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St. John's Newfoundland is one of North America’s oldest cities. Spectacular coastlines, panoramic views, outdoor adventure, rich history and culture await all who live here.
Stephen & Fraser Winters your RE/MAX real estate agents for St. John's. Buying, selling or relocating to St. John's Newfoundland? Put the successful Father and Son Realtor team to work for you. Fraser and Stephen will show you the smart approach to buying and selling St. John's Real Estate.
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STEPHEN 709.682.9045
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Looking to buy a home in St. John’s? Relocating from another city to St. John's? Fraser and Stephen Winters are here to help you! Whether you are buying or selling, take advantage of our free St. John's real estate market reports and access to the St. John's area MLS.
Since Chevron signed the multibillion-dollar memorandum of understanding to develop the Hebron offshore oilfield project back in August 2007, St. John's real estate and surrounding areas have gained favorable optimism and increases in residential homes. Looking to sell you home for TOP DOLLAR? Contact Fraser and Stephen Winters for your free, confidential Home Market Evaluation
This real estate blog is written by Fraser & Stephen Winters. We both are full time successful top producing RE/MAX Realtors in St. John's, Newfoundland. The information contained on this website is from sources believed to be reliable. However, it may be incorrect. This information should not be relied upon without personal verification. We assume no responsibility for its accuracy. This information is not intended to solicit clients already under contract. For more information about us visit our website.
Looking for neighborhoods or school information for a particular street in St. John's or Mount Pearl? We can help you find the right neighborhood by browsing information on schools and property values and much more.
Investment property near CONA, MUN and Marine Institute – 156 Higgins Line
Fraser and Stephen Winters have just listed 156 Higgins Line. An absolutely fantastic 2-apartment home located on the doorstep to Marine Institute, CONA and MUN. Lots of upgrades in recent years including roof, siding,vinyl windows and laminate flooring. 3 bedrooms in the main unit and 2 bedrooms in the basement apartment. Large open concept dining room adjacent to the living room. Master bedroom has a 2 piece ensuite. Large recroom in basement for the main unit living area. Conveniently locate on bus route. Home is situated on a large deep lot (land goes back further then back fence) a rare find in this area. Great investment property! MLS Number: 151858 Asking price is $277,900.
New Listing near Memorial University and Avalon Mall – 12 Keane Place
Fraser and Stephen Winters have a new listing in St. John’s – 12 Keane Place. A well cared for multi level, 3 bedroom townhome in an ideal location close to Taxation Centre, Memorial University and Avalon Mall. New carpet and laminate flooring throughout majority of home. Vinyl windows and vinyl siding. Eat-in kitchen with door to patio deck. Separate family room on main floor. Basement is developed. House size is approximately 1500sqft. MLS Number: 151781 Asking price is $139,900. Could make for an ideal investment property as similar houses in the area have rented for $900.
Virtual Tour of 12 Keane Place – Click here
Changes made to Canadian Mortgages
April 19th is the deadline for the old mortgage rules. After this, the new changes proposed by the Canadian government earlier this week will be in effect. Personally I think the rules are a good move from the governments part and in the long run protect Canadians from taking on additional debt. As well, for those thinking we are in a housing bubble it should assist in slowing the pace a little.
Starting April 19th, the new mortgage rules are as follows:
1) All new borrowers will have to meet standards for the 5 year fixed-rate mortgages even if they’re seeking a shorter, variable-rate loan.
2) The maximum amount Canadians can withdraw when refinancing is now 90% of the value of their homes down from the current 95 per cent. It’s a good idea to personally cap this at 80% – if you go over 80%, CMHC fees are applicable.
3) For those interested in an investment property, you will be required to have a 20% down payment for government-backed mortgage insurance on speculative investment properties.
The third rule change seems to be the harshest of the three as there are a number of people interested in buying investment properties for the long term (ie for retirement). It’s a big price hike for a down payment on an investment property now. An average 2-apartment home in St. John’s is around $250,000. This means a purchaser would need $50,000 for the down payment. Again, the 20% will help avoid your CHMC fees when purchasing an investment property.
What are your thoughts for the new upcoming changes in Canada’s mortgage rules?
New Listing in Pleasantville near Quidi Vidi Lake – 3 Arnold’s Loop
Fraser and Stephen Winters just listed an extremely well looked after property located in Pleasantville, in the east end St. John’s. Three bedrooms, 1 and a half bathrooms. Hardwood floors throughout most of the home. Property is heated with an electric hot water radiation system providing very low monthly heating bills. Located within walking distance to Quidi Vidi Lake (walking trails) and downtown St. John’s. The Metro Bus passes right in front of the property. Front and rear garden well maintained. Ideal home as an investment property or for a first time buyer. Asking price is $169,900.
Home for sale in Cowan Heights – 47 Greenspond Drive
Located in the West End of St. John’s in Cowan Heights, this 12 year old two apartment home is in great condition. Vinyl siding, vinyl windows and more more. Eat in kitchen with oak cabinets and door leading to rear patio deck. Main floor unit has three bedrooms and a rec room plus additional 4th bedroom in basement. One bedroom basement apartment has its own laundry room and is currently rented. Property is fully fenced with rear patio and shed. Call Fraser or Stephen Winters for more details or for a viewing. Asking price $249,900 MLS Listing: 148302
New listing near Memorial University – 113 Prowse Ave
Fraser and Stephen Winters just listed 113 Prowse Ave. This is a nice little three bedroom, two story home within walking distance to the taxation center and Memorial University (MUN) and in close proximity to the Avalon Mall. Most of the main floor is hardwood floors. Family room with propane fireplace and french doors leading to formal dining room. Property is fully fenced and has lots of privacy in the mature back yard. Could make for a great investment property in St. John’s or as a starter home for the first time buyer. Asking price is $174,900
Investment property for sale in Airport Heights St. John’s
Just listed on 16 Branscombe Street a registered Two Apartment backing on Pippy Park Golf Course in the popular Airport Heights Subdivision. Large country kitchen with cherry stained oak cabinets. Master has 1/2 bath and walk- in closet. Rec room in basement for main floor. Large 2 bedroom apartment with own laundry. Property is fenced with a 10 x 12 patio deck and a 10 x 12 shed. Asking price is $259,900
Recommended Real Estate Links
- Fraser and Stephen Winters
- Remax St.John's
- Terry Kelly
- St. John's MLS Listings
- Carter Home Designs
- St. John's Newspaper
- VOCM Local News
- CBC Newfoundland
- Eastern School District
- St. John's Weather
- St. John's Board of Trade
Real Estate Sites
- Search MLS.ca
- St. John's Listings
- Globe & Mail Real Estate
- Real Estate Blogs Directory
- Canadian real estate
- Home Builders Association
- Atlantic Home Warranty
- Homeplus Online
Recent Entries
- CMHC Reports St. John’s Area February Housing Starts
- Investment property near CONA, MUN and Marine Institute – 156 Higgins Line
- New Listing near Memorial University and Avalon Mall – 12 Keane Place
- Newfoundland Real Estate MLS Stats February
- Low inventory levels set stage for heated Spring market says RE/MAX
- Protect, Maintain and Enhance the value of your home with HouseLogic
- Kirkland Balsom St. John’s Real Estate Market Overview 2010
- Changes made to Canadian Mortgages
- Interesting Real Estate links throughout Canada
- New home for sale in St. John’s East End 28 Cambridge Ave
Mortgage Rates
