www.drewloholdings.com 161 Fallowfield Drive Kitchener 519-957-1840 NON-SMOKING BUILDING! NOW LAUNCHING! KITCHENER’S First All Non-Smoking Rental Apartment! Guelph-Kitchener-London-Windsor Edition Nov. 24 - Dec. 08, 2012 Volume 20 Issue 24 INSIDE THIS ISSUE LOOKING TO DOWNSIZE? MAKE THE SMART CHOICE AND RENT
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www.drewloholdings.com
161 Fallowfield Drive Kitchener519-957-1840
NON-SMOKING BUILDING!
NOW
LAUNCHING!
LAUNCHING!
KITCHENER’S First All Non-Smoking Rental Apartment!
• 5 appliances including ensuite laundry• Individual A/C & Heating• 1, 1 Bedroom + Den, 2 Bedroom or 2 + Den Suites• 2 Bedroom suites have 2 Bathrooms• On Bus Routes, Close to Shopping• phone, internet and satellite available in unit
Ceramic flooring, 9ft. ceilings,fireplace, 5 appliances (in-suite laundry), A/C. Secured underground parking included in rent, guest suite, lounge, exercise roomUtilities Incl. Pay Personal Hydro.
TheRenaissance
TheRiverview
WestmountPlace
WestmountEstates I
WestmountEstates II
PictonPlace
TheChantry
71 King Street King St. & Ridout St.
284 Wonderland Rd. S. Wonderland Rd. & Springbank Dr.
800 Wonderland Rd. S. Wonderland Rd. S. & Viscount Rd.
325 Southdale Rd. W. Wonderland Rd. S. & Southdale Rd. W.
335 Southdale Rd. W. Wonderland Rd. S. & Southdale Rd. W.
22 Picton Street Picton St. & Queens Ave.
1 & 1+den suites2 & 2+den suites
1 & 1+den suites2 & 2+den suites
2 bdrm / 2 bath suites
2 bdrm / 2 bath suites
2 bdrm / 2 bath suites
2 & 2+den suites2 & 2+den suites
2 & 2+den suites
300 North Centre Rd. Richmond St. N. & Fanshawe Park Rd.
Ceramic/laminate flooring, kitchens w/granite countertops, The 1 & 1+den suites
l o n d o n ’ s f i n e s t
Premiere Apartment Rentals
ALL Utilities Included.12th floor Penthouse avail Dec 1st – terrace overlooking city; luxury kitchen, 6 appliances incl in suite laundry and wine fridge; u/g parking; 2,400 sq ft.
Estates II335 Southdale Rd. W.Wonderland Rd. S. & Southdale Rd. W.
DO
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WES
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WES
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Jan 1st
availab
ility
AVAIL
NOW –
2 bed/2 bath
IMMEDIATE
OCCUPANCY –
2 bed/2bath
2 bed/2 bath
avail J
an 1st
AVAIL
JAN 1st
Dec 1st
availab
ility
NO
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18812
2 Nov. 24 - Dec. 8, 2012Please say you saw it in Renters Guide!
2
London
Visit our new website to view our virtual tours and apply online!Rental Hotline: 519-433-4633
Same Day Approval! Pre-Authorized Payment Plans Available!
HO
ME
ST
EA
D.
CA
HO
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ST
EA
D.
CA
A Trusted Place To Call Home Since 1954
Be on the lookout for our new signs!
Base Line Rd E
Wel
lingt
on R
d
Commissioners Rd E
854 Commissioners Rd. E.
Hours: Mon-Fri 8:30-8; Sat-Sun 10- 4
519-668-0616
5 appliances
Controlled entry with camera
Covered parking available
Seasonal pool
Tennis court
Fitness centre
Walk to Victoria Hospital-Westminster Campus
Children’s Hospital & Parkwood Hospital
Close to Hwy 401, on bus routes
Roseland PlaceCoMMiSSionERS & AdElAidE
Luxury Condo Style
1 & 2 Bedroom Suites
Commissioners Rd
Wha
rncl
iffe
Rd
Won
derl
and
Springbank Dr
492 Springbank dr.Hours: Mon-Fri 8:30-8;
Sat-Sun 10- 4
519-472-2032
Close proximity to all major amenities
Clean, quiet building
Laundry facilities
Near Springbank Park
On bus route
Utilities Included
Ample parking available
Springbank ManorWondERlAnd & SpRingbAnk
Bachelor1 Bedroom 2 Bedrooms
Oxford St. W.Won
derla
nd R
d.
680 & 690 Wonderland Road north
Hours: Mon-Fri 8:30-8; Sat-Sun 10- 4
519-471-6759
Controlled entry with camera
Utilities included
Reserved underground parking available
Seasonal pool
On bus route
Close to shopping
Modern laundry facilities
Trillium Towers I & IIWondERlAnd & oxFoRd
Large 1 Bedroom 2 Bedrooms 2 Bed/2 Bath
Base Line Rd E
Wha
rncl
iffe
Rd
S
Commissioners Rd E
Highland Ave
450 & 460 Highland Ave.
Hours: Mon-Fri 8:30-8; Sat-Sun 10- 4
519-672-8730
Seasonal swimming pool
Covered or outdoor parking
Tennis Court
Sauna
Exercise room
Close to grocery, drugstore & Tim Hortons
On bus route and easy access to Hwys 401 & 402
Controlled entry with camera
Modern laundry facilities
Highland Park I & IICoMMiSSionERS & WHARnCliFFE
1 Bedroom 2 Bedrooms
18834
3Nov. 24 - Dec. 8, 2012 Please say you saw it in Renters Guide!
Looking for an apartment homewhere quality assurance
makes a difference,then choose a
Certifi ed Rental Building!
Why live anywhere else?
3
Windermere RoadKipps Lane
Dundas Street
Oxford Street
Huron Street
Ric
hmon
d S
tree
t
Adel
aide
St
reet
Wel
lingt
on R
oad
Hig
hbur
y A
venu
e
McN
ay
BRADEL PROPERTIES LTD.a fresh new beginning!
✔ Large, spacious bachelor, 1, 2 or 2 + Den bedroom suites with balconies
contriBUting editors Sara Duck, Lydia McNutt, Wayne Karl, Elisa Krovblit
contriBUtors Jane Herman
senior ProdUction manager
Gnanapandithan Bala
ProdUction manager
Nikki Yarwood
art director
Lee Cobham
graPhic designers
Brad Smith
ProdUction Kiran Sharma
Please recycle this magazine! Wall2Wall Media participates in the Partner’s In Growth Reforestation Program through St. Joseph Communications. To date, Partners in Growth has planted over 2.5 million trees in parks, recreation and conservation areas, and other public
spaces across Canada. Established in 1990, this program was started with Scouts Canada to help replenish the environment.
EDITORIAL FEATuRES
401 The West Mall, Suite 500Etobicoke, Ontario M9C 5J5
to adVertise:Phone: 416-626-4200Fax: 416-626-8097
renters' help 46 How to make moving easier on your kids
54 Looking to downsize: Make the smart choice and rent by Jane herman
Published by
Copyright 2012: All rights reserved by Renters Guide, Toronto, Ontario. Reproduction in any form is prohibited. Contents of this publication are covered by Copyright and offenders will be prosecuted under the law.
Wall2Wall Media is a trademark of Yellow Pages Group Co. in Canada.
homeTRADER and The homeTRADER & Design are trade-marks of Apax Partners LLP, used under license
54
46
4
are you too busy to manage a home? Perhaps you’ve done the homeownership thing, and want to unshackle yourself from the costs of upkeep and home maintenance?
Most everyone these days is looking at ways to de-stress and simplify their lives, and renting rather than owning one can be one of the easiest ways to get relief. When you really think about it, it’s an option that may take some getting used to!
Needless to say, when you’re renting a home, your “to-do” list will likely look very different than those from your homeownership days. Whether you’re a life-long renter or a homeowner in need of a change, this issue of Renters Guide is for you.
We’ve got some great advice on renting and decorating in the issue. Check it out! Your new “to-do” list is waiting.
h ow much consideration have you given to living a Green lifestyle? Small lifestyle changes can make that can have a huge impact. Renters often think that there’s nothing that they can do – that
they’re limited by the building’s systems. It’s true – most apartment buildings were built in an era before being Green was an important part of life. Garbage chutes don’t separate for recyclables and compost, most light fixtures were intended for use with plain old incandescent light bulbs and nobody was designing with sustainable materials like bamboo and cork.
But this doesn’t mean renters can’t take the responsibility of being Green personally. There are many steps to take to being a Green renter. Switch the old bulbs over to compact fluorescent light bulbs, halogen or LEDs when possible, especially if you’re considering changing up the lighting fixtures. Water conservation comes by letting the landlord know when there’s a leak, and you can even opt to change your shower head to a low-flow to conserve.
While many property managers will listen and consider suggestions to Green up the building and there are already many companies that have taken the initiative to retrofit their buildings with new technologies and make changes like using low VOC paint, low-flow toilets and extensive recycling programs, there are still many things renters can do individually that will make a huge impact, from making conscious purchasing decisions to making sure to turn off lights and unplug appliances when not in use. Every little bit helps considering the massive number of renters in the city!
While thinking Green, it’s time to find that apartment. We’re here to help. With Renters Guide in hand you’ll find the perfect place. Our magazine and website, homeTRADER.ca, offer the best selection of available apartments as well as informative articles and advice, making it easy to make your move!
$49.95+$6.49(HST)=$56.44(Rates based on single unit classified ads)
$69.95 (+ HST)
Four weeks
ClAssified Ad deAdlinesPhoto ads must be received by noon Thursday. Word ads and renewals are accepted until noon Thursday.Cancellations and changes (to existing ads) must be made by noon Thursday.
displAy AdvertisingFor Kitchener and London display ads please call the 519-672-7368 or 1-800-727-2129 Ext. #2
renters guide ClAssified Ad insertion form401 The West Mall, Suite 500, Etobicoke, ON M9C 5J1 • Tel: 1-855-626-4029 • Fax: 1-855-626-8097
plACe your Ad…
1
2
3
By phone: 519-748-4830 or 1-866-234-9879 Call and charge your ad to your credit card. An experienced Renters Guide Advertising Consultant will assist you. Office hours: Monday-Friday 9:00am -5:00pm
By fAx or mAil: 1-855-626-8097 Fill out the Renters Guide Ad Insertion Form (below) and fax it to 1-855-626-8097 or mail it with payment to: Renters Guide, 401 The West Mall, Suite 500, Etobicoke, ON. M9C 5J1
online: hometrader.ca Visit our website at hometrader.ca or call 519-748-4830 or 1-855-626-4029 for details on internet/print combo package.
The Renters Guide makes every effort to ensure the accuracy of our index, however availability and prices change daily. Please refer to the specific ad and call the advertiser for more details.Visit us at
Stud
io/B
achelo
r
1 Bed
room
3+ B
edro
om
Park
ing
Balcon
y/Pati
o/So
larium
Fitnes
s
Stor
age
Near T
ransit
2 Bed
room
Utiliti
es In
cluded
Air Con
dition
ing
Pool
Laun
dry
Furn
ished
Price Range Page
No.
Complex
LondonCLV Group Various Locations Inquire ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ 8G
The Renters Guide makes every effort to ensure the accuracy of our index, however availability and prices change daily. Please refer to the specific ad and call the advertiser for more details.Visit us at
Z Group - 940 Commissioners Road - Commissioners & Adelaide From $695 ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ 28
9
Rental Directory
The Renters Guide makes every effort to ensure the accuracy of our index, however availability and prices change daily. Please refer to the specific ad and call the advertiser for more details.Visit us at
Finkle St. & Juliana St. - 505 Finkle St. - Tricar Inquire ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ 42
Woodford Apartments Inquire ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ 42
10
11Nov. 24 - Dec. 8, 2012 Please say you saw it in Renters Guide!
11
London London
Professionally managed by www.ndev.ca
GREAT NEIGHBOURHOODBRIARHILLS - 295 & 305 Briarhill Avenue, London
N R
519-675-1581
GREAT LOCATION
R
R
519-438-5411
LARGE SPACIOUS 3 BEDROOM TOWNHOMES
CHERRY TREE MEWS - 310 Westminster Avenue, London
WALK DOWNTOWN...699 Talbot Street, London
1867
1
Come Home to Norquay
SPACIOUS 1 & 2 BEDROOM SUITESSTARTING FROM $775+
519-434-6774
ONE MONTH FREE
LARGE SPACIOUS 2 & 3 BEDROOM TOWNHOMES SOME WITH CARPORT OR GARAGE
ONE MONTH FREE
ONE MONTH FREE
Nicest Townhomes in North East
London
Call Paula & Kameron
norquay property management ltd.
12 Nov. 24 - Dec. 8, 2012Please say you saw it in Renters Guide!
12
London
18808
13Nov. 24 - Dec. 8, 2012 Please say you saw it in Renters Guide!
13
London
Visit our new website to view our virtual tours and apply online!Rental Hotline: 519-433-4633
Same Day Approval! Pre-Authorized Payment Plans Available!
HO
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ST
EA
D.
CA
HO
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ST
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D.
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A Trusted Place To Call Home Since 1954
Be on the lookout for our new signs!
Windermere Rd.
Huron St.
Oxford St. E.Ade
laid
e St
. N
.
1126 - 1154 Adelaide Street North
Hours: Mon-Fri 8:30-8; Sat-Sun 10- 4
519-433-5705
Utilities included in some buildings
Ample parking availablePark-like grounds with lots of
treesSeasonal pool
On site variety storeWalk to schools & shopping
On bus routesModern laundry facilitiesClose to bicycle paths
Social room
Royal Oak TerraceAdelAide & HuroN
Bachelor1 Bedroom2 Bedrooms
Fanshawe Park Rd.Ade
laid
e St
. N
.
1560, 1570 & 1580 Adelaide Street North
Hours: Mon-Fri 8:30-8; Sat-Sun 10- 4
519-438-1188
Utilities includedCovered parking available
Controlled entry with camerasSquash court
SaunaExercise roomSeasonal pool
Park-like settingClose to schools, churches &
public transitMinutes drive to Masonville
shoppingModern laundry facilitiesClose to bicycle paths
Adelaide Towers I, II & IIIAdelAide & FANSHAwe PArk
Spacious 1 Bedroom 2 Bedrooms
Southdale Rd E
Bradley Ave
Exeter Rd
Wel
lingt
on R
d
Ern
est
1585/1595 ernest AveHours: Mon-Fri 8:30-8;
Sat-Sun 10- 4
519-690-2968
Walking distance to shopping, schools, restaurants and
entertainment5 Minutes to Hwy 401
Direct access to public transitTennis courtsSeasonal pool
Utilities includedAmple parking available
DishwasherLaundry facilities
Bradley CourterNeSt & BrAdley
1 Bedroom2 Bedrooms
Fanshawe Park Rd E
Ade
laid
e S
t N
Huron St
640, 650 & 660 Fanshawe Park road
Hours: Mon-Fri 8:30-8; Sat-Sun 10- 4
519-434-4420
Located in a park-like setting in North London
Close to Masonville PlaceOn bus route
Grocery store less than a 5 minute walk away
Fanshawe VillageAdelAide & FANSHAwe PArk
1 Bedrooms2 Bedrooms
31523
14 Nov. 24 - Dec. 8, 2012Please say you saw it in Renters Guide!
14
London
Visit our new website to view our virtual tours and apply online!Rental Hotline: 519-433-4633
Same Day Approval! Pre-Authorized Payment Plans Available!
HO
ME
ST
EA
D.
CA
HO
ME
ST
EA
D.
CA
A Trusted Place To Call Home Since 1954
Be on the lookout for our new signs!
500 & 527
Gordon AvenueHours: Mon-Fri 8:30-8;
Sat-Sun 10- 4
519-686-5850
Controlled entry with camera
Covered parking available
Seasonal pool
Tennis court
On bus route
Close to shopping
Modern laundry facilities
The Brownstone & Gordonstown Apts
coMMiSSionerS & wHArncliFFe
1 Bedroom2 Bedrooms
(Utilities Included)2 Bedroom Townhomes
(Plus Utilities)
Commissioners Rd W
Gord
on Av
e
Southdale Rd W
Wha
rncl
iffe
Rd
S
746 Fanshawe
Park road eastHours: Mon-Fri 8:30-8;
Sat-Sun 10- 4
519-439-4848
Utilities included
Modern laundry facilities
Controlled entry with camera
Quiet area
On bus route
Close to major shopping centres, including Masonville Place
Manor House Apartments
AdelAide & FAnSHAwe PArk
1 Bedrooms2 Bedrooms
Fanshawe Park Rd E
Ade
laid
e S
t N
Huron St.
1201 richmond St. n.Hours: Mon-Fri 8:30-8;
Sat-Sun 10- 4
519-439-0941
Parquet flooring
Heat & water included
Ample parking available
5 minute drive to Masonville Place
Walk to UWO campus & Kings College
Close to Richmond Row
Parkdale Place Apartments
ricHMond & UniverSity
Bachelor1 Bedrooms2 Bedrooms3 Bedrooms
Windermere Road
HuronRich
mon
d St
21 king StreetHours: Mon-Fri 8:30-8;
Sat-Sun 10- 4
519-432-1995
Spectacular views of the Thames River
Fabulous downtown location
Walk to parks, restaurants & public transit
Controlled entry with camera
Reserved underground parking available
Across from Budweiser Gardens
1 Bedroom units have 2 balconies
Modern laundry facilities
Utilities included
Peter McGregor Tower
kinG & ridoUt
Bachelor1 Bedrooms2 Bedrooms
2 Storey Suites
Dundas St.
King St.
York St. Rid
out S
t N
100 ridout Street SouthHours: Mon-Fri 8:30-8;
Sat-Sun 10- 4
519-432-3857
Controlled entry with camera
Ample parking available
On bus route
Walk to Wortley Village
Close to Budweiser Gardens, Harris Park, Covent Garden Market
Ridout Towers
ridoUt & GrAnd
1 Bedrooms2 Bedrooms3 Bedrooms
Base Line Rd. E.
Rido
ut S
t.
Horton St.
Grand Ave.
31524
15Nov. 24 - Dec. 8, 2012 Please say you saw it in Renters Guide!
15
Open Monday to Thursday 9am to 7pm, Friday 9am to 5pm,
Saturday and Sunday 10am to 5pm
Phone: 1.888.713.9159
London
If you’re looking for “just the right place”
we’ve got the right place to start.
Visit our Residential Rental Information Centrein Forest Hills and find everything you needto choose your “right place”. Old Oak’s friendlyadvisors will help you find the location, floorplans and amenities that are just right for you.
Sugarcreek TraIl
405 Sugarcreek Trail 1 & 2 Bedroom suites
425 Sugarcreek Trail 1 & 2 Bedroom suites
445 Sugarcreek Trail 1 & 2 Bedroom suites
ProudfooT Place
535 Proudfoot lane 1 & 2 Bedroom suites
565 Proudfoot lane 1, 2 & 3 Bedroom suites
PInerIdge Place
740 Proudfoot lane 1, 2 & 3 Bedroom suites
744 Proudfoot lane 1, 2 & 3 Bedroom suites
foreST hIll
575 Proudfoot lane Junior, 1, 2 & 3 Bedroom suites
585 Proudfoot lane Junior, 1, 2 & 3 Bedroom suites
595 Proudfoot lane Junior, 1, 2 & 3 Bedroom suites
605 Proudfoot lane Junior, 1, 2 & 3 Bedroom suites
horIzon drIve
700 horizon drive 1, 2 & 3 Bedroom suites
residential rental Information centre
www.oldoak.ca
Oxford St. West
Wo
nd
erla
nd
Ro
ad
Proudfoot Lane
575 Proudfoot LaneLondon, ON
Enter off Oxford St. W.Follow signs toResidential RentalInformation Centre.
N
22391
16 Nov. 24 - Dec. 8, 2012Please say you saw it in Renters Guide!
16
www.viscountproperties.comAnother Quality Project Managed By
519.649.4159Colonial Court750-780 Viscount Road• Freshly Decorated• Utilities Included• Large In-Suite Storage Closet• Excellent Laundry Facilities• Close to Bus and Shopping• Ample Free Parking
Large2 & 3
Bedroom suites
Seasonal Pool
$300Deposit
519.657.2866 | 519.473.4046Concordia378 Wonderland Road South• Utilities Included• Laundry Facilities• Ample Free Parking• Walk to Springbank• Great Bus Service• Near Shopping and Schools
huge1 & 2
Bedroom suites$300
Deposit
519.641.7323Westwood Park368 Oxford Street W.• Utilities Included• Ample Free Parking• Laundry on Each Floor• Walk to Cherryhill Mall• Great Bus Service• Quiet comfort• Superior location• Ideal for Seniors and Professionals
spacious, affordaBLe
suites$300Deposit
519.473.4122Blackacres on the Park117 Blackacres Blvd.• Great Location Close to Schools and Bus• Quiet Family Atmosphere• Heat included• Freshly Decorated• Close to Shopping and Malls• Park-like Setting• Conveniently located in Whitehills
Large 2 & 3 Bedroom townhomes
spacious1 & 2 Bedroom
suites
Seasonal Pool
519.474.9843West Park Gardens1131 Royal York Rd.• Freshly Decorated• Laundry on Each Floor• Good Bus Service• Close to Shopping and Schools• Controlled Entry• Utilities Included• Quiet Neighbourhood Great location• Clean well maintained buildings
1 & 2Bedrooms
$300Deposit
London
17Nov. 24 - Dec. 8, 2012 Please say you saw it in Renters Guide!
17
519.438.0121North Park Towers852 Kipps Lane• Utilities Included• Ample Free Parking• Laundry on Each Floor• Close to Shopping• Park-Like Setting• Affordable Rates• Shh! It’s quiet over here
Beautiful1 & 2 Bedroom
suites on the scenic
thames$300
Deposit
519.439.2288Huron Meadows750-844 Huron Street • Great Location Close to Schools and Bus • Quiet Family Atmosphere • Freshly Decorated • Close to Shopping • Park-like Setting• Quality Living at Affordable Prices
large2 & 3
Bedroom town-homes
$300Deposit
Oxford Square727-769 Second Street • Spacious Suites • Laundry Facilities • Ample Free Parking• Great Bus Service • Close to Shopping • Close to Fanshawe College• Comfortable Living at its Best• Ideal for Seniors or Professionals
1 & 2 Bedroom
apartment homes$300
Deposit
519.337.7623Canterbury Court160-190 Canterbury Court, Sarnia• Utilities are on us• Parking is Free• Laundry Facilities are Great• Shopping and Schools are Around The Corner• Quality living in affordable style• Join us in our friendly community, relax,
take a walk. make our place your home
spacious renovated
1, 2 & 3Bedroom
apartments
$300Deposit
Seasonal Pool
519.435.0326Fairview Terrace297 Westminster Avenue• Walking Distance to L.H.S.C. Westminister Campus• Close to Schools, Shopping and Bus• Excellent Laundry Facilities• Freshly Decorated• New Windows• Parklike Setting
• Across from Springbank Park• Stove/Fridge/Dishwasher/Washer/Dryer• Carpet• Whirlpool/Sauna• Indoor Saltwater pool• Exercise Room• Parking Space Included• Large Balcony off Master Bedroom• Walk-out lower level family room with patio• Individually controlled heat & A/C• phone, internet and satellite available in unit
Park Royal Estates1068 Commissioners Rd. W., Byron
Ask About Our Move-In
Bonus!
Ask About Our Move-In
Bonus!
Across From Rose Garden
Rosecliffe Gardens620 & 630Springbank Drive
• 5 GE Appliances including Ensuite Laundry
• Independent heating/cooling• Exercise Room• Whirlpool, Sauna• Indoor Saltwater Pool• Huge Balconies• Park Location• Underground Parking• Ensuite Bath• Across from Rose Garden• phone, internet and
satellite available in unit
1, 2 & 3Bdrm Suites519 473-9151
3 Bdrm Townhomes519 472-5181
19Nov. 24 - Dec. 8, 2012 Please say you saw it in Renters Guide!
19
• Located in Oakridge Crossing – NW London (Beaverbrook & Capulet Near Oxford & Wonderland)
• 2 Bedroom suites have 2 Bathrooms• 5 Appliances Including En-suite Laundry• Individual Central Air & Heating Controls• Oversized Balconies• phone, internet and satellite available in unit
• Exercise Room• Indoor saltwater pool, Whirlpool & Sauna• Controlled Entry/Cameras• Covered Parking Available• On Bus Routes, Close to Shopping• Barrier free access at entrance• Electronic Key FOB entry system
Call 519-488-2439 or 519-474-6446 or 519-641-6664or Call our london rental agent at 519-868-7200
www.drewloholdings.comN
SARNIA RD.
WO
ND
ERLA
ND
RD
. N.
BEAVERBROOK AVE.
OXFORD ST. W.
CA
PULET LA
NE
PRO
UD
FOO
T LAN
E
Luxuriously oversized 1 & 2 Bedroom Suites
London - Northwest
1868
2
Have an active LifestyLe? come Live witH Us!
saLt water PooL PaviLion | cardio macHines | weigHts
and Sauna• Controlled Entry/Cameras• Covered Parking Available• On Bus Routes, Close to Shopping• phone, internet and satellite
available in unit
The New Art of Fine Living!Now opeN!
www.drewloholdings.comor Call Our London Rental Agent at 519-868-7200
80 Capulet Lane • Call 519-473-9990Brand New Apartment Tower
Capulet Towers I, II & III
60 Capulet Lane • Call 519-641-6420New Unit Style Available: 1 Bedroom + Den
50 Capulet Lane • Call 519-488-2460
Models Open Daily10am-6pm
Granite & Stainless Steel
Appliances now
AvAilAble!
AskAbout our Move-in bonuS
18841
London - Northwest
21Nov. 24 - Dec. 8, 2012 Please say you saw it in Renters Guide!
21
London - Northwest
29299
1-866-541-4134oldoak.ca
Come live where the list of amenities doesn't end as soon as you step outside your front door. Where the community isn't just something you can be a part of, but something that becomes a part of you.
Our Junior, 1, 2 and 3 bedroom suites offer an assortment of unique amenities you won't find anywhere else, like community garden plots, walkways through acres of natural woodland, tennis courts, pool, scenic views, new café, fitness centre and park within walking distance.
Forest Hill – Come live where you belong.
22 Nov. 24 - Dec. 8, 2012Please say you saw it in Renters Guide!
22
Call us for your personal tour today! www.caprent.com
Fiddlers Green 95 Fiddlers Green Rd. Suite 102519.488.2389
›› Spacious luxury suites with stunning views
›› Dishwasher›› Carpet or laminated floors ›› In-Suite storage ›› Balconies or oversized living areas›› Quiet neighbourhood›› Walking distance to transit,
shopping, schools, restaurants›› Park-like setting ›› Close to Oakridge Secondary School›› Rental office open 7 days a week
*Prices and availability are subject to change without notice.
London - Northwest
18813
23Nov. 24 - Dec. 8, 2012 Please say you saw it in Renters Guide!
23
London - Northwest
Massive Units in a Great Location with River and Park-Like Views
Fanshawe Park Rd. E.
Windermere Rd.
Richmond St. Huron St.
Adelaide St. N.
Thames River
655, 665 & 675Windermere Rd.
Fanshawe Park Rd. E.
Windermere Rd.
Huron St.
Adelaide St. N
.
ThamesRiver
655, 665 & 675Windermere Rd.Richm
ond St.
www.drewloholdings.com or Call our London Rental Agent at 519-868-7200
Family Built, Owned & Managed
Along the Upper Banks
of the Thames River
Windermere by the river675 Windermere Rd.
• 5 Appliances & Ensuite Laundry
• Individual Central Air & Heating Controls
• 2 Baths in 2 or 3 Bedroom Models
• Controlled Entry/Cameras• Oversized Balconies• Sauna, Whirlpool • Indoor Saltwater Pool • Indoor Parking, Bicycle Storage• On Bus Route, Close to Shopping• Exercise Room• Phone, internet and satellite available in unit
www.blossomgate.com to see suite layouts and find out more details about joining our new community.
T h e S y m b o l o f Q u a l i T y
★★
Brand New Rental Living!
Rental office at 625 Kipps Lane
Hours: Mon-Thur 11am-7pmFri-Sun 11am-5pm
London - Northeast
1880
2
Early Move-In
Incentives – New
Building
26 Nov. 24 - Dec. 8, 2012Please say you saw it in Renters Guide!
26
London - Northeast
A Family-Friendly Private CommunityLuxury 1 Floor, 2 Bedroom TownhomesStarting from $1345
Upgraded Units•Ceramic•New Cupboards•New Appliances (5)•2 Baths•Spacious Great •Room Full ensuite•Pantry•Central Air•Large Walk-in •ClosetsNatural Gas •FireplaceMain Floor •Laundry
Landscaped Vistas•New High •Effieciency Light FixturesClose to all •AmenitiesDirect Access to •Double Car GarageHardwood Flooring •ThroughoutThroughout
SUNNINGDALE RD.SKYLINEAVE.
BLUE JAY DR.
SANDYBROOK DR.
Masonville Mall
WHISKER
SUNNYSTONE RD.
RICH
MOND
ST.
ADEL
AIDE
ST.
N.
HAST
INGS
DR.
FANSHAWE PK. RD.
GRENFELL DR.CHAMBERS AVE.
Come home to Z GROUPCall us about other rental accommodations throughout London
w w w. z g ro u p . c a
1868
7The Stoneybrook Club Townes of Upland Hills6 0 1 G r e n f e l l D r . 5 0 0 S u n n y s t o n e R d .
Sheila 519-668-7643&
1st Month
Free
is your FREE apartment guide.Pick one up today from over 4000 locations in Ontario.
27Nov. 24 - Dec. 8, 2012 Please say you saw it in Renters Guide!
27
GuelphLondon - Southeast
Ayerswood Development Corporation
For rental information call:
519-617-3482
• 3 Bedroom• 1.5 Bathrooms• 5 Appliances• Single Car Garage• Central Air• Gas Fireplace• Finished Rec Room• Some backing onto
golf Course• Close to shopping
RiverwestComfortable Townhomes
28 Nov. 24 - Dec. 8, 2012Please say you saw it in Renters Guide!
28
1 & 2 Bedroom Suites starting from $695 Inclusive
Spacious and Bright!•All Inclusive Rents•Controlled Entry - Video Monitored•Parking Available•Total Renovated Building•Hardwood Flooring Throughout•Ceramic•Upgraded Units•New Cupboards•New Appliances•On Main Artery•Short Drive to White Oaks Mall•Easy Access to hwy 401•On Major Bus Route•Walking Distance to London Health •Sciences Centre - Westminster Site, Children's Hospital & Parkwood Hospital
940 Commissioners | 519-686-7910( C o m m i s s i o n e r s R d . E . & A d e l a i d e S t . )
Walking Distance to London Health Centre -
Westminster Site,
yrubhgiHAv
e.
Pond
M
illsAdela
ide S
t.
Well
ington
Rd.
S.
401
Commissioners Rd. E.
Bradley Ave.
LeathorneStreet
H
HSouthdale Rd.
1st Month
Free
LeathorneGate
London - Southeast
Come home to Z GROUPCall us about other rental accommodations throughout London
w w w. z g ro u p . c a
0384
8
London - Southeast
renovatedsuites
BonaventureMeadows
• Dishwasher, fridge & stove
• Contemporary decor
• Convenience to 401
• Parking
• Hardwood floors
• 24 hour Surveillance
• Outdoor pool
2228 OR 2230 TRAFALGAR STREET (near Hwy 100 in London)
31Nov. 24 - Dec. 8, 2012 Please say you saw it in Renters Guide!
31
1, 2 & 3 Bedroom Suites starting from $750 Inclusive
Upgraded Units•Ceramic•Hardwood Flooring Throughout•On Main Artery, On Major Bus Route, •Short Drive to Hwy. 401Quiet, Well Landscaped Complex•Completely Renovated Building•Near All Amenities & Shopping, Close to •New Loblaws & Canadian TireNew High Efficiency Light Fixtures•Controlled Entry•Covered Parking•Video Monitored•New Cupboards•New Appliances•On-Site •Superintendent
875 Wonderland Road South | 519-641-0471( Wo n d e r l a n d R d . S . & V i s c o u n t R d . )
Come home to Z GROUPCall us about other rental accommodations throughout London
w w w. z g ro u p . c a
Immaculate 1, 2 & 3 Bedroom SuitesStarting at $750 (gas heat & central air)
Apartment Living Redefined!
Now Featuring New Exercise Fitness •RoomHardwood Flooring Throughout•Ceramic•Upgraded Units•New Cupboards•New Appliances•Elegant Apartment Highrise•Perfectly Located•New High Efficiency Light Fixtures•Controlled Entry•1½ Baths•Eat-In Kitchen•State of the Art •Security CamerasMonitoring•Ample Parking•
110 Belmont Drive | 519-680-3420( W h a r n c l i f f e R d . S . & B e l m o n t D r . )
1st Month
Free
1st Month
Free
THE
SOLARUS
Security Cameras Visc
ount Rd.
Andover Dr.
Belmont Dr.
Commissioners Rd. W
Southdale Rd. W .
Wharncliffe
Rd. S.
Commissioners Rd. W.
401
Southdale Rd.
28754
Viscount Rd.
Wond e r land R d. S.
Wellin
gton R
d. S.
MALL
London – Southwest
0385
4
32 Nov. 24 - Dec. 8, 2012Please say you saw it in Renters Guide!
32
18665
London - Southwest
SpaciouS 2, 3 & 4 Bedroom Town HomeSfrom $905
SpaciouS SuiteS include:• Sunken Living Rooms
• Fireplaces • Hardwood Floors
• Patios • In-suite Storage
• FREE parking, some private garage
• FREE membership to Berkshire Club with indoor pool, weight room, outdoor pool & sauna
conveniently located within minuteS to:• Shopping, Schools, Parks & Churches
• Professional Services
• Public Transit
• 15 min. walk downtown
• Short walk to Thames River, walking trails & bike path
Sifton townhomeS Where We simplify your life style
Spacious layouts in a family-•friendly environment within established communities close to all amenities.1500 Square Feet•Eat-in Kitchen•4 Appliances•Woodburning or Gas •Fireplaces11/2 Baths•Finished Family Room•Patios•Some with Garages•Fridge, Stove, Dishwasher,•Washer & Dryer•
Come home to Z GROUPCall us about other rental accommodations throughout London
w w w. z g ro u p . c a
0384
9
34 Nov. 24 - Dec. 8, 2012Please say you saw it in Renters Guide!
34
1, 2 & 3 Bedroom Suites starting from $750 Inclusive
Upgraded Units•Ceramic•Hardwood Flooring• ThroughoutOn Main Artery, On Major• Bus Route, Short Drive to Hwy. 401Quiet, Well Landscaped• ComplexCompletely Renovated• BuildingNear All Amenities &• Shopping, Close to New Loblaws & Canadian TireNew High Efficiency Light• FixturesControlled Entry•Covered Parking•Video Monitored•New Cupboards•New Appliance• sOn-Site •Superintendent
924 Wonderland Road | 519-657-4900( Wo n d e r l a n d R d . S . & S o u t h d a l e R d . )
1st Month
Free
Commissioners Rd. W.
401
Southdale Rd.
2
9244
Viscount Rd.
Wond e r land R d. S.
Wellin
gton R
d. S.
MALL
London - Southwest
Come home to Z GROUPCall us about other rental accommodations throughout London
w w w. z g ro u p . c a
0385
0
Looking for an apartment homewhere quality assurance
makes a difference,then choose a
Certifi ed Rental Building!
Why live anywhere else?
35Nov. 24 - Dec. 8, 2012 Please say you saw it in Renters Guide!
35
London - Central
Ayerswood Development Corporation18721
544 Talbot Street519.808.1773
• 6 appliances• Secured underground parking• Close to Victoria Park, • Grand Theatre, Richmond Row• 24 hour Onsite Management• Exercise room• Ensuites
1 & 2 Bedrooms with Balconies
Ayerswood Development Corporation
Richmond St.
Ridout St. N.
Talbot St.
Kent St.
Albert St.
BOUTIQUE STYLEApartment Homes
Ayerswood Development Corporation
• Grand Theatre, Richmond Row
is your FREE apartment guide.Pick one up today from over 4000 locations in Ontario.
36 Nov. 24 - Dec. 8, 2012Please say you saw it in Renters Guide!
36
Live it up Downtown!
City Place405 Waterloo Street519 488-6838
www.drewloholdings.com or Call our London Rental Agent at 519-868-7200
Family Built, Owned & Managed
• neweR LARge LuxuRy suites• pRivAte bALConies• fAntAstiC views• AAA LoCAtion• ALL the Amenities of A
Condo• 5 Appliances Including Ensuite
Laundry• Sauna, Whirlpool & Exercise
Room• Indoor saltwater pool • Individual A/C & Heating
Controls• 2 Baths in 2 Bdrm Models• Controlled Entry/Cameras• Oversized Balconies• Indoor Parking, Bicycle Storage• On Bus Routes, Close to Shop-
ping• phone, internet and
satellite available in unit
1&2 Bedroom Suites
ask about our
move-in bonus
oPen House DaiLY!
London – Central
2817
3
37Nov. 24 - Dec. 8, 2012 Please say you saw it in Renters Guide!
37
London – Central
03883
38 Nov. 24 - Dec. 8, 2012Please say you saw it in Renters Guide!
38
London - Central
Massive Units in Great Locations with Picturesque Views
www.drewloholdings.com or Call our London Rental Agent at 519-868-7200
Family Built, Owned & Managed
No Car = $500 Bonus!
RidoutPlace536 Ridout Street
• Across from Harris Park• 2 Bedroom with 2 Baths• 5 GE Appliances• Ensuite Laundry• Ensuite Storage• Individual Storage• Exercise /Common Room• Walk to Budweiser Gardens or
Market• Phone, internet and satellite
available in unit
Downtown Convenience
Kingswell Towers433 King Street
• 5 Appliances• Ensuite Laundry & Storage• Lobby/Parking Cameras • Individual Heat & Air• Sauna, Whirlpool• Exercise Room• Underground Parking• Walk to Galleria• Phone, internet and
satellite available in unit
1 & 2 Bdrm Suites and Penthouses519-661-0865
536
536 Ridout St. 433 King St.
433
Talb
ot
Wel
lin
gton
Wat
erlo
o
Colb
orn
e
York
King
Dundas St.
Albert
Kent
Du�erin Ave,
Bu
rwel
l st
.
Ric
hmon
d S
t.
Rid
ou
t St
N.
30509
1 & 2 Bdrm Suites519-675-1327
London - Central
luxury living Downtown
• Spacious suites
• Indoor swimming pool, whirlpool, sauna & exercise room
• 5 appliances with ensuite washer/dryer
• Individual heating & air conditioning
• Underground parking
• On-site management
• Minutes from entertainment, shops & restaurants, Budweiser Gardens and The Covent Garden Market
Professionally managed by farhi holdings CorPoration 519-645-6666
Colborne Place – 340 Colborne streetPlease contact Pat O’Leary:
Heat & A/C• Laundry Facilities • Exercise Room • Whirlpool, Sauna• Indoor Saltwater Pool• Huge Balconies• Lobby/Parking Cameras• phone, internet and satellite available in unit
1,2 &3 Bedroom Suites519 344-7756
Michigan Ave.
Chr
istin
a S
t.
Fron
t S
t.
129512851275 S
andy
Lan
e
Lake Huron
Sarnia30
508
Marina Park PlaceSpacious, Bright & Sunny!
41Nov. 24 - Dec. 8, 2012 Please say you saw it in Renters Guide!
41
These Oversized Units with Amazing Amenities Overlook Pittock Lake & Conservation Area!
Staff On Call 24 Hours•Full Maintenace Program•Mail Delivery to Your Apartment Door•Beautifully Landscaped Grounds•Walk to Theatres, Shopping, & Market•Stroll Through the Park, Bridge & River•Steps to Bus Depot•On Site Convenience Store & Hair Salon•
In the Heart of the City! Contestoga Towers is centrally located in the
heart of the City. This well-maintained building has 18 floors and 163 apartments. Enjoy the con-venience of City transportation at your front door. Live within walking distance of shopping, church-es, banks and medical care. Beautiful Victoria
Park and the renowed Centre in the Square are also within walking distance.
When adults decide to move, it’s often to pursue an exciting opportunity
or discover a new place. But for children, moving can be much harder to understand, as often they’ve only known one place as home.
easier on your kids
How to make moving
As you travel through adulthood, the unknown becomes more alluring, but it’s because you’ve been through major life changes before. That’s why it’s important to take some steps to make this major transition easier on your kids. Here are some tips from the moving experts at Penske truck rental for helping your children adapt to a new place, along with some practical moving advice for families:
• Open a line of honest communication. It can be hard to tell your kids that they’ll be moving, but making sure that they know they can talk about how they’re feeling about the move is important. Try to keep the conversation positive by telling them about all the fun things they’ll be able to do in their new home, but acknowledge that they’ll feel some sadness about leaving their old one.
• Help them say goodbye. Organize a going-away party for your children and their friends, and work with the parents of their friends to gather contact information so they can keep in touch after you move.
• Take inventory. Take a minute with each child to go through toys and clothes to see what can be donated. By letting them help with these decisions, you can eliminate any angst that might come if they realize something they wanted was left behind when you get to your new home.
• Pack a first-day box. Have each child pack a box of things that they will want the first day you move into your new home,
like favorite toys, books or stuffed animals. Have the movers pack these boxes last so they are the first thing that is unloaded when you arrive. If you are moving a long distance, have each child pack another bag with items to keep them entertained during the trip.
• Form a moving team. Creating roles for your older children so they can help you move can make your move go quickly and smoothly. If possible, arrange for somebody to watch your younger children so you can focus on moving tasks. Hiring movers can also help take some of the pressure off you so you can tend to your children. Your younger children may also be thrilled by the chance to see the moving truck up close, so take the time to show them.
• Help them feel at home. Showing your children new parks and other attractions in your new community will help them feel excited about their new home. Plan ahead to get them enrolled in activities with other children so they can quickly make new friends. However, be sure to explain to them that making new friends takes time, so they aren’t discouraged if it doesn’t happen for them right away. Communicate with their teachers to see if there’s anything special you can do to help your children feel more comfortable at school.
By doing the little things to help your children cope with the tough parts of moving, you’ll put them in a position to acclimate themselves to their new home quickly and easily. For more helpful moving tips, visit www.pensketruckrental.com.
renters’ help
46
When adults decide to move, it’s often to pursue an exciting opportunity
or discover a new place. But for children, moving can be much harder to understand, as often they’ve only known one place as home.
easier on your kids
How to make moving
As you travel through adulthood, the unknown becomes more alluring, but it’s because you’ve been through major life changes before. That’s why it’s important to take some steps to make this major transition easier on your kids. Here are some tips from the moving experts at Penske truck rental for helping your children adapt to a new place, along with some practical moving advice for families:
• Open a line of honest communication. It can be hard to tell your kids that they’ll be moving, but making sure that they know they can talk about how they’re feeling about the move is important. Try to keep the conversation positive by telling them about all the fun things they’ll be able to do in their new home, but acknowledge that they’ll feel some sadness about leaving their old one.
• Help them say goodbye. Organize a going-away party for your children and their friends, and work with the parents of their friends to gather contact information so they can keep in touch after you move.
• Take inventory. Take a minute with each child to go through toys and clothes to see what can be donated. By letting them help with these decisions, you can eliminate any angst that might come if they realize something they wanted was left behind when you get to your new home.
• Pack a first-day box. Have each child pack a box of things that they will want the first day you move into your new home,
like favorite toys, books or stuffed animals. Have the movers pack these boxes last so they are the first thing that is unloaded when you arrive. If you are moving a long distance, have each child pack another bag with items to keep them entertained during the trip.
• Form a moving team. Creating roles for your older children so they can help you move can make your move go quickly and smoothly. If possible, arrange for somebody to watch your younger children so you can focus on moving tasks. Hiring movers can also help take some of the pressure off you so you can tend to your children. Your younger children may also be thrilled by the chance to see the moving truck up close, so take the time to show them.
• Help them feel at home. Showing your children new parks and other attractions in your new community will help them feel excited about their new home. Plan ahead to get them enrolled in activities with other children so they can quickly make new friends. However, be sure to explain to them that making new friends takes time, so they aren’t discouraged if it doesn’t happen for them right away. Communicate with their teachers to see if there’s anything special you can do to help your children feel more comfortable at school.
By doing the little things to help your children cope with the tough parts of moving, you’ll put them in a position to acclimate themselves to their new home quickly and easily. For more helpful moving tips, visit www.pensketruckrental.com.
renters’ help
47
48 Nov. 24 - Dec. 8, 2012Please say you saw it in Renters Guide!
48
www.drewloholdings.com
Family Built, Owned & Managed
Kitchener
Kitchener’s First All Non-Smoking Rental Apartment!
• 5 appliances including ensuite laundry• Individual A/C & Heating• 1, 1 Bedroom + Den, 2 Bedroom or 2 + Den Suites• 2 Bedroom suites have 2 Bathrooms• On Bus Routes, Close to Shopping• phone, internet and satellite available in unit
Woolwich St. & Bridge St.,Kitchener 43 Woolwich Street
50 Nov. 24 - Dec. 8, 2012Please say you saw it in Renters Guide!
50
2 Bedroom Suites from $10253 Bedroom Suites from $1189
Kick back & relax in super sized suites.
1030+ Square Foot Suites •All Suites have 1.5 Bathrooms•Very Quiet, Distinctive Building •Suites Recently Renovated•Close to Highway 401 & Expressway•Monitored, Secure Entry•
Large Laundry Room•Social Room•Private Balconies• Underground Parking Available• Natural Area with Picnic Tables• Friendly Office & Building Managers On-Site•
Fairview Towers is a seven story, 95 unit build-ing situated on a well landscaped lot surrounded by mature trees. Handy south-end location with easy access to highway 401 and the expressway. Fairview Park Mall is close by. The building con-sists of two and three bedroom apartments all with 1.5 bathrooms. Fairview Towers is a very quiet, clean building that anyone would feel proud to call home.
– friendly on-site management and 24 hour maintenance
– rent includes - frEE GAS HEAT, fridge, stove, dryer– bright roomy floor plans– large outdoor private swimming pool with
lifeguards– Spacious park-like setting– Public Transit, walk to schools, University of
Guelph, Stone road Mall, Hamilton Park with fitness trails
– 2, 3 & 4 bedroom Townhomes
Guelph’s most desirable townhome community
02733
inquire about our incentives
Experience. The Difference.
206 Heiman St -Kit, ON N2M 3M1 - 2 Bdrm Bsmt Apt for rent $850/m, all inclusive. Living Rm, 1 Bath, 1 Prkg Spot Incl - 2nd prkg spot $50.00 per month. Lndry on lower level, non-smokers, with no dogs. Credit & Ref-erence Checks Reqd. Avail Dec 1st call 519-634-9000
11267475_1.JPG
Kitchener Kitchener Guelph
53Nov. 24 - Dec. 8, 2012 Please say you saw it in Renters Guide!
53
Waterloo
www.gatewaypm.com
1 & 2 bedroom suites
300 Regina Street North, Waterloo 519-635-9148 | 519-807-7050
The actual amount of money you could generate depends on the value of your home and the rate of return on your investment. For argument’s sake, let’s assume that you can net $800,000 on the sale of your house and then earn a modest 3 per cent annual return ($24,000). That would give you up to $2000 a month to spend on rent. Since most rental apartments in the GTA go for considerably less than that, you should be able to rent a great apartment in a great building, in the neighbourhood of your preference and still reinvest a portion of the interest income to maintain the principal.
After 28 years in their house, and, with their two children grown and living on their own, Benjamin Applebaum and his wife, of Toronto, did just that. “We had a big, fi ve-bedroom house which we thoroughly enjoyed, but it was 85 years old and there were always headaches associated with owning, in terms of major repairs and maintenance,” said Applebaum. “We had always talked about selling it at some point in time. We felt that given the present state of the real estate market in Toronto that it was an opportune time to sell.”
After looking at a number of townhouses and other properties for rent, the Applebaums stumbled on the apartment they ultimately rented – a huge, 2,500-ft penthouse that’s walking distance to work, with underground parking, a fabulous kitchen, a huge outdoor terrace where they can barbecue and three bathrooms. Not your typical downsizing scenario, by any stretch of the imagination.
“We did the math and were astounded,” said Applebaum. “ By investing the principle from the sale of our house, and compounding the interest, we are more than covering our annual rental expenses. And the best part of it all is that we do not pay property taxes, heating, or monthly maintenance fees like we would in a condominium. Nor did we have to pay any transaction costs, like when buying or selling. Most people
do not realize how costly it is to live in a condominium. It’s true that underground parking in our climate is a perk – at my age, a necessity – but you can join a gym for a lot less than you would pay to have a fancy health club right in your building. And most apartment buildings have underground parking.”
A persuasive case for renting (vs. owning a condo) is also made by chartered accountant David Trahair, in his highly publicized book Cash Cows, Pigs and Jackpots: The Simplest Personal Finance Strategy Ever. Trahair argues that the way to wealth is less though acquiring assets, and more through improving cash fl ow. Trahair urges would-be condo buyers (like seniors, particularly those who might be tempted to downsize from a house to a condominium) to avoid the pitfalls of condominium ownership that include whopping monthly maintenance fees, property taxes, and potential special assessments (to pay for major repairs
or poor construction). As a senior, you should be especially careful to avoid such unnecessary expenses at this stage of your life. For those who have just sold the family home Trahair advises “You sit on a ton of cash and you just rent.” Wouldn’t you rather be using your capital for travel and other priorities than home maintenance?
“At this stage of our lives, selling our home and renting was one of the smartest moves we could have made,” says Applebaum. It could be yours, too.
renters’help
LOOKING TO DOWNSIZE?
Make the smart choice and RENT
Are you an empty nester and looking to downsize? Most people do not realize how much equity they are sitting on in
their houses. By selling your home at this stage of your life, you could tap into the enormous equity you have accumulated, invest the proceeds, and then use the income to pay for your monthly rent. That’s like living rent-free!
BY JANE HERMAN
Jane Herman is a communications consultant who has worked in the rental property industry. Jane provides communications solutions for a diverse
range of clients and has written about food, fashion, apartment living and personal finance for several publications.
54
The actual amount of money you could generate depends on the value of your home and the rate of return on your investment. For argument’s sake, let’s assume that you can net $800,000 on the sale of your house and then earn a modest 3 per cent annual return ($24,000). That would give you up to $2000 a month to spend on rent. Since most rental apartments in the GTA go for considerably less than that, you should be able to rent a great apartment in a great building, in the neighbourhood of your preference and still reinvest a portion of the interest income to maintain the principal.
After 28 years in their house, and, with their two children grown and living on their own, Benjamin Applebaum and his wife, of Toronto, did just that. “We had a big, fi ve-bedroom house which we thoroughly enjoyed, but it was 85 years old and there were always headaches associated with owning, in terms of major repairs and maintenance,” said Applebaum. “We had always talked about selling it at some point in time. We felt that given the present state of the real estate market in Toronto that it was an opportune time to sell.”
After looking at a number of townhouses and other properties for rent, the Applebaums stumbled on the apartment they ultimately rented – a huge, 2,500-ft penthouse that’s walking distance to work, with underground parking, a fabulous kitchen, a huge outdoor terrace where they can barbecue and three bathrooms. Not your typical downsizing scenario, by any stretch of the imagination.
“We did the math and were astounded,” said Applebaum. “ By investing the principle from the sale of our house, and compounding the interest, we are more than covering our annual rental expenses. And the best part of it all is that we do not pay property taxes, heating, or monthly maintenance fees like we would in a condominium. Nor did we have to pay any transaction costs, like when buying or selling. Most people
do not realize how costly it is to live in a condominium. It’s true that underground parking in our climate is a perk – at my age, a necessity – but you can join a gym for a lot less than you would pay to have a fancy health club right in your building. And most apartment buildings have underground parking.”
A persuasive case for renting (vs. owning a condo) is also made by chartered accountant David Trahair, in his highly publicized book Cash Cows, Pigs and Jackpots: The Simplest Personal Finance Strategy Ever. Trahair argues that the way to wealth is less though acquiring assets, and more through improving cash fl ow. Trahair urges would-be condo buyers (like seniors, particularly those who might be tempted to downsize from a house to a condominium) to avoid the pitfalls of condominium ownership that include whopping monthly maintenance fees, property taxes, and potential special assessments (to pay for major repairs
or poor construction). As a senior, you should be especially careful to avoid such unnecessary expenses at this stage of your life. For those who have just sold the family home Trahair advises “You sit on a ton of cash and you just rent.” Wouldn’t you rather be using your capital for travel and other priorities than home maintenance?
“At this stage of our lives, selling our home and renting was one of the smartest moves we could have made,” says Applebaum. It could be yours, too.
renters’help
LOOKING TO DOWNSIZE?
Make the smart choice and RENT
Are you an empty nester and looking to downsize? Most people do not realize how much equity they are sitting on in
their houses. By selling your home at this stage of your life, you could tap into the enormous equity you have accumulated, invest the proceeds, and then use the income to pay for your monthly rent. That’s like living rent-free!
BY JANE HERMAN
Jane Herman is a communications consultant who has worked in the rental property industry. Jane provides communications solutions for a diverse
range of clients and has written about food, fashion, apartment living and personal finance for several publications.
55
56 Nov. 24 - Dec. 8, 2012Please say you saw it in Renters Guide!
56
GuelphGuelph
Visit our new website to view our virtual tours and apply online!
Same Day Approval! Pre-Authorized Payment Plans Available!
HO
ME
ST
EA
D.
CA
HO
ME
ST
EA
D.
CA
A Trusted Place To Call Home Since 1954
Be on the lookout for our new signs!
Wellington St W
Waterloo Ave
Han
lon
Pkw
y
Edin
burg
h R
d S
364 Waterloo Ave.Hours: Mon-Fri 8:30-8;
Sat-Sun 10- 4
519-829-4080
Covered parkingCommon room and laundry
facilitiesPublic transit at front doorEasy access to #401 and
Stone Road MallWalk to Farmers Market
Close to everything that matters!Seasonal poolTennis court
Phoenix Mill ApartmentsWellington & HAnlon pkWy
1 Bedrooms2 Bedrooms3 Bedrooms
Wellington St
Waterloo Ave
Han
lon
Pkw
y
Edin
burg
h R
d S
380 & 400 Waterloo Ave.
Hours: Mon-Fri 8:30-8; Sat-Sun 10- 4
519-829-4080
Quiet locationSeasonal poolTennis court
Utilities includedReserved underground parking
availableClose to 401 and #6 Hwy
Controlled access Public transit nearby
Bryden ApartmentsWellington & HAnlon pkWy
1 Bedrooms2 Bedrooms
2 + 2 Bath Bedrooms
Cardi
gan S
tWy
ndha
m
Woolwich St
27 & 33 Cardigan St.Hours: Mon-Fri 8:30-8;
Sat-Sun 10- 4
519-826-6768
Downtown locationControlled access
Modern laundry equipmentReserved underground parking
Staff On Call 24 Hours•Full Maintenace Program•Mail Delivery to Your Apartment Door•Beautifully Landscaped Grounds•Walk to Theatres, Shopping, & Market•Stroll Through the Park, Bridge & River•Steps to Bus Depot•On Site Convenience Store & Hair Salon•
In the Heart of the City! Contestoga Towers is centrally located in the
heart of the City. This well-maintained building has 18 floors and 163 apartments. Enjoy the con-venience of City transportation at your front door. Live within walking distance of shopping, church-es, banks and medical care. Beautiful Victoria
Park and the renowed Centre in the Square are also within walking distance.
2 Bedroom Suites from $10253 Bedroom Suites from $1189
Kick back & relax in super sized suites.
1030+ Square Foot Suites • All Suites have 1.5 Bathrooms• Very Quiet, Distinctive Building • Suites Recently Renovated• Close to Highway 401 & Expressway• Monitored, Secure Entry•
Large Laundry Room• Social Room• Private Balconies• Underground Parking Available• Natural Area with Picnic Tables• Friendly Office & Building Managers On-Site•
Fairview Towers is a seven story, 95 unit build-ing situated on a well landscaped lot surrounded by mature trees. Handy south-end location with easy access to highway 401 and the expressway. Fairview Park Mall is close by. The building con-sists of two and three bedroom apartments all with 1.5 bathrooms. Fairview Towers is a very quiet, clean building that anyone would feel proud to call home.