Discussion in 'Real Estate - Individual Project Threads' started by Edward Skira, Aug 28, 2013.
43 Gerrard St. W (50s, RAW Design)
"Oh yay rental buildings - no condos - so affordable more please!!!"
I think a benefit of living in a rental building though is you don't have to search for your landlord if anything comes up. You deal with the rental office. In some cases the landlord could be in a different country. You also don't have to worry about getting kicked out of your home because the landlord decided to sell or is having their children move in. I guess convenience comes at a cost.
I decided to rent a unit in this building as it does end up being more affordable than a condo rental. I put a deposit on a 700 sqft 1 bedroom corner unit for $2150/month. Most 2 bedroom units these days are under 700 sqft, yet all the 1 bedroom units in this building are huge by downtown Toronto standards. Current market prices for condo rentals in this area are about the same price for 500 sqft, so I'm pretty happy with what I got.
jeez that is good. Are there smaller 1 beds available for rent? any idea what parking prices are like?
Studios from $1,600, 1BR from $1,975, 2BR from $2,625, and 3BR from $3,500
Not bad. And if there were more of these it would keep rents in check much more than silly rent controls.
Smallest one bedroom unit was 513sqft, and all of the others were between 600sqft and 700sqft. No idea about parking.
Not sure about parking (or why someone at this site would need it) but one cool feature is a dedicated uber/lyft pickup/dropoff area so drivers don't have to block traffic.
the two 2-storey penthouse units have parking included, but for 1 bedrooms, you can rent parking for $225/month. as a resident, your visitors also get discounted parking at the underground garage.