SOLD - Corner Building with Parking in Trendy Jones Ave Pocket.

East facing, sun kissed, corner property located in trendy Jones Pocket right in between two nearby Starbucks locations. 

Residentially zoned, excellent opportunity for purchaser to design single family home according to personal aesthetic taste. 
Backyard is prime for garden and large, summer, entertainers deck.

Main floor once operated as a variety store with many potential uses subject to rezoning. 
2nd floor residential tenant currently pays $1028/month. Large rear deck on second floor. 

Walkout to backyard and parking from main floor. Finished basement with high ceilings. 90 Walk Score/go to Walkscore.com. 

Minutes to prime Danforth Ave retail, eateries and Withrow Park. Minutes to Pape Subway, Dvp & Gardiner Exp Way. Short walk to Gerrard Ave, Queen St East, Leslieville & Riverside. 

Many opportunities await the purchaser of this lovely property. Location, location, location!

For more information on this property or to book a showing call me.

For more information on this listing or to book a showing call me.
Jimmy Vlachos
416-953-0781
Royal LePage Signature

5 UNITS LEASED - 1 Bedroom $1550 Monthly

Prime Danforth Location. Contemporary Styled, Brand New Building, Never Occupied, First Time Offered For Lease.
Large 1 Bedroom apartment with En suite Laundry, Individually Metered Gas, Water, Electricity.  Minutes To TTC, DVP, Gardiner Exp, Pharmacies, Supermarkets, Shopping and World Class Restaurants.  Within Frankland, Earl Grey, & Riverdale School District. Units Insulated Using Resilient Channeling & Roxul Insulation. Ready To Move In & Enjoy.
2 Bachelor & 3 One Bedroom Units Available.
Hardwood floors throughout, Granite Counters, Carrera Marble backsplash, Built-In Stainless Steel Fridge, Stove, Dish Washer. All with Ensuit Laundry, Modern 4 Piece Baths, Large Closets, Pot Lights. Intercom Connects to Cell Phone.



LEASED - Stunning Apartment, Prime Danforth/Riverdale - $1325/Month

Prime Danforth Location. Contemporary Styled, High Ceiling, Large, Brand New Apartment, Brand New Built-In Stainless Steel Appliances, Chopper Block Counter, En Suite Laundry, Modern Marble Bathroom, Utilities & Parking Included. Large Bedroom & Closet. Minutes To Ttc, Dvp, Gardiner Exp, Pharmacies, Supermarkets, Shopping & World Class Restaurants. Within Frankland, Earl Grey, & Riverdale School District. No Pets No Smoking. Parking available 100/month. Parking and Property monitored by video camera.

 

SOLD (Purchasing Agent) $810,000 - Trendy Bloor West Modern Custom Reno

After a month and a half of multiple offers, 19 people showing up to compete for the same home  (162 Fern Ave in Roncesvalles), purchase prices $150000 over asking, all before Christmas shopping started, my clients were showing signs of fatigue.

Market fatigue sets in when bidding wars are the norm.  It's like PTSD for purchasers and it's no joke.  When hundreds of thousands of dollars are on the line the last thing you want to do is add stress, exhaustion, and  feelings of hopelessness to an already emotionally fueled decision. 

Luckily, my clients Danielle and Greg are champions and with just a few days rest over the Christmas holidays were able to rebound and refocus. 

We found this lovely home which had been sitting on the market for over 30 days during Toronto's first major snow storm.  It was just before Christmas. The asking price had recently been reduced by 30k  and our preliminary discussions with the listing agent suggested the seller were sticking to their guns on the new price. 

The odds of a home selling during the last 2 weeks of the year, especially one that has been sitting around for awhile are next to nil. It's also highly unlikely that anything is going to move the first week back from holidays as everyone is in a mad scramble to fill gym memberships and organize for 2014.  We decided to let the sellers sit for a time and re-consider the value of their home while we took a much needed break for turkey and wine.

The magnitude of the renovations on this property are incredible...  from the hand made, extra large wood planks milled for the floor, to the most money I've ever seen spent on residential light fixtures in a home under 1 Million Dollars, you couldn't help but feel like you walked into a magazine.

It's important to address issues as they arise.  Based on my conversations with the listing agent I didn't believe we were going to get everything I was asking for in the offer (staging furniture, art, price point etc..) BUT... you only have one chance to ask and if you wish to avoid regret it's best to use the negotiation period to ask for what you want!

After a lot of  negotiating and some ruffled feathers we managed to settle on a price and closing date that suited both parties.  A home inspection revealed some minor "upkeep" work that the sellers were willing to take care of prior to closing. 

Both parties are happy with the way things turned out and I'm certainly looking forward to the awesome parties that are sure to take place in this swanky new pad. 

If you need help Buying or Selling a home give me a call.  I'd be happy to help protect your interests.

Jimmy Vlachos - Income Properties - 416-953-0781

SOLD 98% OF ASKING PRICE. Beautiful Reno, 3+1 Bedrooms, 3 Baths, 2000 Square Feet $499900 - Yonge St & Clark Ave

Beautiful, Fully Renovated 2000 Sf, 3 Plus Br, Gated Community Townhome. 24 Hrs Security. 30K Professional Renovation, New Hardwood & Broadloom Throughout, New Elfs, Entire Home Freshly Painted, Main Floor Total Reno From Baseboards To Kitchen - No Detail Overlooked. Finished Basement Perfect For Theater Or Additional Br. Close To Top Rated Thornhill Secondary Sch, Yonge Transit, Library, Rec Center & Places Of Worship All Just Steps From Yonge St.

Improvements Include Brand New Hardwood Floors & Broadloom. Freshly Painted. Brand New Stainless Steel General Electric Fridge & Electric Range, Hood, Bosch D/W, Double S.S Sink, Granite Counter Top, Glass B/S, Refinished Kitchen Cabinets. Existing Maytag W/D. 1 Underground Parking Space.

 

 

 

 

 

 

 

 

 

 

 

 

Fore more information or to book a showing contact

Jimmy Vlachos at Core Realty Group Inc., Brokerge 416-406-0000

LEASED $1147/Month Logan and Danforth Apartment

Brand New, Modern, 1 Bedroom Basement Apt Steps From Withrow Park. Private Entrance, Bbq Area And Patio Space, Hardwood Floors, Granite Kitchen Counters, Stainless Steel Appliances, Exposed Brick Wall, En Suite Washer/Dryer, 4 Piece Marble Bath. Steps To Danforth Ave & Queen East, Shopping, Restaurants, Pharmacies, Supermarkets, Gyms, Bloor Subway Line, Dvp, And Gardiner Exp. Excellent Landlord Move In And Enjoy. No Pets, No Smokers Due To Allergies. Shows Perfect 10. Great Landlord. Tenant Pays 27% Of Hydro Approx $75/Month. For More Information Contact: Jimmy Vlachos - Core Realty Group Inc., Brokerage - 416-406-0000

SOLD 99.25% of asking price - Beautiful 4 Bedroom/4 Bathroom Home

Stunning 4+1 bedroom/4 bath  home in desirable Barton Farms, Uxbridge ON. Fully renovated by a true professional.

Stainless steel  kitchen appliances, granite counter tops, stainless steel  tile back splash, with  breakfast area over looking the yard.



Premium wide plank  hardwood floor throughout.

Master bedroom features W/O to private deck with Hot Tub, W/I Closet and ensuite master bath straight out of a magazine.

4th bedroom was converted into a open concept dressing room combined with master bedroom. Built-in cabinetry  and vanity included.
The owner is willing to convert the dressing room back into the 4th bedroom if so desired by the purchaser.

Brand new, high end, finished basement with Theater room wired for surround sound with French door leading to office space, large games/family room,  bedroom with double closet sliding doors, 2 piece powder room, and a work shop.
Theater room can easily be used as an additional bedroom with a large walk in closet if desired.
The basement is finished in premium laminate flooring, pot lights, wall sconces,  a dark stain French doors.   

44 Barton Lane is walking distance to area schools, downtown shops and eateries and snowmobile trails.

For a list of chattels included with the sale of the property, room dimensions and general information contact:

Jimmy Vlachos
Core Realty Group Inc., Brokerage
416-953-0781   

LEASED OVER ASKING: $1700/month 1 Bed Plus Den, Parking & Locker

 

Located In The Heart Of The City, 1 Bedroom Plus Den With Parking, Locker & Balcony. Floor To Ceiling Windows, 13 Ft Ceilings. Walking Distance To Financial Core, CN Tower, Rogers Center, King & Queen West Eateries, Boutiques And Galleries. 30000 SF Athletic Facility Includes Spa, Bowling Alley, Pool, Weight Room And More. TTC And Gardiner Expressway Access. Freshly Painted. Move In And Enjoy Having The City At Your Fingertips.

Parking And Locker Included. 5 Appliances, Ensuite Washer & Dryer, Window Coverings Included. Sofa Included If Desired. Hardwood Floors In Living Area, Granit Counters In The Kitchen & Bathrooms.           For more information contact Jimmy Vlachos 416-406-0000

ADDING VALUE AND DEMAND THROUGH RENOVATIONS - SOLD 97% of asking price,110% OF PRE RENO EVALUATION

This deal was a doozy.  When I first saw this unit it was in desperate need of renovation in order to freshen the space after years of operating as a rental unit.  It is important keep a little rental income aside to handle renovation costs when it comes time to sell. 

Unfortunately due to all the new developments in Toronto, condos that were built only 5 or 10 years ago look old and dated.  Each new condo development uses the latest finishing materials and color trends.  Every new development sales center is styled with the latest and greatest to attract new buyers in a very competitive market.  Not all trends stand the test of time and materials that were once sought after become tacky or look cheap. 

It is important to repair the wear and tear an income property goes through and replace old and dated materials with something new and fresh.  When my clients budget allows I like to focus on using classic materials like Carrera marble, flat panel or shaker door fronts, clean, sleek hardware, and good'ole white paint.  Classic materials stand the test of time and while premium martials cost more upfront they also add to the desirability and inevitably the sale price of your property.

The renovation cost $9000.00 including labor and material.  My clients had budgeted for renovations  but even had they not we easily could have secured an equity loan from their mortgage to do the work.  Prior to the renovation I estimated the value  of  the 2 bedroom, 2 bathroom, 1 parking space waterfront condo between $429 to 439000.00  After the Reno we decided to list the unit at $489900.  

After a few weeks on the MLS I was able to secure a purchase price of $475000.00 which is $35-45000 above the initial valuation.

For every dollar my clients spent on renovations they received $4.45 in return, that's a 225% return on investment. A little paint, new carpet, new cabinet doors and hardware, and less than 100 Square Feet of premium finishing materials added 10% to the overall sale price.

It was not easy, and it didn't happen overnight but most Canadians work a lot longer than 3 weeks to earn $310000.

The moral of the story is income properties can fatten your pockets not only while you hold them but while they're on the way out of your portfolio as well.  Every penny counts and with the proper agent by your side even a little can go a long way. 

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Jimmy Vlachos - Core Realty Group Inc., Brokerage - 416 953 0781