Whether you’re a longtime resident of Toronto or a recent transplant, when you’re searching for your perfect Toronto condos, it’s important to consider which district of Toronto you wish to live in.
Trying to find a perfect downtown Toronto condos for sale is a daunting, often intimidating task. There are a number of tips to ease your process and mind both before the actual sale and during.
Hire a professional! Don’t assume that you can take on this task all by yourself. Without the necessary training you can miss important (and expensive) details. Have a great lawyer, too, to ensure that your contracts are solid and there won’t be any legal quibbling later over terms.
You need to determine your financial qualification so you know what mortgage you can afford. It’s important also to consider the costs of closing, lawyer’s fees, moving, and other unexpected expenses that most people don’t account for.
New Downtown Toronto Condos for sale
When looking at Toronto condos for sale, you need to keep in mind the re-sale possibilities. With that said, selling a two bedroom condo is much easier than selling a bachelor. Consider the view (for both yourself and resale value), the neighborhood (is it safe *question* How does it feel at night versus during the day *question*). Make sure to see the entire building – there’s nothing worse than purchasing a condo and realizing you’re directly under the gym!
Some of the most popular neighbourhoods include: The Riverside District (located on Queen East, east of the Don River). This is a highly artistic, creative section of Toronto. It is distinctly outside of the downtown core, which is great for people looking to escape the hustle and bustle of city life. Expect to see older versions of of Toronto condo there, and you may have to hunt a bit for renovated condos that fit your standard. However, the vibe is worth it!
Pre-Construction Luxury Toronto Condominiums
The Entertainment District (located North from Front St. to Queen St., and West from Yonge St. to Spadina Ave.) This district is teeming with trendy restaurants, nigh clubs, luxury hotels, theaters, and the Rogers Centre for all of your sporting needs. At night and during the day it feels busy and alive. The downtown Toronto condos here are modern high-rises ideal for busy professionals. It is also one of the more expensive areas of Toronto.
The Distillery District (located at 55 Mill Street and direct surrounding area). This is an incredible area full of art and culture. There are more than 15 galleries, multiple theaters, and is the home to many festivals throughout the year. The lofts here have been updated and often features beautiful exposed brick and high ceilings. This isn’t a district to be missed when looking for condos Toronto!
When considering luxury condos Toronto, often the maintenance fees do not reflect the actual service in the building, but instead what they assume their clients can afford. Make sure to ask around and verify that security is above standard, the gym provides amenities unlike other buildings, and that problems with the unit or building are dealt with in a timely fashion. Don’t be shy to make small talk on the elevator asking other residents how they feel about the building maintenance in general.
Often you can save a lot of money purchasing new condos Toronto. A popular option for many people is purchasing pre-construction condos Toronto, often saving tens of thousands of dollars in the process. This is an excellent option, but keep in mind that the projected dates for condo construction are almost always a little too enthusiastic. It’s very normal for the condo to take months (or even a year!) longer than anticipated, so ensure that you’re not going to be homeless if this does happen to occur. Additionally, the layout of a condo on a blueprint can look and feel quite a bit different than in person. A good practice is to map out (perhaps in a garage or other paved area) with tape the actual dimensions of your home, so you can determine if the layout makes sense for you and your lifestyle before you purchase it.
Condo sales are on an all-time high for a reason; the convenient low-maintenance living with the ideal locations downtown make it a luxuriously simple option. Just stay well informed while looking for your Toronto condos, and happy hunting!
How to select your ideal Toronto Condos
Bloor and Yorkville (located at Bloor St W. Between Yonge St. and Avenue Road). This area of Toronto is known for it’s exclusive shops and dining. Beautiful clothing, restaurants, and bars are on every street corner, and the condos are a perfect mix of older architecture with modern luxury. An expensive, but worth it, area of Toronto.
These districts only represent a small fraction of the diverse, interesting neighborhoods in Toronto. When shopping for your Toronto condos make sure you take the time to explore most of them and find the perfect fit for you!
