Community, convenience among things that make a particular condo desirable.
Buyers go shopping for condo perks that are a cut above the rest, like this outdoor rooftop movie lounge at the 1 Yorkville condos.
Why are some condos cooler than others, and what draws people to want to live in them? Here we examine some factors that distinguish the fab from the drab.
It’s no secret that certain neighbourhoods are more desirable than others. And in Toronto, whole new condo villages have sprung up as a result of density and zoning. Think Liberty Village, the West Don Lands and Humber Bay Shores.
There’s also a rise of infill projects in post-industrial neighbourhoods like Dupont and Landsdowne and Sorauren Park. Downtrodden areas are going upscale.
Think of The Junction 15 years ago, and look at it now — it’s the epitome of urban transformation, done in a way that retains the area’s unique charm and quirkiness.
Many people, especially young families, gravitate towards buildings that offer open, family-friendly green spaces, community events, daycare and nearby schools. As well as a sense of belonging, a condo with a community atmosphere feels more like home.
Large, master-planned communities combine residential, commercial and retail uses over a large swath of land. These multi-phased projects offer residents ultra-modern, condo convenience with a myriad of transit and pedestrian-friendly services and lifestyles under-one-roof, like the three‐billion-dollar Downtown Markham project that represents the largest planned, mixed-use development in Canada.
Buyers look for condo perks that are a cut above the rest. Although a building’s amenities may not make or break a condo sale, per se, discerning purchasers will have in mind a list of must-have accoutrements.
Certain architects and designers seem to have rock star status. They’re well-known brands, and their name on a project automatically increases its value and desirability.
People want bragging rights of living in an iconic home. Condo purchasers are attracted to buildings that offer a blend of form and function, like Absolute World in Mississauga, dubbed the Marilyn Monroe Tower for its curvaceous profile.
A thoughtfully designed condo should complement its surroundings. It should be unassuming and respectful towards its neighbourhood. Toronto’s RAW design studio is noted for their unique cubist midrise architecture, like Howard Park, Cabin and Totem. Their condos are in demand because they enrich the character of established neighbourhoods.
In today’s climate of skyrocketing condo prices, many people are just looking for a deal. They are prepared to forgo the fancy upgrades, premium finishes, even costly building amenities, in exchange for a lower sticker price and more manageable maintenance fees.
Written by: Duncan McAllister