Kirby Chan's Blog

A Real Estate Sales Representative Serving Greater Toronto. Search MLS Listings, Find Homes For Sale and Sell Your Home.

How to read a MLS listing on www.Realtor.ca – Part 2

5 Comments

21 Melbourne Drive - Click to enlarge

21 Melbourne Drive

This is Part 2 of “How to read a MLS listing on Realtor.ca”. We will use the same listing at 21 Melbourne Drive for our example. Has it been a month already and it’s still on the market?

Last time we left off at the listing agents Name and Brokerage.

Let’s move on to the meat and bones of the listing. Under the thumbnail photos, we have the General Description. It’s a very limited space for sales representatives to try to write all the positive features they can think of. Hence the use of Acronyms, with some easy to understand and some so puzzling it takes me a couple minutes to decipher. Let’s take a look at some of the special ones.

Premium lot – This description is very subjective. Some agents would classify corner lots or pie shaped lots or lots backing onto a school as premium.  I like to reserve the premium lot description for homes that are backing onto ravines, golf course or lakes. It’s premium because it offers privacy or offers water access. In this case, it may be premium because it is O/L ravine. We will get to that soon.

$$80K Upgrades – Ask for the upgrade list from the builders.

** O/L Ravine – Ravine is across the street behind the daycare parking lot.

*Stone Front *Granite Foyer & Glamorous Hardwood *Lots Of Halogen Pot Lights *Crystal Chandelier & Wall Sconce *Stainless Steel Gas Stove – Straight forward.

B/I Dw – Built-in Dishwasher.

Tumble Marble B/S With Island – That’s B.S. standing for Back splash.  So the kitchen has a marble back splash and a centre island for food preparation.

**Approx 2700S.F. – maybe less or more.  Usually less.

Cvac+Equip – Central Vacuum + Equipment. Many times abbreviated as CV

Cac, Eac – Central Air Conditioning, Electronic Air Cleaner

Property section – This section describes the Parking and Utilities that service the property.

Building section – This section describes the type of house. In this case, it’s a 2-storey detached brick dwelling with A/C.

Rooms section – This section describes the layout and where each room is located. It also gives the dimensions of each room.

Heating section – This home is heated with Force Air Gas which is a gas furnace.  Other variations are Electric which could be baseboard heating or an electric furnace. Another one is oil heating which are radiators.

Land size – Just repeating the lot size here.

It’s pretty simple once you get the hang of it. If you have any acronym that you come across that you don’t understand, ask me in the comments section.

See what’s for sale in your neighbourhood – Do a quick search

Do a Quick Home Market Evaluation and see how much your home is worth.

Thank-you for reading our article about “How to read a MLS listing on http://www.Realtor.ca – Part 2”, contact us if you need anything or leave us a comment below.

.

Advertisements

Author: Kirby Chan

I am a Real Estate Sales Representative servicing the Greater Toronto Area.

5 thoughts on “How to read a MLS listing on www.Realtor.ca – Part 2

  1. Pingback: How to read a MLS listing on www.Realtor.ca - Part 1 « Kirby Chan

  2. Good review and the house and property looks great too.

    Is there any way to see a virtual tour of 21 Melbourne Drive?

    • Sorry, for this property, the listing agent did not provide a virtual tour. If you are interested, I can book an appointment for us to see it. Thanks for the comment.

  3. Hi Chan

    Your How to read MLS was briliant

    In MLS (Rooms,Level,dimensions) : the ft dimensions they r advetising is it accurate,If not how they r Responseble

    Thanks

  4. this is good. Would like to know the status definitions of Active, Terminated, Cancel Protected, etc.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s