Real Estate Insider: September 2018 News Report

Welcome back, Real Estate Insiders! This month we have a solid list of topics ranging from finding the perfect tenant to the latest craze of remodelling. We hope you have a cup of coffee and are ready for some of the most informative reads we've ever found. Enjoy!

Title insurance is a closing cost that everyone seems to question, but do you really need it? Well the short answer... is YES! Read how title insurance can save you from financial and personal stress.

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While not everyone might know what “Sequence Risk” is, it affects everyone the same. This is why you need to eliminate as much sequence risk as possible! Real Estate is a great way to significantly reduce this risk and this article explains why.

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Are you buying a new home or condo? Make sure to be caught up on the HST rebate rules so you don’t miss out on huge savings!

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True or False: Windsor is the most affordable city to buy a house in all of Canada. Find out the answer here!

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Remodelling is a rising trend among homeowners that doesn’t seem to be slowing down! But there are negative effects not shown on HGTV. Read them here.

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Cannabis is being legalized in less a month! Here are 5 things you should know now to stay informed.

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In trial separations it is sometimes unclear how the real estate is going to be divided among the family. This article can help with that part!

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Making sure you have good Tenants can make or break a rental property, so don’t leave anything to chance! Read the ultimate screening process here so picking good Tenants can be easy.

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The first year of anything you do usually has the biggest learning curve, so this article of 5 Lessons that Chris Mamula learned in his first year as a Landlord should help ease that curve! 

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Real Estate Investing isn’t only for the rich! Read here for an example of how to invest in a rental property with little to no down payment.

Development Across Windsor-Essex - Summarizing The Projects in The Works (Part 2)

Happy September, gang! Fall is upon us—even if the weather doesn’t yet feel like it—and for many people it's back to business. Luckily, there are quite a few development projects going on around Windsor-Essex at the moment to keep us busy! Today we wanted to discuss the rest of what we didn’t cover in part one of the series.

The Fairview Condos - The Corner of Wyandotte East & Fairview, Windsor ON

A small condo building is coming to this popular Riverside neighbourhood. The idea was previously created by another local developer. They decided to pass on the project and the new developer in place looks like they are moving swiftly forward. 15 units, all with 2 bedrooms and 2 bathrooms. The developer is Brotto Family Holdings, who have ties to local home builder Suburban Homes.  Construction is slated to begin this fall and be completed in September 2019. Many of the units have already been reserved with the remaining units being priced from $319,900 to $324,900. For more info check out their website at www.thefairview.ca.

Harbour Club Condos - 14346 Tecumseh, Tecumseh ON

The old Pud’s Marina is slated for redevelopment. Just east of the intersection of Brighton and Old Tecumseh Road in Lakeshore, Ontario, a condo is slated for the site backing onto Pike Creek. The developer is Petretta Construction who recently did the 250 Manning condos. Details have been slow to come in as the property needed to be rezoned with the official plan amended for condos to work at the site. The latest info states the building will be 65 units, 4 to 5 storeys and each unit will have its own boat dock. This will be a luxury building with luxury prices to match at $400+ per sq ft. You can sign up for their email list as more info is disclosed at harbourclub.info.

Residential Development Former St. Gregory’s Church - Tecumseh & Dorset Park, Tecumseh ON

The Rosati Group is trying to rezone a 4.29 acre parcel that used to be the former St Gregory’s church.  The property runs all the way from Tecumseh to St. Gregory's just west of Beach Grove.  The rezoning includes amending the official plan and area residents have voiced their concerns about what residential uses should be permitted. It seems like the Rosati Group wants to build a mixture of an apartment building (55 units) with some townhomes (22), while the neighbourhood wants only townhomes. More details should be disclosed soon but this is a very interesting site for residential development.

Peche Island Shores Phase II - Corner of Martinique & Riverside, Windsor ON

The City of Windsor is servicing some residential building lots on the vacant parcel at the southwest corner of Martinique and Riverside Drive in East Riverside. The plan calls for 20 single family building lots and 6 townhouse blocks. The city is running a very specific offer process with the latest round of offers needing to be in by October 15th, 2018. This is a good site and although it had an opportunity to be something with higher density the City decided against it. To learn more, check out the City of Windsor website:  https://www.citywindsor.ca/residents/Property/Property-for-Sale/current-properties-for-sale/Pages/Peche-Island-Shores---Phase-II.aspx.

Cierra Meadows - 70 Unit Townhouse Development in East Windsor, ON

A new 70 unit townhouse development is coming to a 6 acre parcel in East Windsor at the corner of Guy and Norman. The developer is Sam Zlotnik, former owner of Deerbrook Realty. The ranch style townhomes will start at 1,100’ with 2 bedrooms and 2 baths with pricing in the range of $295,000-$315,000. A model home is scheduled to be completed by January with construction on the other units later in 2019. You can check out all the info at their website https://www.cierrameadows.com.

Lots of residential development is on the horizon, including much needed condos! What do you think about these projects, readers? Any buyers or investors looking at getting involved?