by Oliver von Bretten Owning and living in a condo in Downtown, Toronto might just be the best decision you’ll ever make in your life if you want a true city lifestyle. Here are some of the reasons why a lot of modern home buyers are interested in buying these types of properties in the area.
Affordable real estate
Downtown, Toronto is one of the most expensive places to buy real estate in Canada. This area also has some of the highest median rental prices and the highest cost of living. The good news is that condominiums remain relatively affordable. While the prices of condos in Downtown, Toronto are higher than prices in smaller cities, many still consider them as a more affordable and more attractive option to detached homes.
Access to everything
Another good reason why people buy a condo in downtown Toronto is to enjoy a strategic location. Condominiums are often built in spots where residents can enjoy a shorter everyday commute to their offices, schools, recreational areas, and shopping malls. Downtown Toronto has large clusters of retail stores, restaurants, historical sites, and public spaces where performances and events are held. Here, you’ll have plenty of entertainment and recreational activities to do—and many of them will be within walking distance of your home.
Comfortable and convenient lifestyle
In fact, you may not need to leave the building just to have fun because there are plenty of on-site amenities that you can use for free. Condo buildings typically have swimming pools, saunas, fitness centres, and other amenities for the exclusive use of residents, all included in your monthly fee. Moreover, owning a condominium unit is easier than owning a detached home. You won’t have to worry about maintenance and repair that much because you have HOA to call when you need these services.
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