Quick Real Estate Question

[ez$$]

I'm looking to buy a condo and have narrowed it down to two areas- Bayview and Sheppard vs Spadina and Front...

Which area would you recommend?

I really like the convenience of Spadian/Front but from what I hear, Bayview/Sheppard is one of the most upscale and desirable areas of the city....

Not too familiar with Toronto real estate, so any input is appreciated...

 

[Buick Mackane]

How about a place that's less than a 20 minute walk to work, is that a good area? You'd save a shitload in commuting, parking and arrive less aggravated.

 

[JamesDouglas]

I used to live in a condo at Bayview and Sheppard, there's really not much going on there. You have Bayview Village, and that's really it, pretty boring area. There's a lot more going on at Yonge and Sheppard, and much much more going on at Spadina and Front. Of course the condos at Bayview and Sheppard will be cheaper, but it's still an expensive area.

 

[TeasePlease]

Bayiew and Shep is expensive because it's on the subway line....it is historically a family oriented area, so whys the draw for condo dwellers? I've had several friends regret buying and living there.

I lived on the harbor front for 6 years. Loved it. Wish I could so it again.

 

[Tangwhich]

Why not rent for a while and get a feel for the city so you can make an informed decision in a year? Right now condo prices are set for a fall in prices. There's just too many of them and they are expensive as hell. Unless you're putting down a big down payment, renting is much cheaper than purchasing right now.

 

[JamesDouglas]

Bayiew and Shep is expensive because it's on the subway line....it is historically a family oriented area, so whys the draw for condo dwellers? I've had several friends regret buying and living there.

I lived on the harbor front for 6 years. Loved it. Wish I could so it again.

True, the only place in North York worth buying a condo is in the Yonge and Sheppard area, but even that's become overpriced for what you get. Yonge and Eglinton is a better option, and even better is somewhere along Front street, or Yonge and King, Yonge and Dundas, lots of good options downtown.

 

[Buick Mackane]

Within 40 years, all the windows will need replacing - hopefully they don't fall out and kill someone before that happens. Underground garages will be corroded due to road salt and exhaust, maybe make the building unstable, that's going to be a big expense for the condo board.
You see newer buildings with the veneer dented or falling off, they're often shabby construction.

 

[ez$$]

Thanks for the input....I'm leaning toward the Spadina/Front option.....makes a lot more sense for me right now and could serve as a good rental property down the road...

Although, might hold off on the buy as I agree with Tangwhich about condo prices coming down in the short-term

 

[fun-guy]

lmao, not too many people buy condos with a 40 year horizon Buick. Very high probability you will move way before 40 years. Well after our lifetime to worry about stuff like that.

From an investment point of view, downtown is your best bet.

 

[Buick Mackane]

I bought my current house 30 years ago, probably live in it another 30 years. I was lucky, the first year it almost doubled in value.

 

[fun-guy]

Is it a detached house or a condo? I agree one could live 30 plus years in a house, but not too many buy a condo and live 40 years, sure there might be some but I don't know anyone and there's few I would guess.