A Guide to Buying a Condo in Toronto

Condo gardenFinding the right place to stay in Toronto can be brutal if you do not know where to look, and what to look for in a condo or apartment. Selecting between an apartment and a condo will be based on the facilities that you wish to have in your home. But for those of you who want a bit of luxury in the city, getting a condominium like the Mirvish + Gehry Condos at King Street West. You can check it out at http://mirvishgehry.ca to learn more about that property but in the meantime, let us look at a few things you can expect from a luxury condominium.

Space

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One thing that high-end units have is ample space. You will not feel confined like you would in a regular apartment. Remember that some will be much bigger with more bedrooms and larger living spaces and you will have to pay more for the bigger ones. You can also design and decorate units if you pre-book them and this will allow you to have a unique one and add your personal touch.

Facilities

There are many options for high-end condo owners. Some are serviced, and some are not. A serviced unit would generally include regular cleaning by a cleaning crew. You will have twenty-four-hour security, and access control in many buildings which means no one can knock on your door without you knowing first. Other facilities may include but are not limited to the following.

  • Swimming pools
  • Sauna
  • Gym
  • Restaurants
  • Library
  • Jogging tracks
  • Gardens
  • Mini-marts etc.

Before you decide

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Buying a unit in an expensive residential building is no small investment. Therefore, you must know what you are getting into and obviously get the best value for your money. The best way to do this is to pre-order a unit of a new development. This will no doubt mean that you have to wait a couple of years until you can move in but it is much better than paying more and moving into a place that is decorated according to someone else’s design.

Finances

Purchasing a condominium in a location like King Street can be rather expensive. However, there is no real need to spend all your savings in one go. You may want to consider getting a loan so that you can pay it off in a few years and by the time it is ready to move in, you would only have a small outstanding.

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