Archive for May, 2016

Retirement Living in Leamington

Tuesday, May 24th, 2016

Leamington now has a new apartment building, the first new build of this type in thirty years. Plans now call for a  twinning of the tower and a future retirement building . “Seacliff Heights” at 24 Seacliff Drive East. a few blocks from the lake with over 35% of the units now occupied. It’s six floor high with penthouse units, 105 units in total.DSC_0514Is London getting to big for you and do have you a need to live in a warmer climate near water? Does fishing, golfing, biking and swimming appeal to you? Is renting the way you want to go, at least in the short term until you figure out if you want to buy again?  Do you like brand new? If so… might this project be of interest to you?DSC_0428The look of Leamington is changing and it’s countryside is beautiful. DSC_0463

by Peter Daoust, Broker. Remax Advantage Realty Limited Brokerage

1, 5, 9, 15 Jacksway Crescent … North London

Saturday, May 14th, 2016

Big changes are happening here. Look at the pictures! As explained in blogs before these clusters of low-rise condos are over one half owned by out-of-town investors.DSC_0039The strange thing is these buildings are not all that old.DSC_0043It’s a total exterior makeover. What a state of confusion it is now.DSC_0046Wow, what a difference it’s going to be!DSC_0045London take note…. This condo complex is in an upscale north London neighbourhood. Prices here might finally start to go up!

by Peter Daoust, Broker. Remax Advantage Realty Ltd. Brokerage

Reconstruction “On Site”

Thursday, May 12th, 2016

Backhoes and patches of rear decking waiting to be reattached to their original footings. Mud and construction trucks. Signs that drainage ditches (a French drain for example – that’s what the backhoe in this first picture in a London condo complex a few year back was working on)  have recently gone in. Sump pumps running incessantly. These are things that you don’t necessarily want to see happening on site when your out shopping for a resale condo.P1140968 Yet sometimes things like this can be happening. Complexes built near wetland areas (is there a wetland area just off across a busy street?) are more prone to these types of issues or complexes on sites which were built near creeks and where compacted and backfilled improperly. Issues like this may only start to surface years after a complex is completed and issues like this may be expensive to rectify. The dread of special assessments.

P1140970

Fortunately in London occurrences like this are not the norm, however they do sometimes happen. What is there to watch for in trying to avoid making the wrong purchasing decision? Well, suspicions to watch for often start with of the presence of  marshlands in the immediate area or forested neighbouring area with ponds.  We can find these  occurrences in several pockets of our city. Are there pockets of water pooling on the surface after periods of heavy rain?

High condo fees sometimes are an “after-the-required-fix” reality. Talk to the neighbours or ask your realtor if you have any suspicions about these types of issues. Often times house inspectors offer special rates for “condo” inspections. Many of them will be able to pick up on issues like this. That’s the way I see it anyways.

by Peter Daoust. Broker. Remax Advantage Realty Ltd. Brokerage