Buying A Condo
Purchasing a condo is likely one of the biggest investments you will ever make. It is a decision that requires as much education as possible, to ensure making an informed choice when looking at many properties. If you have lived in a condo before, then you will likely have a good sense of what you are looking for, but if it is your first time then I am here to walk you through the entire process.
Condo Lifestyle in Toronto
There is no denying that Toronto is a condo city. As of writing, there are currently 1218 registered condominiums in Toronto with hundreds more either being built or on the way. If you are considering a condo, then you are likely aware of some of the benefits that come with condo living. These include, greater affordability when compared with the housing market, limited maintenance, building specific amenities, excellent locations and many more!
As someone that lives in a condo unit at Cityplace, there is nothing greater than walking across the street to catch a Jays game, strolling over to King or Queen St. to grab a bite at the city’s hottest restaurants and having excellent access to both TTC and Go Transit. In fact, one of the things I love most about living in my condo is being able to drive off without shovelling, warming up or scraping snow off my car during the winter time. Condos provide a level of worry-free living in such a busy city like Toronto.
How I Can Help You With Your Condo Search
As someone who has lived in Toronto my entire life, I am very familiar with the different neighbourhoods. I am very active in the Toronto social community which helps me keep up-to-date with what is going on around the city. I know and have visited many of the condo buildings and can help you find the right building for YOUR lifestyle. For example, if you like to bowl, want a golf simulator or a shuffleboard table, I can tell you which buildings have these features!
If you are a first-time buyer, I know the right questions to ask and can provide advice on things you should look out for when inspecting your potential future home. I was also a first-time buyer not too long ago.
I have access to tools that will make sure you aren’t going to overpay for your condo, and will negotiate on your behalf to get you the best price. There is nothing that makes me happier in life than helping someone accomplish their goals, so contact me today to help you find a condo building and unit that you will love.
What is a condo?
The term condominium refers a type of ownership in real estate, rather than a certain type of building. There are condominium apartments (low-rise, high-rise & mid-rise buildings), condominium townhouses, common elements condominiums (such as a golf courses or ski hills), leasehold condominiums (where the condo is on leased land) and vacant land condominiums. The condominium structure is made up of units and common elements (hallways, amenities, elevators, etc.), which unit owners share a common interest in. Condominiums are registered
What are the key differences between a condo and a house?
When comparing a condo and a house, there are several things you need to take into consideration. Here are some things to look out for:
Price: Condos on average have a much lower market entry point than houses.
Size: Condos on average are much smaller spaces than houses, but there are still many large square footage condos, and in some cases you can own an entire floor of a building.
Location: Most condos are typically located in the heart of the city, right near major venues, restaurants and more.
Maintenance: Contrary to popular belief, condos are not entirely maintenance free. A unit owner is responsible for any maintenance within their unit (for example upgrading the kitchen) and also has a fractional responsibility in the maintenance of the building (for example a new roof). Houses on the other hand require good financial management in case major repairs are required. You will also need to purchase several tools for doing the maintenance (such as lawn mower, shovels, etc.). The benefit with a condo is you can have many services and amenities for a much lower cost than would be required to have them on your own since the expenses are shared among many.