Looking for a condo/townhouse.

Dec 5th, 2020 3:57 pm

#1

cowbunpants [OP]: Deal Addict; Feb 16, 2013; 1547 posts; 1274 upvotes; Toronto

Dec 5th, 2020 3:57 pm

Hi guys.
2 adults, combined income 150K.
1 works from home, the other commutes.
Have about 150K down payment.
Looking for a condo/townhouse with at least one parking spot.
Building has to be pet friendly; 2 rabbits. Not willing to give them up.
Prefer to be closer to Toronto.

....

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Dec 5th, 2020 3:59 pm

#2

Cheapo-Findo: Deal Guru; Mar 9, 2007; 13872 posts; 8937 upvotes; Think of the Childre…

Dec 5th, 2020 3:59 pm

You need a realtor not RFDtor.

WOULD SOMEBODY THINK OF THE CHILDREN!!!

+10

Dec 5th, 2020 4:08 pm

#3

Karma2000: Sr. Member; Dec 28, 2010; 708 posts; 296 upvotes; Toronto

Dec 5th, 2020 4:08 pm

Provide more info:
Why townhouse or condo? With current interest rates and your income can get more in suburbs.
Commutes to downtown or any other location?

Dec 5th, 2020 4:14 pm

#4

cowbunpants [OP]: Deal Addict; Feb 16, 2013; 1547 posts; 1274 upvotes; Toronto

Dec 5th, 2020 4:14 pm

Karma2000 wrote: ↑ Provide more info:
Why townhouse or condo? With current interest rates and your income can get more in suburbs.
Commutes to downtown or any other location?

I work downtown a lot. So I'd prefer to get my the scooter to get to GO station etc.
Kids might not be a thing for us at this point.
We currently rent a shoebox for 1400, the landlord is getting uppity.
Condo prices are starting to look reasonable downtown.

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Dec 5th, 2020 5:14 pm

#5

coolmanfever: Member; Oct 22, 2016; 249 posts; 87 upvotes

Dec 5th, 2020 5:14 pm

you do not need agent to buy. If you put in the time, you can find something on here

https://housesigma.com/web/en/

+3

Dec 5th, 2020 5:40 pm

#6

oasis100: Deal Fanatic; Mar 27, 2004; 5383 posts; 3277 upvotes; Toronto

Dec 5th, 2020 5:40 pm

coolmanfever wrote: ↑ you do not need agent to buy. If you put in the time, you can find something on here

https://housesigma.com/web/en/

bad advice.

Full-time Realtor

+2

Dec 5th, 2020 5:43 pm

#7

DaMan12: Deal Addict; Jan 15, 2010; 1116 posts; 1306 upvotes; Toronto

Dec 5th, 2020 5:43 pm

You prefer a commute and more space vs a condo downtown?

Dec 5th, 2020 5:44 pm

#8

lolbeast: Temp. Banned; Apr 29, 2010; 569 posts; 932 upvotes; GTA

Dec 5th, 2020 5:44 pm

DaMan12 wrote: ↑ You prefer a commute and more space vs a condo downtown?

Yes

+3

Dec 5th, 2020 6:47 pm

#9

Karma2000: Sr. Member; Dec 28, 2010; 708 posts; 296 upvotes; Toronto

Dec 5th, 2020 6:47 pm

cowbunpants wrote: ↑ I work downtown a lot. So I'd prefer to get my the scooter to get to GO station etc.

I live in the area, so I maybe biased but condo-townhouses near square one are a good value as compared to what you would find in vicinity of downtown Toronto. Also GO Train is cheaper and with new developments planned by Oxford, Daniels, Rogers etc..,LRT ...existing Mall, Sheridan College etc....
The walk score is pretty good for some of these townhouses with doctor's office, restaurants, Starbucks, Rabba etc .there is a mix of family and young crowd as well and Celebration square hosted some pretty good events pre-covid, has skating rink etc...
Having said that you might be able to land a good deal for condo in downtown , but for townhouses, Mississauga would be my pick.

+3

Dec 6th, 2020 6:58 am

#10

loriblum: Deal Addict; Dec 21, 2010; 1566 posts; 845 upvotes; GTA

Dec 6th, 2020 6:58 am

Do you have any specific area with family and friends that you would like to be near? Are you partial to the East or West end? Central? Would you go North?

Start with a list of your desired boundaries, max willingness to commute by distance, the need for convenient public transportation or highways, and then we/you can build on this to help narrow down your choices.

Award Winning Realtor - I LOVE MY JOB!!
At the end of the day, you're the boss and need to make sure I'm worth your rate of pay!

Dec 6th, 2020 7:21 am

#11

JayLove06: Deal Guru; Feb 29, 2008; 14235 posts; 10532 upvotes

Dec 6th, 2020 7:21 am

oasis100 wrote: ↑ bad advice.

Very.

+1

Dec 6th, 2020 8:09 am

#12

slowtyper: Deal Guru; Sep 2, 2008; 11717 posts; 1596 upvotes

Dec 6th, 2020 8:09 am

We bought 5 years ago on Queen west near Gladstone. Very happy with this condo and neighborhood. We are starting prep to sell it and find a townhouse now.

Dec 6th, 2020 4:47 pm

#13

ysl5710: Deal Addict; Apr 4, 2017; 1448 posts; 411 upvotes; Toronto

Dec 6th, 2020 4:47 pm

Heard good things about Daniel homes.
What happened to hurontario LRT project?

Dec 7th, 2020 7:04 am

#14

HotDeals20: Jr. Member; Oct 6, 2020; 153 posts; 151 upvotes

Dec 7th, 2020 7:04 am

ysl5710 wrote: ↑ Heard good things about Daniel homes.
What happened to hurontario LRT project?

What do you mean? From Metrolinx's website, it's scheduled to be completed for Fall 2024. Since they're still rolling it out, expect at least 10 years of delay.

November 11 update:

+1

Dec 7th, 2020 5:13 pm

#15

Capindy: Member; Mar 31, 2017; 271 posts; 253 upvotes

Dec 7th, 2020 5:13 pm

https://www.bungol.ca/map/43.676538&-79 ... 45-4198017

Dec 7th, 2020 11:37 pm

#16

mjkrealty: Newbie; Apr 6, 2020; 90 posts; 63 upvotes; Toronto

Dec 7th, 2020 11:37 pm

Finding a place to buy is easy... realtor.ca. Now look for an agent that will give you the best service and make the whole process as easy & seamless as possible.

GTA Real Estate Agent

Dec 8th, 2020 8:11 am

#17

senasena: Deal Addict; Feb 19, 2019; 1133 posts; 1541 upvotes; Stouffville ON

Dec 8th, 2020 8:11 am

OP, have you gotten pre-approval yet? if not contact a good mortgage broker to get pre-approval, once you have that see what you are comfortable spending, With established budget you will need to narrow down what you a looking for (area, size, etc).

Full Time and Full Service Realtor

+1

Dec 8th, 2020 5:45 pm

#18

oasis100: Deal Fanatic; Mar 27, 2004; 5383 posts; 3277 upvotes; Toronto

Dec 8th, 2020 5:45 pm

senasena wrote: ↑ OP, have you gotten pre-approval yet? if not contact a good mortgage broker to get pre-approval, once you have that see what you are comfortable spending, With established budget you will need to narrow down what you a looking for (area, size, etc).

good advice

Full-time Realtor

Dec 8th, 2020 11:55 pm

#19

promiseland: Newbie; Dec 19, 2012; 61 posts; 29 upvotes; Toronto

Dec 8th, 2020 11:55 pm

Hi gents,
I had question I am first time homebuyer and I been approved for 800000 and I got 20% down payment. I live in Toronto so that type of money doesn't go that far but I want to get your guys take would it be better just to buy a detached home in Toronto as I was looking to live upstairs and rent out the basement or is it better to buy a town house somewhere surrounding city of Toronto which will be somewhat cheaper and then with the left over money try to buy a condo given its somewhat of a buyers market? If you guys have any other suggestion as I want to maximize the money would greatly appreciated.

Dec 9th, 2020 8:26 am

#20

senasena: Deal Addict; Feb 19, 2019; 1133 posts; 1541 upvotes; Stouffville ON

Dec 9th, 2020 8:26 am

promiseland wrote: ↑ Hi gents,
I had question I am first time homebuyer and I been approved for 800000 and I got 20% down payment. I live in Toronto so that type of money doesn't go that far but I want to get your guys take would it be better just to buy a detached home in Toronto as I was looking to live upstairs and rent out the basement or is it better to buy a town house somewhere surrounding city of Toronto which will be somewhat cheaper and then with the left over money try to buy a condo given its somewhat of a buyers market? If you guys have any other suggestion as I want to maximize the money would greatly appreciated.

Affordability aside look at the lifestyle. Are you ok with someone living in your house? There are many challenges that go with it, noise transmission and soundproofing is one, also these type of properties are in a very high demand since for many poeple it's the one of the ways to get into the market, and investors are looking for properties with two unit rental potential.

Full Time and Full Service Realtor

+1