Leaving and staying: Where downsizers can move out of the house but not their beloved neighbourhood

TeaGarden's roof garden: For downsizers, this means no more mowing the lawn or raking leaves. Plus, better views.


Driving east on the Gardiner towards downtown, there’s a point where the road rises slightly to the northeast, just where it splits off towards Lakeshore Boulevard. As you crest the hill, a wide phalanx of identical condos rises in front of you, which — for those with an eye to the artistic in everyday life — has a Cubist, futuristic look that’s quite arresting.

Now, it’s true that the thousands of people who live in those condos must have a thriving community based on their shared surroundings and lifestyle, but it’s also true that not everyone wants to live that way. There’s another group of buyers who would prefer to live in the same surroundings where they grew up and raised their families, and to enjoy the practical benefits that condo life offers without giving up what they see as the comforts of home. And that’s translated into a growing demand for buildings in the heart of some of the city’s oldest and most established neighbourhoods.

Usually, these developments are quite different from the high-rise towers that are increasingly populating the core; they’re generally smaller and lower, offer larger units that feature traditional, home-like designs, and incorporate outdoor spaces such as expanded terraces that emulate a garden or deck. But most important, they’re situated in areas that allow residents to enjoy the parks, tree-lined avenues and sidewalks of their own neighbourhoods, a perk that downtown buildings, however attractive, can’t offer.

For the rest of the article please visit: http://news.nationalpost.com/homes/leaving-and-staying-where-downsizers-can-move-out-of-the-house-but-not-their-beloved-neighbourhood


Source: National Post, 05/08/2015

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Sharon Chung

Sharon Chung

CENTURY 21 Atria Realty Inc., Brokerage*
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