Don't get all excited. This unit was not a bargain.
I quote your article above…
“In 2021, units sold for $120,000-$140,000. Today they are worth less—a lot less. (Read my next posting to see why.)”
QUESTION…Where can I read the next posting mentioned, please.
QUESTION…Since the special assessment…and repairs made… has the building improved?
Is it in better standing, today, 2025?
Thank you,
I am not sure where on Condo Living I posted a followup article on 4643-4645 Jane St. It seems to be hard to find.
However, two-days after I wrote this article, the CBC posted this news story:
Condo owners in aging building face $14M in repairs. If they can't pay their part, they risk losing homes
Many of the hundreds of owners are seniors who were given 15 days to pay thousands in special assessment fees
https://www.cbc.ca/news/canada/toronto/condominum-toronto-owners-repairs-1.6323195
Today on Realtor.ca, I saw this:
https://www.realtor.ca/map#ZoomLevel=18&Center=43.770334%2C-79.520271&LatitudeMax=43.77181&LongitudeMax=-79.51664&LatitudeMin=43.76886&LongitudeMin=-79.52390&Sort=6-D&PropertyTypeGroupID=1&TransactionTypeId=2&PropertySearchTypeId=0&Currency=CAD&HiddenListingIds=&IncludeHiddenListings=false
Check the maintenance fees; $800 a month.
On Reddit:
https://www.reddit.com/r/TorontoRealEstate/comments/13pa7k2/how_come_apartments_are_220k_on_4673_jane_st_e/
I quote your article above…
“In 2021, units sold for $120,000-$140,000. Today they are worth less—a lot less. (Read my next posting to see why.)”
QUESTION…Where can I read the next posting mentioned, please.
QUESTION…Since the special assessment…and repairs made… has the building improved?
Is it in better standing, today, 2025?
Thank you,
I am not sure where on Condo Living I posted a followup article on 4643-4645 Jane St. It seems to be hard to find.
However, two-days after I wrote this article, the CBC posted this news story:
Condo owners in aging building face $14M in repairs. If they can't pay their part, they risk losing homes
Many of the hundreds of owners are seniors who were given 15 days to pay thousands in special assessment fees
https://www.cbc.ca/news/canada/toronto/condominum-toronto-owners-repairs-1.6323195
Today on Realtor.ca, I saw this:
https://www.realtor.ca/map#ZoomLevel=18&Center=43.770334%2C-79.520271&LatitudeMax=43.77181&LongitudeMax=-79.51664&LatitudeMin=43.76886&LongitudeMin=-79.52390&Sort=6-D&PropertyTypeGroupID=1&TransactionTypeId=2&PropertySearchTypeId=0&Currency=CAD&HiddenListingIds=&IncludeHiddenListings=false
Check the maintenance fees; $800 a month.
On Reddit:
https://www.reddit.com/r/TorontoRealEstate/comments/13pa7k2/how_come_apartments_are_220k_on_4673_jane_st_e/