When it comes to browsing through the hundreds of available condos in the GTA, would-be homebuyers are often looking to make sure they’re getting the best value for their money.
But knowing where exactly you’ll get that can be tricky. You not only need to consider the unit’s price, but also the maintenance fees, the size of the unit, and quality. Thankfully, a new report from Strata.ca took these factors into consideration and compiled a list of the top 10 condos across the GTA where you’ll find the best value.
Perhaps not too surprisingly, the vast majority are located outside of Toronto in the suburbs of the GTA. As for what style of condo gets you the best bang for your buck, townhomes handily dominate the list. According to Strata.ca Broker of Record Robert Van Rhijn, townhomes offer a particularly great value due to their lack of amenities.
“These condos can usually afford to keep maintenance fees low for residents because they have no elevator, indoor pool or concierge service to maintain,” Van Rhijn wrote in the report.
So if you’re in the market for a condo, below are the 10 highest-ranking condominiums in the GTA. The numbers in parentheses represent the neighbourhood average.
1. Leah Crescent Townhomes
3-19 Edenbridge Drive, Vaughan
- Cost: $452 per-sq-ft (vs. $767)
- Maintenance Fee: 16¢ per-sq-ft (vs. 70¢)
2. Circa Carriage Townhomes
2-200 Cox Boulevard, Markham
- Cost: $663 per-sq-ft (vs. $976)
- Maintenance Fee: 23¢ per-sq-ft (vs. 58¢)
3. Brighton Place Townhomes
8 Brighton Place, Vaughan
- Cost: $559 per-sq-ft (vs. $767)
- Maintenance Fee: 18¢ per-sq-ft (vs. 70¢)
4. Windermere by The Lake Townhomes
97-101 The Queensway, Toronto
- Cost: $724 per-sq-ft ($905)
- Maintenance Fee: 23¢ per-sq-ft (vs. 73¢)
5. Poplar Crescent Townhomes
1-150 Poplar Crescent, Aurora
- Cost: $484 per-sq-ft (vs. $495)
- Maintenance Fee: 19¢ per-sq-ft(vs. 19¢)
6. Cricklewood Estates Townhomes
1-100 Cricklewood Crescent, Markham
- Cost: $396 per-sq-ft (vs. $863)
- Maintenance Fee: 30¢ per-sq-ft (vs. 65¢)
7. Sheppard Point Condos
1 Reidmount Avenue, Scarborough
- Cost: $354 per-sq-ft (vs. $794)
- Maintenance Fee: 54¢ per-sq-ft (vs. 60¢)
8. The Harbour Club Townhomes
2369 Ontario Street, Oakville
- Cost: $568 per-sq-ft (vs. $809)
- Maintenance Fee: 19¢ per-sq-ft (69¢)
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9. Northern Heights Drive
50-81 Northern Heights Drive, Richmond Hill
- Cost: $639 per-sq-ft(vs. $972)
- Maintenance Fee: 29¢ per-sq-ft (vs. 75¢)
10. Nadia Place & Sixth Line Townhomes
41-45 Nadia Place, Oakville
- Cost: $455 per-sq-ft (vs. $753)
- Maintenance Fee: 32¢ per-sq-ft (vs. 63¢)