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Mississauga Condo Profile: Fairways Condominium | 1400 Dixie Road, Mississauga, Ontario

May 10, 2010

Mississauga Condo Guide | 1400 Dixie Road, Mississauga, Ontario

‘Fairways’

Photo - Shutterbugz Photography

  • TREB District: W12
  • Condo Address: 1400 Dixie Road, Mississauga, Ontario
  • Year Built: 1978 by Sanrose Construction
  • Price Range: $200,000 – $995,000
  • Condo Size Range: 770 – 2800+ sq.ft.
  • Bedrooms: 1 – 3
  • Balcony: No
  • Ensuite Laundry: Yes/No*
  • Parking: Underground, Owned
  • Pets: No
  • Condo Fees: $426 – $1400/month
  • Condo Fee Includes: Water, Heat, Hydro, Basic Cable T.V., Building Insurance, Parking & Common Element Maintenance.
  • Building Amenities: 24 hr Security Gatehouse, Security System, Outdoor Pool, Sauna, Tennis Court, His ‘n’ Hers Fitness Rooms & Saunas, Billiards Lounge, Woodworking Shop, Ceramic and Art Studios, Horticultural Centre, Sports Lounge, McMaster House (party room) and Concierge Desk.
Condo Units Sold in 2009:  10 condos sold
Condo Units Sold 2010: 9 condos sold (this year, updated May 10, 2010)
Condo Units currently available: 2 (updated May 10, 2010)



Comments: Fairways is situated on almost 6 acres of mature, landscaped grounds.  This unique condominium complex is set amidst 330 acres of golf courses, there is not a bad view from any of its condominium units. It is surrounded by the Lakeview Golf Course and across the road is the historic Toronto Golf Club. The historic ‘McMaster House’ still remains on the grounds and owners and residents can rent it for their private functions. There are two condo towers – the south tower is 21 storeys and the north tower is 14 storeys.  Fairways is a quiet building that has always catered to a mature demographic.

The condo units in Fairways are spacious and well thought out.  Prices offer great value for the condo buyer – try to find a 1200 square foot unit in Toronto, let alone one for under $300,000!

One Bedroom suites start at 770 square feet and range up to 1200 square feet (yes, for a one bedroom!). Two bedroom condos start at 1200 square feet and reach a spacious 1665 square feet for a 2 bedroom + den. There are larger suites, penthouse suites for those condo buyers for whom space is luxury. These condos range from 1930 to 3105 square feet. Some of the penthouse condos boast private, rooftop terraces. Let me tell you, the views from the rooftop is spectacular – allowing unobstructed vistas of Lake Ontario, Mississauga, the surrounding Lakeview Golf Course and Toronto Gulf Club and the Toronto skyline.

There are approximately 20 (give or take) longer term rental condos in the building. Rents range from $1350/month – $2500/month.

Located on the west side of Dixie Road, south of the QEW,  Fairways Condominium offers excellent access to public transportation, shopping and is only 15 minutes to downtown Toronto. Other nearby amenities include: Dixie Outlet Mall, Port Credit Yacht Club and Lake Ontario.

For more information on this condo building or to find out what is currently available contact Ryan Chelak, Broker by email or click here to fill out the automated request form. Ryan is a licensed Real Estate Broker with Town-City Realty Limited, Brokerage and has been listing and selling condominium properties in Oakville, Mississauga and throughout the GTA for more than 10 years.

Toronto New Condos: Construction starts on Aura, Canada’s largest condo

May 10, 2010

When completed in 2012, Aura — a 245-metre tower, the fifth tallest in Toronto — will boast over 1.1 million square feet of space, including 931 residential units and 180,000 square feet of retail offerings.

Toronto Mayor David Miller and Councillor Kyle Rae joined Michael LaBrier, president of Aura’s developer Canderel Stoneridge, for festivities at the building site on the northwest corner of Yonge and Gerrard, currently home to a parking lot.

Indeed, with dirt having been officially turned, Aura has triumphed over a rival iconic super-condo, 1 Bloor, which was to be 80 storeys before the project failed last summer amid the economic maelstrom. (The Great Gulf Group recently launched a new One Bloor project, which will be 65 storeys.)

The big question remains: How long will Aura remain the tallest?

Aura Condo Details:

  • Location: Yonge St. & Gerrard St.
  • Developer: Canderel Stoneridge Equity Group
  • Architect: Graziani + Corazza Architects
  • Height: 75 storeys
  • Condo Units: 931 (from 500 square feet to 1,400 square feet), with 900 units have sold as of mid-April.
  • Price range: From $800,000 for 1,090 square feet terrace suites to over $3 million for sub-penthouse.
  • Sub-penthouses: From 72nd to 74th floors. 2,300 square feet to over 3,000 square feet Priced from $2.2 to $3.0 million.
  • Top-floor penthouse: 11,370 square feet, $17.5 million.
  • Condo Features: Engineered wood flooring, 9-foot ceilings, floor to ceiling windows, French doors in dens.
  • Kitchens: Stainless steel GE Café Series appliances (including wine fridge), quartz countertops, glass backsplash, double stainless steel sink, under-cabinet lighting.
  • Bathrooms: Soaker tub, trough style over-mount sink, separate shower stall with frameless glass door, porcelain tile flooring, dual flush toilets.
  • Retail: Bed Bath & Beyond, BMO, Alice Fazooli’s and Canyon Creek (more TBA.)
  • Amenities: Landscaped rooftop on fifth floor, fitness centre, high-speed elevators, three guest suites, 24-hour concierge, underground parking garage with special section for penthouse residents.
  • Location: Direct underground access to College subway station and future connection to the PATH system. Within walking distance of universities, hospitals, financial district and shopping and dining.
  • Occupancy: 2012-2013
  • 10 Things NOT to say to Mom on Mother’s Day

    May 10, 2010

    First, let me wish all the Moms, Grandmothers, Great Grandmothers and Moms-to-be a very, very Happy Mother’s Day!

    That being said, here’s 10 things you should never say to your Mom on Mother’s Day:

    1. “Mom! When’s breakfast – I’m starving!”
    2. “Oh, it’s Mother’s Day today?”
    3. “Can I borrow $50?”
    4. “I’m dropping out of school, can I borrow $ to start an online business?”
    5. “Oh, it’s Mother’s Day? I invited a bunch of people over to watch the game…”
    6. “Mom, where’s the fire extinguisher??!!”
    7. “Mom, please pick up, I only get one phone call…”
    8. “I thought giving you Wii Fit would help you feel younger”
    9. “Mom, meet Jane… um we have something to tell you…”
    10. “Oh… Mother’s Day is today?”

    Add your own “things not to say to Mom” by commenting on this post and let’s keep it clean…. 🙂



    Cheers,
    Ryan

    Unique Condos: Tiny Apartment Converted Into 24-Room ‘Transformer’ House

    May 6, 2010

    If you think a 600 sq.ft condo in Mississauga or downtown Toronto calls for creative use of space, check out this amazing apartment in Hong Kong.

    Gary Chang, a Hong Kong architect has converted his tiny apartment into a “domestic transformer” capable of becoming 24 different rooms.  Like most people in the densely populated Chinese city, Gary Chang found himself a bit short of space. But rather than feel cramped, he gave his 344 square foot home an ingenious makeover.

    Gary installed a series of sliding walls along with flip-down compartments and fold-out furniture and amenities, which now means he can make his living space into whatever he wants.

    For example, when he needs to cook something, Gary simply pulls on his TV to slide the wall forward and allow access to a 2-meter-wide kitchen. When he wants a bath he tugs his bookcase to reveal a linen closet, which he then pulls forward to open his bathroom. If he has guests, the bath even has a fold-down mattress to become a spare bed.

    In total, the eco-apartment — which has one windowed wall and mirrors on the ceiling to disguise the sliding-wall mechanism — can be made into 24 different rooms, from kitchen or bedroom, to movie-screening room.

    Speaking of his creation, Gary said, “The house transforms and I’m always here. I don’t move. The house moves for me.”

    View the original article “Tiny Apartment Converted into 24-Room “Transformer’ House on Asylum.com

    Oakville Event: Emergency Preparedness at Oakville Place Mall – May 6th and 7th, 2010

    May 4, 2010

    Visit the Emergency Preparedness Week display at Oakville Place Mall May 6 and 7


    May 2 – 8, 2010 is Emergency Preparedness Week – are you and your family ready for an emergency such as a tornado or blackout?

    You may not be able to predict an emergency, but by taking a few simple steps, you can become better prepared.

    Find out how by visiting the Oakville Fire Department’s display at centre court in Oakville Place Mall on May 6th and 7th, 2010.  Visitors will also learn how the Town of Oakville leads the response and recovery strategies in an emergency to maximize the safety and security of its residents.

    “Emergencies can happen at anytime,” said Andy Glynn, Deputy Fire Chief.  “It’s important that you and your family be ready to care for yourselves for a minimum of 72 hours at home, work or even in your car.”

    This year Emergency Management Ontario is also encouraging everyone to take the “Emergency Preparedness Challenge”. By answering five short questions, you can be eligible to win great prizes.  Please visit the Emergency Management Ontario webpage to ‘Take the Challenge.’

    Emergency Preparedness Week happens May 2-May 8, 2010, marking the 15th anniversary of this Canada-wide initiative to increase awareness about individual and family preparedness.

    Oakville & Mississauga Real Estate: Mid-April Real Estate Stats & Commentary

    April 30, 2010

    Greater Toronto REALTORS® report Mid-April Resale Market Figures

    TORONTO, April 16, 2010 – GTA REALTORS® reported 4,601 sales of homes and condos through the Multiple Listing Service® (MLS®) during the first two weeks of April. This represented a 25% increase compared to the 3,681 sales recorded during the same period in 2009. New listings increased by 48% annually to 9,512.

    “The fact that annual growth in new listings outstripped growth in sales suggests that the GTA existing home market is becoming better supplied,” said Toronto Real Estate Board President Tom Lebour.

    “Home owners are reacting to strong sales and price growth by listing their homes in greater numbers.  They are confident they will receive offers in line with their asking price.”

    The average price for April mid-month transactions was $430,271 – up 12% compared to the average of $383,361 recorded during the first 14 days of April 2009.  “The average annual rate of price increase has declined and we are shortly going to see a return to sustainable single-digit rates of growth,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

    “As home buyers experience more choice in the marketplace, there will be less upward pressure on the average selling price in the GTA.”

    _____________________________________________________

    What does it all mean?

    Buyers: This means buyers of resale homes and condos have more listings to choose from. Buyers are taking greater time in making decisions right now and we’re seeing a significant drop in the number of multiple offer sales.  Sellers are having to compete with more properties and those that need to sell sooner have realized the reality of the situation and we’re starting to see price reductions to bring values in line.  All good news for buyers.

    My advice to buyers right now is to think before you leap. Be smart, take your time and assess your situation and needs thoroughly before making an offer – when you do, buy for the future.

    Sellers: For Sellers entering the Oakville & Mississauga Real Estate market now, the proper pricing and marketing strategy is crucial.  With the dramatic increase in available home and condos for sale in Oakville, Mississaug & the GTA comes more competition.  Pricing your home or condo right the first time is more important than ever. I would highly dissuade Sellers from ‘trying to see how much they can get for their property’. Now is not the time, with higher numbers of homes and condos for sale comes more aggressive pricing strategies for those sellers that must sell their property now.  Many sellers have committed to a new property and must sell in a timely manner.

    My advice for Sellers right now is to ensure your Realtor has done their homework and is thoroughly familiar with your neighbourhood.  Pricing your property properly will ensure your home sells for the best market price possible. Buyers are still buying in good numbers. Don’t miss out on a healthy market because you priced your property out of the market. Having to reduce your asking price even once will hurt your home or condo’s exposure and value.

    Click here for a free, no-obligation market valuation of your home or condo.

    Ryan Chelak is a real estate broker serving Oakville, Mississauga & the GTA, as well as a longtime Oakville resident. Subscribe to my blog to keep up to date on local news, information, events and of course everything you want to know about Oakville & Mississauga real estate.


    Oakville Condo Profile: Oakridge Heights | 40, 50 & 60 Old Mill Rd, Oakville

    April 29, 2010

    Oakridge Heights Condos – 40, 50 & 60 Old Mill Road, Oakville, Ontario

    Area: Central Oakville
    Style: Mid-Rise Condo Apartment
    300 Condo Units – Built in 2000 by United Lands
    Price Range: $205,000 – $949,000
    Bedrooms: 1 – 3
    Approximate Size: 800 – 2600 sq.ft.
    Condo Fees: $280 – $749/month
    Condo Fee Includes: Water, building insurance, exterior maintenance, parking and common element maintenance.
    Parking: Underground, visitor outside surface
    Pets: Yes, dogs ok
    Heat: Electric, Forced Air
    Building Amenities: Indoor pool, sauna, fitness room, billiard room, hobby room, party/meeting room.
    Condo Units Sold in 2009:  43 condos sold
    Condo Units currently available: 6 (updated April 30, 2010)



    Comments: Oakridge Heights Condominiums are located on Old Mill Road, situated high above Oakville’s 16 Mile Creek. This centrally located condo complex is close to downtown Oakville and Lake Ontario with excellent access to the QEW and is within walking distance of the Oakville GO station.  This upscale condominium community is made up of three buildings, each 10 storeys high with 100 luxury condos.

    The buildings are well designed with a diverse mix of condo sizes.  The condo suites in Oakridge Heights feature generous floorplans with expansive windows and terraces that take advantage of the panoramic views of the 16 Mile Creek ravine, downtown Oakville and Lake Ontario.

    Many condo suites have upgraded finishes that include: hardwood floors, upgraded kitchen cabinets, granite countertops, built-ins, upgraded tile and marble flooring.

    For more information on this condo building or to find out what is currently available contactRyan Chelak, Broker by email or click here to fill out the automated request form.  Ryan is a licensed Real Estate Broker with Town-City Realty Limited, Brokerage and has been listing and selling condominium properties in Oakville, Mississauga and throughout the GTA for more than 10 years

    Habitat for Humanity breaks ground on Oakville home builds

    April 28, 2010

    Habitat for Humanity Halton broke ground to build its first two homes in the Town of Oakville today. The homes will be located at 262 and 266 Elmwood Road at Margaret Drive. Halton Regional Chair Gary Carr and Town of Oakville Mayor Rob Burton attended the groundbreaking, along with members of the Oakville Council.

    As reported in Vital Signs 2009 – the Oakville Community Foundation’s report on community issues – 9.7% of Oakville residents live below the poverty line, which means less than $35,480 for a family of four. Habitat for Humanity’s way of building, and of structuring mortgages for low-income families, makes it possible for more families to begin to build the financial equity that is crucial for any of us as we plan for our family’s future.

    Habitat’s homes are built to “simple, decent” specifications and quality standards. In these two Oakville homes, Habitat Halton will be piloting upgrades to its energy standards: aiming for Built Green Canada’s “gold” certification on eight checklist categories: operational systems, building materials, exterior and interior finishes, indoor air quality, ventilation, waste management, water conservation and business practices. One example in the building materials category involves the support of the Sustainable Forestry Initiative in helping to open the door to corporate donations of premier wood and lumber products from some of Canada’s most responsible sources.

    Volunteers Are Needed

    “We are still in the early days of recruiting volunteers for these builds, with most volunteers needed for the rough carpentry stages scheduled to start in July, and continue through August and September. Construction or home-renovation experience is not required, though it’s of great value for Crew Leaders, who commit to a minimum of one day, from 7:30 a.m. to 4:30 p.m.” said Swarbrick. “We provide the training, including health and safety training session.”

    Special corporate sessions can be arranged for employee “team building” opportunities with Habitat for Humanity Halton by calling 905-637-4446 Ext. 224.

    More About Habitat Halton:

    Habitat for Humanity Halton is a local, non-profit, faith-based organization working for a world where everyone has a safe and decent place to live. Our mission is to mobilize volunteers and community partners in building affordable housing and promoting homeownership as a means to breaking the cycle of poverty. Founded in 1999, Habitat for Humanity Halton is a member of Habitat for Humanity Canada, and part of a worldwide network that spans 90 countries, has built over 225,000 homes, and is now building a new home every 10 minutes.

    For more information, please visit http://HabitatHalton.ca


    Click the link to read the entire article: “Habitat for Humanity Halton breaks ground in Oakville” on Oakville.com


    Oakville & Mississauga Real Estate: Mortgage Rates, times they are a changing

    April 28, 2010

    The Royal Bank of Canada kicked off another round of mortgage rate increases Monday, just days after the Bank of Canada’s stern warning that higher interest rates are on the way.

    RBC said it will increase interest rates on mortgages with terms from six months to 10 years.

    TD Canada Trust followed suit with a similar announcement of mortgage rate increases hours later. These latest interest rate increases mark the third time in the last month that major Canadian banks have hiked mortgage rates for home owners.

    “It’s not a big surprise. The market is getting more aggressive about the prospect of the Bank of Canada raising interest rates. Now it seems the market is expecting even more aggressive interest rates increases than it was last week,” said Benjamin Tal, senior economist at CIBC World Markets.

    Just last week, the Bank of Canada said that the economy is growing more quickly than projected. BOC governor Mark Carney also stated that the time for historic low interest rates has passed. These latest mortgage rate changes at RBC and TD are said to take effect next Tuesday.

    Just today I read that a recent poll published by Bloomberg.com that said:

    CMHC. said Monday that 81% of recent homebuyers surveyed were “comfortable” with the level of their mortgage debt.

    The survey also found that more than two-thirds of respondents plan to pay off their mortgage early. Government-owned CMHC released the result of its survey of 2,500 active mortgage users in an e-mailed statement.

    OK, so here’s my quick two cents:

    First, are you comfortable with your level of debt? If yes, will you still answer the same when in a couple years time when resale home values have dropped and mortgage rates are climbing? Many lenders have increased their rates as much as 1% already and there is now talk of the Bank of Canada raising the prime rate significantly over the next year.

    If you have just bought a home or condo in Oakville,  I hope you were working with people that advised you to consider the realities of where interest rates are right now or were 6 months ago and where they are headed.  Buying for long term affordability is so important right now. It’s great to see an appreciation on the value of your current home or condo, but more important is considering what you are buying as an alternative.

    That $500,000 townhouse may be affordable today, but what happens in a couple years if mortgage rates have strained your budget and that $500,000 townhome is only worth $400,000?

    If you’re still in the hunt for a new home or condo in Oakville or Mississauga, you don’t have to break the bank over mortgage rates.  One of the benefits of my real estate services is no-strings access to an established network of mortgage brokers that I work with that can save you a lot of money in the long run.

    If you would like to have a no-strings, no gimmick conversation about your current real estate situation call or email me.

    Cheers,

    Ryan

    Oakville Condo Profile: The Arboretum 1901, 1903 & 1905 Pilgrim’s Way

    April 15, 2010

    The Arboretum

    1901, 1903 & 1905 Pilgrim’s Way, Oakville

    [Oakville+Real+Estate+-+Oakville+Condos+-+Pilgrims+Way,+Glen+Abbey.jpg]

    Area: Glen Abbey
    Style: Condo Apartment
    162 Units – Built in 1988 by Urbandale
    Price Range: $300,000 – $400,000
    Bedrooms: 2
    Approximate Size: 1321 – 1449 sq.ft.
    Condo Fees: $517 – $575/month
    Condo Fee Includes: Water, building insurance and common element maintenance.
    Parking: Underground, visitor parking on surface
    Pets: Restricted
    Heat: Electric, Forced Air
    Building Amenities: Indoor pool, sauna, fitness room, hobby room, tennis court, guest suites, whirlpool spa.

    Comments:  The Arboretum is a mature, well-established, upscale condominium complex that has excellent amenities, spacious suite layouts and mature landscaped grounds. It is located in the Glen Abbey neighbourhood of north Oakville with good access to schools, public transportation and shopping. There are numerous parks and walking/biking trails nearby.

    For more information on this condo building or to find out what is currently available contact Ryan Chelak, Broker by email or visit  my website Oakville & Mississauga Real Estate Homes & Condos.  Ryan is a licensed Real Estate Broker with Town-City Realty Limited, Brokerage and has been listing and selling condominium properties in Oakville, Mississauga and throughout the GTA for more than 10 years.