Buying a house or condo is likely the largest financial step you will ever take. Here are 6 steps and a video to help prepare you for the journey.

Info and Tips for Buyers and Sellers of Real Estate
Info and Tips for Buyers and Sellers of Real Estate
Info and Tips for Buyers and Sellers of Real Estate
Buying a house or condo is likely the largest financial step you will ever take. Here are 6 steps and a video to help prepare you for the journey.
Located on Royal Mint Dr. in Southland Park, you can find the Lake Park Estates Condominiums. A set of 16 condos in 8 buildings, built by Randall Homes, these are 2-storey side-by-side units.
Built by Randall Homes in 2004, the condo project is comprised of 8 buildings, each containing 2 condos (side-by-side). Each unit is 1753 sq feet (top 2 levels), plus the basement. Units feature 3 BR’s, 2.5 baths (plus any additionals bedrooms or baths added in the basement). Units feature double attached garages, large front drives and east-facing decks, looking towards the man-made lake.
Just the usual condo-restrictions, such as “No Laundry to be hung from the balcony” etc.  Pets are allowed, so long as they don’t pose a nuisance to other owners. As is common with these types of condos, the building of fences and outbuildings, such as tool sheds, is NOT permitted.
Gross Property Taxes are currently at $4,700 per year. Â Of course, as an owner who actually lives in their unit, you would qualify for the Provincial Home Owners Assistance Rebate, similar to when you own a house.>
Condo fees are currently at $275.00 per month. This includes professional management, snow clearing, grass cutting and contribution to a common reserve fund.
All units have their own insuite laundry room, and attached double garages. Added parking is on the driveways.
There is no common elements room, fitness room or anything of the type. This project backs onto a park, and has view of a lake beyond that.
Located near Fermor Ave and Lagimodiere Blvd, across from the Royal Canadian Mint, this condo is located in Southland Park; Limited (rush hour) bus service is provided.
During the 2 yr period of 2018-2019, condos at Lake Park Estates have sold for bet. $365,000 and $410,000 approximately  (MLS® stats)
If you are looking for a condo in Winnipeg, whether an apartment, townhouse or stand-alone units, call Bo Kauffmann at 204-333-2202
Winnipeg Exchange District features the completely renovated building at 110 James Ave, District 110 Condominiums. Updated in 2014 by Streetside Developments, this historic building features 19 condos, from bachelor units to large 2 BR condos. Close to museums, theatres and concert hall.
How To hire a Real Estate Agent for buying a home in Winnipeg. Tips on selecting the right Buyers Agent to help you find, negotiate for, and buy a house or condo in Winnipeg. Sellers have their own agent, called a Listing Agent, so buyers should also be working with their own Buyer Agent.
No matter what kind of market you are in, here are some basic but important top tips for first time buyers. Houses or condos, follow these tips to help you in your house buying process.
When moving to a new home, here are some questions and points to consider. Making a move is a major step in your life, be sure to check some of these.
A home alarm is the first defence against burglars and intruders. Here are some solid tips on how to install and monitor your home alarm system..
A friend of mine had called me some time ago, and asked me to give him a Market Evaluation on his investment property in #Winnipeg. Â Turns out he had purchased a small condo about a year before, and had done so ‘privately’, without the use of a real estate agent, a decision he now regretted for several reasons. Â As we were talking about his investment property , my mind went over the top features any investor should be looking for when purchasing a condominium.
You’ve heard this before. Â The top three most important things in #realestate are….well, you know. Â Its no different when purchasing an investment #condo, or a condo for your own personal use. Â Will it be easy to resell, or does the location hamper your re-sale efforts? Â If you’re going to rent it out, is the condo located near public transportation routes? Â Is the neighbourhood safe? Â Many factors come into play.
Top Condo Rental Upgrades with the Highest Investment Returns https://t.co/OmRnQsjD2G pic.twitter.com/mLoImDbCgU
— VIP Condo Brokers (@VIPcondobroker) December 22, 2016
Parking, especially in central locations such as downtown, is always at a premium. Â Even if you are lucky enough to rent out your investment property to someone who does not drive their own vehicle, reselling a condo without its own parking spot is more difficult.
With several apartment-to-condo conversions underway, it’s easy to forget that a balcony is still one of the most important features requested by buyers. Â Without a spot to sit outside, perhaps read a book in the fresh air or throw some beef on the ‘que, owners and renters will feel trapped inside their condo. Â Make sure your investment condo has a balcony or, if located on the main floor, it has a patio space.
Less important with single men, but in-suite laundry is almost ‘vital’ to female condo buyers and renters.  Having a secure place to do your own laundry is, at the very least, a ‘nice to have’ feature. Sometimes, a condo which has no in-suite laundry is at least able to add this feature later on, so you may want to check into this possibility.
The above 4 features are perhaps the most important ones to consider. Â Depending on your price range, you may want to consider several more:
Usually a little more expensive, but well worth the price. Â Quieter, more solid and stable, an investment property with concrete floors and walls will also make for easier resale.
Central air conditioning and heating is another nice-to-have feature, making the condo more comfortable and easier to rent out.
Especially with our winter climate, having underground or indoor parking is an often-requested feature, albeit at a price premium
Back to my friend: Â His private purchase ended up being a very poor deal, as his investment condo had NONE of these features. Â Located in a rough part of town, no parking spot, no balcony, no in-suite laundry and on the 3rd floor with no elevator will make this a very tough sale, even in a hot market.
Moral of the story: If you’re going to invest some serious money into real estate, call a real estate agent BEFORE you plunk down the cash. Â I would much rather guide you in the right direction, than try to help correct a mistake already made.
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