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Wednesday, August 15, 2018

369 Woodcroft, Hudson: Visit Libre, Dimanche, 19 Aout

369 Woodcroft, Hudson
Centris 13245857
Visite Libre: Dimanche, 19 Aout

This executive family home on Woodcroft, a pretty section of quality well-kept homes has a landscaped backyard which features an inground pool and multi-level deck.  Features: 4 +1 bedrooms, main floor office, family room, living room + dining room, spacious kitchen with dinette. The basement is finished and it has a playroom, bedroom and office/bedroom.

Maison unifamiliale exécutive sur Woodcroft, beau secteur de maisons de qualité bien entretenues avec cour arrière paysagée qui dispose d'une piscine creusée et une terrasse à plusieurs niveaux. 4 +1 chambres à coucher, bureau au rez-de-chaussée, salle familiale, salon + salle à manger, cuisine spacieuse avec coin-repas. Sous-sol aménagé offrant salle de jeux,  chambre et bureau/chambre à coucher.

Built in 1990, this spacious home sits on a 36,247 square foot lot in beautiful Hudson This sturdy home from the ground up, is waiting for you. It’s close to schools, train, trails, public beach, golf and shopping.
Construite en 1990, cette maison spacieuse se trouve sur un terrain de 36 247 pieds carrés dans la belle ville de Hudson Cette maison de construction solide du sous-sol à la toiture vous attend. A proximité des écoles, train, sentiers, plage publique, golf et commerces.

It’s nestled on a very pretty lot which has grand trees and mature gardens.  The back yard is private and the grounds are beautifully landscaped with luscious gardens. One can relax on the back deck after a swim or dip in the hot tub. The backyard is fenced.
Elle est nichée sur un très beau terrain avec arbres majestueux et jardins matures. La cour arrière est privée et les jardins sont magnifiquement aménagés avec des jardins luxuriants. On peut se détendre sur la terrasse arrière après une baignade ou un bain relaxant dans le spa. La cour arrière est clôturée.

A large front entrance brings you into the central hall plan.
La grande entrée principale vous amène dans le plan du vestibule central.

The convenient main floor home office is bright and large in size. This room can be used as a dining room.
Le bureau à domicile de l'étage principal est éclairé et de grande dimension. Cette pièce peut être utilisée comme salle à manger.

The gourmet kitchen with dinette is full of sunshine. This tastefully decorated kitchen has loads of cupboards, granite counter top, 2 ovens  and ceramic floors. You can have your meals in the dinette adjacent to the kitchen. The patio doors open onto a large back deck.
La cuisine gastronomique avec coin-repas est remplie de lumière naturelle. Cette cuisine décorée avec goût a beaucoup d’armoires, comptoir en granit,2  fours, cuisinière et plancher de céramique. Vous pouvez prendre vos repas dans le coin- repas adjacent à la cuisine. Les portes-patio s'ouvrent sur une grande terrasse arrière.

The main floor family room with fireplace is comfortable in size (21’x 13’) and it’s wonderful for family gatherings.
La salle familiale avec foyer, au rez-de-chaussée, est de dimension confortable (21'x 13 ') et  parfaite pour les réunions de famille.

You can entertain in uncrowded comfort in the separate dining room.
Vous pouvez recevoir dans le confort non encombré de la salle à manger séparée.

The practical mudroom has plenty of room to hang coats/boots and it leads to the garage. A powder room and laundry room is on the main floor.
Le vestiaire pratique a beaucoup d'espace pour accrocher des manteaux/bottes et il mène au garage. Une salle d'eau et salle de lavage se trouvent à l'étage principal.

The 4 bedrooms on the 2nd floor are all spacious in size.
The luxurious master bedroom (20.8 x 15) has 2 walk in closets and an ensuite bathroom with separate shower and bath. 
Les 4 chambres au 2ème étage sont toutes spacieuses.
La luxueuse chambre principale (20,8 x 15) dispose de 2 walk-ins et d'une salle de bain attenante avec douche et baignoire séparées.

The basement has several finished rooms. There is a playroom with wet bar, bathroom, bedroom and a room which can be used as an office or bedroom. The unfinished electrical/storage room has plenty of room for storage.
Le sous-sol a plusieurs pièces aménagées. Il y a une salle de jeux avec bar, salle de bain, chambre et une pièce pouvant servir de bureau ou de chambre à coucher. Pièce des installations électriques/de rangement inachevée a beaucoup d’espace de rangement.

This spacious, well maintained home is in move-in condition.
Maison spacieuse et bien entretenue, rien à faire que d’y emménager.

The 3 car garage is now a 2 car garage because previous owners installed a mudroom, using half a garage space. This can be easily converted into a 3 car garage.
Le garage espace 3 voitures est maintenant un garage espace 2 voitures,  les propriétaires précédents ont installé un vestiaire, en utilisant un demi espace. Cela peut être facilement reconverti en un garage 3 voitures.

The present owners have never used the fireplace in the playroom (basement) because the chimney was closed.
Les propriétaires actuels n'ont jamais utilisé le foyer dans la salle de jeux (sous-sol) parce que la cheminée est fermée.

Electric Forced Air Furnace: 2016
Thermo Pump: 2016
Air Exchanger: 2016
Hot water tank: 2010
Septic cleaned: 2016
Septic system for a 4 bedroom home
Hydro: $3,995.60 (June 22, 2017 to June 20, 2018)
Fournaise électrique à air pulsé: 2016
Thermopompe: 2016
Echangeur d’ air: 2016
Réservoir à eau chaude: 2010
Vidange de la fosse septique: 2016
Système septique pour maison de 4 chambres à coucher
Hydro: 3 995,60$ (22 Juin, 2017 au 20 Juin, 2018)

Main Building
2pc Bath: 7'2" x 4'4"
Breakfast: 20'4" x 10'6"
Dining: 20'2" x 12'4"
Garage: 18'10" x 30'10"
Kitchen: 13'3" x 12'
Laundry: 7'2" x 5'1"
Living: 13'4" x 21'8"
Living: 14' x 10'11"
Mudroom: 7'8" x 5'9"
Office: 13'3" x 13'3"

3pc Bath: 8'6" x 8'6"
Bedroom: 8'9" x 12'1"
Bedroom: 13'9" x 12'6"
Bedroom: 10'4" x 12'10"
Ensuite: 4'8" x 10'10"
Ensuite: 12'8" x 14'3"
Master: 15'3" x 20'8"
Wic: 7'7" x 4'4"

4pc Bath: 7'1" x 8'3"
Bedroom: 18'9" x 13'6"
Bedroom: 13'7" x 16'11"
Rec Room: 16'6" x 35'10"
Utility: 3'6" x 5'1"
Utility: 13' x 31'4"
Wic: 9'9" x 4'8"
Wic: 6'9" x 5'

Monday, August 13, 2018

Montreal's Hot Real Estate Market Spawns Rare Phenomenon

Montreal's hot real estate market spawns rare phenomenon

By The Canadian Press. 

Montreal's sizzling real estate market has spawned bidding wars, a common occurrence in recent years in the frenzied Toronto and Vancouver markets, but a rare phenomenon in Canada's second-largest city.
A mix of very low inventory, a solid Quebec economy and influx of foreign buyers has caused home prices in Greater Montreal to appreciate above the national average for the first time in seven years.
In contrast to mixed performances in the Toronto and Vancouver markets that tend to dominate headlines, Montreal's market is on a solid upward trajectory.
The Greater Montreal Real Estate Board reported home sales increased in July for their 41st consecutive month, hitting an eight year high for the month. The median single-family home price rose six per cent compared to the same month a year ago to $336,250 _ still much lower than in Canada's biggest market of Toronto, where the average home price stood at $782,129 in July.
The bidding war situation _ in which interest in a property is so strong that sellers can solicit quotes above the asking price from multiple buyers and choose the best offer _is especially strong in Montreal's West Island, where nearly one quarter of houses sold above the asking price in the second quarter, according to Royal LePage.
Sellers on the island of Montreal received bids about $15,000 or 3.5 per cent above asking price, said Dominic St-Pierre, senior director for Royal LePage in Quebec.
``It's probably going to get worse before it gets better,'' he said.
``Demand is still strong and the inventory is still going down and it's probably going to continue to go down for another six to nine months before it will stabilize.''
The threat of further interest rate hikes, new listings and rising new home construction will eventually bring the market more into balance and relieve some pressure on buyers, he said.
Montreal's last sellers' market that prompted bidding wars occurred a decade ago, before the financial crisis.
For buyers, bidding wars can be an extremely stressful and expensive process, but for sellers, they are huge money-making opportunities.
Elena Trigiani and her husband, Thomas Poirier, were recently forced to pay 15 per cent above asking to come out on top in a war with six other bidders.
``The house in all fairness was priced for a bidding war,'' said the 29-year-old soon-to-be first-time mother.
The two-storey house in Pointe-Claire, an island suburb, sold $60,000 over the $400,000 asking price.
The couple braced for battle after seeing lots of friends miss out on homes because they failed to go all-in.
``We knew that we were going to have to be able to react quickly if we knew the house was for us and that's what we did,'' she said.
Sellers, Megan Mallette-Di Liello and Patrick Vena reaped the benefits of being on the flip side, receiving an extra $20,000 when they sold their home listed at $735,000 in nearby Beaconsfield.
The parents of two young children knew from friends that there was a possibility of multiple offers but didn't want to get their hopes up.
``We were definitely satisfied. We didn't expect that,'' she said.
Di Liello had heard of sellers who deliberately listed at a low price to create a bidding war.
``That wasn't our intention. We thought what we listed it at was fair, and so to get over that, we were surprised.''
While Montreal's real estate market is strong, the degree of over-bidding pales in comparison with Toronto and Vancouver, where some homes attracted scores of bids in their heydays and sold for $100,000 over asking.
That dynamic added to buyers' frenzy and encouraged losing bidders to pay more in subsequent sales, said Brad Henderson, CEO of Sotheby's International.
``The next bidding war that they got into they would be that much more determined and that was one of the things that caused the laddering up of prices,'' he said in an interview.
Henderson also believes there's more runway for bidding wars for homes priced under $1 million because of the lower prices of homes in Montreal.
``Montreal has suffered for a long period of time under sort of a cloud of political uncertainty, but given its stability over the last number of years and the fact that the existing government is not expected to do anything radical, I think that is what has allowed Montreal now to play a bit of catch-up.''
Montreal realtors say the inflow of foreign buyers that followed the introduction of taxes on them in Toronto and Vancouver have made a difference even if their numbers are relatively small.
Another factor on the West Island is the lack of housing options for seniors. That has convinced baby boomers to hang onto their large homes, said Jay Deakin, owner of Deakin Realty.
The volatility has made it hard to price homes and know what to expect in the coming months, he said.
``I'd like to say that we all saw this coming, but most of the brokers I talk to we didn't see the last 18 months coming. We weren't expecting that type of increase.''

August 13, 2018

Wednesday, August 8, 2018

Royal LePage Boomer Property Trends Survey

Media across the country have just received our Royal LePage Boomer Property Trends Survey. The release includes results from a poll conducted by Leger surveying Canadian baby boomers (currently aged 54 to 72) on real estate trends, which we believe will have a significant impact on the real estate market within the next five years.

Boomers in Quebec are the most likely to be content with their current living situation. Eleven per cent plan to buy a new home in the next five years, and 12 per cent plan to buy a new home in retirement – both the lowest proportions of all regions surveyed. Almost two-thirds (62 per cent) said they would prefer to renovate than buy a new home and 77 per cent have no plans to move to a new city in retirement – tied with the Atlantic provinces for the lowest proportion of all regions surveyed.
The survey found that these plans remain intact even as their lifestyles change. Twenty-seven per cent of boomers in the province plan to downsize as they approach or enter retirement and 16 per cent plan to downsize when their children move out – also the lowest percentages in the country.
“When boomers in Quebec sell their property, it’s normally for one of two reasons: to pull out the equity to enjoy life or to help their children purchase a home,” said Pierre Lafond, broker, Royal LePage Tendance. “Those looking to rent a property choose that lifestyle to avoid the potential hassle of being a property owner. If they are looking to downsize, they normally ‘trade up’ into a more high-end house or condo.”
Despite widely believing that home ownership is a good investment (89 per cent of respondents), boomers in Quebec are the least likely to own their home (72 per cent own) slightly higher than those in British Columbia (70 per cent own). Half (50 per cent) of boomers in Quebec believe the housing market in their area is affordable. 

Key highlights from the release include:
  • 17 per cent of Canadian baby boomers are planning to purchase a new home in the next five years.
  • 56 per cent of boomers consider their local housing market unaffordable for retirement.
  • 9 per cent of boomer parents do not expect their kids to move out until after the age of 35; this number is almost three times higher in British Columbia.
  • Many boomers are willing to help their children with real estate purchases. If asked for assistance by their child, 41 per cent would give less than 25 per cent of the home's total value, while 5 per cent would give 25 per cent of the home purchase price or higher.
  • Canadian baby boomers who plan to purchase a home in the next five years are most likely to buy a detached home (45 per cent), a condominium (32 per cent), a semi-detached or town home (10 per cent) and a recreational property (5 per cent).
  • Quebec boomers are the least likely to purchase a new home. Eleven per cent plan to buy a new home in the next five years, and 12 per cent plan to buy a new home in retirement – both the lowest proportions of all regions surveyed.