im sure these are all great condos, but in general i think the best ones are those with a proven track record of good property management with board fiscal responsibility. easier to see that with resale, always a gamble with precon (sorry Jordan). Smaller boutique buildings always seem to have less transient traffic/short term rentals, higher % owner occupied (tenants destroy stuff), a better community feel and easier to reverse bad board decisions with votes. smaller boutique means 30 second elevator waits and rides, vs. potentially 5 minute waits and rides in these larger towers.
I've always liked boutique buildings. I lived in a condos with 6 storeys and 9. Never had to wait for an elevator. Basically anything built in the last 10 years was marketed to investors, so they are going to have more tenants vs owners. I like 10-12 year buildings, can be a nice sweet spot.
What about the ones on your last list that didn't make the cut? Has something bad happened to them? 112 George St / 224 King St W / 510 King St. E / 55 Front St
I’ve had a good experience with that building. I had a listing in there that sold fairly quickly and we also had a buyer that purchased end of last year that’s really enjoying it.
@@TomStorey how can you answer this? Doesn't it determine greatly on the age of the building, amenities included, utilities included, if the unit has a locker, balcony, or parking spots?
What's gonna happen when presales come ready to complete? We bought two last year using a credit line for the 10% down, now we are f..ked paying 7+ % interest just for the option to buy in 2025. I think rates will be back to 2% By then
im sure these are all great condos, but in general i think the best ones are those with a proven track record of good property management with board fiscal responsibility. easier to see that with resale, always a gamble with precon (sorry Jordan). Smaller boutique buildings always seem to have less transient traffic/short term rentals, higher % owner occupied (tenants destroy stuff), a better community feel and easier to reverse bad board decisions with votes. smaller boutique means 30 second elevator waits and rides, vs. potentially 5 minute waits and rides in these larger towers.
what can I say im a gambling man
I've always liked boutique buildings. I lived in a condos with 6 storeys and 9. Never had to wait for an elevator. Basically anything built in the last 10 years was marketed to investors, so they are going to have more tenants vs owners. I like 10-12 year buildings, can be a nice sweet spot.
170 sumach is great
Do an affordable top 10 please 😉
Good idea!
No such thing bro
my favourite is 36 lisgar
Can't argue with the Don.
Second that. 68 Abell a close 2nd?
I exclusively recommend buildings that send me legal letters…
Google Reviews
3.1 (15 Google reviews)- 505 Richmond St
3.8 (78 Google reviews) - 36 Lisgar St
4.3 (22 Google reviews ) - 68 Abell St
What about the ones on your last list that didn't make the cut? Has something bad happened to them? 112 George St / 224 King St W / 510 King St. E / 55 Front St
Festival Tower (TIFF Lightbox) is a great building.
i would like to know how much condo in number 1 ritchmond you said....how much for 2 bed 2 bath and 1 bed 1 den /? and how much for the maintenant//
That’s a solid list. Buy great gulf buildings.
Agreed.
Hey Tom - Any thoughts on Monde by Great Gulf?
I really like Great Gulf as a developer. I think longterm that area will be great.
How about the building 33 Iannuzzi St? It’s fairly new.
If I want to add I will add Daniels Lighthouse Towers at East Waterfront 💦 area.
Thoughts on 90 Glen Everest Road?
Please share your thoughts on Aqua Condo, 410 Queens Quay W.
X condos but not it’s sister X2 condos? Anything particularly wrong with it to not have made the list?
Nothing wrong. It’s a good building also. Because it’s newer, it has more rentals in the building compared to X. So just something to consider.
Hey Tom what’s your thoughts on the infinity condos on grand trunk and lower Simcoe
I like those buildings. Solid value. We've had several clients live in the Lower Simcoe and Grand Trunk buildings.
What are your thoughts on the building 50 Ordanance in Liberal Village?
I’ve had a good experience with that building. I had a listing in there that sold fairly quickly and we also had a buyer that purchased end of last year that’s really enjoying it.
@@TomStorey Thank you for your feedback
What are reasonable maintenance fees to you? Too low can be a real problem in the future.
$75-80 cents a sqft is ideal.
@@TomStorey how can you answer this? Doesn't it determine greatly on the age of the building, amenities included, utilities included, if the unit has a locker, balcony, or parking spots?
@@vert911 of course. Lots of factors. But generally (at least for buildings under 10 years old) I’d be a bit worried if fees are over $1 a SQFT.
What's gonna happen when presales come ready to complete? We bought two last year using a credit line for the 10% down, now we are f..ked paying 7+ % interest just for the option to buy in 2025. I think rates will be back to 2% By then
No, I don't think we will see rates back to 2% for a long long time.
in 2025, condo prices will be down....significantly.
People call places like 43 Hanna Ave downtown core? Geez
55 Front?
One of the best in the area.