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New property listed in Medika, R18
I have listed a new property at 51005 51 RD N in Hadashville.
Offers May 2nd at 3pm. Calling all Homesteaders! Once in a lifetime 4.65 acre Waterfront hobby farm on the Birch River. Located 1 hour East of Winnipeg. Excellent opportunity to create your dream property. With over 300' of riverfront, plenty of privacy, old growth treed forest, quiet location (not near any major roads), Double car garage 24 x 26, several older outbuilding need some TLC. The 844 sqft farm house is solid needs updating, has two bedrooms, main floor bathroom, large living room and eat in kitchen. A full basement with rec room, cold storage and utility area. Wood electric furnace, central AC, well/river water, septic tank & field. 20 mins to k-12 school in Whitemouth. Take the 3D tour!
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COTTAGE TAX ISSUES

A few weeks back we talked about how cottages are often subject to capital gains, usually because they are not the primary residence of the people selling it. I am not sure you would be the person who would advise a seller on all tax avoidance options that are available, as that might be a question that would be best asked of their accountant, but in discussions it might help to have some knowledge and background on different ideas. One option your client will consider is moving the cottage into joint ownership, this is simple enough, but it may trigger land transfer tax and may preclude the ability to set up a trust upon the death of one spouse. If the joint ownership is going to be with a child of the owner (often the case) it can be more convenient, but as we have discussed in the past, it opens up the cottage to any disputes from the child’s creditors or any of their marital / divorce property disputes. Another option is a sale to a beneficiary with a take back / vendor’s mortgage against the property.  If this property is sold /transferred to a non-arm’s length person, like a child of the owner, this does trigger capital gains, but it can be spread over 5 years, which can be very helpful. Also, though It’s a bit rare, but if a person thinks their cottage will appreciate faster than their principal residence then they can consider changing their principal residence from the city home to their cottage. Other options exist, like trusts in wills, co-owner agreements, and life insurance set ups, all of which you can list for your clients as issues and solutions to discuss with their tax professional.


GORD STEEVES
B.A., LL.B.
Barrister, Solicitor and Notary Public 
200‑600 St. Anne's Road
​WINNIPEG, MB., R2M 2S2
Direct Tel:  431.478.1280
Tel: 204.254.3511
Fax: 204.257.5139
Email:  gord@avdkslaw.ca
Web:  www.avslaw.ca


**as always, every situation is different and laws can change, if you have doubts, call someone

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TITLE INSURANCE: A SHORT EXPLANATION


It comes up a lot in discussion and it is one of those topics that might be tough to encapsulate in a concise discussion with a client out there in the field. So, I thought I might give it a try to help if ever you are asked. Inevitably your buyer clients will be buying title insurance along with the purchase of their new property and it is not free. Quite fairly, even though their lender contract will make this insurance mandatory, the clients may have questions. Firstly, the lender requires this title insurance purchase in lieu of a survey which people often used to have to buy back in the old days, so it is not that bad in comparison. As to what it gives the client, it essentially protects them from things that cannot normally be seen through the lawyer’s process of transferring title into their name and clearing all registered matters that are on title. These are unseen or hidden issues with title to a property that can crop up after closing and possession that would not normally be visible in the lead up to the property closing, using all available on-time searches. These can include things like an undisclosed spouse or partner coming back and claiming homestead rights in the home, someone claiming a trust interest in the property, a lien being registered after possession by an unpaid contractor, or any work order attached to the property by a government. It can protect against unpaid tax arrears or utility issues, or it can deal with permitting issues or encroachments of building which are problematic with the lot lines and setbacks. There are also less common issues like fraud, forgery or false witnessing that could come into play.  All good things to be protected against.



GORD STEEVES
B.A., LL.B.
Barrister, Solicitor and Notary Public 
200‑600 St. Anne's Road
​WINNIPEG, MB., R2M 2S2
Direct Tel:  431.478.1280
Tel: 204.254.3511
Fax: 204.257.5139
Email:  gord@avdkslaw.ca
Web:  www.avslaw.ca

**as always, every situation is different and laws can change, if you have doubts, call someone


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New property listed in Whitemouth, R18
I have listed a new property at 28 Corrigan AVE in Whitemouth.
Renovated bungalow in Whitemouth located on a quiet street with full town services. The home has had many upgrades and changes with a large Master bedroom with a new walk-in closet and three more bedrooms in the basement. There is also an office, bathroom, laundry room and storage area in the basement.The main floor has a large open kitchen. dining room, living room as well as a large 4 piece bath. A side porch leads to the fenced back yard with patio, fire pit, work-shop, tarp shed on a nicely treed and private yard. The house has recently had new board & baton style vinyl siding installed aa well as some thoughtful and practical changes inside. Most of the work is done, but there may be a few finishing touches remaining. This property is sure to click most of the items on your wish list and is available at an affordable price. Call to view this opportunity.
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New property listed in R28, R28
I have listed a new property at 9 Balsam ST in Pine Falls.
Character home located in the charming community of Pine Falls. 2300 sqft 5 bedrooms, 2 baths, full 2 story home has retained many of its original features including hardwood floors, grand entrance and staircase, 9' ceilings, baseboards & moldings. So much character! Many updates throughout home. Main floor features large living room with wood burning fireplace, sunroom, formal dining room, newer kitchen & breakfast bar. Upstairs there are 4 large bright bedrooms with closets, 4 pc bathroom with soaker tub & stand up shower. The basement is partly finished has partitioned rooms for laundry, mechanical room, workshop and additional storage. Electric boiler with radiant heat throughout home. A very large home with many possibilities, Bed & Breakfast, rental, deluxe family home! Located across the street from park, playground and tennis courts. Close to many local area amenities including restaurants, shopping, golf, fishing, boating, hospital and churches. Easy walk to k-12 School. View now in 3D!
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