.

5. Research Mortgage Options

A variety of mortgages are available, including conventional mortgages – which are guaranteed by the government – FHA loans, USDA loans, and VA loans (for veterans).

You’ll also have options regarding the mortgage term. A 30-year fixed-rate mortgage is popular among many homebuyers and has an interest rate that doesn’t change over the course of the loan. A 15-year loan usually has a lower interest rate but monthly payments are larger.

6. Talk to Multiple Lenders

It’s worth your time to talk to several lenders and banks before you accept a mortgage offer. The more you shop around, the better deal you’re liable to get – and it may save you thousands of dollars.

7. Get Preapproved First

Getting a mortgage preapproval (in the form of a letter) before you begin hunting for homes is something else to put on your checklist. A lender’s preapproval letter states exactly how much loan money you can get.

Learn more about the preapproval process and how preapproval provides you with a significant competitive advantage in our article How Preapproval Gives You Home Buying Power.

8. Pick the Right House and Neighborhood

Make sure to weigh the pros and cons of the different types of homes based on your budget, lifestyle, etc. Would a condominium or townhome fit your needs better than a house? What type of neighborhood appeals to you?

9. List Your Needs and Must-Haves

The home you purchase should have as many of the features you prefer as possible. List your needs in order of priority; some things may be non-negotiable to you personally.

10. Hire an Inspector

Hiring an inspector is another crucial step in the home buying process. An inspector will tell you about existing or potential problems with the home, and also what’s in good order. You can learn more about home inspections and how to find a home inspector through the American Society of Home Inspectors website.

Buying a home for the first time is a challenge, but it’s one you can handle with the right planning and preparation.

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A Simplified Guide for Toronto First-Time Home Buyers

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Toronto is the largest city in Canada, the fourth largest city in North America, which makes it an exciting place to live in.

But as with other major cities, finding the perfect place to move to can get tricky. If you’re planning on buying a home for the first time in this city, it is indeed a big decision and there are things you should know in advance.

Don’t worry, this guide will help explain the basics of what you as a buyer should know when you decide to buy a home. It will make you feel like a true expert during the buying process.

Decide what type of home you are looking for

There is no right answer to what makes a good home. It all depends on your preferences and needs as the resident. It is, therefore, a good idea to determine as early as possible which features of a home are important to you. If you are buying a home and moving in with someone, it can be a good idea for both of you to make a list and compare.

Toronto is a city that offers different styles of living accommodations and its neighborhoods are quite versatile and diverse, same as the people living there who come from all parts of the world.

The most common forms of housing and real estate opportunities in this city include bungalows, two-storey houses, split-level homes, and the very popular Toronto condos. Due to the high property values, the city boasts of construction of many condominiums as they are a more cost-efficient choice and provide a plethora of benefits.

When you decide on the type of home you want to buy, it is good to do some research and learn the biggest differences between them.

What to think of when choosing homes in Toronto

There are certain things you need to consider when choosing your home in this city. 

Being close to the things you need to visit every day makes life a lot easier. Pay attention to the proximity to shops, preschools, schools, and your job. In addition, access to good public transportation is crucial. Being able to move around the city easily and the opportunity to commute is important to many.

Know that having a balcony can significantly increase the value of your home and improve your well-being. Being able to move easily in the area is something that many people underestimate, but can be very convenient, and this is why you should see if there are good cycles and walking paths. 

And finally, make sure that the house is well designed which is a quality that does not disappear with the age of the house or with renovations. 

Set your budget

Before you start the search for your new home, you must know how expensive of a home you can buy. It is preferable to know in what price range to look for. The budget is usually decided based on your mortgage and how large are the monthly costs you can handle.

A mortgage is always about a balance between risk and income for the bank. The higher the risk for the bank to lend to a particular home, the more expensive the mortgage will be. When it comes to the bank’s reasoning when applying for a loan, it is in principle always a question of whether you as a borrower will be able to repay the mortgage.

The bank also takes into account your financial history. If you are a person who has managed your finances well, the chance increases that you will get your mortgage approved. If, on the other hand, you have a bad reputation with banks, it is weighed in as an aggravating circumstance.

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