27 02, 2018

JUST LISTED! 110 Jones Avenue – Leslieville

Just Listed for Sale!
Welcome to 110 Jones Avenue, Toronto, Ontario M4M 2Z8

110 Jones Avenue Leslieville Toronto

This wonderful home is situated in the heart of Leslieville and features 2 separate units with amazing income potential! Steps to great restaurants, transit, parks, and everything that Leslieville has to offer. This home has it all, and is only a short trip to downtown Toronto.

The impressive 3 bedroom, 2 bathroom main unit is well appointed and has plenty of functional space to live and entertain. The main floor provides an open concept layout as well as an eat-in kitchen and a walk out to a newly built back deck to enjoy the afternoon sun. The second floor features 3 bright and spacious bedrooms, including a large master with a bay window and ample closet space. This floor also has a lovely 4 piece bathroom. Plenty of windows and a hallway skylight provide an open and airy feel.

The charming 1 bedroom, 1 bathroom lower unit features a practical living space and offers sizable rooms and a walk out to the back yard to enjoy year round.

This functional turn-key property is perfect for any investor or for anyone looking to supplement their mortgage payments. Live in one unit and rent out the other or rent them both out to maximize your cash flow.

Offered at: $749,000
More info & photos: 110jones.com

21 02, 2018

We support SickKids and their new hospital campaign

We donate a portion of every one of our transactions to the Children’s Miracle Network, which directly supports SickKids hospital in Toronto.


Late last year, SickKids Foundation announced the SickKids VS Limits campaign with a fundraising goal of $1.3 billion, the largest in Canadian health care history.

In anticipation of the public launch, $570 million in donations and pledges had been secured through philanthropy. This includes support from corporate partners, community organizations, events, individuals and families, reflecting the full breadth of the donor community.

The VS Limits fundraising campaign supports three key elements: re-imagining the campus, including building a new patient care centre on University Avenue ($600 million); continuing breakthrough paediatric health research ($600 million); and establishing partnerships for better, coordinated patient care ($100 million). The campaign period is anticipated to run through to March 31, 2022, just shy of five years from now.

When The Hospital for Sick Children (SickKids) was built at 555 University Avenue in 1949, it was the largest children’s hospital in the world. Some 87,000 donors contributed to the capital campaign and 85,000 Torontonians lined up for pre-opening tours – that’s more than four times the capacity of the Air Canada Centre. The hospital expanded in 1993, nearly 25 years ago, with the opening of the Atrium building at 170 Elizabeth Street.

Medical treatments and technology have come a long way since the 1940s or even the 1990s, making it more important than ever before for the hospital to evolve to fully realize the possibilities in children’s health. The vision for a hospital of the future includes state-of-the-art technology, facilities designed to enable the latest advances in clinical procedures, optimal patient safety and infection control, and best practices in family-centred care. In short, in order for SickKids to remain a world-leader in paediatric health, the time to realize a fully redeveloped campus is now.

“This is a once in a lifetime opportunity to change the future of children’s health. The people of Toronto and beyond have done it before and we are poised to do it again.”

A Campaign Cabinet, comprised of 68 individual business and community leaders, will serve in a volunteer capacity to help lead the charge on achieving the ambitious fundraising goal. The Cabinet is led by three volunteer Co-Chairs – Katie Taylor, current Chair of the SickKids Foundation Board of Directors; and John Francis and Patsy Anderson, the Foundation’s two immediate past Board Chairs.

To date, 110 Catalyst Donors have pledged their commitment of $1 million or more in support of the campaign to help build momentum for the bold undertaking. These include individuals and families, corporations, community organizations and events held on behalf of SickKids, all of whom were celebrated at the campaign launch event held today.

SickKids VS: All In

SickKids VS: All In video, a 2-minute rallying cry to the community asking everyone to join in and support the campaign to build a new hospital. The spot features 200 SickKids patient ambassadors and their siblings and was filmed in various locations throughout the city.

Its broadcast debut is on Saturday, October 28 during the Toronto Maple Leafs home game. The fully integrated marketing campaign is supported with a media buy, including TV, print, out-of-home, digital and social media. Out-of-home includes branded TTC streetcars, wild postings, murals, projections and stencils on 75 outdoor walls throughout the Greater Toronto Area, most of which have been donated to SickKids by the building owners.

Credit for the concept goes to Cossette, the agency of record for SickKids. The TV spot was directed by Mark Zibert of Skin and Bones, with music handled by SNDWRx. Media planning and buying was managed by OMD.

Click here to donate. Join us.

Source: campaign build new hospital

17 01, 2018

Condo fees in Toronto rose only 2.5 per cent in 2017

It’s big and it’s real — condo buyers’ and residents’ fear of escalating monthly maintenance fees.

But a study by Condos.ca shows condo fees in Toronto rose only 2.5 per cent last year over 2016. The average maintenance cost on a 594 sq. ft., one-bedroom apartment was $386.60.

That compares to an annual increase in both 2016 and 2015 of about 4 per cent.

Toronto Condo

Condos.ca found that the average fee among 984 buildings last year was 65 cents per sq. ft. That equates to $628.02 a month on a 956 sq. ft. two-bedroom unit and $881.20 a month on a 1,354 sq. ft., three-bedroom apartment.

Those averages don’t include parking or storage lockers, which would up the monthly cost by $46.22 and $15.15 a month, respectively, says the study.

Buildings that included water, heat, hydro and air conditioning in their fees averaged 69 cents per sq. ft. Those without the utilities had a 37 cents per sq. ft. average fee.

“If you’re paying for these elements separately, the total monthly costs could be much higher than if they were included in the maintenance fees,” says the report.

Last year’s lower increase is probably due to the number of new condos on the market. Newer buildings tend to have lower fees, says Andrew Harrild, company co-founder. (Pre-construction condos were not included in the study.)

It doesn’t reduce the dread he hears every day from buyers who don’t want to pay that monthly fee.

“After your mortgage, it’s typically your next biggest expense. It’s a big issue,” he said.

But it doesn’t need to be scary.

“When done right (the fees) are definitely an important part of a healthy condo building. They’re an important part of ensuring your asset is going to grow in value in time,” said Harrild.

“There are some great buildings out there that have been around for 20 or 30 years and still have maintenance fees under control,” he said.

The maintenance costs should rise annually at about the rate of inflation, but they should also reflect the true cost of operating and maintaining a building.

A lot of buyers look for lower maintenance fees so they can allocate more of their budget to their mortgage. But in some cases the cost of a unit may be discounted because the maintenance fees are higher.

“Buildings with higher maintenance fees don’t often sell for the same price per square foot. You have to do the math,” said Harrild.

The average price of a new construction condo in the Toronto area last year rose 42.6 per cent to $702,992, from $493,137 at the end of 2016, according to the Building Industry and Land Development Association (BILD).

The province also introduced new rules last year that require condo board members to take online training in areas such as avoiding conflicts of interest in purchasing decisions. Ontario also launched a new online tribunal to deal with condo disputes and new rules around mandatory meeting notices, voting and disclosures.

Those changes were expected to add $12 a year to the fees per condo unit, the government said in July.

Harrild advises buyers to always bear in mind the true cost of operating the building.

Good condo managers will make sure the reserve is healthy enough to fund major repairs so that residents aren’t hit with expensive special assessments down the line.

Sometimes condo boards will opt for higher fees for the first few years of a building’s life to build up a healthy reserve fund and then they will be able to reduce the costs for unit owners. The Toy Factory Lofts decreased fees 30 per cent between 2011 and 2012. Success Tower, reduced its fees 13 per cent from 2015 to 2016 and Minto 775 saw a drop of 19 per cent between 2015 and 2017.

At the Toy Factory, the board went through every line of the budget and cut costs wherever possible, right down to more energy efficient lighting and lowering the thermostat a couple of degrees in common areas where possible, said Harrild.

Size of building can matter too, when it comes to condo fees. If two buildings have a similar footprint, repairing the roof will likely cost about the same whether one has 40 or 14 storeys.

But the cost of repairing and maintaining common elements indoors can be distributed among more residents if there are more units. At the same time, those common features are probably going to experience more wear and tear in a bigger building simply because more people are using them.

source: toronto condo maintenance fees

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