$249,000
Great opportunity in owing this 2000+ sq.ft duplex in Elmwood. Main floor unit has a total of 4 good sized bedrooms, large living room/ dining room. The main floor has hardwoods throughout with an eat in kitchen and offers a fully finished basement with recroom and extra room. The upstairs unit has 3 bedrooms, 2 full bathrooms,large living room with hard wood flooring throughout, and a full basement. Live in one unit and rent the other side.There are also 2 new high efficiency furnaces just installed a few years ago. Close to school,shopping, and transportation. Book your appointment now!
2 bedroom bungalow boasts hardwood floors, bright living room with coved ceilings, updated eat-in kitchen, 2 good size bedrooms, updated 3 piece bathroom and single detached garage. Full basement, updated electrical, new furnace, new air conditioner and some newer windows. Located in a very quiet street in Sinclair Park. Don’t miss this perfect starter home.
For more pics and info give us a call at 925-7999 or email us!
When looking for the perfect home it’s easy to be swayed by the way a home is decorated or what it looks like at face value. There are some things not to be overlooked, but others that are easily changed when you take possession. With those thoughts in mind, here is a list of 5 things you should overlook when determining if the house you are looking at is the right house for you.
1. It doesn’t matter what color the walls are. Who cares if they painted one of the bedrooms lime green? When you purchase the home you can easily cover the walls with the color of your choice.
2. If the patio needs rescreened it’s an easy project for a weekend and you’ll be proud of the work you put into your new home for minimal expense.
3. Stained carpeting can be a huge turn off, but before you walk away from a great home find out how much it would cost to replace it. You can always ask for a carpet allowance that will be given to you at closing so that you can replace the flooring before moving in.
4. Older appliances can be a problem if your heart is set on the latest and greatest. Before you turn your nose up at those older appliances, consider if you could update your appliances at a later date instead of insisting on them with the home purchase. Chances are you’re probably already cooking on appliances of the same age range and could wait a year for the appliances you’ve been lusting after.
5. Overlook the mess. Many times homes are cluttered due to people living in them or dirty if they have been sitting vacant for some time. A good cleaning can make that home sparkle again. And don’t forget, the sellers are responsible for making sure the home is clean prior to the final walk through before closing.
Make sure when you are house hunting, especially when buying a resale home, that your expectations aren’t set too high. Not only could you miss out on a really fantastic home, but you could find yourself in the process of shopping for realtor as well as a new home if you aren’t willing to be flexible. Determine what’s most important and enjoy the hunt!
Hunting for a new home is one of the most exciting times of your life, but that excitement and thrill can turn to a nightmare if you don’t pay close attention when purchasing a home. Because I want every buyer I work with to be completely satisfied and keep that same thrill every day when purchasing a home, I have compiled a list of things you should pay careful attention to when shopping for your next home.
1. Make sure your furniture is going to fit in the home you are looking at. If your furniture is oversized, looking at small and cozy isn’t going to work Your excitement about your new home will quickly turn to dismay on moving day if you can’t fit your furniture in the house!
2. Make sure the current wiring in the home will fit your needs. Older homes tend to have fewer outlets and sometimes have a lower frequency than newer homes. If your family is tech friendly you’ll need to pay careful attention to this detail.
3. If past plumbing issues were a concern with this home, have a home inspector make sure there is no damage to the home from the issue and that it truly has been remedied. Past water leaks can result in future issues with the home.
4. Is the neighborhood one you can see yourself living in over the years. If you don’t like the neighborhood now, chances are that you’ll like it even less in a few years. Make sure you feel just as comfortable in the neighborhood as you do in the home.
5. Does the home have the right amount of space for the needs of your family? If you are planning on children or more children will this be the home you bring them home to or will you find yourself moving prior to the birth? If you are downsizing, is it going to be more in line with your current needs, or is there something else you need?
When choosing your next home the best steps you can take to remain happy for years to come is to truly determine what you will need in a home. The rest is what you want in a home. If you find what you need and what you want in the same home, you are extremely lucky. So keep your eyes open to decide if what you want in the new home can also accommodate you adding what you want in a home over the years. When you find the right home you’ll be happy for years to come!
If your looking for a starter home this is the home that you may want to add to the list of homes to view. It’s a 2 bedroom home with new laminate flooring throughout, new paint, some new windows, kitchen has been upgraded, and a singled detached garage. Located on a very quiet street.
Majority of Homes Sell For Over $200,000
WINNIPEG - Besides resulting once again in another month where dollar volume sets a new record for the month as it was up 9% over the previous best dollar volume February in 2008, a significant development this month is a clear shift in overall residential-detached sales activity to price ranges over $200,000. Leading the way is the $200,000 to $249,999 price range where one out of every four homes sold in this category. Last February the same percentage of activity happened in the $150,000 to $199,999 price range. Overall, 56% of homes sold in February went for above $200,000. The under $100,000 sales dipped to only 8% in comparison to 11% in February 2009.
Similarly, condominium sales activity went upward too in comparison to February 2009 but the only difference from residential-detached was it shifted to more activity in the $150,000 to $199,999 price range from the $100,000 to $149,999 one. More than one out of three condos sold in the $150,000 to $199,999 price range where it was more like one out of five last year for the same month.
If you wanted to use an Olympic Winter Games analogy, Winnipeggers are reaching for higher levels in terms of house and condo values where Canadian athletes were going for gold. The current low interest environment is the biggest enabler in this regard as it helps keep affordability within the realm of many buyers.
Another clear difference this year compared to last is the number of home sales in February that went for over list price doubled from 22 to 44%. Another 44% however sold for under list price.
February MLS® unit sales of 712 and a dollar volume of over $150 million would be considered one of WinnipegREALTORS®’ better February’s due largely to the record dollar volume for the month of February. The four previous years to 2009 had sales approaching 800 so there have been better sales results. February MLS® unit sales were up 8% (712/660) while dollar volume rose 19% ($150.6 million/ $126.6 million) in comparison to the same month last year.
Year-to-date MLS® unit sales are up 1% (1,199/1,184) while dollar volume has increased 13% ($252.8 million/ $223.1 million) in comparison to the same period a year ago.
“February market activity shows a real improvement over January and is more in line with what our expectations are for this month,” said Claude Davis, president of WinnipegREALTORS®. “One similar carryover from January is the tight inventory situation in a number of Winnipeg neighbourhoods. It shows by virtue of the fact houses selling this month in these desirable MLS® areas were only on the market two weeks or less whereas the overall Winnipeg and surrounding rural municipalities’ average was 29 days.”
Davis added, “We expect to see a continuation of strong market activity with more listings coming on stream as move up buyers will want to take advantage of affordable mortgage rates before interest rates rise later this year.”
One huge beneficiary of the trend to higher sale prices over $200,000 is the provincial government. For any amount over $200,000 the highest land transfer tax rate in the country applies. So, at 2%, it means for every $50,000 increment over $200,000, the province collects an additional $1,000 in land transfer taxes from the home buyer. A $300,000 home creates a $2,000 windfall for the province based just on the 2% tax rate and another $1,650 for the amount below $200,000.
“You might say bracket creep is alive and well in Manitoba since there have never been any adjustments made to reflect higher sales prices since the inception of this tax in 1987,” said Davis. “There actually has been one change and that was made in 2004 when the provincial government raised the highest tax rate at the time from 1.5 to 2%.”
An unfortunate result of this land transfer tax is it has impeded the first time buyer from getting into the market to the same extent as has happened elsewhere in the country where there is no land transfer tax or a first time buyer exemption.
For residential-detached sales, the most active price ranges were the $200,000 to $249,999 and the $150,000 to $199,999 representing 25% and 19% respectively of total sales. The average days on market of sales of residential-detached listings in February was 29 days, 3 days faster than both January 2010 and February 2009.
34% of condominiums sold were from $150,000 to $199,999 while another 28% sold in the next lower price range of $100,000 to $149,999. The average days on market for condominiums was the same as residential-detached at 29 days, a marked improvement over last month’s days on market of 47 days and one day quicker than February 2009.
Established in 1903, WinnipegREALTORS® is a professional association representing over 1,500 real estate brokers, salespeople, appraisers, and financial members active in the Greater Winnipeg Area real estate market. Its REALTOR® members adhere to a strict code of ethics and share a state-of-the-art Multiple Listing Service® (MLS®) designed exclusively for REALTORS®. WinnipegREALTORS® serves its members by promoting the benefits of an organized real estate profession. REALTOR®, MLS® and Multiple Listing Service® are trademarks owned and controlled by the Canadian Real Estate Association and are used under licence.
New on the market! Great starter home with 3 bedrooms,1 and a half bathrooms, double detached garage, fully finished basement. Freshly painted throughout, new laminate flooring on main floor, new light fixtures, bathrooms renovated. Just move in!
Contact us for more info!
We’d like to wish everyone a happy holidays! Just a friendly reminder, if you’re having a drink or two with friends and family, please play it safe and take a taxi or have a designated driver when you go home.
After prepping the home (staging, cleaning, etc), a bunch of advertising, 2 open houses, and a week of showings, we had 3 offers on 2 Morongo on Monday. It’s in the newer part of Garden City off of Swailes Ave.
Negotiations took awhile but the sellers decided to take the offer that best suited their needs. Sellers were pretty happy about the price they received and so were we. I also had a chance to show the home to the buyers after all the conditions were satisfied and they were very excited about the house as well.
List price - $299,900
Sold price - $320,000
On a side note: We had a chance to see the house virtually identical to this one down the street. It too just recently sold but for $307,000. It’s pretty interesting how 2 houses that were pretty similar sold for 2 different prices.
510 River Road is now sold. Happy buyers and happy sellers! Congrats!
