Want to buy a house in Toronto proper but don’t have enough money? Don’t worry, you’re not alone. Huge price gains on freehold houses in Toronto in recent years have priced a lot of people out of the market.
Enter the condo townhouse. The perfect alternative to buying a condo high in the sky and living in your parents basement forever. You can get into a great hood for considerably less than a freehold property and will never have to share an elevator. Wow, you really can have it all.
Highlights of your new condo/house hybrid include:
First and foremost, the price. A nice one bedroom in a good area can be had for $300,000 and a good size two bedroom in and around $450,000. You can get some pretty stellar high end units for $600,000.
The size. Often more bang for your buck per square foot than a condo building with larger room sizes to boot.
A private entrance. No small talk with the concierge, no waiting for the elevator.
Low maintenance fees, usually significantly lower than a typical condo. Yes, I know, you think maintenance fees are stupid and a waste of money. Believe me, the maintenance fees on the average condo townhouse end up being significantly less expensive than the cost of maintaining the typical Toronto house built in 1912.
Outdoor space, often more than one balcony, and a pretty decent chance you can score a unit with a rooftop deck.
Barbeque potential. Self explanatory. Not all developments allow, but many do.
- You get into the market. Price increases in freehold houses have and will likely continue to increase the demand for these units. Might be a good time to act.
Wondering if there any of these condo townhouses we speak of for sale now? Have a peek below and then pick up the phone and call us if you want to check one out.
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Toronto Condo Townhouse MLS Listings: