We Do the Homework: Know What You're Getting Into
I am proud to be a member of the professional team of sales representatives that comprises Sotheby’s International Realty, Canada.
This association brings many benefits to the consumer, including global access to 700 offices in 49 countries and an unparalleled marketing plan.
My 14 years experience selling real estate in Central Toronto have given me a deep understanding of the stress and mystery that can surround the buying and selling of homes. I believe my clients deserve devotion, a high level of care and integrity.
For many of us, a home is the largest and most important investment we will make. To assist in the decision of buying or selling, I practice the utmost professionalism, applying my love of research, detail and patience to every transaction, bringing confidence to my clients, assuring them they are making a sound investment.
An avid arts follower, I love to visit the AG0, the ROM, the National Ballet of Canada, Soul Pepper Theatre. I love to walk for miles on Manitoulin Island and on the pink sands of Eleuthera. I am a regular visitor to the Grosvenor St. YMCA.
Born in Newport, Gwent UK, the daughter of a career RAF pilot I lived in 16 different homes before coming to Canada in 1977. I know what it’s like to uproot yourself from a neighbourhood, friends and schools. I have lived in Cabbagetown since 2005.
Sotheby’s International Realty Canada is a brand recognised for luxury. I will provide an extraordinary customer experience in any price range.
The Major Differences Between Condos, Co-ops & Co-Ownerships
1 Balmoral Ave is a fine example of a Toronto condo building. Prices for 2011 range from $349,500 for a 1 bedroom 1 bathroom unit, and $551,000 for a 2 bedroom 2 bathroom. Prices vary somewhat depending on the exposure.
- purchaser obtains ownership to individual unit
- purchaser can individually finance unit with mortgage terms that are individually negotiated
- purchaser subject to the declaration, rules and bylaws of its condo corporation
- regulated by the Condominium Act
- condo corporation does not own any units but merely manages the property
- purchaser is assessed for pro rata share of common expenses
- purchaser does not need consent of condo corp to sell or mortgage the unit
CO-OPS: 21 Dale Ave. is a great example of a co-op building in the heart of Rosedale. In 2011, a 1 bedroom unit cost $325,000, a 2 bedroom 2 bathroom $460,000. The maintenance always seems rather high with this type of building because property taxes are included. This particular building sits on 5.2 acres of cultivated gardens and is atop the
Rosedale Valley Ravine. Rosedale is home to a number of co-op buildings.
- purchaser will not own the unit
- purchaser will own shares in corp and leasehold interest in specific suite
- purchaser will not be able to mortgage specific suite
- co-op corp. will be registered owner of property
- purchaser will have long term exclusive use of specific suite
- purchaser will be obligated to assume liability for blanket mortgage on whole property
- common expenses of building are spread among all shareholder-tenants
- need consent of board of directors of corporation to sell shares or assign lease
- often more affordable than comparable condominium
- no personal liability for blanket mortgage
- relationship not governed by Condo Act, but by private contracts
30 Gloucester St., just south of Bloor and just east of Yonge is a very familiar landmark co-ownership building. A 1 bedroom 1 bathroom unit recently sold in the region of $205,000, a 2 bedroom 1 bathroom sold for $265,000.
- purchaser acquires undivided percentage ownership
- interest can be transferred or encumbered without consent
of other co-owners
- exclusive occupancy rights
- Condo Act has no application and relationship governed by private contracts
- shared rights with other co-owners regarding possession, common expenses etc
If you are thinking of selling your Toronto townhouse and would like to see it featured on this site, please Contact Louisa.