There’s only four listings today… and I didn’t have a lot to say in a video.
With 235 Bronte #45, they have some ammunition to get their price. A really nice one sold in February for $390k, and a not-as-nice one sold for $385k a few weeks ago. Then a four-bedroom launched just after that sale, and smashed the record for $40,000 over asking at $415k. We put a “K” on the end of those numbers so that they seemed easier to digest, but all of them sold for significantly more than asking.
As the freehold townhomes continue their rapid upward climb, they’re creating ripple effects in the market, especially with these lower-priced condo townhouses.
You pay somewhere around $300 per month extra, but your purchase price is often lower by $100,000. It still works out to be less out-of-pocket each month with those condo fees. And as a bonus, many of the fees including windows, doors and roofs, along with your monthly water bill, road maintenance and sometimes a playground or a pool. It’s nice to know you get something out of the deal.
Today’s video is an interview with a lawyer… all about condo fees. Be sure to look at the Status Certificate for clues about increasing fees or special rules that could affect your enjoyment!
There’s another good article here about how a well-managed condo will actually increase in value faster than other similar units.
Gazley is a good looking Croftside model, and I have a feeling they’ll sell for more than asking. Offers on that one are May 13th.