JUST SOLD! 716 KINGSTON RD #101
Staged and sold over asking in 6 days! Congratulations to our seller client and to the new buyer!
Situated in a delightful boutique condo complex, this spacious one bedroom residence features an updated kitchen and open concept living and dining rooms. The private south facing patio adds abundant natural light to the main living space. Ensuite laundry, parking and a large locker included! Easy TTC access and excellent shops and restaurants within walking distance!
JUST LISTED! 716 Kingston Road #101
Situated in a delightful boutique condo complex that is meticulously maintained, unit 101 is a spacious one bedroom condo with an updated kitchen and stylish finishes. Located on the main level it is ideal for those wishing to avoid elevators and stairs. The south facing patio is perfect for plants and adds abundant natural light to the main living area. There is also ensuite laundry, private parking, plenty of visitor parking, a large locker and a nicely maintained entranceway to the complex.
The added conveniences in the area are outstanding with easy TTC access, excellent shopping close at hand including The Big Carrot, an easy walk to a multitude of shops and restaurants along Kingston Road and a 15-minute walk to Queen Street East and the Boardwalk. The Glen Stewart Ravine is close at hand for a leisurely stroll and the new YMCA which is set to open later this year is conveniently located a few blocks away.
A cozy home in a perfect location.
1 Bedroom
1 Washroom
1 Parking Space & 1 Locker
598 sq ft
$ 379,000
More Photos & Info: www.716Kingston.com
Pros and cons of renting vs. buying a water heater
Buying a water heater may pay off over the years, but Ontario homeowners have, traditionally, preferred to rent.
In Ontario most homeowners rent a water heater, but in Alberta virtually nobody does.
It’s hard to explain the difference other than habit. Whether one or the other is a better deal depends on how you look at it. In straight cost terms, over time buying is a better deal. When you factor in convenience and hassle-free service for many people renting may be worth the extra cost.
The cost of renting in Ontario is between $13 and $26 a month from Direct Energy or Reliance Home Comfort depending on the size of the heater. You don’t have to worry about maintenance or replacement. When you buy you’re on the hook for any issues that arise after the warranty expires.
The heaters cost between $800 to $1,200 depending on the size, plus $300 to $400 to have them installed. Since a typical heater lasts about 15 years, owning trumps renting after six or seven years, assuming no maintenance is required over that time.
Warren Healy, president of the Heating, Refrigeration and Air Conditioning Institute of Canada (HRAI), says it’s important to read and understand the contract before you rent because it can be long and sometimes difficult to understand.
“Take the time to read through the document, have a friend or neighbour read it, and ask questions to ensure you understand what you are signing,” he said.
CMHC to Increase Mortgage Insurance Premiums
Following the annual review of its insurance products and capital requirements, CMHC will increase its mortgage loan insurance premiums for homeowner and 1 – 4 unit rental properties effective May 1, 2014.
The increase applies to mortgage loan insurance premiums for owner occupied, self-employed and 1-to-4 unit rental properties, including low-ratio refinance premiums. This does not apply to mortgages currently insured by CMHC.
