As interest rates trend up and affordability stays low, making an individual, single income purchase can be a stretch. But did you know that there’s another option that means you could get into the market sooner without waiting to put a ring on it?

Co-buying simply means to purchase a property with a person who is not your spouse. This can be as simple as purchasing a home with a good friend, with whom you will share the space as a primary residence. Or, for savvy investors it can mean purchasing a rental property, generating cash flow and reaping the financial benefits of appreciation.

There are two types of joint ownership: joint tenancy, and tenants-in-common. A joint tenancy agreement is the most common when purchasing a home with a partner or spouse for a few reasons; namely that both owners hold full ownership rights and each has an equal and undivided right to keep or sell the property.

In a tenants-in-common ownership, on the other hand, the share of ownership depends on what each partner contributes to the purchase and what is mutually agreed upon. The value of each owner’s share will vary depending on income, share of down payment, or amount of credit qualification they bring to the deal. It will also determine what share of the proceeds go to each owner at the time of sale. This is why it is incredibly important to have a formal agreement between buyers drafted before purchase outlining each owner’s contributions, responsibilities of ownership, exit strategies and future plans.--

I have sold a property at 6284  ELKWOOD Drive in Greely

I have sold a property at 6284 ELKWOOD Drive in Greely. See details here

Welcome to 6284 Elkwood, a 3 bed/4baths family home nestled on a 1.23 AC TREED lot in Orchard View Estates. This 2790 sqft (per MPAC) fully bricked custom home underwent amazing renovations in 2018: a family friendly kitchen with a center eating island, SS appliances & pull-out drawers and pantry sure to please the family cooks; refinished smokey grey hardwood flows in the sun-filled family room with its Vermont Casting wood stove and adjoining dining rm. A separate living room, laundry room with lots of windows, new folding counter/cabinetery & potlights, a 3 P bath complete the main floor renos. Upstairs you will find a large primary bedroom with a walk-in closet leading to the large ensuite with soaker tub& separate shower & an adjoining den flooded with sunlight. Two other bedrooms share the main bath. The finished basement with its SEPARATE ENTRANCE, offers a large rec room, den, 4 P bath, Hobby Rm, gym & cold storage.


I have sold a property at 1576 LISBON STREET in Ottawa

I have sold a property at 1576 LISBON STREET in Ottawa. See details here

The unique open concept SEMI-DETACHED FRESHLY PAINTED 3 bed, 2 bath home, is perfect for families with adult kids or friends wanting to share: the main floor features hardwood that flows through the primary bedroom with vaulted ceilings, his & hers closets & direct access to the main bath. The large den with its own balcony, could become a spacious fourth bedroom with a added closet. The bright kitchen is opened to the dining room & the living room with a gas fireplace, perfect to entertain family & friends. The lower WALKOUT level features 2 bedrooms, full bath, laundry/mudroom combination with convenient access to the garage, storage & a large family room with patio doors to the rear yard. Enjoy the easy to maintain private rear yard with its amazing deck,HOT TUB (as-is), shed & lovely perennials gardens. Driveway offers space to PARK 4 CARS. Close to parks, Innes Rd shopping & the Trim Rd LRT that will soon wisk you downtown. 24 hrs irrev on all offers. One pic is virtually staged. (id:2493)


I have sold a property at 270 BEECHWOOD AVENUE UNIT#13 in Ottawa

I have sold a property at 270 BEECHWOOD AVENUE UNIT#13 in Ottawa. See details here

Rarely available! Spacious 2 bedroom, 1 bath walk-up unit located in trendy Beechwood Village, just steps from bistros, cafes, shops, is ideal for FIRST TIME BUYERS. The bright southern oriented unit offers an open concept layout with laminate flooring throughout the main living areas and bedrooms. The bathroom has been UPDATED with new vanity and ceramic floor & bath surround. A large second bedroom completes the unit. Close to the NCC Parkways, the Ottawa river & gorgeous swimming at the Pound, this unit is perfect for outdoor enthousiasts. Nestled between Rockcliffe and New Edinburgh, you are just minutes to downtown by transit, car, cycling. Pet friendly building. Condo fees INCLUDE Hot Water Heat & Water. Unit is assigned 1 parking & 1 storage locker. Condo building offfers shared laundry facilities & interior bike storage. No conveyance of any written signed offers prior to 7 pm on April 12, 2022. Seller reserves the right to review & accept pre-emptive offers with 24 hrs irrev. (id:2493)


I have sold a property at I 40 Jaguar Private in Stittsville

I have sold a property at I 40 Jaguar Private in Stittsville. See details here

**Calling all first time buyers and investors** This newly built Phoenix Unit with 2 bedrooms & 2 bathrooms in Fernbank Crossing is ready for you! This ROOFTOP LEVEL unit offers 1081sqft (as builders' plan) of living space with almost floor to ceiling windows bringing in tons of natural sunlight. The 20ft long Covered South Facing BALCONY, is great for relaxing after work or for all-fresco dinners. The OPEN concept kitchen features a breakfast bar, stainless steel appliances, titled backsplash, access to the IN-UNIT Stacked Washer/Dryer and storage. Enjoy the 9ft smooth ceilings throughout and the easy to maintain stylish laminate flooring. The Primary bedroom features 3-piece ensuite with a walk-in shower. The LOW condo fees include: Water, Parking space (#49) and a convenient bike room for easy storage. Pet friendly unit. Offers to be presented by 5:00pm, April 7th. Seller reserves the right to review & may accept pre-emptive offers with a 24hr irrev. (id:2493)


Open House. Open House on Sunday, December 4, 2022 2:00 PM - 4:00 PM

Please visit our Open House at 3399 PAUL ANKA DRIVE UNIT#16 in Ottawa. See details here

Open House on Sunday, December 4, 2022 2:00 PM - 4:00 PM

Your bright, spacious END UNIT in a well maintained condominium community with recently installed siding/flashing & newly painted fences awaits! Perfect for first time buyer's/retirees or young families. On entry you will find a good size foyer with ceramic and an upgraded powder room. The light filled kitchen offers plenty of counter and storage space & ceramic floors to accommodate lot's of cooks. An open, sun filled living and dining area with hardwood flooring leads to a fenced rear yard with a patio. Perfect for entertaining! A large bright primary bedroom awaits with plenty of closet space and two good sized additional bedrooms that accommodate queen size beds. The main bath has been upgraded with a new cabinet/granite counter. Downstairs you will find a large family room, whether working from home/movies/or a play room for the kids! Also included, a storage/utility/laundry/work room. Nearby you will find parks, shopping, dining, golf and transit! (id:2493)

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