Connect with us


New boutique condo The Winslow comes to Lawrence Park





Bonnie Goldmacher and her husband Murray are counting down to 2021, eager to move into their first condo in a new, nine-storey boutique building in mid-town Toronto.

But the Goldmachers aren’t newlyweds and this isn’t their first rung on Toronto’s competitive real estate ladder. The parents of three grown children have spent their lives in houses and say they’re ready for a hassle-free change.

Bonnie and Murray Goldmacher look over floor plans for their 6th-floor suite in new midrise condo The Winslow with Pouyan Safapour, chief operating office with Devron Developments.
Bonnie and Murray Goldmacher look over floor plans for their 6th-floor suite in new midrise condo The Winslow with Pouyan Safapour, chief operating office with Devron Developments.  (Richard Lautens / Toronto Star)

“This whole house thing is overrated,” says Goldmacher, 57. “People become slaves to their houses.”

She and Murray, 65, will say goodbye to their four bedroom, 3,500-square-foot home in their upscale, mid-town neighbourhood, where they’ve lived for 12 years, in favour of a two-bedroom, 1,200-square-foot suite at The Winslow.

The couple were the first buyers at the new, nine-storey, 59-suite Devron Developments project, which fronts onto Yonge St., just south of Lawrence Ave. The boutique building caters to a mature demographic that prefers the traditional archetype of the Lawrence Park area and includes those touches woven through suite and amenity designs.

The Goldmachers were adamant about not leaving their walkable neighbourhood. They had a long list of other deal breakers as they weighed the possibility of leaving their house and downsizing to a condo.

Once they found their sixth-floor suite, they insisted on having a barbecue on their condo suite’s private, south-facing terrace, a laundry room they could walk into, a powder room for guests and a living room big enough to entertain family. They also needed a pet-friendly building which would welcome Dora, their seven-year-old Pekingese-Yorkie mix.

Pouyan Safapour, with Devron Developments, points out features on the scale model of The Winslow condo where Bonnie and Murray Goldmacher have bought a 1,200-sq.-ft. suite.
Pouyan Safapour, with Devron Developments, points out features on the scale model of The Winslow condo where Bonnie and Murray Goldmacher have bought a 1,200-sq.-ft. suite.  (Richard Lautens/Toronto Star)

Fortunately, The Winslow was able to check off all of the couple’s boxes — and more. And Devron COO Pouyan Safapour says that’s not just coincidence.

“When we say the word ‘home,’ most people are thinking a house, and that just means that socially we haven’t embraced the idea that a condo is a home,” he says.

“It should be a home, just as much. That’s what our philosophy centered on — all of our developments should feel like home in their respective neighbourhoods,” he says. “It’s not a downgrade in their quality of life.”

Safapour says The Winslow will include 59 units with suites ranging from 1,100 square feet up to 4,200 square feet. Prices start from $1.4 million and go up to $8.2 million with an average square footage of 1,600.

While most units in the building will have two bedrooms, some of the larger suites will have as many as five bedrooms and prime units will have a larger terrace facing onto the Blythwood Ravine.

The nine-storey boutique building on Yonge St., just south of Lawrence Ave., includes terraces and balconies on upper suites.
The nine-storey boutique building on Yonge St., just south of Lawrence Ave., includes terraces and balconies on upper suites.  (Devron Developments)

“There is some uniqueness to every unit and its layout,” Safapour says.

A back-up gas generator for full operation during a power outage, a Judo water filtration system and in-suite acoustics to minimize sound transmission are some of the building’s stand-out features.

A social room with a 14-seat dining room table, fully equipped fitness room and a ground floor pet wash are all part of the amenities package, along with 24/7 concierge service.

The Goldmachers have gotten a sneak peek at condo living during their Florida vacations and say they love having a doorman who signs for packages and enjoy the ease of throwing garbage down the chute.

“We feel like the rich and famous!” she laughs.

While Goldmacher has been gravitating towards the idea of condo-living in recent years, she says the seed was planted a long time ago. A childhood friend lived in a condo and their parents wouldn’t have had it any other way.

An artist's rendering shows a two-level suite's living room and terrace.
An artist’s rendering shows a two-level suite’s living room and terrace.  (Devron Developments)

“They never wanted to have to worry about a house,” recalls Goldmacher. “And I never thought of it when I was younger, but I wish I had, because I think it’s an improved lifestyle.

“This is our retirement plan,” she says. “We’re going to cash out of our big house investment and move into smaller quarters … We’re doing the best we can with our property investment.”

Goldmacher says that while their children may miss the house, she’s sure they’ll embrace their parents’ new condo.

“My home is wherever I’m making the Friday night dinner,” she says. “It’s not this building. It’s not going to be that building. Wherever we are, that’s our home. I think that’s the way my kids see it now too.”

The Winslow

Modern kitchens are planned for the 68 condo suites in the new Lawrence Park midrise.
Modern kitchens are planned for the 68 condo suites in the new Lawrence Park midrise.  (Devron Developments)

Developer: Devron Developments

Location: 2781 Yonge St., Toronto

Design Architect: David Winterton of Era Architects; Interior designer: IIBYIV Design

Size: Nine storeys, 59 units, suites from 1,100-sq.-ft. one-bedroom to 4,200-sq.-ft. five bedroom layouts, plus five townhomes

Starting price: From $1.4 million

Amenities: Fitness centre, party room and lounge, pet wash, 24-hour concierge, hotel guest suites

Occupancy: End of 2021 (tentative)

Contact: 647-350-8592


Source link

قالب وردپرس


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





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.

Continue Reading


10 Tips For First-Time Home Buyers





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.

Continue Reading


A Simplified Guide for Toronto First-Time Home Buyers





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.

Continue Reading