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New property listed in Bridgwater Trails, 1R

I have listed a new property at 10 Windflower RD in Winnipeg. See details here

Step into luxury in this 1959 sq ft custom-built 2020 home. A captivating entrance leads to a main floor boasting a 2 pc bath, ample closet space, and a kitchen that steals the show with quartz countertops and a garden door opening to a delightful deck overlooking green space and walking trails. The family room, adorned with built-ins and a gas fireplace, offers a cozy retreat. The upper level accommodates four spacious bedrooms, perfect for a growing family, featuring a four pc bathroom and a conveniently placed laundry room. The primary bedroom stands out with a generous walk-in closet and a 4 pc ensuite featuring double sinks. The unfinished lower level invites personalization, providing an opportunity to shape additional living space according to your preferences. Modern amenities blend seamlessly with thoughtful design, creating a comfortable and stylish living environment. Welcome to a home where elegance meets practicality in every detail.

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New property listed in East Elmwood, 3B

I have listed a new property at 713 Herbert AVE in Winnipeg. See details here

This 2013-built bungalow is currently available for showings, and offers are being accepted as written. The home features 4 good-sized bedrooms and 2 bathrooms, offering just under 1700 sq ft of living space. The fully finished lower level includes a laundry room, two additional bedrooms, a three-piece bathroom, and a spacious recreation room, perfect for family gatherings. The property is conveniently located close to shopping, schools, and public transportation.

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New property listed in South Pointe, 1R

I have listed a new property at 102 25 Tim Sale DR in Winnipeg. See details here

Ideal for first-time buyers, investors, or students, this 807 sq ft main floor unit offers 2 bedrooms and 1 bathroom. The open-concept design features an eat-in kitchen with five appliances and a spacious pantry. Enjoy in-suite laundry, ample storage. Conveniently located as a corner unit with parking right outside the front door. Close to shopping, public transportation, U of M, and South Pointe school. Don't miss the perfect location! Currently rented out for $1300 a month to a long term tenant. Book your showing today.

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Buy a Successful Investment Property Using This Guide

How can you buy an investment property and turn it into a successful business venture? The key is to start by thinking about what you want to do with the property, as several options will depend on a few factors. Are you skilled at DIY repairs and renovations? Do you know which types of repairs are best left to the professionals? Are you prepared to become a landlord? Is the location of the property ideal for a vacation rental?

Investment properties require quite a bit of continuous work on the owner’s part, so you’ll want to ensure that you have the time and energy to put into it. Keep these tips from real estate expert Tony Martone in mind when you’re prepared to become an investment property owner.


Keep your options open

As you’re thinking of what you want in a property, it’s crucial to learn what renters are searching for in your area. What will make your space appealing? How can you separate your properties from others in the community? What are local market conditions like? Are you open to multi-family buildings, like condos and duplexes?


Be wise about fixer-uppers

When delving into the housing market with an eye for fixer-uppers, it’s crucial to approach fixer-upper properties as a potential goldmine for savings. These homes, often in desirable neighborhoods, can offer significant value for those willing to invest in renovations. However, caution is key when considering a fixer-upper. It's important to conduct thorough inspections to identify potential structural issues, outdated electrical systems, or plumbing problems that could escalate costs. Understanding the extent of required renovations and their associated costs is essential to determine if the investment aligns with your budget and renovation skills. Additionally, researching local rental rates, if you plan to lease the property post-renovation, can guide your investment decisions, ensuring the property’s profitability in the long term.


Get a loan that meets your needs

Securing the right loan is a crucial step once you've identified your ideal property. The market offers a variety of mortgage options, each catering to different financial situations and needs. For instance, a conventional mortgage is a popular choice, but there are also specialized programs designed to aid first-time home buyers. These programs often offer advantageous terms and conditions, making homeownership more accessible. Before applying for any loan, it's important to have a clear understanding of your credit standing. Consider using a credit monitoring app, which can help you track your credit score and provide tips to improve it if needed. A strong credit score can not only increase your chances of loan approval but may also secure you more favorable loan terms.


Make some tough decisions 

Whether you’re planning to turn your property into a vacation home or a long-term rental, you’ll need to make a few decisions about how it will be managed. If you want some hands-on experience, HomeVault suggests managing the property yourself. This will require some knowledge of home repairs and maintenance, as well as a fairly close proximity to your own home so you won’t be too far away in case of emergencies. Sound too overwhelming? Consider hiring a property management firm that can take over important tasks and even handle collecting payments and booking tenants.


What to know about creating an AirBnB 

Creating an appealing Airbnb property requires a mix of good location, stylish interior design, and excellent guest service. Choose a location popular with travelers, close to attractions or business hubs. Furnish the property to be comfortable and visually appealing, with essentials like high-quality bedding, a well-equipped kitchen, and fast Wi-Fi. Adding unique touches, such as local art or guidebooks, can make your space stand out. Prioritize a smooth check-in process and uphold high cleanliness standards to enhance guest satisfaction. Lastly, be a responsive and attentive host, managing bookings and addressing guest needs promptly.


Make repairs and upgrades 

Making repairs and updates to your investment property is crucial to maintaining its value and attracting tenants. Regular maintenance ensures the property remains in good condition, thus preventing costly repairs down the line. As for updates, these can significantly enhance the property's appeal and functionality. One such update could be adding a range hood to the kitchen. A range hood not only improves ventilation, reducing odors and indoor pollutants but also adds to the overall aesthetics of the space. It's an addition that can boost the kitchen's functionality while also increasing the property's marketability. Remember, strategic updates and regular repairs are key to maximizing the return on your investment property.


Invest in smart home features

Integrating smart home features can significantly increase your rental’s attractiveness. Modern tenants often seek convenience and efficiency in their living spaces, making smart home technology a valuable addition. Installing smart thermostats, for example, offers tenants the ability to control heating and cooling remotely, ensuring comfort while also being energy-efficient. Smart locks and smart cameras provide enhanced security and the ease of keyless entry, a feature particularly appreciated by those who value security and convenience.  These technological upgrades not only make your property stand out in a competitive rental market but can also justify a higher rental price.


Conclusion

Purchasing a successful investment property is a multifaceted endeavor that demands careful consideration and strategic planning. From conducting thorough market research to selecting the right location, and from understanding your financial commitments to making smart, appealing upgrades, each step is crucial in shaping a profitable investment. Remember, the key to success lies not just in the acquisition of the property, but also in its management and continuous improvement.

Are you looking to buy investment property in Winnipeg? Connect with real estate expert Tony Martone today!

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Unveiling the Motivation Behind Your Homeownership Journey
Last year may go down in real estate history as the year of correction. After a pandemic-fuelled, seller-benefitting boom — with bidding wars, inventory shortages and spiralling prices all over the country — the housing market began to cool down in 2022. The impact of inflation and fast-rising interest rates dampened buyers’ interest, causing sales to slow and price appreciation to decelerate. But now, as we begin 2024, inflation is much lower, buthome prices and mortgage rates are both still high.
 
All this made 2023 something of a transitional year. Sellers still have an edge in many areas, thanks to a continued scarcity of houses, and no one expects a dramatic housing market crash. Still, many analysts see a shift coming toward a more balanced market, benefitting buyers.
 
Whatever the economic state of the real estate market, buying a house can be an exciting and emotional process. Before starting your search, be sure you understand the ins and outs of home-buying. Doing so will empower you to make the best decisions for your family — and your wallet.

Purchasing a home is a major decision that shouldn't be taken lightly. If you're not clear on exactly what you want out of homeownership, you could end up regretting your choice.

Get started: Define yo personal and financial goals. Buyers should think about things like when they intend on moving and what they want in a home - amenities, ideal location and how long it could take them to save for a down payment. These are all important to help define the goals they would like to meet.

Tips:

  • Make a list of what's important to you in a home.
  • Is location the top priority? Any must-have amenities?
  • Analyze whether it makes sense for you financially. Would renting for another year or two improve your financial standing?
  • Be sure you're prepared for the ongoing expenses of maintaining a home.

Cover Photo by Jenny Ueberberg on Unsplash
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New property listed in 4A

I have listed a new property at 651 Magnus AVE in Winnipeg. See details here

Show and sell. Great investment property. This triplex has a total of six bedrooms with each suit having two bedrooms each. All units have separate utilities. Currently one unit is rented for $630.00 a month with tenant paying all utilities. The other 2 units are currently vacant.

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New property listed in R38, R38 - RM of Portage la Prairie

I have listed a new property at 123 COTTONWOOD RD in Poplar Point. See details here

Nestled on 2 lots, this 1140 sq ft Grandeur Modular home boasts elegance and functionality. The primary bedroom offers a 3-pc en suite , while the bright kitchen with a skylight features a spacious island and a walk-in pantry in the concept kitchen area. Two additional bedrooms and a 4-pc bathroom complete the opposite side of the home. The property is fenced in for security, offering a sense of privacy. Quick possession is available, making this an ideal opportunity for those looking for a seamless transition into a thoughtfully designed and modern living space.

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New property listed in Wolseley, 5B

I have listed a new property at 530 Craig ST in Winnipeg. See details here

Upgraded 2 bedroom home perfect for that first time buyer or savvy investor looking at adding to their portfolio Located in one of Winnipeg's most sought-after communities close to Polo Park and dozens of restaurants. Don't miss your chance to view this fantastic home, call us today to see it before it’s gone.

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New property listed in R17, R17

I have listed a new property at 241 Boyne AVE W in Morris. See details here

Call all investors and builders. Value only in land. 4 separate titles on a 100 X 100 lot House has not been lived in for a while. No PDS as owner has not lived in the home. Located at the rear of the property is a 26 x 44 workshop

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New property listed in RM of St Francois Xavier, R11

I have listed a new property at 838 26 HWY in St Francois Xavier. See details here

Long term original owners say sell. Located on 5.5 acres of river front property. As you enter the front hallway of 1872 sq ft two storey is adjacent to sunken living room offering stone facing fireplace leading to the kitchen has newer white panel cabinetry, center island with angled breakfast bar. There is patio doors to other room which was used for a area to begin all your plants for the season off kitchen. Down the hall is a 2 pc bath with an adjacent family room with wet bar and gleaming hardwood flooring. From the family room is a staircase to lower sunroom, offering vaulted pine ceilings with skylights, tile flooring, tile ledge, and garden doors leading to a rear patio. The upper level offers 3 good size bedrooms , full 5 pc bath with the primary bedroom offering a walk in closet and 2 piece ensuite. The lower level has a suspended ceiling, small den, cold room with shelving, recreation room as well as mechanical area with newer geo-thermal mechanical system, hot water tank, and storage.

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New property listed in RM of MacDonald, R08

I have listed a new property at 3 Park COVE in Sanford. See details here

Welcome to your move-in ready home located in a highly sought-after 50+ community! This stunning property boasts 1,520 square feet of spacious living, with 3 bedrooms and 2 bathrooms. When you enter you'll immediately notice the elegant + stylish upgrades throughout the home, including fresh paint, a new shingles + new furnace. Open-concept living room + dining room area are perfect for entertaining guests or relaxing with loved ones. The chef's dream kitchen. Plenty of counter space, modern appliances and ample storage. Enjoy a morning cup of coffee or an evening glass of wine on the beautiful composite deck overlooking the serene and lush backyard. The outdoor living space also features a gazebo, perfect for hosting outdoor barbecues or simply enjoying the fresh air. Oversized single garage with additional storage space. This home is waiting for you to call it yours. Don't miss out on this opportunity to live in a beautiful and serene community with all the amenities you need only minutes from Winnipeg.

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