^I see where you are coming from however there is a massive question mark with interest rates! And this is a great location in a region that sees massive growth in Western terms even in bad times. We will see.
 
Bibi L said:
Nope, I am referring to the 803 SQFT unit, at $729,000. 25 The Esplanade.

The $720,000, 318 SQFT unit is insane. That’s 252 Church St.
Click to expand...
That makes more sense, in our building the fees are around .85 per sq ft for units with parking. that includes the heat ,water ,garbage and most of the hydro cost.
 
thaivic said:
That makes more sense, in our building the fees are around .85 per sq ft for units with parking. that includes the heat ,water ,garbage and most of the hydro cost.
Click to expand...
Yeah, same thing for the maintenance fees for 25 The Esplanade, hydro, electricity, garbage are all included. You could leave all your lights on and the hot water running for as long as possible and you don’t pay any extra.

Bibi L said:
They are actually really good, especially for the amenities you get. The fees for that specific unit are $667.
Remember each unit has different maintenance fees depending on the size. I’m pretty sure the biggest units have the most expensive fees at around $1k?
Still really good, as there are a lot of other condos with more expensive fees.


Yeah, but it’s a bungalow. It’s not located in the heart of downtown Toronto, literally surrounded by everything. The views aren’t that great compared to a downtown condo with city and lake views. You have to maintain the whole property. Mow the lawn, shovel the snow, etc. In a condo, everything is maintained for you. You don’t have a pool (assumption), a huge gym with endless machines (you could buy a treadmill, but you’ll waste space and won’t have as many machines as a gym has), party room, rooftop decks (with awesome views), billiard rooms. All in your condo, private for residences.
Click to expand...
I would also like to add, the added security of living in a condo vs. a house. In a house, there are many entry points, whether it be the front door, all of your windows, and back doors. In a condo, usually the front doors (ground entrances) are locked with a key fob. You have concierge 24/7, which also monitor the security cameras, and some condos even have key fobs in the elevators, with some restricting each key fob to only one floor, so you can’t access random floors. Although there are less condos with that added security, and can be a little annoying if you want to access different floors for amenities. You only have one access point to your unit, the front door in your hallway. No way anyone is gonna enter your unit from your window, which could be very high up!
 
From The Esplanade
And Scott St.
Many floors up.

Bibi L - don’t re-use without permission or credit - 252 Church Whole Tower.jpg


Bibi L - don’t re-use without permission or credit - 252 Church Zoomed.jpg


Bibi L - don’t re-use without permission or credit - 252 Church Mechanical.jpg
 
Bibi L said:
They are actually really good, especially for the amenities you get. The fees for that specific unit are $667.
Remember each unit has different maintenance fees depending on the size. I’m pretty sure the biggest units have the most expensive fees at around $1k?
Still really good, as there are a lot of other condos with more expensive fees.


Yeah, but it’s a bungalow. It’s not located in the heart of downtown Toronto, literally surrounded by everything. The views aren’t that great compared to a downtown condo with city and lake views. You have to maintain the whole property. Mow the lawn, shovel the snow, etc. In a condo, everything is maintained for you. You don’t have a pool (assumption), a huge gym with endless machines (you could buy a treadmill, but you’ll waste space and won’t have as many machines as a gym has), party room, rooftop decks (with awesome views), billiard rooms. All in your condo, private for residences.
Click to expand...
You also don't have neighbors directly through the walls in every direction; you're not sharing a garage, hallways, lobby and elevators with hundreds of people; and you have a back yard. There are plenty of advantages.
 
Undead said:
You also don't have neighbors directly through the walls in every direction; you're not sharing a garage, hallways, lobby and elevators with hundreds of people; and you have a back yard. There are plenty of advantages.
Click to expand...
Yes, there are advantages, however, I think condos outshine them. The maintenance of a house is much worse than a condo. You have to do much more work to maintain your house than living in a condo. Yeah, you have a shared garage, but it’s protected. Sure, houses also have protected garages. But I’ve seen some people leave their cars outside… Yeah, houses have backyards. But in our condo we have 6 rooftop terraces, and a large SkyPark on the 6th floor. The SkyPark alone is probably much bigger than any backyard I’ve seen, and much more secure. Plus, much better views on the rooftop terraces. Hallways and lobbies being a disadvantage? Huh? I find it much better to have lobbies and hallways, rather than having your front door exposed to the street. Easier to break in, and if someone crashes into your house, good luck. Elevators can’t be bad if done right. In some buildings, elevators can be slow and have lots of people riding them. But in ours, I mostly ride them empty, except sometimes there are people. The elevators also are also not slow. I never hear my neighbours through the walls. The concrete walls are done right. I feel private in my unit, I don’t hear my neighbours, and my neighbours don’t hear me. Don’t forget, you have gyms, pools, party rooms etc. built right into your building. All maintained for you.
 
Nothing wrong with a good quality building that has quiet neighbors. That's what I've got currently and 1370 sq.ft. to boot. But I do still dream of a detached sometimes to have fewer people around and no shared spaces. Agreed on the maintenance. If it's an older house, something will always need doing.
 
Undead said:
Nothing wrong with a good quality building that has quiet neighbors. That's what I've got currently and 1370 sq.ft. to boot. But I do still dream of a detached sometimes to have fewer people around and no shared spaces. Agreed on the maintenance. If it's an older house, something will always need doing.
Click to expand...
I agree, spacious homes can be great. I could see myself living in a house, but I would definitely rather choose a condo. Especially the one I’m in.
Some condos aren’t great though…
 
I think both serve their purposes for example I have four young children so I prefer living in a house as I have a backyard that I can have a trampoline and a playset and still be able to sit in my kitchen and make sure they're okay now there are ways to go about that in a condo i Just find it much more secure it being in my own backyard on my property but I feel like somebody that actually lives in the city has workarounds for most of these things In the end it's all about preference I love watching the buildings go up here but I don't think I would ever live in one 😂
 
You must log in or register to post here.

Back
Top