Depending on who you ask, tiny condos are either the future of urbanism or a total scam by developers. Either way, there are a lot of them for sale, including these four units in the downtown core.
Asking price: $299,900 (maintenance fees $217.72)
The draw: Dubbed “The Charlie,” this building has a fair bit of shared hangout space, including an outdoor rooftop pool and lounge area. Tenants also get a tiny personal patio and, of course, immediate access to all the nightlife buzz at King and Spadina.
The catch: The primer-white walls and standard mid-aughts condo finishes (dark cabinets, faux granite countertops) are boring. But how much time and money should you spend fixing up a place that you might grow out of any second, anyway?
8 Charlotte St., Unit 307
Asking price: $248,888 (maintenance fees $241.63)
The draw: A bed nook and high-end, upgraded kitchen appliances help turn the small space into a livable apartment. It’s bright, too, with a swank bathroom and surprisingly decent closet space.
The catch: In the winter, the neighbourhood is a wind tunnel; in the summer, it’s swarmed with tourists. Meanwhile, there isn’t anywhere close by to buy groceries—or have a decent pint.
Tip: It’s been on the market for weeks. Negotiate.
38 Dan Leckie Way, Unit 706
ST. LAWRENCE MARKET
Asking price: $279,900 (last sold for $209,205 in 2011)
The draw: It’s fresh, clean, and has never been lived in. There’s also a clever built-in microwave and other space-saving tricks. Big windows make it seem (slightly) bigger than 485 square feet, and market-fresh food is minutes away.
The catch: There is no parking spot, nor a locker, nor a private patio—what you see is what you get. Lots of sellers are trying to unload pre-construction units in the building, and competition will probably be fierce when you want to sell as well.
3 Market St., Unit 414
Asking price: $279,000 (last sold for $265,000 in 2010)
The draw: For those who want to live right downtown, this 469-square-foot unit is across the street from the Eaton Centre and minutes from Ryerson University, but has a view of the relatively calm east end. A parking spot is included.
The catch: Hotel services come with hotel-sized maintenance fees, almost twice what you’d pay for a similarly sized unit in other buildings. The kitchen cabinets and stove are a bit dated.
210 Victoria St., Unit 2402