Co-op vs Condo

[general surfer]

I just noticed this listing today at 40 Homewood, a co-op on Homewood Ave. which is just north of Carlton between Sherbourne & Jarvis. The price is a little high for a 1 bedroom in a co-op but it's renovated and on a high floor with unobstructed views which presumably bumps up the price.

http://www.mls.ca/propertyDetails.aspx?propertyId=8778861

oh, thanks so much, he think is a bit pricy for him, but really apprecaite your input!

 

[divine_dali]

Really interested in the co-op on Spadina, south of Bloor - 720 Spadina Ave

Hi dt_toronto_geek,
Any chance your friend bought at 720 Spadina Ave (you mention having a friend who bought there and renting out to U of T students), I just looked at a place there yesterday and am really curious what the catch is since the price is so good! Do you have any more info from your friend???
Thank you so much in advance for your time and consideration, it is really appreciated!

Two come to mind downtown, one is on Homewood Ave north of Carlton (Homewood is between Jarvis & Sherbourne) which is a highrise built in the late 60's/early 70's and another is on Gloucester Street between Yonge & Church - also a late 60's/70's building. The building on Gloucester Street (30 Gloucester) is currently undergoing balcony restoration so have a look on MLS to see if anything is for sale, I'm willing to bet that there is. A friend of mine invested in several co-op units back in the 90's and rents them out to U of T students over on Spadina, south of Bloor. I'm not sure of the exact location though.