I have a new listing located at 56 Meadowbook Drive in Kitchener. Lease price $2,000/month This home is nestled on a quiet street in desirable Forest Heights area. Updates include; new cupboards and countertops in kitchen, new granite countertop in main bathroom, newer laminate flooring, newer doors and windows. Features include; stunning hardwood flooring, fireplace, master bedroom with ensuite and more. MLS 1025196 Visit my website www.johnsummers1.com for more information.
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My listing a 134 Lancaster Street East has been reduced to $249,900.
OPEN HOUSE! Saturday, August 29, 2009 from 2:30-4:30 p.m.
360 Whitmore Drive, Waterloo, Ontario
$579,000
MLS #0931817
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OPEN HOUSE! Saturday, August 29, 2009 from 12:00-2:00p.m
134 Lancaster Street East, Kitchener, Ontario
$249,900
MLS #0931219
260 Margaret Ave, Kitchener, Ontario
$209,900
MLS #0934724
I have a new listing located at 319 Bushwood Court in Waterloo. List price $1,600,000. Magnificent executive mansion built by Eric Schule. Located on an exclusive street, with fantastic yard backing onto wooded lot. Approximately 5,200 square feet of unbelievable architectural and interior design. This outstanding 5+1 bedroom, 7 bathroom home features two front entrances.
The main entrance is highlighted with custom crafted double solid wood doors. The large foyer displays a spectacular circular staircase with a breathtaking domed stained glass skylight (imported from Belgium). Marble, Granite and hardwood emphasize the quality of this home throughout the two upper levels.
The fabulous gourmet kitchen was extensively renovated in 2006 creating an impressive atmosphere that exhibits two built-in ovens, both a gas and electric built-in cooktop. Other features include; two kitchen islands, under breakfast bar lighting, built-in desk, and heated ceramic flooring.
The spacious and elegant dining room reveals its stunning cherry hardwood flooring, which can also be found throughout the home. The beautiful living room presents a cozy wood burning fireplace, as does the family room with its delightful double sided fireplace shared by the adjoining sunroom.
The wonderful master bedroom exhibits its own balcony, skylight, two walk-in closets and an enchanting gas fireplace with antique mantel dating back to the 1860's. The extraordinary 6 piece ensuite was recently updated in 2009, some of the amazing features include; two skylights, heated flooring, double sinks, Jacuzzi and steamed shower.
The Bedroom located above garage has a skylight, palladium window and a 3 piece ensuite with a skylight. The Front bedroom features 2 windows and a 4 piece ensuite, the rear bedroom has cheater to 4 piece ensuite with luxury shower, all bedroom closets have lights, most bathrooms recently updated in 2009.
The basement features charming inlaw suite with kitchenette, living room with gas fireplace, bedroom with large window, 3 piece bathroom and sauna. Large rec room with wet bar, 2 custom rooms, 3 storage rooms, updated carpets and ceramics.
Some more unique details throughout this well-designed home as include; 7" baseboards on main level, 5" baseboards on upper level, 9' ceilings in basement, front foyer is marble, most door custom made from solid wood, most hardwood is cherry, butler bar between living room and family room, four fireplaces (2 gas, 2 wood), two stair cases leading to both upper and lower levels, heated flooring in kitchen, dinette, laundry room, and ensuite.
Some other enjoyable features include; large main floor laundry room with loads of cabinetry, 2nd floor office, two high efficiency furnaces, dual central vac system, intercom, security system, high-speed internet, satellite cable and more.
As well this home also has double car garage plus tandem (3 cars), cistern under garage (no pump) front lawn underground water sprinkler system, leafless eaves troughs, 2 level deck, and large shed (10'x10') on concrete slab. Owner must join Upper Beechwood Community Association $333/annually (subject to change). MLS 1017631 Visit my website www.johnsummers1.com for more information.
Clemens Mill / Saginaw, North Galt - We invite everyone to visit our open house at 48-199 Saginaw Parkway on November 21 from 2:00 PM to 4:00 PM. Awesome condo townhome with 2 ensuites, finished basement, garage, party/club house, pool.
Property information
Clemens Mill / Saginaw, North Galt - We invite everyone to visit our open house at 80 Burnett Ave on November 22 from 2:00 PM to 4:00 PM. 4 bedroom all-brick home on a large, fenced lot. Located walking distance to Clemens Mill PS, St Margaret's CS, St Benedicts CHS.
Clemens Mill / Saginaw, North Galt - We invite everyone to visit our open house at 80 Burnett Ave on December 6 from 2:00 PM to 4:00 PM. This all-brick home is ideal for your family and is located within walking distance of Clemmens Mill PS, St. Maragret CS, and St Benedicts HS.
Cambridge is a city located on the Grand River and Speed River in the Region of Waterloo, Ontario, Canada. The city of Cambridge is part of the area known as the tri-cities region which also includes Waterloo and Kitchener, Ontario. Cambridge is considered to be a fine place to live and the city is know for it's rich heritage and beauty. The real estate market in Cambridge thrives in a robust economy and is home to many professional, certified real estate agents. The Ontario MLS includes many top listing of fine homes for sale and has representative realtors within the Cambridge area who can assist the home buyer in making a prudent and informed purchase. Cambridge homes for sale include condos and single family dwellings with acreage and wooded lots. The variety of homes available for purchase ensures that the selection of houses for sale in the Cambridge area will attract many qualified buyers who are in the market to buy a house.
For the housing market consumer, it is important to understand demographic information about the city of Cambridge when considering a home purchase in the city. This information will include such demographics as history, population, median income, schools, job opportunities, and social activities. The decision of whether or not to purchase a home in Cambridge will be affected by these parameters and can make the difference for the real estate agent when brokering a sale of residential real estate in the area. The following information is helpful for all potential buyers in the housing market in the Cambridge, Ontario area:
Cambridge Neighborhoods:
Because Cambridge has three distinct historical business districts surviving from each of its constituent municipalities, it seems more neutral and more convenient to orient people by "the Delta". The Delta is the nickname given to the intersection of Highways 8 and 24 in the industrial zone located where the growing Preston and Galt first came together.
The three boroughs of Cambridge are Galt, Hespeler, and Preston (Blair is part of Preston but is sometimes referred to as its own borough). There are numerous desirable neighborhoods throughout the city such as Woodland Park, Silver Heights, Idywild Estates, Mill Pond in Hespeler, Nantucket Village, Eagle Valley, Riverview in Preston, Clemens Mill Village, Country Club Estates, Upper Country Club, Franklin Pond, Greengate Village, The Village on Cambridge Hill, and St Andrews Estates in Galt. The Toronto area commercial developer "Great Gulf Homes" built their first 32 homes in the Silver Heights area of Hespeler. They have expanded outside of the Greater Toronto Area to places such as Guelph and Niagara Falls so its possible they may return to Cambridge again.
Cambridge, Ontario: Industry and Job Opportunities for Home Buyers
Cambridge has a rich history in industrial development dating back to the 1800's. Planned industrial building lots were marketed as early as the mid 1800's and established the cornerstone for the momentum in industrial development that exists today.
In recent decades, through the efforts of the Economic Development Division, the City has developed and marketed modern industrial parks to a diverse range
The Cambridge Business Community consists of approximately 6,764 businesses of which approximately 561 are manufacturing businesses. Small business continues to dominate the Cambridge landscape, with 63% of firms having 1 to 9 employees. Commercial and retail business activity has traditionally been localized in the commercial core areas of Galt, Preston and Hespeler. The Galt City Centre Area, the Preston Towne Centre and the Hespeler Village commercial nodes provide shopping, business, professional, and government services, churches and housing.
The Hespeler Road (Highway 24) Commercial District has emerged as the dominant retail node. The Hespeler Road Commercial District is the location of the Cambridge Centre, which is the largest enclosed shopping mall in the City; in addition to the Cambridge Centre, developments along Hespeler Road include several open plazas, free standing national fast food restaurants, free standing bank branches and several automobile dealerships.
Although the Hespeler Road Commercial District is the dominant retail node, City Council has adopted policies for the revitalization of the three traditional downtown core areas to retain existing businesses and attract new retail and commercial development to the Core Areas. Each of the core areas is recognized as a Business Improvement Area (BIA).
The Cambridge Business Park, is a City-developed industrial park, and consists of 850 acres and is situated north of Highway #401 and next to the 400-acre Toyota Motor Manufacturing Canada assembly plant. Its strength lies in its quick access to Highway #401 and its central location to a large regional commuter-shed. The L. G. Lovell Industrial Park, south of Highway #401, consists of 1,300 acres of land. There are a number of industrial buildings for sale or lease. The area has quick Highway #401 access from Highway 24 and Townline Road exits. The Eastern Industrial Park, a built-up 300-acre industrial park to the interior of the City, still accommodates a range of industries from “heavy” to “high tech” that make an enormous contribution to the City’s economic base.
Cambridge Demographics:
Cambridge has been characterized by rapid growth in recent years. According to the 2006 Census, the city has a population of 120,371. This represents an increase of 9.1 percent, or 10,000 people, in five years. The municipality is 112.86 square kilometers in size (43.58 square miles). According to recent Economic Development estimates, the population of Cambridge for 2009 is 126,000, and the projected population for 2031 is 180,000.
According to the most recent figures, Cambridge is overwhelmingly populated by people of a European ethnic background - 90.2%, mostly those of English (31,400), Scottish (20,625), Irish (19,040), German (14,110), Portuguese (10,685) and French (10,040) origins[6]. Many Newfoundlanders (mostly from the Conception Bay and Bell Island area) have migrated to Cambridge, mostly due to the closure of the iron ore mines on Bell Island. There is also a significant Franco-Ontarian population in Cambridge.
The city is largely Christian at 80.2%, followed by non-religious people who number 15%. Muslims and Hindus and other faiths make a little over 5% of the population. Over the last few years the numbers of Indians, Pakistanis and Afghanis moving in from other urban areas or immigrating from their respective countries, has doubled and tripled. Cambridge is also much younger than the national average. 21.6% of the population are under 14 years of age. Only 11% of the population is over 65, resulting in an average age of 35.2, significantly lower than the national average.
Cambridge Real Estate - Homes For Sale:
The overall real estate environment in Cambridge, Ontario is attractive to both private buyers and real estate investors. The fundamental principals that guide the market and produce sustainable growth can be assessed and measured by the direct relation of growth to population ratios. With the development of private property ownership, real estate has become a major area of business. Purchasing real estate requires a significant investment, and each parcel of land has unique characteristics, so the real estate industry in Cambridge has evolved into several distinct fields. This is fundamental and applies not only to Cambridge, Ontario and the tri-cities area, but also to the real estate market as a whole. As in every real estate market, specialists are called on to valuate real estate and facilitate transactions in the Cambridge, Ontario area. Among the transactions among real estate businesses in the Cambridge, Ontario area are the following:
Within each sector of the real estate market in Cambridge, a broker, agent, or business may specialize in a particular type of real estate, such as residential, commercial, or industrial property. In addition, almost all construction business effectively has a connection to real estate. There are top real estate agents and brokers standing by in the Cambridge, Ontario market to assist all buyers with the acquisition of properties both commercial and residential. It is important for the consumer to understand some basic information about real estate in general in order to make an educated transaction in the Cambridge, Ontario real estate markets. It is important to understand fundamentals regarding residential real estate, market sector values, and mortgages.
General residential real estate fundamentals (these apply to the market in general and particularly the Cambridge, Ontario market):
The legal arrangement for the right to occupy a dwelling is known as the housing tenure. Types of housing tenure include owner occupancy, Tenancy, housing cooperative, condominiums, public housing, and co-housing. Residences can be classified by if and how they are connected to neighboring residences and land. Different types of housing tenure can be used for the same physical type. For example, connected residents might be owned by a single entity and leased out, or owned separately with an agreement covering the relationship between units and common areas and concerns.
Major physical categories in the Cambridge, Ontario market include:
The size of an apartment or house can be described in square feet. In the Cambridge, Ontario market this includes the area of "living space", excluding the garage and other non-living spaces. It can also be described more roughly by the number of rooms. A studio apartment has a single bedroom with no living room. A one-bedroom apartment has a living or dining room, separate from the bedroom. Two bedroom, three bedroom, and larger units are also common.
Cambridge, Ontario real estate market sector values:
Mortgages in the Cambridge, Ontario real estate market:
Currently the mortgage and lending markets in the Cambridge, Ontario and tri-cities areas are strong and vibrant. The banking industry as well as government lending institutions are making capital available for the purchase of residential properties. As a progressive city, Cambridge, Ontario encourages smart growth and supports the development of environmentally friendly expansion. As a result of the "smart-growth" approach, lending institutions are viable and strong and mortgages are available to qualifying consumers and developers who need capital to keep pace with the demand for mortgages and credit.
In order to make an educated decision in the acquisition of funding (mortgages) it is important to understand fundamentals associated with mortgages in general. The following guidelines apply to mortgages in the Cambridge, Ontario area as well as mortgages in general. The following information is posted in order to familiarize the consumer with the process and fundamentals of what a mortgage really is:
A mortgage is the transfer of an interest in property to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or a property of real estate) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower. In most jurisdictions mortgages are strongly associated with loans secured on real estate rather than on other property (such as a vehicle or airplane) and in some jurisdictions only land may be mortgaged. A mortgage is the standard method by which individuals and businesses can purchase real estate without the need to pay the full value immediately from their own resources. The cost to the borrower is measured by the annual percentage rate (APR), which is an effective annual rate of interest and fees paid by the borrower.
Advice for potential home buyers in the Cambridge, Ontario real estate market:
If you are a potential home buyer in the Cambridge, Ontario housing market, you would be well served to contact a certified real estate professional in the Cambridge area. There are many qualified real estate brokers and agents who are standing by to assist you with your next home purchase. The local real estate agents have premium residential listings that include homes for sale with or without wooded lots and/or acreage. If you are looking for a single family home with easy access to public and private schools, major highways, commercial and industrial parks, and cultural events the real estate agents and brokers in Cambridge can help. Review the listings of homes provided below and contact the appropriate agent to inquire about the availability of the specific property.
The preceding listings, agents, brokers and related real estate agencies will provide valuable resources when purchasing a home in Cambridge, Ontario, Canada.
Cambridge, Ontario: Preferred Brokers
Jim Tristram: Broker of Record /Owner
Pat Tristram: Broker/Owner
