$1,200,000  ~  Discover the charm and sophistication of Creemore in this exquisite 1921 Edwardian century brick home located at 12 Elizabeth Street West. A perfect blend of timeless elegance and contemporary upgrades, this 4+1 bedroom, 2-bathroom detached residence offers an unparalleled lifestyle with its thoughtful design, luxurious finishes, and exceptional craftsmanship. Spanning 2,185 sq. ft., this stunning home invites you to experience the very best of both classic and modern living.

A Warm Welcome

Step onto the custom front porch, crafted in 2023 with Douglas fir beams, and feel instantly at home. The beauty continues as you enter the main living space, where strip oak hardwood flooring and intricate wainscoting transport you to a bygone era. High ceilings and a Vermont gas woodstove create a warm, inviting ambiance, making this the perfect space for relaxation or entertaining.

Entertain with Style

The generously sized dining area seamlessly connects to the living room, offering a versatile space for hosting family gatherings or intimate dinners. Adjacent, the fully renovated kitchen (2024) is a chef's dream, featuring:

• Sleek quartz countertops

• A double undermount sink

• Stylish ceramic backsplash

• A newly expanded pantry for ample storage

A completely renovated sunroom (2024) adjacent to the kitchen showcases an enormous window that bathes the room in natural light. With a sliding door walkout to a private deck, this space is ideal for al fresco dining or enjoying your morning coffee.

Comfort and Versatility

The second level of the home offers versatility with three good-sized bedrooms and a serene three-season sunroom, perfect for quiet moments. The top-floor primary suite is a true retreat, featuring a skylight and ample closet space for all your needs.

Outdoor Paradise

The spacious, fully fenced backyard is a haven for nature lovers and gardening enthusiasts. Mature apple and cherry trees, raised garden beds, and a secluded ambiance create a serene outdoor escape. Whether you’re hosting a summer barbecue or enjoying a peaceful afternoon, this yard offers endless possibilities.

Exceptional Features for Modern Living

This home comes with an array of modern upgrades, including:

• Updated windows (2019)

• A durable metal roof (10 years)

• Owned water softener

• Energy-efficient heat pump system (2024)

• A massive 4-car metal garage (55' x 36') with a back shop and sliding partition, ideal for car enthusiasts, complete with new garage doors (2024), GDOs, and hydro

• A separate workshop (17' x 12') with hydro for all your projects

• All newer appliances

Why Choose Creemore?

Living in Creemore offers a unique small-town charm combined with modern conveniences. Renowned for its vibrant arts community, local markets, and boutique shops, Creemore is the perfect place to call home. With its rich history and scenic surroundings, this picturesque village provides a tranquil lifestyle just a short drive from urban centers.

Your Dream Home Awaits

12 Elizabeth St. West is more than just a house; it’s a testament to fine living, offering timeless appeal and contemporary conveniences for a truly exceptional lifestyle. Don’t miss this rare opportunity to own a piece of Creemore’s history while enjoying the benefits of modern upgrades. Schedule a viewing today and experience the unmatched charm of this stunning Edwardian home.

In the Monaco condominium, residents enjoy a plethora of luxurious amenities. The moment you step into the grand and tastefully decorated residential lobby, you’ll feel a sense of arrival. Situated just a short distance from trendy shops and restaurants, the Monaco condominium building is surrounded by the year-round splendor of Southern Georgian Bay and the Blue Mountains.

The Monaco stands as a modern condominium project with six stories, 127 units & is located at the intersection of Hurontario St. and Hume St. Positioned in the heart of downtown Collingwood, this elegantly designed building includes such amenities as a rooftop retreat, rooftop party venue, fitness center, underground parking, storage locker facilities, bike racks, and retail spaces on the main floor.

Just a brief walk to the Gayety theatre, shops, the shipyard and numerous excellent dining establishments within our downtown core, make the Monaco an exceptional option for embracing your optimal lifestyle! Check out what is currently listed for sale at  The Georgian Realty Team and to book your personal viewing today. Indulge in the luxury lifestyle that awaits you!

Accessory Dwelling Units (ADUs) are helping address the housing crisis in several ways:

1. Supply: They add supply of housing to the market. Without extra land permits, many ADUs can be built, adding units without requiring new development of land.
2. Cost: They tend to be cheaper per square foot than normal homes, so that more people with lower cash flows could afford some of them.
3. Flexibility Benefits for Homeowners: ADUs can provide a homeowner with financial stability by bringing in rental income if they were to rent out the ADU to help them afford their primary.
4. Reduction of Space Waste: Having an ADU allows us to make better use of home space in all contemporary communities (urban, suburban).
5. Stability of Community: Offering more dwellings in existing neighbourhoods, ADUs can help communities stay stable, and prevent displacement due to property value escalation and competing opportunities for development.

In conclusion, although the article failed to locate a study that quantifies the actual increase in housing availability and affordability resulting from ADUs, we expect the increase to be significant, considering the high housing shortage in those US areas where they are operating (Suggested Paraphrase: Overall, ADUs are a great solution to address housing shortage problems, in a simple, useful and above all cost-effective way.)

ARE YOU ELIGIBLE TO APPLY?

If you are interested in participating in the Program to create a secondary or garden suite, applicants must meet the following criteria:

• Own a property in the County of Simcoe
• Creation of secondary or garden suite must comply with all municipal/building regulations
• Property taxes and mortgage payments up-to-date
• Insurance coverage for the full replacement value of the home
• You must be a Canadian Citizen, Landed Immigrant, or have Refugee Claimant Status and have no deportation order under the Immigration Act (Canada) against any member of the household or no departure order or exclusion order under the Immigration Act (Canada) has become effective with respect to any member of the household
• Not be in the process of applying for bankruptcy or have an active bankruptcy filed
• Total of all mortgages and any other encumbrances registered on title, plus the Program funding, cannot exceed the market value of the home

RENTAL UNIT REQUIREMENTS • Rents must be at or below the Average Market Rent as established by Canada Mortgage and Housing Corporation for a period of 15 years

• Ingoing occupant(s) of the rental until must have a maximum household income below an amount as established by the Ministry of Municipal Affairs and Housing
• Annual reporting of rental amounts is required
• Units must be modest in terms of floor space and amenities
• The use of energy-saving products and/or systems are strongly encouraged

LOAN FORGIVENESS

To earn loan forgiveness, you must maintain continued ownership of the property and adhere to all terms and conditions of the Loan Agreement. Loans for the creation of secondary/garden suites are forgiven at an equal rate over a 15 year period.

LOAN REPAYMENT : PROGRAM DEFAULTS

If any of the following occur, you will be deemed to be in breach and we may terminate this

Source:

Paraphrased from the human-sounding input while retaining quotes and citations. outstanding loan amount must be repaid:

• The transfer, lease or selling of the home
• Information was misrepresented to the County of Simcoe at any given time during the process
• The loan is used for a purpose other than the repairs outlined in the scope of work
• Property taxes and/or mortgage payments are in default
• Rents and tenancies for secondary/garden suites do not meet Program Guidelines
• Property is no longer insured to its full replacement value

For more information on this program click here. https://simcoe.ca/residents/housing/affordable-housing-programs/#SecondarySuitesProgram

When you go to buy a new home in Simcoe County, one of the very first questions you will have to ask yourself is “Shall I sell my current home prior to purchasing my new property?” The answer to this question is not always as straightforward as you might think – and it really does depend on a whole host of factors, not least the property market in which you are investing, your financial position and your personal circumstances. So, here is what you need to consider, with useful advice for our clients in the majestic Georgian Bay area.

Understanding the Simcoe County Market

Seasonal dynamics in the real estate market add another layer of complexity. These are particularly evident in Simcoe County, specifically the more southerly areas that make up the Blue Mountains – Collingwood, Wasaga Beach and environs. A large sizeable percentage of buyers looking to prefer to do so when the gardens are green and the ski hills are open. An almost visceral understand ‘That’s what it’s all about!’ experience is a key motivator.

If you’re in a seller’s real estate market — that is, when demand is high and supply is low — you might be able to be able to very quickly sell your current home at a good price but, if inventory is also low and competition high, finding your next home might prove more difficult. On the other hand, being in a buyer’s market or a balanced market while purchasing might provide more options but require more time to sell your current home.
Pros of Selling Before Buying

1. Financial Clarity: On the other hand, Selling your home first, you can get a real handle on your finances. You know exactly how much money you have to spend on your next property, so you can budget carefully and avoid over-stretching.
2. Stronger Buying Position: You will be in a position to buy with that cash at hand, and that makes you more attractive in an auction-type market, where there’s so much competition across the board, especially in a hot market like the Simcoe County market, where most of the nice properties are selling with multiple offers.
3. No Bridge Financing Needed: Selling avoids the necessity of bridge financing (that is, a loan that covers the period between buying a new house and before the sale of your old one). This saves you interest and reduces your financial stress.

Cons of Selling Before Buying

1. Temporary Housing: If you sell your home before finding a new one, you will probably have to live somewhere else in the meantime, which can be both inconvenient and expensive, especially if you need to find a place to live right away.
2. Market Risks: Of course, there’s always a chance that the market conditions will have changed between selling the first house and buying the second – meaning that when you come to buy a house, it might cost a lot more than when you sold yours.
3. Emotional Stress: Moving twice in quick succession can be a stressful experience. On top of that, not knowing where you’ll be living next makes things harder.

Pros of Buying Before Selling

1. Peace of Mind: For that, if nothing else, you’ll have the advantage of knowing precisely where you’re headed and can plan your move with minimal angst.
2. More Time to Find the Perfect Home: Now I am buying, and this allows me the time to find the right home, not feeling rushed into buying the first one simply because my home is sold.
3. Ability to Renovate: If you’re buying property, and your new home needs to be renovated, you can put off moving in until things are in order and everything is the way you want it.

Cons of Buying Before Selling

1. Financial Strain: Trying to carry two mortgages at once is difficult, especially if you need to put your present home on the market and it won’t sell as quickly as you anticipated. Not only could you have problems qualifying for a new mortgage, your home might not even sell.
2. Rushed Sale: If you are under financial duress and are forced to sell quickly, you might have to settle for a price that is less than your ideal. This can be especially distressing in a slower market.
3. Bridge Financing: After all, if you buy before selling, then you might have to borrow bridge financing, with its additional costs and strain.

Making the Right Decision in Simcoe County

Whether you sell first and then buy or buy first and then sell is a personal choice. There are pros and cons to each scenario and it ultimately comes down to your unique situation. No matter whether you’re looking to sell your home or buy a new one, know that we at The Georgian Realty Team are here to help you make the right choice for your family. Contact us today to learn more about the Simcoe County market and how we can help make your real estate dreams a reality.

Start by having us do a full market analysis on your existing home so you understand its value and how soon you can expect to sell it in this market. At the same time, we can provide you access to the properties that will meet your criteria so you can see what is available.

Regardless of whether you decide to sell first or purchase first, having a plan is key. We’ll be there every step of the way to make sure your next move runs as smoothly as possible.

If you need help taking that next step or if you have any questions about the real estate market, feel free to contact me. I will do everything I can to help you through this real estate process. The Georgian Realty Team is here for you 7 days a week.