Nearly 48% of Canadians aged 25-35 currently own their own home, and 1/4 of these millennials purchased during the Coronavirus Pandemic. With the help of low interest rates and the competition in the condo market softening, many took a chance to act quickly and get themselves in the market. The market can be daunting but there are plenty of listings that make the perfect condos for first time home buyers!
90% of all millionaires earn their wealth through owning real estate – Andrew Carnegie
90% of all millennials want to become homeowners – James Milonas
If you’ve been thinking about becoming breaking your property virginity we’ve got the list for you.
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Here are our Top 6 Condos for First Time Home Buyers!
1 Neighbourhood Lane #502
$555,000
This is the one you’ve been waiting for! No offer date. No bidding wars! Just a 1 bed + den with parking priced where it should be! Located between the lake and Old Mill, this condo is only a few minutes drive from all of your favourite amenities! The den is currently set up as a built in bar which makes for an amazing virtual backdrop for those work from home moments!
For more information and photos click HERE
75 Dalhousie Street #1010
$550,000
If you’re a recent Ryerson grad, this condo may be for you! Located just a short walk from RyU, suite 1010 is East facing with an unobstructed view and gives you the true grit of downtown living! While this unit does not come with parking, you are situated right between two major street car lines and a 5 minute walk to the Yonge Subway!
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For more information and photos click HERE
38 Elm Street #510
$525,000
You know the old saying Location Location Location, well here you have a 10/10 location! This unit is located just minutes from the hospital district, so a perfect spot for all you residents! While suite 510 may need some help coming into 2021, there is something to be said about sweat equity. Roll up your sleeves and get your hands dirty! At 608 square feet, this is a large 1 bedroom condo with your maintenance fees being all inclusive!
For more information and photos click HERE
170 Sumach Street #506
$559,000
This is not the Regent Park you once knew! This stretch of Dundas East is a thriving mecca for young artists, fashion enthusiasts, new restaurants and businesses as well as bright spacious condos! While you may be on a streetcar line, suite 506 comes WITH parking for only $559,000
For more information and photos click HERE
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30 Gloucester Street #503
$559,000
Older buildings always have more space! Great wide open layouts and they almost always come with parking and a locker! The only real negatives with older buildings are the high maintenance fees, but with all the work they’ve had done they are practically brand new buildings (think of them like Cher).This is a 1 bedroom and den and the +1 is large enough to be used as a second bedroom! If you are a savvy first time buyer, you would rent out the den to a roommate to help offset the cost of the monthly condo fees!
For more information and photos click HERE
54 East Liberty Street #1006
$549,900
Liberty Village is a great stepping stone for most buyers! You probably came to LV in a rental, fell in love with the area and are now ready to upgrade to a purchase! This charming 1 bedroom 1 bathroom condo townhome may very well be exactly what you’re looking for! This unit has so much potential to be the ultimate pad for that deserving first time buyer!
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For more information and photos click HERE
