Condo units at Queen quay, toronto
Apr 1st 2008, 7:34 pm
#16
especially the mint one
Joined: Feb 2008
Location: Toronto
Posts: 178
Re: Condo units at Queen quay, toronto
I disagree. I've done quite well buying/renting and selling condos (and the margins have sometimes been better than on my other properties) - you just need the right research and advice, as was mentioned above.
Try giving Roy Boyce ([email protected]) a shout - he's been my realtor for years and is extremely good at market analysis and negotiation - I trust his opinion and have done well by it. Good luck!
Try giving Roy Boyce ([email protected]) a shout - he's been my realtor for years and is extremely good at market analysis and negotiation - I trust his opinion and have done well by it. Good luck!
Last edited by club_biscuit; Apr 1st 2008 at 7:42 pm.
Apr 1st 2008, 7:57 pm
#17
Elusive dreamer
Joined: Jan 2007
Posts: 425
Re: Condo units at Queen quay, toronto
I disagree. I've done quite well buying/renting and selling condos (and the margins have sometimes been better than on my other properties) - you just need the right research and advice, as was mentioned above.
Try giving Roy Boyce ([email protected]) a shout - he's been my realtor for years and is extremely good at market analysis and negotiation - I trust his opinion and have done well by it. Good luck!
Try giving Roy Boyce ([email protected]) a shout - he's been my realtor for years and is extremely good at market analysis and negotiation - I trust his opinion and have done well by it. Good luck!
Apr 1st 2008, 8:00 pm
#18
Forum Regular
Joined: Feb 2008
Location: Toronto, Canada
Posts: 285
Re: Condo units at Queen quay, toronto
I'm sure there are condo specialist realtors in Toronto but that's one of the things that was pointed out to be by mine in Calgary. By going through all the condo documents and flagging up concerns/queries about the reserve fund, and comparing fees with other developments he highlighted that the monthly fees were unrealistically low and sure enough he was right. It would have been a nasty shock indeed if I hadn't had a realistic condo fee per sq ft from him when buying as opposed to the artificially low one, as my fees have more than doubled since.
It's a Calgary-based website but there is some good reading about condo ownership here - http://condosincalgary.com/articles/index.html
It's a Calgary-based website but there is some good reading about condo ownership here - http://condosincalgary.com/articles/index.html
No such thing as a 'condo specialist' really as We all go through the same mill here in Ontario. In reality they are easy to deal with and I would say that rural and commercial property can pose much more of a challenge (rights of way, easements, septics, mineral rights, wells etc. ). Many Real Estate agents rarely look at the status certificate of a building (only if they are being nosey) in Toronto as then they would be asked to have an opinion on it. In reality it goes straight to your lawyer who provides opinion on the status of the corporation to you and this is your best protection. The low fee units tend to stick out like a sore thumb on the mls before you even step into the building. All the additional items in condo ownership can make a significant difference to the property (lockers, parking, common elements, maint. fees memberships) and all will have a bearing on the purchase and resale of the unit as well as the holy trinity ....LOCATION, CONDITION, PRICE.
A few pointers are to make sure that you understand how much the fees are going up. What is the average that you should expect to pay, this will depend on what is included or excluded. What are the premiums for floors, and also aspect (South facing will generally be higher if the view is unobstructed). What could be built to obstruct your view.
