New townhomes coming soon on Mississauga Road south of Eglinton (Orchard Park Townhomes). I will update you as soon as more information is availabe about this new subdivision.
MississaugaTownhouses.com brings you all the information you need to have a clear market view of Mississauga Townhouses.
Mississauga Townhouses prices have been on the rise for the last 12 months and it's distant to go up further.
Indications are numerous for this argument.
Take for example a new condo buildings where 1 bedroom suite with a size of approximately 650 square feet selling for $300,000 carrying maintenance cost of approximately $600.
On the other hand a detached house with a size of 2400 sft sells for about $600,000, in many parts of Mississauga.
This leaves families looking to avoid condo high-rise lifestyle and interested in living in a house with one option only and that is to buy a townhouse.
When comparing condo apartment prices and detached or semi-detached house prices, buying a townhouse is still the best alternative.
Townhouses or Townhomes are generally divided into two categories:
- Condo Townhouses
- Freehold Townhouse
Parking
Roof
Windows
Landscaping
Water
Building insurance
Other... as specified. List may vary.
Freehold Townhouse is completely owned by you. What makes this a townhouse is that the building is attached in a way to the next house.
You are responsible for maintaining the house, driveway, land and everything else. Prices for freehold townhouses are slightly higher than condo townhouses.
Although some buyers don't like the idea of paying a condo fee if the townhouse is a condominium, but at times this work out in favor of the owners.
A small monthly condo fee covers for building insurance (approx about $60 per month) as well as roof repair, windows, common area, parking, windows and water.
For as long as the condo fee is not drastically high, adding up costs involved can add up to more than condo fees.
There are many pockets of townhouses both freehold townhouses and condominium townhouses are available in Mississauga.
Check the link for a list of Mississauga Townhouses for sale.
If you are a first time home buyer you can qualify for a land transfer tax rebate by the province of Ontario.
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