May 2024
Renting the ideal condo depends on your interests and priorities.
Some desire a home that is quiet and isolated. Others prefer to have easy access to everything Toronto offers without having to travel. A young and single individual is content to live in a smaller space. Older individuals, with or without children, may desire more space.
Some are only concerned with the space they live in. For many, amenities are the priority. Exercise room, swimming pool, socialization space, or pet services may be important.
Other considerations:
- Not all communities allow pets. Of those that do allow pets, not all provide pet amenities. Some require pets to enter and exit through a back or side door, or be carried through the building.
- Some communities offer space to park a vehicle, store a bicycle and/or include a storage locker.
- Smoking of tobacco and/or marijuana may be allowed or disallowed. Different rules may apply to private units and common areas.
If cost is a consideration, smaller units farther from downtown and subway lines cost less to rent. Those with fewer amenities, lesser quality furnishings and no security personnel tend to have lower condo fees thus charge less rent.
You get what you pay for. That larger and nicer unit in a well-maintained community with extensive amenities and good security will cost more to rent. That owner paid more for the unit, likely has a larger mortgage, and is required to pay more in monthly fees which they expect to be recouped by charging more in rent.
The ideal condo rental is elusive. It varies depending on one’s personal situation, interests and income.
