Toronto condos (Condominiums): Condos be found throughout Toronto's
downtown - prices vary depending on location but with approximate
starting prices in the 150s. Owner has a deed for unit, has a separate
mortgage, pays property tax on the unit plus a percentage of the common
areas and pays a monthly maintenance fee. A board of directors governs
the complex with the owner having one vote. The owners of condos have
a fee simple absolute unrestricted ownership and are individually
responsible for property taxes and the condos' maintenance fees. Use
the sales price of condominiums with similar size, appeal, age, neighborhood
in Toronto, incurring similar maintenance fees, etc. to determine
market value. Ask owners in the complex what they like and dislike
about both the unit and the complex. How good is the sound proofing,
can you hear your neighbors? End units and upper units generally sell
for more when sound issues come into play. How is its location in
the complex? Is it near downtown Toronto or will you have to commute
to work? Does the condo have easy street access, parking facility,
swimming pool? Stay away from predominantly rental condo complexes
in Toronto, those having more occupants that are renters. Renters
generally do not maintain their condos as well and this might become
a concern later. They are often poorly maintained as absentee owners
usually vote against improvements and increases in maintenance fees.
When buying condos in Toronto, it is always good to ask lots of questions.
Toronto homes for sale (guide)
Toronto bungalows
Toronto condos
Toronto resale homes
Toronto townhouses
Building a house in Toronto
Toronto new homes
Toronto luxury homes
Toronto duplexes
Toronto triplexes
Toronto investment property
Toronto lofts
Toronto residential real estate
(attached)
Toronto residential real estate
(detached)