Real Estate

How small is your condo?

  • Last Updated:
  • Mar 8th, 2019 8:35 pm
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Deal Fanatic
Feb 29, 2008
8589 posts
3663 upvotes
jillaryit wrote:
Feb 17th, 2019 11:17 pm
My sister in law lives in a 550 sq ft apartment in HK with her husband, 2 kids and a maid. The apartment’s value currently is CAD 1.4m. Every time I go up there, I fail to understand how they do it. They don’t have any of those foldable beds, foldable tables and stuff to maximise the spacing either. Everything’s just very compact and close together. One of the biggest reason why I wanted to leave HK is because unless your family’s rich (and many are), even with HK’s high salaries, you will end up in a shoebox and your kids will grow up in a shoebox.

As to this topic, I have seen so many small living areas (One of my relatives live in a 150 sq ft apartment in HK in a good location (on top of subway station) that cost like CAD 700k+) - where the toilet is below the shower and you can barely move in the washroom. So, yes, anything is possible.
And people wonder why Chinese come here and overpay. The real estate here looks like a bloody bargain when you're paying $1.4M for a 500sqft condo.
Deal Addict
Oct 13, 2006
1877 posts
424 upvotes
Burnaby
800 sq ft 2bd/2bath condo, single professional. If and when I move it will likely be into another condo about 900 sq ft 2bd/2bath + den. Having a second bathroom is a must for me for guests and i'd like to have a more dedicated space for an office as currently its in my 2nd bedroom.
Newbie
Feb 24, 2018
65 posts
69 upvotes
First rule of real estate - location, location, location.

Almost all the high paying jobs are in the core, and they will continue to concentrate there for the forseeable future. It's where young professionals want to live. Entertainment is all downtown. Sports venues, nightlife, restaurants, concerts, etc. Downtown. City investment in infrastructure is also concentrated downtown.

Traffic coming into/out of the city, and therefore commute times will continue to get worse. There does not seem to be a solution as of yet.

Really, the writing is on the wall. The future is downtown. If you own a detached in around downtown, then all the power to you. But otherwise, if you have a detached more than 30 minutes out, you might as well buy land in Manitoba.
Sr. Member
Jul 21, 2009
761 posts
178 upvotes
Toronto
Going from my parents 3200 sqft house to 640 sqft condo downtown to now 1400 sqft townhouse I can say people are pretty amazing at adapting to their living situations. I felt perfectly comfortable in the condo and think 600-800 sqft is a perfect size for a couple.

Entertaining and inviting people over is definitely more challenging in a small space but if you're in a space that small there are probably lots of restaurants for you to gather at. I do miss the big garage spaces that come with larger homes and would love a larger garage attached to a smaller house but those are hard to find.
Deal Addict
User avatar
Feb 7, 2005
1252 posts
360 upvotes
Toronto
I use to live in a 400 sq. ft. (20'x20') loft with tons of light when I was single. Tiny kitchenette and small bathroom with shower, toilet and sink. It was awesome and perfect.
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Heatware
Deal Expert
User avatar
Jan 27, 2004
41083 posts
4875 upvotes
T.O. Lotto Captain
StatsGuy wrote:
Feb 15th, 2019 9:44 am
What do you need in a home office? A laptop and a mouse? Maybe a printer? with everything portable on a screen now , office can be anywhere

Home theater? Condos have those , why clutter house with a treadmill and elliptical? Just goto gym downstairs in a condo. Need quiet place to work? Goto the library/study in a condo

What's the difference between a home office and library/study? Curious

I can see how having kids would require more space though I think anything 800sqft or so is enough for one kid. Def not the 2600 sqft suburb model. In older gens when people had more kids, homes were around the 1000sqft range even for detached .
Thats and driving anything less than a awd suv is considered child abuse these days lol
Deal Fanatic
User avatar
Sep 13, 2005
6816 posts
326 upvotes
Ottawa
StatsGuy wrote:
Feb 15th, 2019 9:44 am
What do you need in a home office? A laptop and a mouse? Maybe a printer? with everything portable on a screen now , office can be anywhere

Home theater? Condos have those , why clutter house with a treadmill and elliptical? Just goto gym downstairs in a condo. Need quiet place to work? Goto the library/study in a condo

What's the difference between a home office and library/study? Curious

I can see how having kids would require more space though I think anything 800sqft or so is enough for one kid. Def not the 2600 sqft suburb model. In older gens when people had more kids, homes were around the 1000sqft range even for detached .
I want a home office because I work with sensitive and private information. I cannot be out in public and working since the information may be leaked by people looking at my screen, unsecured internet etc. I like a full desk, with nice chair, monitor, keyboard, mouse etc because I am more productive that way. Yes, you can work anywhere but I am more productive in a comfortable setting for me. I work with a lot of data so staring at a small laptop screen will not cut it for me. I need a monitor, a big one too.

I like my study/library because it's my "me" area. I don't work there and it's just for me to do things I really enjoy, personal aspect of me. I don't need a segregated space like this but since we have the space why not enjoy it.
TomLafinsky wrote:
Feb 17th, 2019 12:42 pm

I couldn't agree more with you. In particular, the "know how to cook". I guess if it's not an app they don't know how to use it... ;)

I find it 'funny' that a certain generation are staying home with their folks and spend all this money on eating outside. I guess they forgot that eating outside on a regular basis is very expensive. Eating out compared to prepared food at home is easily 5-20 times more expensive, often less healthy and considering it is normally paid with after-tax dollars, it sure ain't cheap.

I think sometimes the way they see things is that they are already "in the hole" so digging themselves a little bit deeper doesn't really matter. I've seen that behavior among people who are mortgaged up to their underwear and live paycheque to paycheque. I guess for them it is a sort of escape.
Why are you so judgmental? People choose their lifestyles that suits them and makes them happy but no need to assume people that choose them are in a negative position or "in the hole" so to speak. People that don't cook doesn't mean they can't afford it or eating incredibly unhealthy as well. I am sure there are lots of people like me that eat out a lot because of variety of reasons. I never enjoyed cooking but love eating. So I pay someone else to cook me delicious meals. I'm ok paying the premium for it. It's MY lifestyle choice and many others. It may put a dent to YOUR budget but I am pretty sure there are many people that can easily afford eating out on a daily basis. I bet you're one of those people that judge people like me that buy lunch at work everyday. I'm well aware of those "types" of people.

Curious, what is your opinion on people that hire cleaners? Is it as harsh?

To answer your original question. Easy, I lived a simple life. I wasn't home much since I always had something to do and didn't cook cause I hate cooking. You also tend to hoard less too like single piece of furniture is multi functional etc.
Sr. Member
May 6, 2013
703 posts
243 upvotes
Toronto
Sanyo wrote:
Feb 15th, 2019 8:49 pm
Agreed a 500 sq ft condo is meant for a young professional, not a family.

Considering millennials these days they pretty much eat almost every meal out now.... so whats the use of a kitchen even?
Speak for yourself, both my wife and I are young professionals and we cook at least 6 times per week. This setup would never work even for some of the most basic meals. Eating out is generally way less healthy than a home cooked meal.
Deal Fanatic
Feb 9, 2009
7818 posts
4801 upvotes
RSXPrem wrote:
Mar 4th, 2019 8:39 am
Speak for yourself, both my wife and I are young professionals and we cook at least 6 times per week. This setup would never work even for some of the most basic meals. Eating out is generally way less healthy than a home cooked meal.
Again... said young professional... not professionals.

Clearly you and your wife are now a family (maybe not I dunno) so clearly it may or may not suit your needs.. in which case you would need to find a bigger unit.

Many people in Toronto in finance and accounting and marketing are early to late 20s and unmarried so the need for them to have a 1000 sq ft unit is a bit much... of course if they can afford it (and some can) then go right ahead, if you can’t then a simple 500 Sq ft with a simple kitchen setup will be good enough.
Deal Addict
Dec 20, 2004
4736 posts
398 upvotes
Toronto
My condo is 750sqft and it's way too much space for 1 person. 600sqft with a good layout is more than sufficient.

Space isn't the issue - quality of life is. I look at guys living in the houses in the suburbs spending hours a day sitting in their cars commuting back and forth and just can't imagine how terrible that must be. Complete waste of life.
Deal Expert
User avatar
Apr 21, 2004
50592 posts
15357 upvotes
johnsmithy wrote:
Feb 28th, 2019 11:08 pm
I use to live in a 400 sq. ft. (20'x20') loft with tons of light when I was single. Tiny kitchenette and small bathroom with shower, toilet and sink. It was awesome and perfect.
What happened after the wedding?
Deal Guru
User avatar
Sep 21, 2010
11668 posts
2683 upvotes
Montréal
Ya, ppl are kinda spoiled in N Amer. I came from a HK apartment a tad over 500sqft (usable) and never thought it was small, in fact, it felt big and was for their stds; it was even a TWO bedroom haha. The designs are more efficient generally-speaking and they have their priorities, e.g. my bathroom and kitchen were smallish but the other rooms were quite 'big'.
The richest 1% of this country owns half our country’s wealth, 5 trillion dollars, one-third of that comes from hard work, two-thirds comes from inheritance, interest on interest accumulating to widows and idiot sons, and what I do.. <find the rest>
Newbie
Jan 30, 2019
66 posts
40 upvotes
I live in 600 sq. ft. and I find it to be enough for one person. The layout of smaller condos makes a huge difference. I was at a friend's with the same about of space, but different layout and I felt boxed in. Mine is completely open concept (except for bedroom, laundry room and bathroom) so the I have a U-shaped kitchen with room for a dining set, a desk and a 3 seater sofa all in one place.

Most of the 600 sq. ft. condos I see being built these days (and some of the 500-ish) have a den - either with a door or not. I can configure my space the way I want it in the big room, so it feels less boxed in, even if I don't have the 9 foot ceilings.
Newbie
Apr 15, 2017
27 posts
7 upvotes
I currently rent a tiny ~150 sq ft studio apartment in Montreal for near $700 per month,
because I am a frigging cheapskate and paranoid about my job earnings prospects for the future.
I have experience corporate consultancy layoffs before (RE: 2010 wall street market crashes).
Oh well, a poor man gonna poor! LOL. Living a simple life is easier to manage :)

Don't worry too much about me though, I am aware I am still much better off than orphans in very poor or war torn regions like Africa / Afghanistan ... etc.
It's all in one's prospective eh?

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