Dennis Paradis

Realtor for Busy People™

416-399-5832

Updated: January 24, 2021

Building Name: Heritage North

Neighbourhood: Bristol-London

Condo Corp: YRCC647

Build date: 1989

Date Registered: 

Units: 126

Storeys: 4

Property Mgt: Crossbridge 905-853-7262 

Fees Include: Water & Sewage, Common Elements, Building Insurance, Unddergrd Parking, (No Lockers)

Fees Exclude: Hydro (cooling and heating are electric), Personal Utilities (Landline phone, Internet, Cable)

Pets:  No Pets

Health Amenities: Exercise, Sauna, Tennis Court, 10 Acre Park, Zen Garden (2018)

Social Amenities: Party, Game, Library, BBQ area, outdoor shuffleboard, kId's playground

Security Amenities:  Landline Phone Entry (not cell enabled).

Other Amenities: Visitor Parking, Landscaped, Bike Storage Room (not just an open rack)

Heating: Electric baseboards in Suite Units (No Central Heating or Cooling)

Cooling:  Wall Units (No Central A/C)

Balcony: Yes. Some ground-level patios and extra-large 3rd/4th level, 2-storey terraces (west side only)

Ensuite Laundry: Yes (also storage)

MLS Rentals: 1 or 2 per year

SALES, PRICES and CONDO FEES:

Outdated - earlier years shown if nothing sold in the current year

Fees/SF (2020): $0.49/SF

Fees Trend: Up 9% from 2019 ($0.45/SF)

Fees Include: Underground parking (no lockers). water, sewage and common expenses, building insurance.

Fees Exclude: Hydro (est $150/mth) , personal utilities (landline phone, internet, cable tv) unit insurance.

Typical 1-Level, 2Bed+Solarium ,2Wash (Alexander Muir model) - 1,196 SF 

Kitchen - 135 SF
Master - 120 SF

Taxes: $3,179/yr or $265/mth

COST OF LIVING (Shelter), excluding mortgage payments & personal services (internet, cable, phone)

Based on 2Bed, 2Wash 

Major Pros

• Only condo in Newmarket with 17 units with 2-levels + huge terraces
• Boutique - only 4 floors.
• The exterior is above average - sits on 10 acres of green space
• A few 3 beds
• Good size Balconies (none on 2nd level except end units)
• Underground Parking spaces are well spaced (easy in and out)
• Locked bike room.
• Bus stop at the front entrance
• Low Condo Fees - $0.49per SF but heating/cooling costs higher than most other condos
  • wall A/C in LR and MAster, LR pass-thru in 2BR units, Baseboards for heat. 
• Above average entrance Lounge with fireplace.
•  

Major Cons

• Not as "walkable" as most condos in Newmarket.
• Nearby GO Train tracks - noise factor (most residents say they hardly notice it, especially on the east side)
• Older building (1989)
• Older suites - many updated; some partially upgraded.
• No pets allowed (may be seen as a pro by some buyers).
• No Lockers. Suites have above average storage space, combined with Wash/Dryer.
• Smoking allowed in suites, including marijuana (a possible pro for some buyers)
• Electrical baseboard heating and wall A/C cooling units - Hydro NOT incl in condo fees.
• TV cable not inc in the condo fees.
• Electrical costs partially offset lower condo fees (0.49 cents/SF) that are below Newmarket average of
  60 cents/SF.

Car-Dependent - 44/100