iwells
Jul 29th, 2007, 05:11 PM
Driving by the area and noticed a new condo going up. Since I already own down the street I decided to check out this new development. It had a catchy name anyway.
Walked in with my wife and wanted to see a 1000sq ft one or two bedroom.
The 1020sq ft was going for $370,000- an additional parking was 20 or 25T extra.
Taxes will be 1% of price and maintenance was .47/sq ft. That totals $3700 taxes and about $500/month for maintenance plus hydro and electricity. Yes the monthly maintenance is only for common elements.
One thing I found was all the south views (overlooking residential toward lake) was sold out. Only had a few large units facing North toward the Go train.
Well, my wifes face was priceless when i started up the toals.
Basically, she said, "WTF, are theses people stupid? I can buy a house at that those costs.".
I found it funnly but I tried to explain supply/demand and location.
Anyone buy? Any commnents.
Noticed there is another development going up called ideas condos down the street.
Walked in with my wife and wanted to see a 1000sq ft one or two bedroom.
The 1020sq ft was going for $370,000- an additional parking was 20 or 25T extra.
Taxes will be 1% of price and maintenance was .47/sq ft. That totals $3700 taxes and about $500/month for maintenance plus hydro and electricity. Yes the monthly maintenance is only for common elements.
One thing I found was all the south views (overlooking residential toward lake) was sold out. Only had a few large units facing North toward the Go train.
Well, my wifes face was priceless when i started up the toals.
Basically, she said, "WTF, are theses people stupid? I can buy a house at that those costs.".
I found it funnly but I tried to explain supply/demand and location.
Anyone buy? Any commnents.
Noticed there is another development going up called ideas condos down the street.