Quote:
Originally Posted by yal
Hey guys,
I am taking this as an opportunity to post my first message. I am currently on a condo hunt and visited the showroom. Project seems to be very high quality but they are asking almost DT Toronto prices. 600-something sqft 1 bedroom + den facing the park is 379k + 36k for parking. I would rather buy Roy at this point.
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They're betting that the south end will be more appealing than downtown. If you're buying south end, you can still get a detached house for that price.
If you're buying downtown, I don't think there are many single-family houses left, so condos are where it's at.
For me, if I were in the market for a condo, I'd be right in the middle of downtown. I'd pick a Roy with a city view, which is cheaper and has warmer light than harbour view and comes with great views of the citadel, rather than this building further south. I'm not sure what north end condo pricing is like, but they're in neighbourhoods I'd consider more interesting than south end, with better potential for return on investment... actually, I think downtown is currently undervalued, so either would be a better investment than the south end in my book.
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