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The Benefits of Living in a Condo

Posted by Doriana Zohil-Morton on March 15, 2019
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There are a lot of great reasons to rent a furnished condo in Toronto or North York right now. Not only has the cost of purchasing a condo unit far exceeded the cost of renting one, but it also means you have a lot more freedom if you are only planning on staying in the city for a short period of time.

As a tenant, you don’t have to worry about making your own repairs or keeping up the appearance of the unit. Under your rental agreement, these tasks are the responsibility of your landlord. However, that doesn’t mean you have free reign to do whatever you want with the place. Any structural changes must be approved by your landlord.

Renting a furnished condo unit is a great option for baby boomers that are looking to downsize their space and reduce their household responsibilities. It’s also a great option for businesspeople who are planning a short-term stay in Toronto or North York and don’t want the hassle of staying in a hotel or the commitment of purchasing a property.

Basically, the possibilities are endless when it comes to renting furnished condominiums in North York and Toronto!

What Is a Condo?

Just like houses, condos come in all shapes and sizes. Whether you’re thinking of moving into a new building, a condo-townhouse, a duplex, triplex or any other type of lodging, condos have a lot to offer.

Condos are small private residences that exist within a community and they usually come with a host of amenities included. As a renter, monthly maintenance fees are typically included in your rental payments, so you don’t have to worry about paying those separately.

Renting a condo also absolves you of having to maintain the property or make repairs. Since you don’t own the unit, your landlord is responsible for hiring maintenance personnel and paying for their services.

What Are the Benefits of Renting a Furnished Condo in Toronto or North York?

Downtown Toronto and North York are both two very distinct communities. If you decide to rent a condo in either one of these areas, then you’ll have access to a number of local institutions.

Aside from being within close walking distance to a lot of intriguing local attractions, there are a few other benefits to renting a furnished condo in Toronto or North York.

You’re Not Responsible for Outdoor Maintenance

One of the biggest benefits of living in a condo building is that you don’t have to worry about performing outdoor maintenance duties. A portion of your rent goes toward beautifying the grounds, planting trees and flowers, and keeping the outdoor space clean, as well as snow and ice removal in the winter. Roof repairs, window washing, and parking garage maintenance are also taken care of by the building management team. As mentioned, renters don’t even have to pay for maintenance or repairs within their own units. This is the landlord’s responsibility.

Unlimited Access to Amazing Amenities

Part of your monthly rent goes toward paying for amenities in your building and community. This can include pool maintenance, a state-of-the-art gym in your building, a concierge service, security personnel, or even a theater room. Furnished condominiums in Toronto and North York also come with high-end furnishings, a fully equipped kitchen, ensuite washer and dryer, Wi-Fi access, a private phone line and best of all, you get to live in your own personal space! These are things you generally don’t have access to if you own a freehold property or rent a hotel room.

Upscale Lifestyle/Community

Depending on the area your building is located in and the quality of the upkeep, living in a condo building or community allows you to have a certain type of luxurious lifestyle. Certain parts of Toronto and the GTA such as North York, Richmond Hill, and Vaughan are known for having higher end housing developments than other areas. This means residents are able to enjoy a more lavish lifestyle and their condo accommodations are a reflection of that.

Condos in these cities are typically centrally located and are within close walking distance to local markets, shops, malls, public parks, restaurants, cafes, and other attractions. Some residences also have private lobby entrances for enhanced security, underground parking, separate visitor parking, concierge services, and VIP cable packages to accommodate your needs.

Top Notch Security Systems and Personnel

High-end condo buildings and communities in Toronto and North York typically also have top-notch reliable security systems in place. This includes high-tech security cameras throughout the premises, a concierge service to greet and sign in guests to the building, a gatehouse, and well-trained security guards to uphold safety standards and monitor the premises.

MAC Furnished Residences Inc. offers luxurious short- and long-term property rentals in Toronto and the GTA. If you’re looking to make a temporary or permanent move to Toronto and would like to purchase a property, our licensed realtors can also help you when it comes to buying or selling a home or condo through our brokerage MAC Real Estate Services Inc. We can also facilitate a smooth transition through our MAC Relocation Solutions service. To learn more about our services or book your accommodations, please contact us today!

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