2686 Rue du Bordelais, Saint-Lazare: VENDU!

2686 Rue du Bordelais, Saint-Lazare

VENDU!
Listed at $639,000

This open concept bungalow is so beautiful, you’ll want to move right in.   This spacious home has 2 finished levels plus a 2^nd floor mezzanine and playroom above the garage.  There are 9 ft ceilings on two floors. Main floor features: living room, dining room, kitchen, dinette, main floor office, 3 bedrooms + 2 bathrooms. Basement (walk-out): cinema room, family room, laundry room, bathroom + 3 bedrooms.  The backyard is private and there is a heated inground pool.  This classic beauty is a pleasure to show. Built in 2008. Turn key!

Ce plain-pied à concept ouvert est tellement beau, vous aurez envie d’y emménager immédiatement. Cette maison spacieuse dispose de 2 niveaux finis en plus d’une mezzanine au 2ème étage et salle de jeux au-dessus du garage. Plafonds de 9 pieds aux 2 étages. Caractéristiques du rez-de-chaussée: salon, salle à manger, cuisine, dinette, bureau, 3 CAC + 2 SDB. Sous-sol (sortie à l’extérieur): salle de cinéma, salle familiale, salle de lavage, SDB + 3 CAC. La cour arrière avec piscine creusée chauffée est privée. Cette beauté classique est un plaisir à faire visiter. Construite en 2008. Clé en main!

2455 Yearling, Saint-Lazare: VENDU!

2455 Yearling, Saint-Lazare

VENDU!

 

 

2740 Rue Steeplechase, Saint-Lazare: Visite Libre: Samedi, 17 Octobre

Visite Libre: Samedi, 17 Octobre

2740 Rue Steeplechase, Saint-Lazare, QC

14:00 - 16:00

A quality home in the heart of Saddlebrook! This comfortable 4 bedroom home has been meticulously maintained.  It offers a main floor family room, kitchen, dining room, living room, mudroom, 2 full bathrooms, playroom and 3 season porch.  The backyard is as pretty and private.  The gardens are luscious and there is an inground pool.  This classic beauty is a pleasure to show.  

Maison de qualité dans le coeur de Saddlebrook! Maison confortable de 4 chambres   méticuleusement entretenue.  Salle familiale à l’étage principal, cuisine, salle à manger, salon, vestiaire, 2 salles de bains complètes, salle de jeux et véranda 3 saisons.  Belle cour arrière privée.  Magnifiques jardins et piscine creusée.  Cette beauté classique est un plaisir à faire visiter.

2464 Place du Soliste, Saint-Lazare - VENDU!

2464 Place du Soliste, Saint-Lazare

542 Rue Wilson, Hudson: Vendu!

542 Rue Wilson, Hudson

Listed at $449,000

Vendu!

Situated in the heart of Hudson, this comfortable Cape Cod style house is in a setting of tranquil charm. This well maintained family home has 3 finished levels and is in move in condition.  Features: large country style kitchen, main floor office, main floor den, 4 season sunroom, living room, dining room, 3 bedrooms, 2 full bathrooms + finished basement.  This classic beauty is a pleasure to show.

Have a nice weekend!

Visite Libre: 2388 Rue du Muscadet, Saint-Lazare - Vendu!

2388 Rue du Muscadet, Saint-Lazare

$449,000

Centris 26860960

Vendu/Sold in 15 days!

A front  porch to rock on! Enjoy the country lifestyle in this stunning 2 storey home. Features:  open concept living room/dining room, country style kitchen, family room, 4 bedrooms, 2 full bathrooms , main floor laundry room and 2 car garage. If you’re looking for comfortable country living, this is it!  Turn key.

Une galerie avant pour vous bercer! Profitez de la vie à la campagne dans cette magnifique maison à 2 étages. Caractéristiques: salon/salle à manger à concept ouvert, cuisine de style campagnard, salle familiale, 4 chambres, 2 salles de bain complètes, salle de lavage au niveau principal et garage double.  Si vous cherchez le confort de la vie à la campagne, vous avez trouvé. Clé en main.

Real Estate Tax

Real estate tax: One million American citizens in Canada face double tax troubles

Financial Post, published March 20, 2015

Owning real property on both sides of the border can create a confusing tax situation.

 

Republish Reprint

Max Reed, Special to Financial Post | March 20, 2015 | Last Updated: Mar 20 1:21 PM ET
More from Special to Financial Post

Matthew Sherwood for National PostOwning property on both sides of the border can create a difficult tax situation.

 

Owning real property on both sides of the border can create a confusing tax situation.
Consider this example. Stefan and Jane are married and live in Vancouver. Jane is a Canadian citizen while Stefan holds both U.S. and Canadian citizenship. In 1994, shortly after getting married, they bought a house for $250,000 (all figures in U.S. dollars for simplicity’s sake), which they own jointly.
Thanks to the Vancouver housing market, the house is worth $2.25 million. Their increased net worth prompted Jane to buy a condo, in her own name, in Arizona, next to Stefan’s favourite golf course.

Related

• Don’t panic, American citizens in Canada: The IRS is not coming to seize your house

Now Stefan and Jane might owe some U.S. tax if they want to sell the house or the condo. Under Canadian tax rules, the sale of their principal residence – their house – is free of capital gains tax (the tax due when an asset you own has appreciated in value and you sell it).
But American rules are different. As a dual citizen, Stefan is subject to both U.S. and Canadian tax rules. In this case, the gain on the house would be $2 million. Stefan’s half of that is $1 million.
Under U.S. tax rules, Stefan is allowed to exclude $250,000 worth of capital gain income from tax. But that leaves $750,000 of capital gain income that is still subject to tax at a top marginal rate of 23.8% (approximately $178,500 of tax due).
This might come as an ugly surprise to Stefan and Jane. Like other couples, they may have thought, correctly under Canadian rules, that the sale of their principal residence was tax free. To plan around the American taxes, Stefan may be able to give his share of the house to Jane prior to the sale – preferably years before the sale – but this will have U.S. gift tax implications.

Gimme shelter: How the U.S. eyes your Canadian registered plans

Canada has a raft of registered plans, all of which have different U.S. tax consequences. Consider the following example
Read more

Stefan’s ownership of the house isn’t the only U.S. tax issue the couple has to grapple with. Jane owns a condo in the U.S. If she sells this condo, she will have to pay both U.S. and Canadian capital gains tax on the sale if it has increased in value since the time she bought it. However, she can use the U.S. tax paid as a credit to offset the Canadian tax on the sale.
American estate taxes for Jane are another potential problem because she is a Canadian who owns U.S. real estate. Because the property is located in the U.S. her estate may be subject to American estate taxes if she still owns the condo when she dies. U.S. rules exempt the first $60,000 of property that Jane owns in the U.S. from American estate tax. The Canada-U.S. Tax Treaty offers further relief that should prevent Jane from owing U.S. estate tax.
If she does have some exposure, there are strategies (including owning the U.S. property through a trust) that Jane can use to reduce her exposure to U.S. estate tax.
Jane and Stefan need to pay careful attention to the tax rules so that their real property doesn’t become a real tax problem.
Max Reed is a cross-border tax lawyer at SKL Tax (www.skltax.com) a U.S.-Canadian tax firm in Vancouver and the co-author (with Dick Pound) of A Tax Guide for American Citizens in Canada. max@skltax.com