This past Friday Alexjwilson.com ventured up to Collingwood and enjoyed some R and R at the Scandinavian Spa's of Blue Mountain. After 10 minutes in he was a little worried because he didn't know how he could stay 'quiet' for an entire day but after 'embracing' the 'will' and 'atmosphere' of the spa he thoroughly enjoyed his day. If you are looking for a recharge we highly recommend you go check out the Scandinavian Spa.
If you go and end up loving it so much and want to own your own piece of heaven up in Blue Mountain/Collingwood area be sure to visit friends of Alexjwilson.com Bill and Colleen Flynn.
This section will focus on upcoming events being hosted and sponsored by Alexjwilson.com:
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2013 Holiday/ Charity Party
8 Gladstone (Queen & Gladstone)
It's the big party this week:
Join Alexjwilson.com and friends for the Holiday Charity Party 2013. You get to enjoy an incredible night out on Alexjwilson.com's tab with an open bar, crepes from Treeline, DJ and the best people in Toronto.
We have set a goal of $5,000.00 to raise for the Red Door Shelter over the holidays. Alexjwilson.com helps people find roofs to put over their heads - The Red Door Shelter actually puts roofs over peoples heads in time of need. This is a very important charity that is making differences in people's lives at the ground level.
Date: Friday December 6th
Time: 8:00 pm - 1:00 am
Location: 8 Gladstone
We are looking forward to seeing everyone out!
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Happy Hour Monthly Social
The Thirsty Thursday
Date: Every third Thursday of the month (Dec 19 this month)
Time: 6-8pm
Location: Bar Wellington, 520 Wellington St W.
It seems the older we get the busier we get - therefore Alexjwilson.com wanted to dedicate 1 night a month that people can circle in their calendars and make it a priority to come. Alexjwilson.com is all about community so come out and re-connect with old friends - make some new ones - and share what is new in our lives.
New Development
Alex's gift to you: The best investment of the year:
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Taylor Leslieville
By Streetcar Development
Alex has this new development project that a very few select Realtors were invited to participate in. This is the BEST PRICING he has seen on a development that he has been offered this year - the prices are below current market values and the units are cashflow positive.
Alex recommends this as a STRONG BUY.
The location is in the heart of Leslieville - one of the hottest areas for real estate over the last 5 years. As per The Globe and Mail Leslieville is one of Toronto's Prime Real Estate Pockets- an area protected from bubbles: Link Here
The builder is Streetcar - Toronto's top midrise developer. Last year around this time they launched the Carnaby in West Queen West that offered similar value. I sold 15 units in that project (including one I bought myself).
Here is a video he has done on the project - so you can get an appreciation of what the area has to offer:
Now what makes this development REALLY ATTRACTIVE - is that pricing is BELOW market value - pricing ranges between $471.00 - 520.00 per. ft. (Yes as low as $471.00 a ft.) Going rate in the area is $550.00 - $565.00 per ft. This offers tremendous value. One bedrooms start at $274,900.00 and two bedrooms start at $354,900.00.
The Numbers:
Cashflow:
The two bedroom units without a parking space would rent for $1950.00 per month. Here are comparable rental value for units across the street at 319 Carlaw and 1201 Dundas Queen Street West: Link Here
Offer
$354,900.00
Loan Amount
$283,920
Downpayment
20%
Annual Interest Rate
2.89%
Payments Per Year
12
Rate Per Period
0.002408333
Number of Years
30
Total Number of Payments
360
CMHC Premium
$0
Payments
$1,180.24
Price
Down-payment
Monthly Mortgage Payment
Approx. Property Tax Cost
Fees
Total Monthly Payments
$354,900.00
$70,980.00
$1,180.24
$251.39
$355.00
$1,786.63
Rental Rate
Cashflow
Principle Payback
Cashflow Per Month Including Principle
$1,950
$163.37
$503.10
$666.47
The monthly cash-flow would be $163.37 and the monthly cash-flow including principle would be $666.47.
Current Market Value and Appreciation:
The purchase price on a two bedroom 710 sqr. ft. unit is $354,900.00. The current market value of the unit is $410,000.00 looking at comparable sales in the building across the street that have sold: Link Here
(Note we adjusted the price by $20,000.00 which we subtracted from the sales price to adjust for terrace).
Therefore if we look at a conservative appreciation rate of 3% per month in 2018 this will be the value:
Original Purchase Price
$354,900.00
Current Market Value
$410,000.00
Appreciation Rate
3%
2014
$422,300.00
2015
$434,969.00
2016
$448,018.07
2017
$461,458.61
2018
$475,302.37
Therefore based on these estimates the value of the condo in 2018 would be $475,302.37 - an increase over the purchase price of $120,402.00.
Note: 3% is an approximation.
Alex Wilson's Listing
Alex Wilson's Listings
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215 Sherway Gardens Road, Unit 511
1 Bedroom plus 1, 1 Bathroom
This Is A Brand New Unit . With Access To The Ttc Steps From Your Home And One Of Canada?s Most Luxurious Malls, Sherway Gardens, In Your Backyard. The Living Rooms And Dining Have Hardwood Floors, Upgraded Kitchen Cupboards, Completely Private Terrace In This Corner Unit.
Fridge, Stove, Washer, Dryer, Dishwasher, Microwave, Window Coverings37Cable, Telephone And Internet Are Free For The First 6 Months
Your Home On The Water. This Two Storey Penthouse Offers Over 1800 Sqr. Ft. Over Two Levels. The Unit Feels Like A House Instead Of A Condo. 10 Ft. Ceilings On 1st Floor And 9 Ft. On 2nd. 2nd Floor Also Has A Separate Entrance. 4 Balcony Spaces Which Include - Gas Line, Water Line, And A View Of Lake Ontario And Downtown Toronto. Corner Unit For Privacy. Located On The Water This Area Offers Access To Martin Goodman Trail For Walking, Biking And Running.
Unit Features:
Wine Fridge, Gas Line For Bbq, Water Line On Balcony, All Appliances, Elfs, W/C, Exclusive Penthouse Parking (Separate Area) With Built In Locker. Den Could Be 3rd Bedroom. 2 Additional Parking Spaces Available For Purchase ($30,000.00 each or $55,000.00 for both).
Amenities:
Indoor And Hot Tub, Gym, Steam Rooms, Dining Room, Party Room, Theatre Room, Spa Facility, Games Room, Concierge
Rare 2 Bedroom 1 Bathroom at Boutique Condos. Both Bedrooms have windows. Ideal for professional working on Bay Street or Students. Scoring a 100 Walk score, you are only a block away from the University Subway line and the Financial district/ Path system. You are also walking distance to UofT and the hospital district. Some of the best shopping in the city along queen street which is one block North.
Amenities:
24Hr Concierge, Boutique Club W/ Rooftop Lounge, Plunge Pool, Private Cabanas, Outdoor Fire Pits, Dining Tables, Outdoor Bar And Gas Bbq, Gym, Yoga Studio, Steam Room.
Team Alexjwilson.com has one member that is a rockstar in this own right. Last year he graced the cover of Toronto Life as the Top Christmas Gift for 2012 - therefore since it is the first week of December we thought we would go back to his days as a puppy and watch the video where Rammy makes his first appearance on Alexjwilson.com videos:
Making your Pet dreams come true
(PS Here is the Toronto Life Article that features the Ganaraskin as the Top Christmas gift of 2012: Link Here)
