Canadian Champion (Milton, ON), 26 May 2016, p. 29

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d [ C Personal & Knowledgeable Service ui To o e ut am uS h. t B 2 inss s 2 ® Stately Family Home on * M > h L w# ' ' 1 Private Acre in Heart of s & S Campbelvilie. . Meticulously 6 6 maintained customâ€"buitt L1 3txirm home is located at e s 4 the end of a private crescent _ + â€" and leatures 2800 SF of e openâ€"concept bwing. soarng ... and windows J lore. it offers a grand toyer, large El kitchen overdooiung the tamily rm w/ woodburning freptace, sep din rm, iy rm w gas freplace, office, large master w/ lovely ensuite The unfinished bernt has a sep entrance. Add teatures 200 amp sermice, separate 40 amp outlet tor welding/generator 240\ most of your savings are in real estate, does this make sense for you financially? Will the property appreciate? 5. What financing is available to you? Cottages often fall fave, Tok C en into one of two categories and not all qualify for traditional qrocery, bank, post office, pharmacy, LCBO, coffee & min to the Town of Milton mortgages. Type A properties include cottages that can be utiâ€" [ $ ‘, 5)5 W“’”‘m greas and in desirable school ceichment lized all year road and have features similar to residential homes such as running water and central heating systems. Type B cotâ€" tages on the other hand are classified as more rustic properties with minimal creature comforts and are often not winterized. Financing for Type A properties is often treated like financing a second home with traditional mortgage options applicable to them. On the other hand, most Type B properties are not eliâ€" gible for traditional mortgages and instead, personal loans are often extended to finance the property. Cottaging is arguably the favourite summer pastime of many Canadians, so it‘s no surprise that at some point many consider purchasing a cottage of their own. And while many think of it as a solid real estate investment, purchasing a cottage without doing all your homework can lead to serious headaches. Before rushing to buy, Meridian, Ontario‘s largest credit union, suggests there are five key questions to ask yourself: 1. How much use will the property realistically get? Sumâ€" mers are short and schedules are busy. How much will the cotâ€" tage actually be used? Do you plan on renting it out to suppleâ€" ment your income? 2. Have you considered all the costs? Similar to purchasing a home, there are associated costs beyong the initial price tag. OBA g i?iéii ho id §§. it Additional items such as taxes, maintenance, and travel should all be budgeted. . 3. Have you shopped around? Popular destinations can lead to overheated markets. Have you done enough research and considered all the options? Meridian recommends that interested cottage buyers do their research and work with a trusted financial advisor and real estate agent to make sure their getting the best possible value in their investment. More information is available online at www.meridiancu.ca. 4. is it a good investment? Buying a cottage may mean that Your Online REAL ESTATE MARKETPLACE www.newscanada.com REALTY & FINANCE INC.. BROKERAGE Your investment, property, and business experts! AZIZALI KANJEE SROKEN OF RECORD Very unique property. Over 1.5 of usable land. There is income of $3,900 a month. Storm and sewer are being put in on the street in 2016. Stately home w/ hardwood flooring, renovated bathroom, long drive way. This property has to be seen to be appreciated. $1,299,000 ;{{83 P paece bathew replaced, refnished, hadwd firg on secund Iyl, firg replaced on third h Hat tub 2014, 8000 watt generator. Automatic gurage door epeners. 000 info@ipbreaity.com 905.842.0611 Buying? Selling? Browsing? URGENTLY NEEDED! ‘Custom built home, Plenty of natural light. country living, with only minutes to downtown Milton. Sep. entrance to dble car W-u- layout with an additional 1,500 q. ," of living space in lower Iyl. Lg kitchen with who to deck, Hardwood flouring, crown molding, master beirm, fin. bernt, with bar. Bdrm in basement, workshop. Corgeous Fully upgraded 4.5 years old open concept Semi Detached. 2650 q. ft. of Extensively Upgraded Living Space Including A Professionally Finished Rasement. Main floor features 9 ft. ceiling, hardwood floors and a fantastic open concept floor plan. Walk â€"out sliding door to a fully fenced backyard. Call Masood to view this beautiful home tocay. The Milton Canadian Champion _ . _ _ Best Homes Real Estate section puts thousands of property listings at your fingertips. Our userâ€"friendly search tools make it easy to find exactly what you want, and helpful features make it easy to take the next step. dwgheo ifffm REAL ESTATE SECTION Wifiwi. .insidehaiton.com/printeditions 905â€"842â€"0611 Ext. 101. Auction It has a 6300 ug, &. + well constructed Located appes 10â€"12 min. from Cambri -r l*‘hâ€"i.s-” 000 u..a,....'-":" 350 vehicles. 1.877.467.7628

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