Check out this Little Italy Toronto Loft An Ideal House Alternative
Families in condos are certainly trending up and we’re hearing “house alternative” more often than “condo alternative” these days. Toronto houses are expensive and no doubt this Clinton Street gem of a loft is not a less expensive house option but it’s certainly a cooler one.
Armed with a Million dollars you can have the majority of houses in and around the Downtown core (mostly semi’s though). But when we come across lofts like this, they’re amazing enough to have you thinking twice about the “I’m never living in a condo” statement you have likely made at some point.
Here’s what you get for $1,095,000 in Little Italy at Clinton & College (arguably one of Toronto’s best neighbourhoods)
(3D interactive tour below…take a walk through with your mouse or finger)
There’s always room for improvement but the whole space is just too dreamy to ignore. The finishes are top shelf, floor plan is ideal for a family with children and this is the only Toronto Loft on the market right now with a back yard. Needless to say, it’s pretty special. Comes with a price tag that rivals most local houses but you won’t find the cool factor like this in any renovated house for this price.
But what about the maintenance fee?
The most common argument with apartments and lofts is the maintenance fee. Buyers see the annual $9,584.64 maintenance fee for this Loft as money out the window but this fixed cost means that you aren’t spending any money on maintenance and repairs to the shell of the property, windows, doors, roofs, electrical, and plumbing. All of this belongs to the condo corp which is responsible for repairs and maintenance. People spend thousands of dollars each year on repairing and maintaining their houses. See how the expense gap between a house and a condo isn’t as wide as you may have thought? The benefit to a maintenance fee is that it’s a fixed cost vs. a hugely variable cost of house expenses that could pop up at any time. Some would prefer the security of a fixed cost.
If you’d like a private tour of the space or need more info just email us or use the live chat function below.
(High-res photos below message us if you want more Click photo to enlarge)