$499,900 is the NEW PRICE on 504 Albany Street

504 Albany Street (MLS #30593812) is NOW $499,900. Get ready to move into this fantastic house!
 
Incredible bungalow that offers 3+1 bedrooms, 3 baths, full finished basement with in-law possibilities. You will find top quality finishes throughout the home. Situated on a nice lot that offers lots of privacy. Enjoy your morning coffee on the back covered (19×7) porch. Other features include: attached double car garage, double wide paved driveway & great curb appeal.
 
Call me today at 905-651-3279 to book a private showing!

695 Prospect Point Road North is NOW $575,000

NEW PRICE of $575,000

Are you looking for a large home for a big family or in-law situation? Welcome to 695 Prospect Point Road in Ridgeway, Ontario. This spacious bi-level offers almost 4000 square feet of bright living. Large windows on all floors, take in the fantastic views of the yard. This home offers 4+ bedrooms and 3 bathrooms. A recreation room that us 40 feet long which could be divided. Many well thought out designs and must be seen to be appreciated. Although you may not see this from the road, this home has a large 30×25 attached garage. Newer roof shingles and central air. All rooms are large. Basement ceilings are also very high. If you are looking for privacy with in-town services, this is the place for you! Call today for your private showing.

New Listing For Sale, Welcome to 262 Lewis

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Awaiting your Personal Touches!

•  1225 sqft , 2 bath , 4 bdrm 2 storey – FOR SALE  $189,900 

Welcome to 262 Lewis. This 4 bedroom 2 story home has had some recent updating in the kitchen & dining room however there is still some cosmetic work to be completed. The homeowner is selling this home “as is” which will allow the new buyer to complete this home as they wish. There is a detached 1.5 brick/block garage.

Property information

321 Albany Street in Fort Erie is NOW $419,900

321 Albany Street, Home for Sale in Fort Erie, Ray Rosettani, REMAX Niagara

 

Large 2 storey home in Garrison Village. Home features: 4 bedrooms, 2.5 bathrooms, spacious kitchen with island, granite countertops & Cherry cabinets, separate dining room, main floor family room & master bedroom with ensuite bathroom & walk in closet. Exterior features include: paved double wide driveway, attached garage, back deck & storage shed. A short walk to Niagara River, park, walking trails and in-town amenities.

New Price on 2651 McAffee Street

2651 McAfee, Home for Sale in Fort Erie, Ray Rosettani, REMAX Niagara

NEW PRICE- 2651 McAffee Street in Fort Erie $465,000

Enjoy the comfort and privacy of being seconds from the Niagara River. Welcome to 2651 McAffee Street. Home has clear views of the Niagara River. This comfortable bungalow offers 2 bedrooms, spacious & bright living room with fireplace, open kitchen & huge laundry room with tons of storage. There is nothing left for you to do, except relax and enjoy!

Call Ray Rosettani at 905-651-3279 for your showing today!

Retiring in Fort Erie

If you are wondering if Fort Erie is a great place to retire, the answer is YES! There is so many options for people retiring in our great town.
Here is a breakdown of some of Fort Erie’s living options.
Niagara Gated Communities
Fort Erie, Ontario offers many adult and gated communities in the Niagara Region. Fort Erie is home to Ridgeway by the Lake, Point Abino, Black Creek Leisure Homes and Crystal Beach Tennis and Yacht Club. See below for additional information on each community:
Ridgeway by the Lake
Ridgeway by thRidgeway by the lakee Lake is located in Ridgeway, Ontario, close to the US border, QEW, Niagara Falls and hours to urban city centres such as; Toronto, Burlington, Hamilton. Ridgeway by the Lake is an adult lifestyle community along the shores of Lake Erie. The community was designed for the people that like the resort style living with a 9,000 square foot clubhouse, low maintenance & breathtaking homes ranging in price. Residents can choose from several single family detached homes or townhomes. Contact Ray Rosettani at 905-651-3279 or visit SellingFortErie.com to view homes for sale in Ridgeway by the Lake.
Point Abino Gated Community
 Point Abino
Point Abino is a special gem in the Fort Erie real estate market, making these properties very desirable. The homes within the gates of Point Abino are beautiful and one of a kind. The gated community offers residents with a sense of security, a very tranquil place to live and a sense of community, where friendships come easy.
Point Abino is also home to the “Point Abino Lighthouse.” Thelighthouse was built in 1918 and is still one of Fort Erie’s attractions with tour dates in the summer months (www.palps.ca) Residents of the Point Abino gated community have the chance to see this all year round since it is located behind the gates.  Also, located seconds from the community is the Bertie Boating Club (www.bertieboating.com). For those who have a boat and want to spend the summer months on the water, why not dock it seconds from your home?
Visit SellingFortErie.com or contact Ray Rosettani to see homes for sale in Point Abino.
Crystal Beach Tennis and Yacht Club
A very popular gated community in the Niagara Region is the Crystal Beach Tennis and Yacht Club. The community is a beach commCrystal Beach Tennis and Yacht Clubunity with detached single homes located on the site of the former Crystal Beach Amusement Park. The community not only offers breathtaking homes but tennis courts, playground, clubhouse, exercise facilities & beach access. Crystal Beach is well known for its long stretches of sandy beaches, quaint community and rich history where the world famous, Crystal Beach Amusement Park, use to bring in people from all over the world.
Check out the gated community for yourself, contact Ray Rosettani or visit SellingFortErie.com to see what is available.  
Black Creek Leisure Homes
 Black Creek Leisure Homes
Are you in the market for an adult living community, then Black Creek Leisure Homes in Stevensville, Ontario is just the place for you. Black Creek Leisure Homes has both the country setting of living with an urban location. The com
munity is close to highway access and 10 minutes to Niagara Falls, as well as 10 minutes to the US Border.
The residents have access to security gates restricting who comes in and out of the park, a 12,000 square foot recreation centre with heated indoor swimming pool, indoor spa and saunas, locker rooms, library, hobby room, great hall,kitchen, games room, 2 tennis courts, 2 horseshoe pits and so much more.  Additional features include: municipal services, professional management, snow removal and curbside garage.
There are many of resale mobile homes in the park ranging from $60,000 to $200,000, visit Ray Rosettani or SellingFortErie.com to set up an appointment to see all your options and to see if this is the right place for you!
 
 

 

Brand New Listing- 865 Dominion Road

865 Dominion Road, Home for Sale in Fort Erie, Ray Rosettani, RE/MAX Niagara Realty Ltd., Brokerage

 

 

 

 

 

 

 

 

 

 

 

Fresh on the market is 865 Dominion Road in Fort Erie, Ontario. 

Enjoy living in this large family home nestled on huge 66’ x 503’ lot with tons of privacy. Home is located in ideal location, close to the water, walking trails and beach. Also minutes from all in-town amenities and highway access to QEW and Peace Bridge. Interior of the home features: 4 bedrooms, 3 bathrooms, huge master bedroom has ensuite bathroom with Jacuzzi tub and sliding doors leading to back yard. Fully finished basement with walkout, large recreation room with gas fireplace, 2 bedrooms and tons of space for everyone. Home also features detached 1.5 car garage.

For more information on this listing or other listings, please visit www.SellingFortErie.com or contact me directly at 905-651-3279.

Great Investment Opportunity- 328 Ridge Road North, Ridgeway

328 Ridge Road North, Property for Sale in Ridgeway, Ontario, Ray Rosettani, RE/MAX Niagara, Multifamily Unit and Commercial Unit

 

 

 

 

 

 

 

 

 

 

 

Looking to invest your money? Why not check out 328 Ridge Road North in Ridgeway, Ontario. This large 4900 square foot building is home to 7 units, 6 residential and 1 commercial unit. 

Great investment property on corner lot in Downtown Ridgeway. This property offers 7 units, 6 are residential units and 1 is currently being used as a pizza parlour in the 1200 square foot commercial unit on the main floor. Don’t miss out on this amazing business opportunity. Please contact Listing Agent for more details about rents. Gross Rental income of $51,000. The owner of the building also owns the pizza shop and is willing to stay on as a tenant for the new buyer. The business is also for sale for $125,000 including all chattels, name and goodwill.

Contact Ray Rosettani from RE/MAX Niagara Realty Ltd., Brokerage at 905-651-3279 or visit SellingFortErie,comm for more information on this and many more listings.

 

Mortgage Rates to Increase- What Does that Mean?

Mortgage rates are on the rise… What does this mean to you as a Home Owner?

The Bank of Canada has announced that the interest rate of 0.5 per cent will now be increased to 0.75 per cent.

Are you someone who has a mortgage or hoping to get one soon? Global News helps break it down for you and how this increase will affect a current or upcoming mortgage.

First Global News explain the different types of mortgages and how to distinguish what you may have or are in the market for.

Variable-rate mortgages: If you have a variable-rate mortgage, this calculator tells you how your payments will change when the Bank of Canada hikes rates. Today, rates went up by 0.25 of a percentage point. Many economists expect the central bank to raise rates by a full percentage point (up to 1.5 per cent) by the end of 2018.

Lenders don’t always mirror the BoC exactly. For example, the last time the central bank made a move, in July 2015, it cut rates by 0.25 of a percentage point, but mortgage lenders cut variable-rate mortgages by only 0.15 of a percentage point. “With an increase, however, it’s most likely the full amount will be passed along to consumers,” said to James Laird, co-founder of RateHub.ca and president of CanWise Financial. This is the working assumption of this calculator.

For highly anticipated interest rate changes, such as today’s hike, lenders generally adjust their variable rates within hours of the Bank of Canada announcement, said Laird. Variable-rate mortgage holders, in other words, will likely be affected immediately.

Fixed-rate mortgages: Most Canadians have fixed-rate mortgages with interest rates that hold steady through the length of the loan term. If that’s you, you can still use this calculator to get an idea of how your payments might change once your mortgage is up for renewal. However, keep in mind that if you have a five-year mortgage that will be up for renewal soon, today’s rates might still be lower than the rate you locked into five years ago.

Prospective Home Buyers: If you’ve been eyeing a certain fixed mortgage rate over the past few weeks, today’s interest rate increase might not affect you. Most fixed-rates have already increased in anticipation of today’s hike, which was largely anticipated by markets. In all likelihood, the rates you’ve been seeing lately are the rates you’ll be able to access in the next little while. However, you can still use the calculator to see what your monthly payments might look like if you were to get a mortgage after the Bank of Canada raises rates again, which might happen as soon as this fall.

Amortization period — this is the length of time it will take you to pay off your mortgage in full. In Canada, most mortgages have a 25-year amortization. This is different from your mortgage term, the length of time you commit to a specific rate, lender and loan conditions. The typical mortgage term in Canada is 5 years.

Payment frequency — most people pay their mortgage once a month. “Semi-monthly” means you pay twice a month, for a total of 24 yearly payments. “Bi-weekly” means you pay every two weeks, for a total of 26 payments a year. “Accelerated bi-weekly” means you pay the same amount you’d be paying with a semi-monthly option but make 26 rather than 24 payments per year, which allows you to pay down your mortgage faster and save on interest.

If you have a variable-rate mortgage

Some 30 per cent of Canadians have a mortgage with a so-called variable-rate, which moves up or down along with the general level of interest rates in the economy. If the The Bank of Canada raises rates, homeowners with variable-rate mortgages will see their monthly mortgage payments go up.

  • How much more will you be paying? Economists expect the BoC to hike rates slowly, by increments of 0.25 of a percentage point. Let’s look at the example of a homeowner with a home priced at $750,000, a minimum down payment of 10 per cent, and a 5-year variable-rate mortgage with an interest rate of 1.75 per cent and 25-year amortization. The total monthly mortgage payment for this homeowner right now would be $2,864, according to the mortgage payment calculator at RateHub, a rates comparison site. With an increase of a quarter of a percentage point that monthly payment would go up to $2,947, or $83 more per month. Now let’s look at what might happen between now and the end of next year. RBC expects the The Bank of Canada’s key interest rate to climb by a full percentage point (from 0.5 per cent to 1.5 per cent) by the end of 2018. Under that scenario, the monthly payments in our example would rise to $3,205, or $341 more per month.
  • Does it make sense to lock in to a fixed-rate mortgage? Variable-rate mortgages come with the option of switching to a fixed rate during the term of the loan. Doing so might buy you peace of mind if the thought of rising interest rates keeps you up at night. But locking in has a cost. “Conversion rates are never as aggressively priced as those offered to borrowers who have yet to walk through the lender’s front door,” David Larock, a Toronto-based independent mortgage broker recently wrote in a post weighing the pros and cons of fixed- and variable-rate mortgages. Some lenders also demand that borrowers locking in sign up for a five-year term, no matter what the remaining term of their current loan is. If you do the math, you might find that you’re better off sticking with your variable rate. When an interest rate increase appears close, “everybody panics and rushes to lock in, but those knee-jerk reactions aren’t generally prescient over time,” Larock told Global News. Though it’s impossible to know how interest rates will move, Larock doesn’t believe they’ll go very far in the short term. John Pasalis, president of Toronto-based brokerage Realosophy, agrees: “No one really expects rates to skyrocket.”
  • What about breaking your variable-rate mortgage and getting a better fixed-rate loan with another lender? Unlike fixed-rate mortgages, variable-rate mortgages typically carry a relatively low penalty for breaking the loans: Only three months’ worth of interest, according to Larock. Variable-rate borrowers worried about interest rates could quit their lender and seek out a fixed-rate mortgage with a lower rate than the conversion rate in their current loan. Switching mortgages, though, involves a lot of paperwork and legal fees, noted Larock. And homeowners ditching their variable-rate loan would likely only be eligible for rates offered to homeowners refinancing their mortgage, which are generally higher than the rates offered to homebuyers, Larock added. “The competition for the [mortgage] refinance business isn’t as strong,” he told Global News.

If you have a fixed-rate mortgage

Over 65 per cent of Canadians have fixed-rate mortgages, which, as the name implies, remain fixed through the term of the loan. Here’s what these homeowners need to know:

  • An interest rate hike affects fixed-rate mortgages, too. Fixed-rate mortgages tend to follow bond yields, the amount of return investors realize on bonds. But investors’ expectations about what the The Bank of Canada will do with its key rate affect bond yields. Therefore, indirectly, an interest rate hike has implications for fixed-rate mortgages, too. “The mere mention of a rate hike had an effect on bond yields, already resulting in an increase in the popular 5-year fixed rate mortgages over the last month,” James Laird, co-founder RateHub.ca and president of CanWise Financial mortgage brokerage, said in a statement. This means that most Canadians with a fixed-rate mortgage will likely have to pay a higher interest rate when they refinance their loan.
  • Canadians who are about to refinance a five-year fixed-term mortgage may have a pleasant surprise. Although rates on fixed-rate mortgages are headed up, they are still significantly lower than they were five years ago. Therefore, Canadians with a five-year mortgage coming up for renewal in the next little while may find that their new rate is lower.

If you’re about to get a new mortgage

If you’re house-hunting right now, keep in mind the following:

  • Think about getting pre-approved for a five-year mortgage. “Anyone currently shopping for a home should get a pre-approval, which guarantees today’s fixed rates for 120 days,” said Laird.
  • The stress-test for Home Buyers will likely remain the same. Home buyers applying for a variety of variable- and fixed-rate mortgages are stress-tested against the The Bank of Canada’s  qualifying rate of 4.64 per cent, which is much higher than the mortgage rates most Canadians pay. The Bank of Canada’s posted rate is the mode (i.e. the most common occurring number) of the five-year fixed mortgage rates advertised by Canada’s six largest banks. But those advertised rates bear “very little correlation” with the discounted mortgage rates banks are actually offering customers, said Larock. Banks generally use their advertised rates to calculate penalties for borrowers who break their mortgage, he added. Even if banks are hiking the rate of their fixed-rate mortgages, they’re unlikely to adjust their advertised rates, Larock told Global News. As a result, the stress-test benchmark for homebuyers is likely to remain the same.

*Information was used from http://globalnews.ca/news/3581766/mortgage-calculator-canada-interest-rate-hike/

 

New Price- 413 Belleair Blvd, Ridgeway $350,000

413 Belleair Blvd, Home for Sale in Ridgeway, Ray Rosettani, REMAX Niagara Realty Ltd., Brokerage, For more information, visit www.SellingFortErie.com

 Attention! NEW PRICE of $350,000 on 413 Belleair Blvd in Ridgeway, Ontario!

Meticulously kept 3 bedroom bungalow with full finished basement is located only a short walk to Downtown Ridgeway. Home is situated on large 175′ deep lot. Enjoy your morning coffee on the covered front porch.

Visit goo.gl/3eQ7tb for more information on this great listing!