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Posted in Burlington Real Estate
New Listing in Burlington

Check out our newest listing 789 HAWKINS Crescent in Burlington.

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Situated in the heart of Downtown Burlington, 789 Hawkins Crescent offers an exceptional location with a walkable lifestyle—steps to the lake, vibrant shops, restaurants, schools, and waterfront trails. This 2,035 sq ft, 2-storey home has been lovingly maintained by its original owner since 1987, showcasing pride of ownership throughout. It features 3 bedrooms, 2.5 bathrooms, a spacious second-floor living room with a cozy wood-burning fireplace, and a large primary suite complete with an ensuite and walk-in closet. The home also boasts a double car garage and an unfinished basement with high ceilings—an incredible opportunity to create your dream space. Enjoy the best of Burlington—close to Mapleview Mall, Spencer Smith Park, local walking paths, and with quick access to major highways for easy commuting. Nestled on a quiet, family-friendly street, this property is perfect for young families seeking charm, convenience, and endless potential in a highly desirable neighborhood. (id:2493)

Listed for $1,097,900 

For more information contact Matt Maguire and Linda Maguire at info@maguireteam.ca

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Posted in Burlington Real Estate
New Listing in Burlington

Check out our newest listing 607 HURD Avenue in Burlington.

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Located in the heart of downtown Burlington, this rare bungalow-style home offers a beautifully renovated space with 1+1 bedrooms (originally 3) and 2.5 bathrooms, spanning 1,500 sq. ft. plus a finished basement. Perfect for those who value a walkable lifestyle, you're just steps away from the waterfront, parks, vibrant shopping and dining, coffee shops, and the Performing Arts Centre. This unique property seamlessly combines modern updates with timeless charm, featuring arched doorways, textured plaster walls, French doors with etched glass, a wood-burning fireplace, California shutters, hardwood floors & more. The renovated kitchen with stainless steel appliances adjoins a bright solarium, perfect for morning coffee while overlooking the private backyard, complete with a flagstone patio. The primary retreat features a large dressing room (possible 2nd bedroom) and luxurious ensuite with marble floors and walls, soaker tub and separate shower. If you seek convenience, style, and proximity to all that downtown Burlington has to offer, don't miss this incredible opportunity! (id:2493)

Listed for $1,880,000 

For more information contact Linda Maguire at info@maguireteam.ca

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Gift Today, Guard Tomorrow: Balancing Generosity and Protection in Real Estate Gifts

Gifting a down payment to help your child enter the housing market is a generous act. But without the right precautions, this well-meaning gesture could lead to unintended financial headaches, especially if life throws a curveball like a relationship breakdown. Protecting your gift requires thoughtful planning to avoid complications and ensure it’s used as intended.

Start with Solid Documentation

A gift letter is essential. This straightforward document confirms the funds are a gift, not a loan, and satisfies lender requirements. It should clearly outline the amount, your relationship to the recipient, and a declaration that repayment isn’t expected. A little paperwork goes a long way in safeguarding your contribution.

Preparing for the “What-Ifs”

No one likes to imagine a breakup, but it’s a reality worth considering. A cohabitation or prenuptial agreement can ensure your gift stays with your child, not their partner, in the event of a separation. Keep the discussion open, honest, and focused on mutual protection. These measures aren’t about mistrust—they’re about financial wisdom.

For Larger Gifts: Trusts as a High-Level Option

If you’re gifting a significant amount or are part of a high-net-worth family, consider a trust. This advanced option requires legal guidance but offers added control over how and when the gift is used, keeping it aligned with your intentions.

Know the Tax Terrain

Canada may not have a gift tax, but certain transfers—like those involving capital property—can trigger tax implications. Consulting a tax advisor or lawyer can help you avoid surprises and plan accordingly.

Helping your child achieve homeownership is one of the most meaningful ways to support them. By focusing on proper documentation, proactive agreements, and expert advice, you can ensure your gift creates opportunity without unintended consequences. Because when it comes to real estate, it’s not just about giving—it’s about giving wisely.

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