January 18, 2021

Metro Real Estate Forum

Real Estate Investments

yorkville condos

Toronto lifestyle: Five Reasons to Buy a Condo in Yorkville

Whether you live in a condo, a bungalow or any other kind of accommodation, know for sure that it would cost you cheaper to live in other parts of Canada, even with the same kinds of apartments.

A condominium popularly referred to as a ‘condo’ is a joint apartment in a building. You get to own a house within a building, normally consisting of other units, when you purchase a condo. Living in a condo gives the sense of community one may not find living in apartments or other stand-alone houses.

Looking out for Yorkville condos for sale should not be as exhausting as it would before due to the technology. Now, you can sit in any part of the world and look out for the condominium that suits you and eventually own it. The Toronto Real Estate Board has made things easier. This is why we are presenting below five reasons to buy a condo in Yorkville.

yorkville condos

1.     Luxury

Since Toronto is one of Canada’s biggest cities, buying a Condo in Yorkville is buying aesthetics. Luxurious habitations abound at Yorkville. Although they are expensive, the ‘high-class’ culture of Yorkville pays for that expense. Despite this, owning a luxurious condo still has some advantages. Since it is just one unit in the building, professional development takes care of the rest of the building’s needs like mowing the lawn, making sure it looks nice and several other kinds of maintenance the building would need.

2.     Exposure to the Business at Yorkville

This is another reason to look out for when searching for Yorkville condos for sale. You either go for one that is quiet and away from the hustle and bustle of the city, or one that is very much exposed to it. The city is filled with retail and shopping centers and other business centers. These sites are good if you are looking out for business opportunities.

yorkville condos

3.     Easy Purchase

The Toronto Real Estate Board lists Yorkville condos for sale, with their prices and specifications. Their website is open and their robust law team will guide any buyer through the process and the incentives involved. Some condos list walk score, bike score and transit score. This information can be used to decide which one will suit your needs.

4.     Incentives

Purchasing condos with incentives is one unique advantage in Yorkville. The right to lease during interim occupancy with some capped development charges are sure sweet rewards for deciding to own a condo in Yorkville, one of Toronto’s finest. Plus, Yorkville is an interesting place to own a condo. The sense of security is also an incentive. Once one’s apartment is locked, there is no worry about how the other part of the house will fare.

5.     Community

The sense of community in a condo cannot be compared to any other kind of house at Yorkville. The fact that other tenants also occupy a condo creates social awareness within the house. For a lot of people who dislike living alone, the condo is best for them. Relationships can be formed easily with the people they live with.