About Ty Lacroix Broker of Record

I am the owner & Broker of Record with many years of experience in guiding Londoners to make wise real estate decisions and then get results!

600 Talbot St Downtown London Ontario Condo Building

600 Talbot St London Ontario is a 104 unit  high rise condominium apartment building in downtown  London Ontario near trendy Richmond Row. Great dining, entertainment, theatre and Harris Park with access to walking and biking trails.

Apartment condo Downtown London Ontario

This recently upgraded building has underground parking and lots of guest parking. The building has an exercise room, party room, indoor salt water pool, sauna and storage lockers are available.

Apartment condos for sale on MLS in London Ontario

Get the actual sales in this building for 2017, how long they took to sell and why. A great 20 page report that will help you if you are either a seller of a unit or thinking of buying a condo in London Ontario, this page can make a huge difference in your bank account.

Check it Out Now!

Apartment Condos in London Ontario

 Looking at apartment condos in London Ontario, be it a highrise or a low rise (4 stories or less), to buy or sell? Would knowing :

Looking for apartment condos in London Ontario

  1. Demographics- Who lives here? What age group? Children?
  2. Price- What are the average prices for the last 12-18 months?
  3. D.O.M.- What are the average days on the market for these condos?
  4. Time- How long has this unit been on the market & how many times?
  5. Area- Are there any planned construction nearby that will effect or destroy your views or traffic flows?
  6. What is the percentage of owner occupied units vs rental units?
  7. What are the condo rules and what restrictions are there?

 

 And then , after looking online at apartments for sale in London, how do you find someone to help you? These questions you may want to ask a Realtor before you make a decision on who you feel will do the best job for you. 

Satisfied clients of Envelope Real Estate

 

Condos in London Ontario

Below are just a few of the apartment condos in London Ontario

Under $150,000 

 

$150,000 to $250,000  

 

$250 to $350,000

Over $350,000  

Being condo professionals as well as being Realtors, we know the better buildings in London Ontario, best values, condo  rules and  the demographics to help guide you in making a sound decision and a wise one as well!

This Buyer’s Toolkit below will help as well.

for condo buyers, tips on how to save

Thinking of selling your apartment condo in London Ontario? We work with buyers everyday because we attract them from referrals and our various websites, why not take advantage of our work ethic, professionalism and selling system that is second to none?

Here are all the apartment condos for sale in London Ontario on MLS. I have done all the searching and grunt work for you!

Here you will find the full MLS listing with pictures, condo fees, what they cover, taxes, maps, walk scores and the amenities that these condo buildings have.

Enjoy!

Apartment Condos For Sale in London Ontario

1180 Commissioners Road W Apartment Condo Building in London Ontario

1180 Commissioners Road W London Ontario

1180 Commissioners Road West London Ontario   is a quiet and well maintained adult orientated pet free building in Byron  with an indoor salt water pool, sauna, whirlpool and recreation facility with underground parking across from beautiful Springbank Park, called  Parkside Terrace.

There are 72 units in the building and the condo fees which as of December 2, 2017 are between $473.00 to $500.00 which covers water, building maintenance, landscaping, recreational facilities, insurance and caretaker.

Springbank Park London Ontario

A very short walk to the heart of Byron for shopping, dining, services, churches, Legion and  library. Enjoy beautiful Springbank Park year round for those healthful daily walks or just sitting on a park bench, watching nature do its thing!

 

lobby 1180 Commissioners Road W London Ontario

In 2017. there were 7 two bedroom , 2 bathroom units sold, get the 19 page report  which includes:

  • What they actually sold for
  • How many days it took to sell
  • When they sold
  • A description of each unit
  • Average sales price in the building
  • % of asking price to sales price
  • The pros and cons of pricing and what it takes to sell a unit for a reasonable price in a reasonable time frame

There was one unit (#703 ) which was 2 bedrooms and one bathroom and it sold for $199,900 which was 100% of the asking price and took 14 days to sale and sold April 24, 2017.

Unit 104 sold on September 15, 2017 for $168,500, this was a one bedroom, one bathroom unit and took 12 days to sell for 99.8% of the asking price of $169,900.

In 2016, there were 6 sales in the building through MLS, from a penthouse to a ground floor unit and excluding those two, the average selling price was $255.000.

 Google Map

These are all the condos & houses currently listed for sale on MLS in Byron.

Your London Condo Corporation & Selling Your Condo

When thinking about selling your condo in London Ontario, besides the price and whom you select to represent you, you may want to get in touch with your London Ontario condo corporation before you list it on MLS.

checklist when selling a condo in London Ontario

99% of the time, if you and the buyer agree on price, there will be a condition clause that states that the buyer’s lawyer will have 7-10 days to review the status certificate provided by the condo management company.

The buyer’s lawyer is looking at the financial status of the corporation, to see if there are any unpaid condo fees or assessments from you, if there are any infractions, such as a screen missing, an unauthorized addition such as a deck, satelite dish etc.

You would be surprised at the amount of hasty remedies, discussions that occurs if a lawyer finds out some things that you were not aware of.

To ensure a smooth sale, take the time and effort to find out if there are any issues that could effect the final sale of your condo in London Ontario.

The above step is only one of many we take to help our client’s sale go smoother with less headaches and no surprises!

It is the professional way

A Poor London Ontario Condo Decision?

This complex is located right across from Masonville Mall and bordres on Richmond St and Sunnyside. Over the years these 1, 2 and 3 bedroom units have been sought after because of the location, price and the proximity to The University of Western Ontario.

The 4 buildings at Masonville Gardens were in need of updating, be it the windows, lobbies, roof, electrical, facade and eliminating the wood fireplaces and restructuring the balconies and excavating the foundation around all 4 buildings.

Jacksway Court troubles

The complex will look great when completed however, right now there is a legal quagmire, see this link here in The London Free Press.

There have been some sales over the past year or two and I have talked a few buyers from buying these, especially investors and parents for their children. What amazes me the most are the buyers who have purchased in there without getting a status report or their lawyers not thoroughly reviewing the report and allowing their clients to buy!

An experienced professional Realtor would know about troubled condo corporations, the history and the challenges. That is not to say those challenges could not be overcome by a professional, (there is always a way), yet people make poor choices when spending $1000’s of dollars because they will not listen or allow their bravado to overcome common sense.

Great Tips Before Buying a Condo in London Ontario

 Before buying a condo in London Ontario, following these ideas, tips and real life experiences and then implementing them most likely will save you money, time, worry and allow you to sleep better!

Buying a condo in London & South West Ontario can be a roller coaster of emotions …. Finding the right one that fits your budget and lifestyle…. Securing a mortgage….. moving in. And, if you’re like most, this condo may be your largest investment. Emotions over such a large and personal purchase can often cloud common sense & unbridled enthusiasm.

condos

Many condo buyers do very little research before “diving in” and investing their hard-earned money. Oh, they may have been going to ‘open houses’, searching MLS or viewing realtor websites and that is usually all they do, but there is more that could be done before making an offer.

Below are a few ideas and with the help of the right real estate professional, (ask them these 11 questions first)you’ll make a good sound decision that you’ll be happy and proud of for years to come.

Inspect, Review and Double Check:

Get a home inspection by a professional home inspector who is thorough and can explain to you his or her findings. For apartment condos, you may or may not want to do the inspection yourself because the windows, doors, roof etc are covered by the condo corporation. Turn on all the appliances, the heat or A/C, all lights, flush the toilets and run all the taps in the house and check electrical switches and receptacles.

​  Have your lawyer review the Status Certificate which will cover  the by-laws and  fees, restrictions and the financial staus of the condo corporation.

Don’t take anything for granted… inspect everything!

    Imagine the unit vacant:

Your furnishings and decorations will be the ones filling this new residence. Don’t be swayed by beautiful furniture….it leaves with the owner.

    Income plus Lifestyle Equals Mortgage Payment:

  Sit down with us and honestly discuss your income level and living expenses. Take into account future considerations like: job security or transfer, life style, amenities or fix-ups.

View More Than One Building or Neighbourhood:

Go through at  least 4-6 properties. Don’t get excited on the first property you see, if you really like it, use it as a yard stick and if the others do not compare, act quickly.  With a patient Realtor, you’ll be able to view enough properties to get a good overall perspective of your market. And when you find the right property, all the leg work will be worth it.

  Utilize The Professionals You Are Working With: 

  By aligning yourself with the right real estate professional, you’ll have an entire group of professionals working for you. Top Realtors have lenders, inspectors, appraisers, lawyers, trades people, cleaners….an entire group of trained professionals making the whole buying experience simple and easy for you.

   More Checking to Do: 

 Check out all your costs and expense before you sign: condo fees, utilities, cable, taxes and insurance. Make sure all utilities are on (gas, electricity, and water) when you do see the unit,  so you can inspect everything is in working order, Ask lots of questions and be very detail conscious. (I use a detailed room by room review manual with every client, it covers everything)

   Do a Final Walk-Through Before Closing: 

 Visit the property 2-3 days with your Realtor  before you move in to make sure there are no surprises. Be absolutely sure the appliances, fixtures and any chattels are still there  as you had agreed upon when the offer was accepted. Many times, things are unintentionally overlooked that could have been spotted in a final walk-through. (This is a standard clause in my Agreement of Purchase and Sale)

  Plan for Flexibility if Needed: 

 Closing dates are not written in stone. Allow for contingencies and have a back-up plan. If you or the sellers need a little more time to conclude the final arrangements, don’t let these delays upset or frustrate you. These types of circumstances are not uncommon in a real estate transaction; however, with a great real estate professional and his/her teams, this will seldom occur.

  If it’s Not in Writing, It Doesn’t Exist: 

 All promises and discussions are to be in writing. Don’t make any assumptions or believe any assurances from any one. Even the best intentions can be misinterpreted. Have your real estate professional keep an ongoing log (in writing) of all discussions, and get the seller’s written approval for all agreements.

happy condo buyers

A few more ideas

Buying a London Ontario Condo?

In a recent survey, the biggest and most costly error home buyers make is how they start the process of buying a home in London.

Usually the first step is deciding you want to move,  to stop renting or downsizing from a larger house. All good so far.

searching to buy a condo in London

Then, most will go and talk to a good mortgage lender( this is a major and crucial step and be careful whom you talk to, I cover that in another report) to see if you qualify and for how much. How much of a down payment and what would your average payments be. Again, you are on the right track.

Then what?

Yup, most start searching the MLS listings, Kijiji, real estate websites and real estate magazines (that are usually a month late) and what do they do? Call 4 or 5 real estate sales people who have listings they want to see and set up an appointment.

While making those appointments you hear the same thing:

  • Are you preapproved for a mortgage?
  • Are you working with an agent?
  • Do you have a house to sell?
  • Perhaps a few more personal questions or the name of your cat or dog!

Questions about buying a home in London Ontario

Then you go see a few homes, if you like one you may put in an offer with the listing sales person  without any research or thought of the long term consequences.

Or, the homes you have seen are not to your liking, but you like the sales person and they convince you that they can help you look for something else, again, without any research of that agent or thought of the long term consequences!

The wisest thing you can do after you have made the decision you want to move, is to research and contact the real estate sales person who has the skills and experience and whom you will entrust your hard earned money to!

Maybe interview two or three.

Then when you have confidence in the sales person you have chosen, that good real estate person will research properties on your behalf, make appointments to match your time table, protect you in the buying and offer process and be there if any challenges come up.

Do you not think that having that type of representation would be better for you than just entrusting that binding faith with just anyone? A friend of a friend, Uncle Joe’s distant cousin who just got her license and needs some money, or your co-worker who’s husband ‘does’ real estate on the side!

11 Questions You may Want To Ask a Real Estate Person BEFORE you start!

Setting a Selling Price For Condos in London Ontario

                       What to be Careful of When Setting Your Selling Price

Meeting with a REALTOR

Meeting a Realtor

You have decided to sell your home and have a fairly good idea of what you think it is worth. Being a sensible home seller, you schedule appointments with three local real estate representatives, (or a friend of a friend who has a friend). They set up a time with you and maybe arrive with a “Competitive Market Analysis” (which no longer is an accurate tool, I’ll cover that in another report) and they each recommend a specific sales price.

Amazingly, two of the Realtors have suggested prices that are lower than what you expected. Even though they have backed up their recommendations with recent sales data of similar homes, you remain convinced your property is worth more.

When you interview the third Realtor’s figures, his or her numbers are much more in line with what you think your home is worth. Or they may have even suggested to you a higher price. Wow! Now you are happy and an exited home seller, perhaps already counting the money.

   A Sales Practice Called “Buying a Listing”

If you are like most people, you have chosen Realtor number three. This is a Realtor who seems willing to listen to your input and work with you. This is a Realtor that cares about putting the most money in your pocket. This is a Realtor that is willing to start out at your price and if you need to drop the price later, you can do that easily, right?

 After all, everyone else does it! Wrong!

The truth is that you may have just met a Realtor engaging in a questionable sales practice called “buying a listing.” He/she “bought” the listing by suggesting you might be able to get a higher sales price than the other realtors recommended. Most likely, he or she is quite doubtful that your home will actually sell at that price. The intention from the beginning is to eventually talk you into lowering the price.

  Why do some “buy” listings this way?

There are basically two reasons: A well-meaning and hardworking Realtor can feel pressure from a homeowner who has an inflated perception of their home’s value. On the other hand, there are some who engage in this practice routinely.

Overpricing a property in London Ontario

If you start out with a price that is too high, there is likelihood you interviewed other Realtors. They did not get the listing, of course. They got “beaten” out by someone telling you what you wanted to hear.

If your listing Realtor routinely engages in “buying “listings, he/she has probably has done this to other Realtors in the same way. Word gets around that their homes are overpriced and the home seller has an inflated value in mind. This can be very difficult to resolve.

In short, you may have ended up with a Realtor who was good at selling you, but not good at selling your home. And you are willing to pay them a fee for it?

wasting your time

It is human nature for you to want the highest price for your home. However, when you choose the Realtor who promises what you want to hear, it often leads to stress and frustration. Most of the time, it will take you longer to sell your home. Possibly, and this happens, you will end up selling at a lower price instead.

Or maybe as a result of reading this, you will choose one of the “good” Realtors in the first place. They are out there, you know!

What Happens Behind the Scenes?

If you start out with too high a price on your home, you may have added to your stress level—and selling a home is stressful enough! There will be a lot of “behind the scenes” action taking place that you don’t know about. Contrary to popular opinion, a professional listing Realtor does not usually attempt to sell your home directly to a homebuyer. That would be inefficient.

Pro’s market and promote your home to hundreds of other local Realtors and even Realtors from the GTA areas who do work with homebuyers, dramatically increasing your personal sales force. During the first couple of weeks your home should be a flurry of activity with buyer’s agents coming to preview your home so they can sell it to their clients. (See my report “When is the most important time for a new listing)

   If The Price Is Right

If you and your Realtor have overpriced, fewer Realtors will preview your home. After all, they are Realtors, and it should be their job to know local market conditions and home values. If your property is dramatically above market, why waste time? Their time is better spent previewing homes that are priced realistically.

  Dropping Your Price Too Lat

  If you start out with a high sales price, then drop it later—your property is “old news”. You will never be able to recapture that flurry of initial activity you would have had with a realistic price. Your property could take longer to sell.

Price reduced

 

Even if you do successfully sell at above market price to an uninformed buyer, your buyer will need a mortgage. The mortgage lender requires an appraisal. If comparable sales for the last six months and current market conditions do not support your sales price, the property won’t appraise. Your deal falls apart. Of course, you can always attempt to negotiate the price, but only if the buyer is willing to listen.

Your property then goes “back on the market”. Other Realtors will know this, as will their buyers, what do you think their response will be to your home?

Once your home sits on the market awhile, it is harder to get a good offer. Potential buyers will think that you might be getting desperate, so they will make low offers. By overpricing your home in the beginning, you could actually end up settling for a lower price than you would have normally received.

 In summary, when you decide to sell your property, why not work with someone who knows the market and is financially and emotionally strong enough to guide you? Who will not tell you what you want to hear. The truth hurts but you might as well hear it now than 3 months later! To get results, let’s discuss your options and let you start packing!

How To Get Results When Selling a Condo in London Ontario

When selling a condo in London Ontario and to get good results, first impressions make a significant impact on a buyer’s decision-making process!

Once your condo goes is listed on MLS, it becomes a product. Home Styling simply allows you to highlight the best of your condo and de-emphasize its flaws. It’s not about decorating, but actually turning your home into a model, to appeal to the broadest range of prospective buyers. The goal is to make people feel like they could live there, and the best way to do this is to “neutralize” the surroundings.

Sell at a Top Value Prepare Before Selling
Try out these helpful styling tips that out team of professionals use. Things you can do for little or no expense—to put a condo in prime showing shape.

  • Clear out closets and clutter—sellers can give away or pack up toys, linens, and small kitchen appliances to store offsite. Buyers are also forgiving of storage boxes neatly tucked away in a garage or basement.
  • Focus most on the most visible areas—the foyer, kitchen, living room, master bedroom, and family room.
  • De-personalize the home by removing photos, mementos, and dated items.
  • Use plants in colorful pots or inexpensive wicker baskets to fill in empty spaces.
  • Try angling one or two pieces of furniture slightly and move furniture 4 inches to 6 inches from the wall to create more interesting room spaces.
  • Put away large collections— porcelains, plates, and so on.
  • Remove valuables, prescription medicine, collectibles, and breakables.
  • Refrain from cooking anything that leaves a distinctive odour, such as fish, garlic, or cabbage.
  • Hire a professional service to clean the home, including the carpets and the windows.
  • Set the dining room table with attractive linens, dishes, and stemware.
  • A mirror in a pretty frame can make a small room feel more open.
  • Use as much natural light as possible. Add extra lamps in dark rooms or corners.
  • Make functional repairs—fix dripping faucets, sticking doors, lightbulbs

Read more about :

It All Starts With Creating Curb appeal  Page 3

The Entry Way Sets the Stage     Page 5

Tips for Every Room In the House  Page 6

Making the Most of Your Kitchen and Dining Room  Page 8

Can The Buyers See Themselves Living in the Living Room? Page 10

Make the Bathroom Sparkle  Page 11

Look at These Big Beautiful Bedrooms!  Page 12

Create a Clutter Free and Functional Home office  Page 13

Making the most of the Basement / Laundry Spaces Page 14

101 ways to sell your condo

Why Not Own a London Ontario Condo?

Why not own a London Ontario condo, especially if you are paying rent over $850 per month!

Have you been renting your place for long?  If so, you have probably become intimately familiar with the disadvantages of being a tenant:  increasing rents, odours, uncorrected maintenance problems, and unsympathetic landlords.

Sound familiar?

Why, then, are you renting?  Others who have just purchased their first house or condo tell me they rented for three basic reasons:

  1. Lack of down payment money.
  2. Fear of not being able to qualify for a mortgage.
  3. Uncertainty of the benefits of home ownership.

As homeowners today, or should I say condo owners, they now realize their fears were groundless.  There are many mortgage options available and with today’s low interest rates, monthly payments, condo fees and taxes can be lower than the rent you are currently paying!

Does that not make sense?

If you want to own your own house or condo, call me today at 519-435-1600 or drop me an email, I will be happy to explain the benefits and make arrangements for a prequalification telephone or face to face interview with a mortgage lender or two.  They will be able to guide you and make recommendations so that you will be able to buy, even if it is 3-6 months from now.

Then, with your questions answered, and knowing where you stand, you will be free to make your house or condo buying dreams come true!

Why not contact me today?