Welcome to Jordan Epstein Toronto Real Estate Sign in | Help

Toronto Real Estate

Apartment For Sale in Wynford


Spacious 1350sq.ft

• 1,350 sq. ft., 2 bath, 2 bdrm apartment - MLS® $469,000

 -  Approx. 1350 Sq Ft, 2 Bedroom Spaced For Optimal Privacy & 2 Full Baths * Gas Fireplace * Freshly Painted With Neutral Decor * Lots Of Storage Space Plus 2 Locker Rooms * 2 Parking Spaces - Private insuite Laundry RoomNew hardwood floors, Marble Tile, Quartz Counter Top, Stainless Steel Appliances, Central Vac, Mirrored closets, Custom Window Coverings ,,,Bbq on the balcony,.Fabulous Building Amenities include, pool, billiards, party room, 24hr security, lots of visitor parking. & Ttc X-Press Bus @ Door.

Property information

Posted Tuesday, May 15, 2012 4:46 PM by Jordan Epstein | 0 Comments

Filed under: ,

2Br Condo For Sale In Toronto!!!

• 2 bath, 2 bdrm apartment - MLS® $394,800 - REDUCED!!!

 -  Remarks For Clients: Brand New Luxury Condo By Monarch, Rarely Offered 2 Bedroom And 2 Bathrooms Plus Den Corner Unit, More Than 1000 Sqft With Two Balcony's. Unobstructed Panoramic View Of City, Extra Long Wrap-Around Balcony, Den Has Window Could Be 3rd Bedroom, Close To Subway, Fairview Mall, Grocery, Easy Access To Hwy404, Building Features Incl Gym, Sauna, Pool, 24Hr Concierge, Party Room & Much Much More!! Kitchen Upgrade - Back splash Tile.
Extras: Brand New 6 Appliances. Fridge, Stove, Dishwasher, Microwave, Washer, Dryer, One Parking And One Locker

Property information

Posted Wednesday, September 14, 2011 4:50 PM by Jordan Epstein | 0 Comments

Filed under: ,

Apartment For Sale in King West


Stunning Penthouse!!!

• 3,500 sq. ft., 3 bath, 4 bdrm apartment - MLS® $2,499,000

 -  Remarks For Clients: Introducing An Extraordinary Rare Penthouse In Toronto's King West Neighbourhood! Amazing For Entertaining With A Post Card City View. Approx 3500 Sqft, With Two Magnificent Terraces Approx 2800 Sqft Combined. 4 Bedrooms,3 Bathrooms, Parking & Huge Locker. Gorgeous Engineered Hardwood Floors, Custom Italian Scavollini Kitchen,10 Ft Exposed Concrete Ceilings,Spa Like Bathrooms, Large W/I Closet.Two Way Gas Fireplace, Gas Bbq Hook Up
Extras: Private Double Elevator Access Directly To The Unit.Includes Stainless Steel Appliances: Subzero Fridge, Fisher Paykel Dishwasher, Three Meile Ovens, Meile Induction Cook Top, Liebherr Wine Cooler,All Elfs


MUST SEE VIRTUAL TOUR!!!

Property information

Posted Tuesday, September 13, 2011 5:40 PM by Jordan Epstein | 0 Comments

Filed under: ,

Condominium For Sale in Mississauga

exteriorfront1

• 1 bath, 2 bdrm apartment - MLS® $229,000

 -  Remarks For Clients: Chic, Urban, Hot. The Premiere Location In Mississauga's New Downtown City Centre. Across From Liv Arts Centre, Future Sheridan College, Ymca, Library, City Centre Square. Steps To Summer Concerts, Events, Ribfest, And One Block From Sq.One. Cool 1Bedrm W/Hardwood, Appliances, Private Balcony O/Looking Rooftop Garden & New 'Signature Park'. Fantastic Amenities Incl; Private Theatre, Fitness Facilities, Pool, Simulated Golf, Guest Suites, Games Rm, & Bbq's.
Extras: Street Level Offers An Ultra-Convenient Retail Component Featuring Hasty Market, Second Cup, Pharmacy, Salon, & Walk-In Clinic. Great Spot To Call Your 1st Home, Scale Back A Bit, Or Hang Your Hat Between Trips.

Property information

Posted Wednesday, July 27, 2011 2:23 PM by Jordan Epstein | 0 Comments

Filed under: , , , , , , , , , , , , , , , , , , , , , , , , , ,

2 Story For Sale in Sheppard/Brian

• 2 bath, 3 bdrm 2 story - MLS®$439,000

Property information

Posted Thursday, June 02, 2011 3:59 PM by Jordan Epstein | 0 Comments

Filed under: ,

Buying recreational property in winter
As more and more Canadians reach the point in their lives where they have paid off their mortgage, or have greater financial resources, their thoughts may turn to buying a vacation property.  Demand for summer cottages or year-round vacation homes has increased over the years.  What was once a relatively low cost alternative to an annual family vacation has now become a significant financial investment.

Generally, there are three primary factors that drive the demand – and price – for  a recreational property:
The commute time / distance from a major urban center
Proximity to leisure activities (either waterfront for summer, or ski hills in winter, or both!)
Accessibility to the property throughout the year.  

As you would expect, the cottage that can be used in winter as well as summer has the greatest usage and appeal, and that usually translates into a higher asking price.  However, although the price may be higher, a year-round property usually offers the best opportunity to increase in value over time, as well as offer more potential for rental income.

If you’re considering a year-round property versus a summer cottage, winter can be an ideal time to view the property.  It will give you a realistic idea of how long it will take to get there, and how accessible the roads are in challenging weather.  If the roads to the property are not plowed, it may actually be accessible only by snowmobile or ATV, and that will have a major impact on its selling price and future resale appeal.  Viewing the cottage in winter also lets you see the heating system in action.  Wood stoves and fireplace inserts do a far better job of heating a space than an open fireplace, but only the hardiest individuals would find them adequate to meet all the demands of a cold Canadian winter.  If there is no back-up heating system, either electric baseboards or a furnace, you will want to allow for the expense of installing one as part of your budget.  Remember that if you plan to add baseboard heaters, they draw a lot of power, and you’ll need to be sure the existing wiring has the capacity to run them.

One area of caution for winter viewings: If outside improvements such as docks, decks and building features such as the roof are obscured by snow, you should be prepared to clear them if possible, and/or add an appropriate condition to your offer to assure that they are in serviceable condition.

The best news about viewing a recreational property in winter is that there are usually less buyers on the scene to compete with your offer.  So don’t sit back and wait for summer to roll around again!  Ask me how to turn the winter season into your buying advantage.

Posted Tuesday, February 08, 2011 12:31 PM by Jordan Epstein | 0 Comments

Filed under: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Are U.S. properties a good investment for Canadians?

There’s been a lot of media attention about the U.S. real estate market recently, leaving some Canadians uncertain about buying vacation or retirement property south of the border.  While every transaction is different, Canadians should be aware that overall prospects for long-term appreciation in U.S. property values are good, provided you’re prepared to stay with the home for a while.  In today’s challenging market, this is generally not a good time for ‘quick flip’ strategies.

Some markets in the U.S. have experienced significant depreciation in home values in last few years.  This market adjustment – combined with a strong Canadian dollar at near, or even surpassing, par with the U.S. dollar – have resulted in prices not seen by Canadian homebuyers in many years.  

‘Snowbird’ destinations such as Florida or Arizona represent huge markets, so every type of property, house style and price range is available to choose from.  There are numerous examples of 3-bedroom single family homes in sunshine destinations selling at close to $100,000.  Here in Canada, people are paying 3 times that for a summer cottage.
Unlike the Canadian market, foreclosures are readily available in many U.S. markets.  Foreclosures can offer great prices, but buyers should be cautious about these properties.  Sales are typically ‘as is’ and not warranted against hidden defects and sometimes such homes have not been well maintained.  Also, since property values have declined significantly in some markets, the fact that a property is a foreclosure does not necessarily translate into a below market price.

Under the current market conditions, it’s very important to rely on the services of local real estate professional – Coldwell Banker has close to 100,000 throughout the U.S. and Canada. 

Why not talk to me, your local Coldwell Banker professional about buying foreign property.  I can put you in touch with an experienced realtor who can work with you to find a home that fits all your personal needs. 

 

 Jordan Epstein

jepstein@terrequity.com

http://www.epsteinrealestate.com

416 495 2208

Posted Tuesday, February 08, 2011 10:07 AM by Jordan Epstein | 0 Comments

Filed under: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Western Canada home prices outpace surprisingly affordable Ontario

When it comes to moving up to a bigger home, Western Canada  continues to be a price leader, while Ontario offers a range of surprisingly affordable four-bedroom, two-bath homes.  Those are just two of the findings of a new study released by Coldwell Banker, the Home Listing Report (HLR), a snapshot survey of four-bedroom, two-bathroom home – the size of home many buyers would aspire to own.  The survey studied listings in 320 markets across North America, including 30 Canadian markets.

Here are some highlights of the recent study’s findings:  

Western Canada in price forefront:  Of the Canadian markets included in the report, Western Canada continues to be a price leader.  In British Columbia, the average price of a four-bedroom, two-bathroom listing in Kelowna and Burnaby reached $916,697 and $705,746 CDN respectively.

Fort McMurray outpaces other Alberta leaders:  A booming job market in Fort McMurray kept four-bedroom, two-bathroom homes at the forefront of Alberta prices at $593,390 CDN, outdistancing Calgary* and Edmonton at $551,920 CDN  and $452,628 CDN respectively.  

Vancouver in North American top ten: Established Canadian home price leader, Vancouver* reported an average price of $1,324,000 CDN ($1,289,179 U.S.) for a four-bedroom, two-bath ‘aspirational’ home.  Vancouver was the only Canadian city to make the North American top ten rankings.

Diverse housing options in Ontario:  In Ontario, four-bedroom, two-bathroom homes showed surprisingly affordable pricing in some of the province’s more densely populated urban centers such as Toronto ($495,398 CDN ) and Mississauga ($393,691 CDN), where condo units provide an appealing option for buyers wanting a four-bedroom home in the city, without the price of a large lot.  

Canada’s most affordable seeks out-of-market buyers:  The most affordable studied market in Canada for a four-bedroom, two-bathroom home was Windsor, Ontario ($158,242 CDN), across the river from North America’s most affordable market, Detroit, MI.  Both markets have been affected by the recent auto industry woes.  Windsor presents an affordable alternative for out-of-market buyers, such as retirees and individuals who have the freedom to work from home.  The market combines one of Canada’s warmer climates, proximity to Ontario’s fruit land and wine country, and features such as cross-border shopping.

Affordable U.S. property a ‘bargain’ for Canadians: Canadians thinking of buying property in the U.S. will be pleased to find a large number of markets where homeownership is at very affordable levels. In total, there are 85 U.S. markets in the HLR with average reported listing prices less than $200,000 US for a four-bedroom, two-bathroom home.   There are 183 U.S. markets that are less than $300,000 US.  These markets include many ‘sunshine state’ destinations sought after by Canadian ‘snowbirds’.


For further information about ‘aspirational’ home pricing in Canada, or your local market, visit contact your Jordan Epstein at jepstein@terrequity.com.

 

Posted Saturday, October 30, 2010 10:21 AM by Jordan Epstein | 1 Comments

Filed under: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Italian Restaurant For Sale in Davisville/Mount Pleasant


Great Family Restaurant Opportunity

• 1,175 sq. ft., 3 bath commercial - MLS®$215,000

 -  Fantastic Italian Restaurant/Bar Business In A Prime Mt.Pleasant Location. Established Over 30 Years. Great Client Loyalty. Besides Regular Food/Bar Services, Many Regular Catering Contracts. Approximately 500K In Sales. Good Return On Investment.
Extras:

Net Rent With Tmi And Hst 5476.08/Month. Newer Rooftop A/C Unit Is Owned. All Equipment In Excellent Condition. Very Well Managed, Clean Establishment. Full Dry Basement Houses Three Washrooms, Storage Area.

Property information

Posted Friday, October 29, 2010 10:51 AM by Jordan Epstein | 0 Comments

Filed under: , , , , , , , , ,

Luxury Condos soar to new heights!!!

Condominiums have long been perceived in the real estate market as one of the more affordable alternatives to home ownership.  And while that is still true in many cases, in recent years, there has also been a noticeable increase in luxury Condos in major Canadian urban centres.  With some of these high end condos, it seems that the sky is the limit when it comes to luxurious appointments and upscale amenities.


The growing trend toward luxury market condos makes perfect sense when you consider the demographics in play.  The Canadian market has seen increasing numbers of ‘empty nesters’ cashing out of their larger homes and moving back to the city to enjoy the condo lifestyle.  These affluent buyers don’t want to compromise on the luxurious appointments they were accustomed to in their previous home.  Condos aren’t just for first time buyers wanting to get their foot on the first rung of the property ladder any more.  These luxury condo buyers are looking for homes that can be 3,000 or even 4,000 square feet or more.  Luxury condo sales in major markets show such features as designer interiors, fireplaces, private elevators, a chandelier in the bathroom, his and her private dressing rooms, wine cellars and much more.  Some of the more upscale condos sold in recent months boast up to 5 bathrooms and 3 parking spots, and offer impressive amenities such as a massage room and dining room with catering.


So if you’re planning a luxury home sometime in your future, or just dreaming about what could be, don’t rule out the freedom and independence of the condo lifestyle just because you want the features that would only be found in a luxury home. 

Today, you can have the best of both worlds. Want to know more about the condo market and pricing within your own community?  Contact me anytime !

Jordan Epstein

jepstein@terrequity.com   

416.495.2208

Posted Friday, September 03, 2010 5:49 PM by Jordan Epstein | 0 Comments

Filed under: , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Prices still edge up, despite July’s slower sales pace

What’s new on the national housing scene?  According to the Canadian Real Estate Association (CREA), the number of MLS® transactions continued to trend downward in July, but inventory of homes for sale remains tight and sale prices are inching upward.  As expected, the decline in the number of July transactions was almost entirely the result of fewer sales in BC and Ontario.  A slowdown in demand in these two provinces had been widely anticipated, as many home purchases were pushed through in the first half of the year to avoid the new HST Tax which took effect on July 1st.
According to CREA, seasonally adjusted home sales activity via the MLS® was down 6.8% on a month-over-month basis in July.  However, this national decline in the number of transactions was smaller than the previous two months. Declines in British Columbia (-14%) and Ontario (-8%) accounted for 85% of July's decline in transactions.
While the number of national sales is below our previous record-breaking totals, the Canadian market remains tight in terms of supply.  Fewer new listings are coming on the market.  In fact, CREA reports that the number of new residential listings declined by 7.2% in July 2010 compared to the previous month. This is the third consecutive month-over-month decrease, and the steepest in more than a decade.  New listings have fallen 17.5% since April's peak.  This declining trend in new listings will help to support strong home prices.   
In fact, CREA reports that the national average MLS price edged another 1% higher in July to surpass $330,350, even in a month when the most expensive markets of BC and Ontario were experiencing fewer sales.
Of course, these are just national trends.  Real estate market conditions and sales data can vary from neighbourhood to neighbourhood and sometimes even on the same street.  For a more detailed picture of what’s going on in your own community, contact me anytime at jepstein@terrequity.com or at http://www.epsteinrealestate.com

 

 

Posted Sunday, August 22, 2010 4:35 PM by Jordan Epstein | 0 Comments

Filed under: , , , , , , , , , , , , , , , , , , , , , , , ,

Sales pace cools, but prices still rising

As predicted in previous industry forecasts, the sizzling sales pace of Canada’s housing market has begun to cool and move at a more moderate pace.  However, according to recent statistics released by the Canadian Real Estate Association (CREA), prices are continuing their upward climb.  As expected, there was a decline in the number of transactions in most markets across the country in June, due in part to a modest rise in interest rates, and the coming HST in Ontario and BC.  Although sales declines were greatest in Toronto and Calgary, it should be remembered that these declines are being compared against record or near record performances in these markets.

 

Although the pace of sales has cooled, the supply of homes for sale remains tight.  According to CREA, the total inventory of listings now represents 5.7 months on the market.  New listings are in decline, which is keeping the market balanced.  The only thing still on the upswing is the average price for homes listed on the MLS, which is now approaching $343,000 nationally.  As the market continues to moderate, buyers are expected to take their time reviewing properties and weighing their options.  CREA forecasts that this trend will take some of the upward pressure off prices moving forward.  While the days of double-digit price increases may be winding down, real estate remains a solid investment, with carrying costs still at very affordable levels due to relatively low interest rates.

 

Moving forward, CREA predicts that as the Canadian market continues to moderate, a recovering economy and job market will provide support for housing activity and prices.  Of course, this is just a national overview.  Market conditions can vary dramatically between communities, and sometimes even on the same stree

Posted Monday, August 09, 2010 1:32 PM by Jordan Epstein | 0 Comments

Filed under: , , , , , , , , , , , , , , , , , , , , , , , ,

Five Tips for Single Home Buyers

Canada’s housing environment has more single home buyers entering the market than ever before.  With inventory levels improving in many markets, and interest rates near record lows many people across the country who may have never considered buying a home in the past are recognizing that a mortgage payment on a house can actually be the same or less than what they would spend on renting.

For most Canadians, buying a home is the most significant financial investment they will ever make, and perhaps even more so for singles who are making the transition on their own. With that in mind, Coldwell Banker has come up with five tips to help single home buyers navigate the home buying process:

Keep an eye on the future. A family of one is much more likely to upsize rather than downsize. Some day someone who is single may add a significant other to their family and possibly even children. Though additional space may not be needed immediately, it’s important to consider potential future plans for a home.  Keep in mind that there is no such thing as the "perfect" house. Instead, determine what is essential – number of bedrooms, approximate square footage, neighbourhood, etc.  And when you do move up, your first home can provide you with equity to purchase your next home or it can be kept as an investment.

Get pre-approved for a mortgage. A pre-approval will let single home buyers know where they stand financially while informing the mortgage company that they are ready to buy. Additionally, this step will demonstrate to everyone involved in the purchase that the home buyer is serious and well qualified.

Location, location, location. The golden rule of real estate applies to single home buyers as well.  Factors such as proximity to work, family and nightlife often play a role in the decision of where to purchase a home. Speaking with a Coldwell Banker sales representative can help narrow the search to find the location that best suits a home buyer’s needs and lifestyle.

Plan ahead for maintenance fees. Owning a home is a rewarding experience. However, being the only person with a set of house keys also means being the only person responsible for maintenance. A leaky faucet and unkempt lawn won’t take care of themselves, so be sure to include future repairs and maintenance in the budget. Also keep in mind that certain properties such as condominiums and townhomes require less exterior maintenance and might be a good option for those single home buyers who find the idea of maintaining a yard a bit daunting.
Consider resale value and longevity. Purchasing a home has historically been a great long-term investment. However, there are many reasons single home buyers may need to move, such as relocating for a job or a lifestyle change. Therefore, it is important to think about the length of time that the home will be owned and also consider the resale value of prospective properties during the search. Your local Coldwell Banker real estate representative can share the average home price of properties in the area, how long each property has been on the market and what features increase a home’s value and appeal.

 

Jordan Epstein , Sales Representative

jepstein@terrequity.com  

416 417 7579

 

Posted Tuesday, July 06, 2010 4:08 PM by Jordan Epstein | 0 Comments

Filed under: , , , , , , , , , , , , , , , , , , , , , , , ,

Avoid these pitfalls when buying home

Buying a home can be a very complex, and sometimes emotional experience.  Some buyers find themselves getting caught up in the emotional side, and let their heart take over their head.  Here are a few tips from Coldwell Banker on how would-be buyers can stay grounded and avoid some common pitfalls during the home buying process:

 

  • DON’T fall in love with the first house or neighbourhood you see.  That Victorian home with the white-picket fence may win your heart at first glance, but don’t fall in love too fast.  You need to keep an open mind to make sure you find the right fit for all your needs.  At the end of your search, it may turn out that the riverfront ranch that’s closer for your commute is a better bet all-around.

 

  • DON’T buy beyond what you can afford.  It’s easy to fall into that all-you-can-eat attitude, especially if this is your first home purchase.  You “want it all” when it comes to size, amenities, location, etc.  But remember that your eyes may have a larger appetite than your wallet.  Make sure that the down payment, closing costs, monthly expenses and taxes are truly within your income and savings range before you sign on the dotted line.  Your Coldwell Banker sales representative can help you ‘crunch the numbers’ ahead of time, to help you determine what you can comfortably afford.

 

  • DON’T treat your home the way you treat your stock portfolio.  It’s unrealistic and unwise to expect your housing investment will always appreciate as quickly as high-risk stocks or bonds.  Buying for lifestyle reasons, as opposed to trying to turn a quick profit, will help ensure that you are viewing home purchasing and ownership in the right context.

 

  • DON’T try to time the market.  By the time most consumers sense a major real estate or financial market shift, the tables have typically already turned.  Instead of waiting for a slim and unreliable window of time – and potentially missing out on the perfect home – buyers should focus on their own lifestyles and buy when the time is truly right for them.

 

  • DON’T jump into an overly tempting or confusing mortgage.  When it comes to down payments and mortgages, if it sounds too good to be true, it probably is, especially if financing outside of major financial institutions.  Be sure to read carefully through every aspect of the proposed agreements to fully understand your end of the bargain.  Consider getting independent financial advice if you’re unsure of your options.  For instance, what seems like an attractive rate now may increase dramatically a few years down the road. 

 

  • DON’T underestimate the value of a trustworthy real estate agent’s on-the-ground expertise.  While being a savvy buyer and doing one’s homework will help on the road to homeownership, a local expert with years of negotiating experience is invaluable when it comes to scouting out the perfect home – and closing the deal.

 

Want more tips on how to make a smart and savvy real estate purchase?  Contact me at jepstein@terrequity.com or at 416 495 2208

Posted Wednesday, June 09, 2010 12:52 PM by Jordan Epstein | 0 Comments

Filed under: , , , , , , , , , , , , , , , , , , , , , , , ,

Tips for First-Time Home Buyers


For most people, buying a home is the most significant investment they will ever make. Today, with an abundance of homes for sale and interest rates at near historic lows, it may also be the smartest time to buy a home.  While the prospect of owning a home is an exciting one, it can often times seem overwhelming, especially for those who are new to the real estate process.   With that in mind, Coldwell Banker® has come up with some tips for first-time buyers dreaming of homeownership.

Utilize free online tools to arm you with as much knowledge as possible.  For example, the Coldwell Banker YouTube channel, On Location, offers consumers a new way to search for and interact with real estate information and listings.  The channel showcases the power of video to bring real estate more vividly to life – offering behind-the-scenes looks at towns and neighbourhoods, smart tips and timely news on real estate topics, and video listings of homes for sale.  Additionally, the Coldwell Banker Home Price Comparison Index available at http://hpci.coldwellbanker.com offers buyers a way to compare average housing costs in more than 325 U.S. and Canadian markets.  

Take time to access and closely review your credit score.  A sound financial track record and solid credit score can help lock in a loan and lower interest rates.  Checking your records with a fine-tooth comb in advance will also ensure that you catch any errors ahead of time, as well as help you better understand how lenders may perceive you.

Explore mortgage pre-approval.  A pre-approval will let home buyers know where they fall financially while informing the mortgage company that they are ready to buy. Additionally, getting this early go-ahead will help others involved with your purchase know that you are serious about home ownership – and well-qualified.

Line up your “all-star” team of professionals before game day.  A team of experienced professionals is essential to making the home buying process simple and seamless.  Start by interviewing and selecting an agent who you “connect” with.  That agent may also be able to help you indentify suitable lawyers, mortgage lenders, home inspectors and others who play a role in the process.

Anticipate your future needs and buy for lifestyle.  Try to anticipate how long you’ll live in your next home and plan for major lifestyle changes when possible.  What may make a perfect starter home for a couple might not work as well when children come into the picture.  Remember, people move for lifestyle reasons and your first home will likely not be your last.

Hone in on your housing priorities.  Your ideal home may have a porch, a pool and five full baths.  But before you start looking, make sure to separate your “must-haves” from your “nice to haves,” so you know where you can compromise to meet your budget.

 

Posted Monday, June 07, 2010 3:26 PM by Jordan Epstein | 0 Comments

Filed under: , , , , , , , , , , , , , , , , , , , , , , , ,

More Posts Next page »