![]() ![]() Rather than having dozens of neighbors just down the hall from you, multi-family homes offer a more home-like, private residence feel. Multi-family homes typically have just two to four units. After all, who doesn’t want to feel free in their own home? 3. Yet another benefit to owning a unit in a multi-family home is that you are not subject to the same bureaucracy and restrictions that condo owners face. Guests who come to visit may also have to sign-in and out as if they were visiting someone in prison. These can include but are not limited to smoking, pets, decorations, ability to play instruments, etc.Īdditionally, you may have to fill out forms or get permission in order to upgrade appliances, paint your walls or even to use common amenities. If you have ever lived in a condo, you know that there are long lists of rules which you must abide by. No More Rules, No More Books, No More Dirty Concierge Looks. As you pull your pillow around your head, you wonder how you’re going to pull off your big 8am presentation and you begin to question why you ever thought it was a good idea to live sandwiched between two nightclubs.ĭue to changes in zoning bylaws, multi-unit residential properties are becoming more and more common in quiet Toronto neighborhoods, which were once comprised solely of detached and semi-detached homes.įor people wanting to downsize from detached or semi-detached homes, multi-family homes are a great option as they provide the quiet neighborhood feel that homeowners have come to love.įor first time home buyers who can’t afford a semi-detached or detached home, multi-family homes provide an opportunity to own a home in a quiet Toronto neighborhood, at the fraction of the cost. Suddenly you wake at 2:15am to wailing sirens and rowdy patrons filling the streets post last call. Weeks that once revolved around parties begin to transform as priorities shift to building careers, relationships and families. You leave your front door and you’re surrounded by shops, restaurants and clubs galore.Īs time goes by, many begin to outgrow the exuberant lifestyles, which attracted them to the downtown core in the first place. In your early twenties, the idea of living in a plush downtown Toronto condo, in the heart of the action, is as good as it gets. ![]() ![]() Here are five reasons why a multi-unit residential property might be a great fit for your next home. This type of property is a great option for both first time home buyers as well as people looking to downsize. As such, many first time home buyers shift their search to Toronto’s condo market.Īlthough condos have a range of advantages that make them very well suited for some, there is an often overlooked alternative that carries many of the same benefits of owning a detached or semi-detached home – multi-unit residential properties.Ī multi-unit residential property is sometimes referred to as a duplex, triplex, quadriplex (fourplex) or multi-family home. For many first time home buyers in search of a starter home, a detached or semi-detached home in Toronto is potentially unattainable given the costs. ![]()
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