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Thursday, April 19, 2012

Cheap Condos in Toronto

If you've been following MY QUEST FOR A CONDO then you know I am trying to trade up and eventually get a condo in Toronto... via trading for it!

Now some of you might think, hey, there can't be that many cheap condos in Toronto that people would actually trade for it.

Oh but you're wrong!

A simple trip to thetorontorealestate.com and you can browse the interactive map halfway down the page.

Lets see... Lets select condo / other, list price between $25,000 and $50,00, condo apartment and see what comes up...

5 results! I have organized them below by maintenance costs.

11 Brunel Crt, 3109, Toronto
$35,000
MLS#: C2310293
Rms: 1 Beds: 1 Washrm: 1
Maint: $40

208 Queens Quay St, P320, Toronto (Oh but wait that is a parking space, not a condo.)
$50,000
MLS#: C2306313
Maint: $50

340 Dixon Rd, 1508, Toronto
$50,000
MLS#: W2323286
Rms: 4 Beds: 1 Washrm: 1
Maint: $653 (WOW, THAT IS A LOT OF MAINTENANCE FOR A PLACE THAT CHEAP!)

4645 Jane St, 526, Toronto
$47,885
MLS#: W2296915
Rms: 5 Beds: 2 Washrm: 1
Maint: $610

320 Dixon Rd, 2313, Toronto
$49,500
MLS#: W2326631
Rms: 5 Beds: 2 Washrm: 1
Maint: $740

So yes, it is possibly to find really cheap condos in Toronto. 3 out of the 5 have some weird maintenance fees, which suggests to me there is something wrong with the buildings and that is why they keep dropping the price.

Okay, lets do this again and this time I will change the price range to $50,000 to $75,000.

21 results with maintenance fees varying between $50 and $750. Pretty nifty.

Lets say I traded my way up during My Quest for a Condo until I get a something reasonably valuable... like a luxury car or a yacht. I should be able to trade that for a condo.

Or I could hold out and aim for something nicer around $150,000 or $250,000, which was my original goal when I started this quest. And if condo prices drop in the next year then people may be looking to get rid of their bad investment.

The point is that its doable. And I am just the man to get it done.

IF YOU HAVE SOMETHING TO TRADE ME PLEASE CONTACT ME at charlesmoffat@charlesmoffat.com!

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