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The Canadian Statesman, Bowmanville, July 17.1991 9 Exploring the Benefits of a Condominium Lifestyle This article is provided by local Realtors and the Ontario Real Estate Association Association (OREA) for the benefit of consumers in the real estate estate market. Are you enchanted with the idea of owning your own property, but not all the upkeep upkeep that goes with it - such as mowing the lawn, shovelling snow and other i PETER KOWAL Real Estate Limited f 52 King Street West, Bowmanville 1 623-2453 SERVING BOVVMANV1LLI.& ARI A SINCE 1955 JULY ROUNDUP OF VALUES!! $49,500. Building Lot on Hwy. #45 at Roseneath. 146 ft. x 262 ft. $65,000. Building Lot on Rack Island, Rice Lake. Deeded mainland parking - hydro. $105,000. Nice 2 bedroom home in Harwood Village. View of Rice Lake from front deck. Completely Completely renovated inside and out - 2 appliances appliances included. $130,000. 2 bedroom frame and aluminum bungalow on large corner lot in Bowmanville. Newer gas furnace - replacement windows -- detached garage. Move right in. $139,000. 50 ft. frontage on Lake Ontario with 2 bedroom bedroom stucco home. Lot is 260 ft. deep. wm: "We're working harder in Bowmanville and area to serve you better" GORD BARNES Assoc. Broker SIMPLY SPLENDID - $ 164,900. Unbelievable restoration and rebuild. Top-notch 1900 sq. ft, laid out like model home. 66 x 165 ft. mature lot with huge oak tree. Call Gord Barnes 576-3111 or Res. 623-6860. $129,900. Semi, upgraded renovated, 5 bedrooms, bedrooms, 2 bathrooms, kitchen facilities facilities down, garage. $157,900. Detached, spotless, 4 bedrooms up, rec room, central air, R-ln central central vac, close to 401. NANCY BARNES Sales Assoc. $184,900. - Legal duplex on 1/2 acre, country setting in town. Income can be used towards mortgage. Call [ me for details on these properties. Nancy Barnes office 576-3111 or Res. 623-6860 «• r r, I V V y : I r' r PATRICIA LANGE | Sales Assoc. $108,900. Starter home on Hwy. #2 east of Newcastle. 60 x 239 ft. lot I backing onto farm land. Very prettily decorated and renovated - new windows, flooring, carpet - 200 amp. service, Flexible closing. Call to view Patricia Lange 623-4998 at home or Office 576-3 III. lUF"' ■i KRYSTYNA JONES 983-9782 10 ACRES Gorgeous property with pond, stream, pasture, woods and valley. Well-kept bungalow + barn. I Excellent location. Priced to sell at $229,000. Just | listed. 24 HOUR PAGING SERVICE 576-3111 80 Athol Street, Oshawa exterior maintenance? And would you like to be able to enjoy recreational facilities at your leisure, without having having to join a fitness or health club? If so, condominium might be just right for you. Condominium Condominium living can give you the freedom to pursue your lifestyle without many of the responsibilities involved in maintaining a more traditional traditional home. In fact, a condo can make the ideal "starter" home, often often costing thousands of dollars dollars less than single-family homes in the surrounding neighbourhood. This gives you an opportunity to participate participate in the real estate market market sooner than might otherwise otherwise be possible. Essentially, a condominium condominium refers to a form of collective collective ownership. Each "home" unit is owned individually,while individually,while common areas areas - including the land - are jointly owned. Most building structures can be set up as condominiums condominiums - apartments, town houses, detached, semidetached, semidetached, duplexes, and so on - - anything where there are advantages to be gained from collective ownership. As an owner of a condominium condominium in a high-rise complex complex where there are many fellow owners, you would own the unit individually, and it would be legally registered registered in your name at the land registry office. You would also own a proportionate proportionate share of the common areas areas in the development. These generally include the outside grounds, recreational recreational facilities, lobby, elevator, stairs and hallways, as well as the air-conditioning, electrical electrical and plumbing systems. systems. However, some common areas may be reserved for the exclusive use of specific owners, such as roof gardens, gardens, backyards (in town- homes for instance), balconies, balconies, parking spaces and storage lockers. In addition to the costs associated with owning your own unit (mortgage payments, payments, taxes, etc.), you would also be required to pay your proportionate share of owning and maintaining maintaining the common areas - in the form of a monthly maintenance fee. You should also keep in mind that condominiums can restrict your freedoms somewhat, due to a list of rules and bylaws governing how you use your unit. If you're thinking of purchasing purchasing a condominium, make sure you enlist the help of a realtor, and lawyer lawyer who is well-versed in condominium law. The following following outlines some other important things to keep in mind before you make that important decision. Appearance ' When viewing condominium condominium properties, pay careful attention to the general appearance appearance of the complex. The appearance of the common common areas in particular, will be a good indicator of how well the property is managed. managed. If you're interested in a resale unit, look for obvious signs of disrepair, such as concrete deterioration or shabby landscaping. Also be sure to ask what major repairs have been done recently and whether there are any planned for the near future. Find out whether there are sufficient .reserves to pay for these repairs. repairs. It's also a good idea to hire an independent inspector inspector to do an audit of the building and its major systems. systems. Management The management of the complex you are considering buying into is another very important factor to consider before making your purchase. purchase. Find out if the complex complex is managed by a competent competent property manager. It's a f*ood idea to talk to other building residents; they should be able to provide you with a lot of first-hand information about the development. development. You may also want to see the minutes of the last annual meeting of owners. owners. Security It's a good idea to check out the security system in the complex thoroughly before before making a purchase. Many have 24-hour concierge concierge services and key or cardkey access systems. You should find out how well the systems are managed and maintained. And keep in mind that a well-run security security system can be a definite plus if you over want to sell your unit. Parking Check out available parking parking space; it's often at a premium premium in condominium complexes. complexes. Be sure to inquire if a parking space is included in the purchase price. With some condominiums, parking parking spots must be purchased, purchased, leased or allocated. Also find out how much guest parking is available; after all, you want to be able to accommodate your future visitors. Recreational Areas Find out what recreational recreational facilities are available and how well they are maintained. maintained. Also make sure that the use of these areas is included included in the purchase price and that only owners and their guests have access to these areas. Insurance Condominiums are covered covered by two different types of insurance policies: 1) the policy you purchase to cover your unit and its contents; and 2) a master policy held by the corporation to cover the common areas. i Make sure the policy on your unit includes every- ly bility. For instance, all damages damages caused by a fire that starts in your unit and spreads beyond your walls are your responsibility. edvan Prospective Purchasers look to Edvan Realty because of our proven record of success. Thinking of selling your home? Call me now and I will arrange for a market evaluation of your home without cost or obligation. " Over 14 years experience." Wilma Entwlsle Edvan Realty Ltd. 214 King St. E., Bowmanville Res. (416)786-2911 Bus. (416) 623-4445 Tor. (416) 686-0477 18591 HOCKIH HOCKIN REAL ESTATE 123 KING ST. EAST, BOWMANVILLE 623-4115 iREALTORl $137,500. STARTER Just listed. Newly renovated 2 bedroom bungalow, on a 166 foot deep lot. Immediate possession for this north end location. MOVE ON TO THE COURT Beautifully decorated, four bedroom home on oversized lot in central Bowmanville. Be ready for back to school. Offered at $189,500. CENTRAL LOCATION Well-kept, older bungalow on large lot, close to hospital, schools and shopping. Two bedrooms, detached garage. Call now for a chance to view. $124,500. LOTS OF TREES and 5 acres provide privacy and space around this 3 bedroom plus bungalow with attached garage. Access to spacious dock Irom separate dining room. Also 20 x 24' Insulated, steel-clad building, presently used as dog kennel, suitable for many uses. See It today! $278,900, MAPLE GROVE 3 + 1 bedroom brick bungalow wilh 2-car garage on country-size lot. Large main floor family room, fireplace, central air, central vac, built-in microwave oven, screened gazebo and much more. $185,900. mZrfi MARG BAIN Sales Representative MEDICAL OR DENTAL CLINIC!! Commercial building in downtown Bowmanville Bowmanville has good Income potential for Its existing existing Cl zoning. Owner can also tenant part' of property, if owner occupied. Vendors anxious. $299,000. Call now for an appointment. PATIO TO TENNIS COURT Luxurious bungalow condo minutes east of Oshawa In Parkwood Village. 2 bedrooms, fireplace, 5 appliances and low monthly fee that covers all amenities. Act now. $125,900. we& ARE YOU WILLING to do some "Home" work? If you bring back the sparkle, you will have a smart investment in this 1,400 sq. It. bungalow with attached garage. Opportunity is knocking for First-Time buyers. $119,900, AFFORDABLE COUNTRY LIVING 14 x 60 mobile home with addition. Easy commute to pSj amenities, appliances and "" ■ window coverings will stay, lovely treed lot. Asking $60,900. ALSO Oshawa in-law and pool - North end location - $125,000. $169,900. Hospital Area - $149,900. Newcastle mobile - $52,400. Country near lake - $134,800. Brick detached - $108,500. For these and many other properties, Call David Passant** 623-6000 or 623-3408 ATTENTION MECHANICS URGE PREMIUM LOT $119,900. $229,900. Large double heated garage 4 bedroom, 2 storey, freshly with room to park. Fully rénovât- decorated, greenhouse oak ed home, large eat-in oak kitch- kitchen, main floor family en, newer windows, shows to room and laundry. A must to perfection. Many extras. see. Call Paul De Jager* 623-6000 or 623-2712 OPEN HOUSE SPOTLESS AND ROOMY JULY 14,2-4 p.m. 4 level backsplit in quiet subdivi- 1161 Brownsville Rd. S. sion. Large eat-in kitchen, pri- 4 bedroom bungalow on 100 x vale yard, separate dining 150 ft. lot. Detached garage/ room, family room and many workshop 24 x 32 with hydro, more extras. 20 mins, to Highway 2 east of Newcastle Oshawa. Close to all amenities, to Brownsville Rd., turn south. Call Ellen Bush*, Sales Representative, at 623-6000. DETACHED-$149,900. Lot 50 x 100', family room walkout, open concept kitchen with walkout, forced air gas, 1 - 4 pc., 1 -.3 pc., fenced on 2 sides, 4 full levels, come see this deal. OSHAWA 1 1/2 STOREY + ADDITION Lot 142' deep and private, 12 x 20' deck, walkout from newer kitchen, mud room at side entrance. Large renovated bath + 5' more rooms, neat as a pin.r Shower in basement. Shirley Dubroy* 623-6000,579-9450,428-1206. You'll Go "QUACKERS" over this property Century farmhouse - 50 x 30 barn - 2.73 acres. Only $199,900. and Vendor will assist with financing. For Information or appointment Call Kay Brown*, 623-6000 or 623-3150 cornerstone, 104 king st. bowmanville 428-1206 (Toronto Line) ** Associate Brokers * Sales Representatives Doug Humphrey* AlfAnnis** ' Kay Brown* Paul DeJagtir* Shirley Dubroy* Lionel Edmonson* Vinnie Gupta* Carol Hallman* A Gord Hooey* JoAnn Jukes* Tony Klompmaker** Linda McLennan* Maurice Moon* Paul Pasgas* J David Passant** Ellen Bush* Sally Staples** Dianne Warren* % !il OPEN HOUSE 132 Ontario Street Bowmanville SUNDAY, JULY 21st 1:00 - 4:00 p.m. Spotless 2 bedroom home. 161 foot lot, detached garage. garage. Reduced to $119,499.! Come see for yourself! Take Hwy. 2 to Ontario Street South, follow signs. Call Linda McLennan* 623-6000 (Bus.) or 786-2440 (Res.) 24-Hr. Pager 28 ACRES-$299,000. M1| All brick 3 bedroom bunga- ONLY $15,000. low, walkout basement, Mobile home with add on fantastic view. room ln V ear round P ark - Please Call Alt Annis**, Assoc. Broker 3 Bedroom bungalow with garage, 2 years new - $135,000. Split Level -1500 sq. ft., 2 bathrooms, garage, $144,900. : 1 Year Old - Executive home, 4 bedrooms,'family room, 2 car garage, $209,500. .4 Acre - 2 bedroom bungalow with garage, Newtonville. $155,000. 100' x 135' Building Lot-West Beach Rd! $52,900. • and lots more!! For these and other properties In area, please call Vinnie Gupta* at 623-6000,24 Hr. Pager or 987-1709 Res. MILLBROOK „ NEWCASTLE 6.1 Acres comes with this 3 ' 8 Acr ® corner lot 6 bed- 10R0- SO ft hnrno 4 rooms, 2 - 4 pc. baths, walk- q kf/ho ' o out from upper and lower lev- bedrooms, 3 baths, 2 e | s summer kitchen, pool, walkouts, stream at back. 3500 sq ft finished $229,000. $239,900. FOR FURTHER INFORMATION PLEASE CALL Off. 623-6000 DIANNE WARREN* Res. 987-5654 NOW HEAR THIS! 3 + 1 brick bungalow, large lot, finished top to bottom, rec room, eat-in kitchens, 2 baths, hardwood floors, separate separate entrance, move-in condition, condition, asking $158,900. For more Information Call Gord Hooey* 623-6000 or 623-6217 FLEXIBLE CLOSING All brick 3 bedroom home on premium lot, main floor family room with fireplace, 2 - 4 pc. and 1 - 2 pc. baths, cold cellar, greenhouse kitchen, property is 1 year new. Only $196,900. on these and others THISTLE VALLEY PARK 27 SANDRINGHAM DR., Has been°rSd R uce C d E in price, °" a t coulc ! l V™ excellent location, Cape U iust ..f e l e 1 0 ^ e * l6 Y e 1 lt : l A Cod style home, too many beautiful year round trailer good features to list. home. For additional Information Call Lionel Edmonson** at 623-6000 (Off.), 432-1633 (Res.) - 24-hr. Pager LESKARD AREA VENDOR SAYS SELL Beautifully renovated home Retire in ease in Wilmot Creek, on large lot. Just too many Shows extremely well, and for extras to list. so little. $93,500. Call Joann Jukes* 623-6000 FOR GROWING FAMILY 4 bedrooms, 2 baths, recently renovated kitchen, finished finished rec room with bar, many other upgrades, in established established neighborhood in Orono. Maurice Moon*, Sales Rep. 623-6000 or 432-7200 ENNISKILLEN BOWMANVILLE ORONO BETHANY NEWCASTLE Immaculate brick bungalow, docorntod 12 rolling acres with century 1 1/2 storey homo plus barn on 3 bedroom link with appliances, lln- Spacious bungalow, detached garage, with Hair, extra deep lot on quiet dead homo and $60,000, konnol huge villago lot with severance Ishod rec room, separate school area, over 2 acre lot wilh woods and stream, end village street. $115,000, opportunity, potential, $233,900. $129,900. $194,900, For Information on these properties or a current market evaluation of your property without cost or obligation, please call us CALL DOUCf HUMPHREY or SALLY STAPLES broker/owner 623""6000 associate broker BOWMANVILLE Raised bungalow, only 3 years old, family room, two lour pc. baths and appliances, $129,900. ■ iW-yj