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Nearly New Kitchener Condo For Sale

December 15, 2008 – 3:07 pm

33-12 Holborn Drive in Kitchener is a fantastic opportunity to acquire a nearly new (completed in 2008) condominium in Kitchener’s desirable Stanley Park neighbourhood.

This 3 bedroom condominium features a roomy open concept floor plan, 1200 square feet all on one level, including a Kitchen with a breakfast bar & island, and lots of cupboards and counter space.

We have clients who are renting identical units in this condominium complex for between $1200 and $1250 a month, so this represents an opportunity for Investors looking for a great condo, or someone looking to downsize from a home to the easy condo lifestyle.

Spacious 4 piece washroom

Jeff Zabel with Mortgage Alliance has provided us with some information on potential mortgage payments, so you can see how affordable the Kitchener Condo is to buy:

Monthly Principal and Interest (P&I - mortgage) charges based on 3 different downpayments

With 5% Down - P&I is $1049.86 / month

With 10% Down - P&I is $987.37 / month
With 20% Down - P&I is just $857.09 / month

*Above Rates Based on a 4 yr term at 4,95% interest rate, ammortized over 35 years.
The above amounts are estimates and qualification still depends on a formal mortgage application, credit verification and other conditions as may be necessary for approval. The above rates are subject to change without notice.

If you’re a first time buyer, this condo makes a great choice. Ideally located near the expressway (easy access to Waterloo, Cambridge, Guelph, Pearson Airport, Toronto and other parts of South Western Ontario), major shopping (grocery stores, pharmacy, LCBO, post office, restaurants etc), and it’s on the Grand Rapid Transit (GRT) #1 Bus Route

Combine that with the location close to schools and this condo has the ideal Stanley Park location.

Set up a Private Viewing

Request More Info

or Call Benjamin @ 519.570.4447

You can find more pictures of this great condo for sale at http://kitchener-waterloo-condo-for-sale.blogspot.com/

Check out this Real Estate Video about the almost New Condo in Kitchener
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Kitchener Waterloo’s Favourite Real Estate Agent** wants to show you how Real Estate Investing can make you wealthy. Benjamin works with people from all across Ontario, Canada and the world helping them build wealth through smart real estate investments.

Benjamin is a Sales Representative, and runs the Wealth Team at Keller Williams Golden Triangle Realty in Kitchener Waterloo.

He’d love to answer any questions about buying, selling and owning a residential, or income & investment property in the greater Waterloo region.

You can reach Benjamin at Benjamin(AT)BenjaminBach.com or call him at 519 570 4447

**Gold Award, Kitchener Waterloo Record Readers Select Awards 2007

Benjamin Bach | Featured Post, For Sale, Investing in Real Estate, Real Estate Investment, Wealth Building, kitchener waterloo | Comments (0)

Great Kitchener Condo For Rent

December 9, 2008 – 11:39 am

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Are you looking for a new place to rent, or now someone who is ?

If you are, this condo is for you.

This Open Concept floorplan two bedroom Condominium in the beautiful family neighborhood of Forest Hill has all the space you and your family or partner need.

 

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Conveniently located just minutes from schools, grocery store, gym, restaurants, pharmacy, convenience store, pizza place, Tim Hortons, major shops, Big Box stores, a major bus line, and the expressway!

fcb5_20This is a clean, freshly painted condo in a professionally managed building, in a safe, park like setting, with secured entry is perfect for you to call home.

Your new  home features a large kitchen, open to the spacious living room, a great Master bedroom, an additional bedroom (or home office), and in suite washer and dryer.

The condo has a private parking spot and a spacious storage locker. Rent is only $900/month, which includes water and all condo fees.

This unit is ready for you immediately.  Contact me via email for more information. 

 

Kitchener Waterloo’s Favourite Real Estate Agent** wants to show you how Real Estate Investing can make you wealthy.

Benjamin works with people from all across Ontario, Canada and the world helping them build wealth through smart real estate investments.

Benjamin is a Sales Representative, and runs the Wealth Team at Keller Williams Golden Triangle Realty in Kitchener Waterloo.

He’d love to answer any questions about buying, selling and owning a residential, or income & investment property in the greater Waterloo region.

You can reach Benjamin at Benjamin(AT)BenjaminBach.com or call him at 519 570 4447

 

**Gold Award, Kitchener Waterloo Record Readers Select Awards 2007

Benjamin Bach | For Rent, Local Kitchener Waterloo, Real Estate, Student House, kitchener waterloo | Comments (0)

Investor Alert - Hot Condo Opportunity

December 8, 2008 – 11:16 am

Hey -

Remember those condo’s I was talking about a while back ? They were finished in 2008, have a great Kitchener location close to shopping, transportation, and the highway, rented for good cash, had high quality building materials - and, oh yea - sold out quick?

I’ve fielded at least a dozen calls and emails from investors and agents looking for more of these units. Until now I’ve had to turn them away and tell them I couldn’t help them.

Can you keep a secret ? On Wednesday one of these condos is hitting the MLS - Multiple Listing Service - the first unit to be resold on the MLS since the builder sold off all the units.

This condo is in great shape and would make an excellent first investment, or a great addition to a portfolio that already is working hard for you.

Since this condominium complex is recently built, it is partially exempt from the Rental Increase Guidelines contained in the Residential Tenancy Act, meaning you will be able to adjust the rent to market once a year, not just raise it 1.4% or 1.8% (the 2009 Guideline). This makes it more even more appealing than an older rental unit that is subject to the guidelines.

We expect to see heavy activity on this listing, since the surrounding area (Stanley Park) is very desirable, especially with the bungalow floorplan this condo unit offers.

The area hasn’t seen new condos built in a rather long time, so the demand was high when they first hit market, and the residual demand is still there.

My recco to you: If you’re interested in investing in this opportunity, call or email me today before the condo hits MLS and people who want to buy it to live in it start calling me too.

PS - If you’re one of the lucky people who happens to already own a unit here, call me - we have investors looking to buy ‘em. I’ll buy the coffee, and I think you’ll like what I have to say.

View our other Real Estate Investment Property listings here


Kitchener Waterloo’s Favourite Real Estate Agent** wants to show you how Real Estate Investing
can make you wealthy. Benjamin works with people from all across
Ontario and Canada and the world helping them build wealth through
smart real estate investments.

Benjamin is a Sales Representative, and runs the
Wealth Team at Keller Williams Golden Triangle Realty in Kitchener
Waterloo. He’d love to answer any questions about buying, selling and
owning a residential, or income & investment property in the
greater Waterloo region.
You can reach Benjamin at Benjamin(AT)BenjaminBach.com or call him at 519 570 4447

**Gold Award, Kitchener Waterloo Record Readers Select Awards 2007

Benjamin Bach | Uncategorized | Comments (0)

October Real Estate Market Update - Kitchener Waterloo Prices Rising

November 25, 2008 – 10:37 am

What’s going on in the Kitchener Waterloo real estate market?
This questions was just posed to me by an investor from Vancouver, British Columbia who has turned her investment attention to the Waterloo region. She asked:

What’s going on with vacancy rates, housing prices, and sales volume?

Great question - and we’ll be answering it here this week. Today, we look at prices in Waterloo region, specifically the 4 Kitchener Waterloo Multiple Listing Service (MLS) areas.


Kitchener Waterloo’s Favourite Real Estate Agent* wants to show you how Real Estate Investing can make you wealthy.

Benjamin works with people from all across Ontario and Canada and the world helping them build wealth through smart real estate investments.

Benjamin is a Sales Representative, and runs the Wealth Team at Keller Williams Golden Triangle Realty in Kitchener Waterloo. He’d love to answer any questions about buying, selling and owning a residential, or income & investment property in the greater Waterloo region.

You can reach Benjamin at Benjamin(AT)BenjaminBach.com or call him at 519 570 4447

*Gold Award, Kitchener Waterloo Record Readers Select Awards 2007

Benjamin Bach | Uncategorized | Comments (0)

Real Estate Investment Tip: Raising Rent in Ontario

November 23, 2008 – 5:29 pm

Real Estate Investors in Ontario know there is a cap on an annual rent increase.  This is governed by the Residential Tenancies Act, 2006. 

Did you know that not all rental properties are subject to this ?  Our clients are investing in Kitchener Waterloo properties with an important piece of knowledge - Do you know it ?  Watch the video below to find out!

 

How much can you raise rent every 12 months on a residential tenant ?  Depends !

 

Do you have questions about being a landlord ? Email Benjamin at Benjamin(AT)BenjaminBach.com  with your questions!

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Related Links:

Ontario Residential Tenancies Act, 2006

Landlord and Tenant Board

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Kitchener Waterloo’s Favourite Real Estate Agent** wants to show you how Real Estate Investing can make you wealthy. Benjamin works with people from all across Ontario and Canada and the world helping them build wealth through smart real estate investments.

Benjamin is a Sales Representative, and runs the Wealth Team at Keller Williams Golden Triangle Realty in Kitchener Waterloo. He’d love to answer any questions about buying, selling and owning a residential, or income & investment property in the greater Waterloo region.
You can reach Benjamin at Benjamin(AT)BenjaminBach.com or call him at 519 570 4447

**Gold Award, Kitchener Waterloo Record Readers Select Awards 2007

Benjamin Bach | Investing in Real Estate, Local Kitchener Waterloo, Real Estate, Real Estate Investment, Tips on Buying Property, Wealth Building, kitchener waterloo | Comments (0)

A Few Reasons Why People Invest in Real Estate

November 6, 2008 – 12:18 pm

Real Estate is Easy to Understand

- You buy a property, and someone either works in it, or lives in it, and pays you rent.  That’s the business model.

Real estate is an Investment you can see & touch

- You can physically inspect the quality of the real estate asset you’re investing in. You can walk the neighbourhood, talk to the neighbours, and see what the ‘facts on the ground’ are before investing. 

You can Leverage your Equity when Investing Real Estate

- Most people don’t pay all cash when they buy a house - they have a down payment, and borrow the rest as a mortgage.  This means you can leverage your capital and purchase 3-10 times as much value (i.e.If you have $25,000 you can likely purchase a $100,000 property), with the bank or a lender loaning you the rest.

There is a constant demand for real estate

- People need shelter.  Real Estate is where you live and work.  The chance that people in our Canadian climate will no longer need to live indoors is slim to none. Until then, they need somewhere to rest their head, and it might as well be your condo.

You can improve the value of your investment with sweat equity

- Real Estate offers you the opportunity to physically improve the property, thus increasing the value of the asset.  If you take a property that is renting for $1000, and maybe only needs new flooring and a coat of paint to raise the rent to $1200, you have increased the value of the property by tens of thousands of dollars (depending on the income to price ratio in your area)

Try doing that with your Nortel stock.

Your Real Estate Investment can put a roof over your head if needed

- Many people make their first investment in Real Estate as their first home.  They’re putting their money into an asset, and they can also enjoy the benefit of living in their own home. 

Real Estate has a basic value

- There is only so much land in the world - and with the exception of a few places like Dubai, they aint building any more of it.  When you own a property, there is value in the building, and in the land.  The building may come and go - eventually needing to be replaced after many decades or even centuries in some cases - but the land will always be in demand.

 

What are some of the reasons you like to invest in Real Estate ? Leave them in the comments or email them to me!

–

Kitchener Waterloo’s Favourite Real Estate Agent** wants to show you how Real Estate Investing can make you wealthy. Benjamin works with people from all across Ontario and Canada and the world helping them build wealth through smart real estate investments.

Benjamin is a Sales Representative, and runs the Wealth Team at Keller Williams Golden Triangle Realty in Kitchener Waterloo. He’d love to answer any questions about buying, selling and owning a residential, or income & investment property in the greater Waterloo region.
You can reach Benjamin at Benjamin(AT)BenjaminBach.com or call him at 519 570 4447

**Gold Award, Kitchener Waterloo Record Readers Select Awards 2007

Benjamin Bach | Investing in Real Estate, Local Kitchener Waterloo, Real Estate tips, Wealth Building | Comments (0)

Great Kitchener Waterloo Real Estate Investment Opportunity

October 29, 2008 – 12:08 pm

Great Investment Opportunity - Legal Licensed Student Lodging House for 5
Moneymaking Student House

268 Hemlock a great student rental house in Kitchener Waterloo

When Investing in Real Estate, the sage advice is Location Location Location!
Well, location doesn’t get any better than this for a student rental property.

268 Hemlock is a legal licensed house for 5, so close to WLU you can see it.
Located between Conestoga College’s Waterloo Campus, Wilfrid Laurier Univesity and University of Waterloo, there are over 50,000 students within a short walk of the home.

If you have a child that going to school here now, or may be attending one of these schools in the next 5-10 years, investing in this student home now will allow you to have a great home for them to live in with 4 friends when they go to school, plus you’ll benefit from owning a prime located real estate investment!


Why would you pay for residence, or rent that is paying off another investor’s mortgage, when you could be profiting from being an investor in the great student real estate market in Waterloo ?


The property is currently fully rented until August 2009, and tenants pay all utilities.If you`d like more information on this property, and to schedule a private tour, email or call Benjamin today at Benjamin@BenjaminBach.com or 519 570 4447.

Kitchener Waterloo’s Favourite Real Estate Agent** wants to show you how Real Estate Investing
can make you wealthy. Benjamin works with people from all across
Ontario and Canada and the world helping them build wealth through
smart real estate investments.

Benjamin is a Sales Representative, and runs the Wealth Team at
Keller Williams Golden Triangle Realty in Kitchener Waterloo. He’d love
to answer any questions about buying, selling and owning a rental,
income or investment property.

You can reach Benjamin at Benjamin(AT)BenjaminBach.com or call him at 519 570 4447

**Gold Award, Kitchener Waterloo Record Readers Select Awards 2007 - 2008

 

Benjamin Bach | Uncategorized | Comments (0)

Kitchener Waterloo Real Estate Investment Market Update

October 16, 2008 – 2:36 pm

There is lots of talk about the economy these days. We keep hearing about the Wall Street Bailout, the economic issues in the US credit and equity markets, and the downward pressure on housing prices in some areas of the USA.

Recently, I find myself being asked by investors the question of whether what is happening south of the border is affecting Real Estate in the Kitchener Waterloo market.

Now, I know the old saying “When the US Sneezes - Canada Catches a Cold,” and clearly the health of our economy is tied somewhat to that of our largest trade partner, the USA, but recent activity in Kitchener Waterloo seems to be bucking the trend.

In September 2008, the number of residential units sold increased 11.4% from September 2007. The value of these residential sales was $134,753,742 last month, compared to $120,205,358 in September of 2007 -a 12.1% increase in the dollar volume of all residential sales for the month.

Year to Date, the total dollar value of all residential sales has increased by $14,871,289 over the same period (Jan-Sept) of 2007.

Residential is not the only asset class that’s showing strength in the Waterloo region real estate market. Investors have also been trading Multi Family units with greater volume than last year; September 2008 multi family sales (dollar volume of sales) were up 32.6% over September 2007, and year to date about $15 million in additional multi family property has been bought & sold ($85,413,829 [2008 YTD] vs $70,769,850 [2007 YTD]) compared to last year.

What about average sale price in Kitchener Waterloo ?

Great question! Let’s have a look:

The average sale price of a detached residential home was $293,690 in September 2008, compared to $285,638 in September 2007.

The average sale price of all other types of residential property (semi detached, freehold townhouse, condominium unit, co-operative, link, recreational or mobile home) climbed to $192,869 (YTD 2008) from $179,464 (YTD 2007) - an increase of 7.5% year over year.

Kitchener Waterloo continues to show why strong fundamentals drive a growing real estate market. KW has great employers, fantastic employees, and is a great place to live. All this contributes to economic growth - more and better jobs - which draws people to the area.

As Dr. Sherry Cooper, Chief Economist, BMO Capital Markets said, “We expect growth in Waterloo-Guelph to exceed both the Ontario and Canadian rates over the 2009-12 period.”

Kitchener Waterloo’s Favourite Real Estate Agent** wants to show you how Real Estate
Investing can make you wealthy. Benjamin works with people from all across Ontario and Canada and the world helping them build wealth through smart real estate investments.

Benjamin is a Sales Representative, and runs the Wealth Team at Keller Williams Golden Triangle Realty in Kitchener Waterloo. He’d love to answer any questions about buying, selling and owning a rental, income or investment property.

You can reach Benjamin at Benjamin(AT)BenjaminBach.com or call him at 519 570 4447

**Gold Award, Kitchener Waterloo Record Readers Select Awards 2007 - 2008

Benjamin Bach | Investing in Real Estate, Local Kitchener Waterloo, Market Update, kitchener waterloo | Comments (0)

Kitchener Waterloo Real Estate Investing Workshop

October 8, 2008 – 8:38 am

People always ask me how they can learn about investing in real estate.  It can seem complicated, but if you learn how other successful investors have done it, you can do it too.

Join me on Tuesday October 28 as I share proven systems and models that Millionaire Real Estate Investors have used for generations to build true financial wealth. 

You will start down the path of being a Millionaire through real estate investment.

In this 90 minute interactive workshop, we’ll be looking at:

  • How to get started investing in residential real estate
  • Why so many people from across Canada are focused on the Kitchener Waterloo area as the #1 place they want to invest their money
  • Whether you want to invest for Cash Flow or Equity Growth initially
  • and where to find the professionals you need in your network and on your Wealth Dream Team

The workshop is FREE with registration (click here to register). 

Anyone can do it, not everyone will. Will You?

WHEN: Tuesday October 28th, 7:00-8:30pm

WHERE: Keller Williams offices, 871 Victoria Street North, Kitchener Ontario. (click for map)

Benjamin Bach | Investing in Real Estate, Real Estate Investment, Tips on Buying Property, Wealth Building, kitchener waterloo | Comments (0)

Real Estate Investing 101: Understanding NOI

August 14, 2008 – 9:58 am

Real Estate Investing can appear complicated at first, if you don’t understand all the jargon that experienced Investors (or those that try to sound experienced) use on a daily basis.

Today, I’ll be explaining what the <b>NOI</b> - or Net Operating Income - is, and why you need to know what it is before you start acquiring investment properties in the Waterloo region.

When you’re buying a house, apartment building or any piece of real estate as an investment to generate cash flow, you need a way to determine what the income is. If you don’t know this, you won’t understand how much, if any, cash flow this particular rental home will generate for you.

Net Operating Income is simply the property’s operational revenue <b>less</b> operational expenses.

Operational expenses are expenses that are incurred by virtue of owning and running the property. Operating expenses include water, gas, hydro, utilities (if paid by the owner, not the tenant) as would the Property Tax, normal Maintenance & Repair, cost of insurance etc. It usually will not include mortgage payments - or debt service payments as they are often called.

For example. You own a rental property in Kitchener Waterloo, Ontario that is rented for $2,000 a month. The property tax is $200 a month, the tenants pay all utilities, Insurance is $75 a month, and Maintenance and Repair is budgeted at $50 a month (all numbers have been pulled from thin air by me). You manage the property yourself, so you don’t incur a management fee.

Your Gross Rental Revenue is $2,000 x 12 (months) = $24,000
From this we deduct a vacancy allowance of 5%, or 1200

Net Rental Revenue = 22,800

Operating Expenses:
Annual Tax = 200 x 12 = 2400
Insurance = 75 x 12 = 900
Maintenance = $50 x 12 = 600

Total Operating Expenses = 3900

Net Operating Income = 22800 - 3900 = $ 18,900

Benjamin Bach | Uncategorized | Comments (0)

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