Anyone Living at the Northtown Way Condos in North York?

It is fairly common, there is a premium for both higher floor and higher ceiling.

How do you mean pricing?

How much they are being sold for?
How much more can you sell it for later?


Generally speaking, yes, 9 ft ceiling is a plus. Something you cannot get from.renovation. like the location and view of a condo.

Those things are always a positive for a condo

hereforit wrote: ↑ I'm looking at units at 5 & 15 Northtown specifically and noticed that some units appear to have 9 feet ceilings on the upper floors whereas units on the lower levels are 8 feet.

Is that correct? Does this make a big difference when it comes to pricing?

I just sold a penthouse unit in 10 Northtown. It had 9ft ceilings with the crown moldings. Yes, 9ft ceilings do add value, but the higher floor and view is more valuable.

I wouldn't buy on a lower floor for the higher ceilings. Obviously there is value to the penthouse suites with the 9ft ceilings though.

PS-Be aware that some buildings there have KITEC.

^ Congratulations @CdnRealEstateGuy for opening up your own mortgage brokerage.

alanbrenton wrote: ↑ ^ Congratulations @CdnRealEstateGuy for opening up your own mortgage brokerage.

Thanks man!

I have to say, the higher the ceilings the better for me personally. Having said that, in the resale market I noticed there isn’t that big of a difference in pricing between 8 & 9. Since you are looking at North York, Gibson square has quite a few 8 foot ceiling units and they sell well. I mean if the same unit comes on the market at the same time the one with higher ceilings will probably sell faster. For me, I really notice low ceilings when the space is big. For smaller spaces it is less noticeable especially in wide units with lots of windows and natural light.