Couple made real estate transactions at the right time. Now they take their biggest leap yet
4 Rosemund Crescent, Kingston, Ont.
Request a price: $ 299,900
Sale price: $ 366,000
Monthly maintenance fees: $ 252
Taxes: $ 1,932 (2021)
Days on the market: Five
Registration agent: Joel Thompson, Royal LePage.
Mike and Laura Acs have been lucky with their real estate investments since 2009. When the couple bought their first home in Burlington, Ontario for $ 289,000 and sold it three years later for $ 374,000, they knew that real estate would be their game. They have since repeated their success with their second home in Fergus, Ontario, buying it for $ 304,000 in 2012 and selling it for $ 577,000 in 2019.
Attracted by the proximity to Lake Ontario and the after-school activities available for children, the couple decided to move to Kingston and bought a condo for $ 165,000 in cash in 2019.
âThe condo looked pretty tired when we first received it and we decided to put in $ 20,000 and renovate the place ourselves. I’m most proud of the job we did in the bathroom, it totally transformed the condo, âsaid Mike as he flipped through a photo album with the photos after the condo.
After completing the renovation, Mike and Laura decided to take a trip to Europe in November 2019 with their three young children and gave themselves a well-deserved break. They rented the condo, packed a few bags and traveled to England, Greece, Italy and Hungary, where Mike’s family is from.
âWe loved Hungary,â said Laura. âIt was affordable, the food was great and the people were very friendly. Strangers came to tell us how wonderful it was to see a family with young children traveling together. It was like home. Mike also speaks Hungarian which was helpful.
When the pandemic struck in March 2020, the family had to return to Canada and returned to the condo. During the first lockdown, Mike and Laura realized they wanted a bit more room for the family and a backyard for the kids. They decided to find a house to move into and sold the condo in July 2020 for $ 250,000.
The couple then bought a townhouse in August 2020 for $ 250,000 and began another renovation soon after they moved in.
âLaura was working from home and I had a lot of free time,â Mike said. âIt was the right project to undertake during the pandemic and we invested $ 16,000 for the renovation. We installed a brand new kitchen, new appliances, new flooring and renovated one of the bathrooms. “
âWe started to think about renting the house and going back to Europe,â Laura said. âThe housing market is very hot and we thought, why not take a chance and see what we get out of it,â Mike said.
The townhouse was listed for $ 299,900 on April 29 and sold on May 4 for $ 366,000 with several offers. âIt was a crazy day! We got an offer at 8:00 am and they kept coming in, higher than the previous one! “Said Laura.” In the end, we couldn’t believe we got an offer of $ 366,000, “said Mike.” We were both flabbergasted! “
âWe don’t have any real plans. At the moment we are focused on finding a rental for the first time we land, but we hope to eventually buy a house with land in Hungary. Homes there are so much more affordable than those in Canada, âsaid Mike.
Once in Hungary, Mike will focus on developing his YouTube channel – Mike Me Up, into a lucrative platform, where he will talk about living a more simple and minimalist lifestyle. Laura is able to keep her job and work remotely as an accountant. Her employer, Finally CPA, which offers outsourced virtual accounting services, supported her move.
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