Beauty at The Berkeley

406-2025 Maria Street, Burlington:

Sold! – The Berkeley – downtown Burlington’s dazzling new hotel-inspired residence. Be the first to live in this exquisite 1200 sq. ft. 2 bed, 2 bath condo. This corner unit feature 9′ ceilings, modern two-tone kitchen featuring expansive island with quartz countertops, endless upgrades including: quartz backsplash, stainless steel appliances with custom paneled counter depth Monogram fridge and engineered hardwood throughout. Large living and dining space with floor to ceiling windows flooding the room with natural light. Spacious master bedroom suite with walk in closet. Large ensuite bathroom features double sinks and separate bath & shower. Spacious second bedroom with full bathroom conveniently located beside. Split floor plan allows for ample privacy in unit. Enjoy relaxing or entertaining on the private wrap around balcony with south west exposure. Includes two underground parking spaces and two storage lockers.

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Burlington provides opportunities for residents and investors alike

by Kimberly Greene
29 Oct 2019

Formerly a commuter town, Burlington, Ontario has become a destination for people to call home—and an area of interest for investors.

For starters, Burlington has become a more attractive place to live, period. The city is home to 183,000 people and plays a large role in a number of industrial sectors, including food processing, packaging, electronics, chemical, and pharmaceutical, but it’s been able to transcend those industrial building blocks and embrace more attractive aspects of its location, including its proximity to the lake and access to the Niagara Escarpment.

Maclean’s ranked Burlington as the best community in Canada in 2019, and MoneySense magazine considers it one of Canada’s best mid-size cities.

Vince Molinaro is the President of the Molinaro Group, a condominium and commercial real estate developer with roots in Hamilton and operating in Burlington. In a recent white paper, he explains why investing in Burlington is more attractive now than it has been in the past.

“Burlington has become a go-to location for many smart investors because of its location, lifestyle and the quality of the projects available,” Molinaro said.

The Molinaro Group can lay claim to many projects in Burlington. Since 1963, the company has developed over 10,000 residential units and more than one million square feet of commercial real estate in the city, including some of the development along the waterfront.

Condo living

There’s been a growing interest in condominium developments, which are becoming more attractive than other types of residential investment properties in Burlington, such as single- and small multi-family units. Molinaro agrees, saying that all of their condos sell out “year after year, project after project.”

Although condos are nothing new, there are external constraints that make them an increasingly necessary part of city living.

“The Green Field Build Out means that there isn’t much land left in Burlington for single family homes or townhouses,” Molinaro said. “Most of the available land within the Burlington Urban Boundary has been used, and the Province won’t allow additional builds. Most, if not all, of the new builds in Burlington will be mid- to high-rise condos.”

That’s not necessarily a bad thing, however. The entry pricing of condos is attractive in comparison to low rise housing, and that makes ownership much more accessible to first-time buyers and/or investors. While condos are typically smaller, they offer amenities that aren’t available in low-rise products: luxurious pool and spa facilities, party rooms, fully appointed guest suites, decks and terraces, theatre and games rooms, and even outdoor lifestyle and exercise amenities.

Condos also offer a shared expense model which ensures that all of these facilities are properly maintained.

Demand is high, and developers such as the Molinaro Group are working to get new product to market as quickly as they can. Even though condos are typically thought of as being less desirable than single detached properties, buyers priced out of the Toronto market are still looking for somewhere to live. Investors can capitalize on this dynamic.

“It’s never too late to get into the market, given the history of appreciation in land and housing prices. So, if you’re keen on owning in Burlington, act now. Keep in mind that investing in real estate is about investing in your future. There are few investments that can say that. After all, you can’t live in or rent out a mutual fund,” Molinaro said.


October Stats are Here!

Hamilton, ON (November 4, 2019) – The REALTORS® Association of Hamilton-Burlington (RAHB) reported 1,145 sales of residential properties located within the RAHB market area were processed through the Multiple Listing Service® (MLS®) System in October 2019. October sales are up from September and August, as well as up from October 2018 by 6.4 per cent. The average price for residential properties increased by 7.1 per cent from October 2018 to $602,029.


“The RAHB market area experienced more activity in October with an increase in number of sales from last month, as well as from the previous year, which is good news for sellers,” says RAHB President Bob Van de Vrande. “The number of new listings dropped by eight per cent compared to October 2018, and by nearly 12 per cent since last month, so there was less choice for buyers.”

The number of sales for detached single family properties within the entire RAHB market increased by 10.9 per cent compared to the same month last year, and the average sale price increased by 6.6 per cent. Townhouse sales activity across the entire RAHB market area also increased from October 2018 by 6.8 per cent, and the average townhouse sale price increased by 8.7 per cent to $514,438. Apartment-style property sales decreased by 4.2 per cent from October 2018, and the average price increased by 3.4 per cent.


“Historically, a move toward colder weather means activity slows. This October saw an increase in sales over September, which could be attributed to many different factors,” says RAHB CEO Carol Ann Burrell. “Market statistics can be tricky to analyze – working with a local RAHB REALTOR® will help you navigate the numbers, as well as the communities they serve.”

Specific neighbourhoods within the overall RAHB market area see results that often differ from the average of the entire RAHB market area. Because neighbourhoods vary, determining the right price and conditions when buying or selling a property can be challenging. Local RAHB REALTORS® have the experience, knowledge and tools to help buyers and sellers make those big decisions.


*Average sale price can be useful in establishing long-term trends, but should not be used as an indicator that specific properties have increased or decreased in value. Talk to your local REALTOR®.