Condos

A condominium (or condo) is a form of property ownership where each owner holds title to their individual unit plus an undivided interest to the common areas within the building. 


Some pros and cons of purchasing a condominium:

Pros:

• Condominiums are generally less expensive than detached homes.
• You may be able to purchase and live in a more expensive neighborhood.
• Convenience lifestyle-Condominiums usually have amenities like swimming pools, fitness centers, Jacuzzis, saunas, etc. that are often attached to the building and are included in the monthly maintenance fees.
• Condominiums are often located by grocery stores and supermarkets.


Cons:

• Less privacy and often noise from the unit above or below you
• You are required to pay monthly maintenance fees and these fees can increase as maintenance and repair costs go up. Increases and decreases of maintenance fees are determined by the strata corporation (which is made up of all the owners within the complex).
• There may be limited parking spots for guests.
• Typically, there will be less storage space than in a detached home.
• You will be required to get strata approval for structural changes you wish to change in your home. For example, changing your floors, taking down walls or partitions, etc.

The pros and cons will vary depending on your situation and the condo you are looking at. Doing careful research and working with the right REALTOR® can help to ensure that you make the best decision for you.

Vancouver Condos

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Main Photo: 1111 68 SMITHE Street in Vancouver: Yaletown Condo for sale in "One Pacific" (Vancouver West)  : MLS(r) # R2124772
$918,000
Residential Attached
Status:
Active
MLS® Num:
R2124772
Bedrooms:
2
Bathrooms:
2
Floor Area:
Switch units of measure816 sq. ft.
Luxurious building in Yaletown by Concord features top of the line amenities heated outdoor pool with Cantilever glass, hot-tub, poolside fire-pit & Cabanas, sauna & steam room, lounge with catering kitchen, tasting bar, grand dining hall & games area, sky garden... More details
Listed by RE/MAX Masters Realty
Main Photo: 510 1808 W 1ST Avenue in Vancouver: Kitsilano Condo for sale in "FIRST ON FIRST" (Vancouver West)  : MLS(r) # R2107269
$910,000
Residential Attached
Status:
Active
MLS® Num:
R2107269
Bedrooms:
2
Bathrooms:
2
Floor Area:
Switch units of measure880 sq. ft.
Kitsilano. FIRST ON FIRST. A unique modern CONCRETE building across from Seaforth Park and walking distance to Kits Beach, Granville Island & Downtown. South facing TWO BEDROOM + FLEX SPACE/DEN with 880 sq. ft. High ceilings with an open kitchen & Italian designer... More details
Listed by RE/MAX Crest Realty Westside
Main Photo: 2601 2077 ROSSER Avenue in Burnaby: Brentwood Park Condo for sale in "VANTAGE" (Burnaby North)  : MLS(r) # R2114082
$908,000
Residential Attached
Status:
Active
MLS® Num:
R2114082
Bedrooms:
2
Bathrooms:
2
Floor Area:
Switch units of measure1,104 sq. ft.
INVESTOR ALERT***VANTAGE by BOSA! 2 bedrooms 2 bathrooms with bonus North-East facing balcony. Stunning contemporary glass & Concrete high rise located in the heart of Brentwood community, minutes away to shopping, restaurants, skytrain stations. Perfect location for... More details
Listed by Royal Pacific Realty Corp.
Main Photo: 105 5687 GRAY Avenue in Vancouver: University VW Condo for sale in "POLYGON ETON HOMES LTD" (Vancouver West)  : MLS(r) # R2119520
$908,000
Residential Attached
Status:
Active
MLS® Num:
R2119520
Bedrooms:
2
Bathrooms:
2
Floor Area:
Switch units of measure872 sq. ft.
Eton by Polygon – a prestigious parkside tower at UBC’s Wesbrook Village. Designed by renowned architect Walter Francl, this community features dramatic landscaping and an impressive water feature. This 2-bed, 2-bath South-facing home boasts A/C, Bosch appliances, a... More details
Listed by Polygon Realty Limited
Main Photo: 1606 210 SALTER Street in New Westminster: Queensborough Condo for sale in "THE PENINSULA IN PORT ROYAL" : MLS(r) # R2111483
$901,900
Residential Attached
Status:
Active
MLS® Num:
R2111483
Bedrooms:
2
Bathrooms:
2
Floor Area:
Switch units of measure1,206 sq. ft.
The Peninsula is the crown jewel of Port Royal, a 52-acre master plan community decades in the making. Placed on the point where the Fraser River parts, the 22 storey tower is shaped and bordered by water on three sides. Our townhomes and condominiums are one of the... More details
Listed by MAC Marketing Solutions Inc.
Listing information last updated on December 4, 2016