My love of property and natural people skills make real estate the ideal career choice.
I bring intuition, honesty and an understanding of the human condition that enables me to put myself in my clients shoes, to listen intently and to empathise with their situations. My level of expertise is constantly being upgraded.
I am an Accredited Senior Agent with the skills to help folk with the basics of Estate planning, with taxes upon death, spousal protection, wills and trusts, estate taxation on death and reverse mortgages.
I work mainly in the Central Core of Toronto, though my referrals from clients have led me as far afield as Burlington, and Oakville. I am a member of these boards as well as the Toronto Real Estate Board.
I am comfortable selling magnificent million dollar homes and adorable one bedroom condos, so please call me today at 416-960-9995 for your complimentary consultation.
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.