I just sold this charming home in Shaughnessy for over asking! Wondering how much your home is worth, or have some questions about real estate? Connect with me!
First time on the market in 25 years! Well maintained home on a large, level 50×125 ft. lot (6,250 sq.ft.) with a south facing rear yard in prestigious Shaughnessy location. Surrounded by multi-million dollar homes, here is your opportunity to live in Shaughnessy with the potential to build your dream home. This home has been recently updated and includes 5 bedrooms plus office and 4 bathrooms in a desirable location. Two-level living with fully finished basement offers spacious living, dining and family rooms, bright kitchen with breakfast bar & eating area which opens to your south-facing sundeck and fully-fenced yard. This home has many original features: classic cross-hall formal living and dining room, gorgeous original hardwood flooring and wainscotting. The main level has a good-sized den, office and a 2 piece bathroom, while the upstairs features a big master with 3 piece ensuite and a second bedroom with a 3 piece bathroom. The lower level has a large recreation room, two bedrooms, 3 piece bathroom and a wine cellar. The backyard has a south-facing sundeck and detached 2.5 car garage with lane access. Central location, close to King Edward Mall, Queen Elizabeth Park & all amenities along Oak St, Cambie St & Granville St. Great schools: Emily Carr Elem., Eric Hamber Sec. Vancouver College, Little Flower Academy & UBC.
Yesterday, the Liberal government announced sweeping changes aimed at ensuring Canadians aren’t taking on bigger mortgages than they can afford in an era of historically low interest rates. The changes are also meant to address concerns related to foreign buyers who buy and flip Canadian homes.
Below is a breakdown of the four major changes Finance Minister Bill Morneau announced Monday. To read more, click on the link below or feel free to ask me!
1. Buyers with a down payment of at least 5 per cent of the purchase price but less than 20 per cent must be backed by mortgage insurance.
2. As of November 30, the government will impose new restrictions on when it will provide insurance for low-ratio mortgages.
3. New reporting rules for the primary residence capital gains exemption.
4. The government is launching consultations on lender risk sharing.
To read more about these changes and who they impact, please click here.
For more information, please visit the website here.
The latest edition of Macdonald Realty’s Luxury Homes Collection digital magazine is now available! This publication showcases unique and luxurious homes listed with my company across the province.
Highlights of this Spring 2016 issue include an exceptional “Super Prime Real Estate” in Vancouver, an article on Americans Investing Abroad and a new LuxeTrends: Make 2016 a Family Focused Year, content courtesy of our partner Luxury Portfolio International.
Simply click the cover image below to see the digital version!
If you have a luxury home that you are considering selling and would like featured in the next edition of Luxury Homes Collection, please give me a call to arrange a consultation.