Can some please provide information? What are the monthly expensive for town house (2BR+1 Bath)? Like electric bill, Hydro or Gas, and maintenance etc…in Mississauga area. Is there any web site which provides that information?

I am planning to buy a home (first time) and trying to compare it if better to buy Condo apartment (multi story), Condo with two or three floor or town house.

Thanks

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"First they ignore you, then they laugh at you, then they fight you, then you win" - Mahatma Gandhi

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Originally posted by parth1970

Can some please provide information? What are the monthly expensive for town house (2BR+1 Bath)? Like electric bill, Hydro or Gas, and maintenance etc…in Mississauga area. Is there any web site which provides that information?

I am planning to buy a home (first time) and trying to compare it if better to buy Condo apartment (multi story), Condo with two or three floor or town house.

Thanks

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Pramod Chopra
Senior Mortgage Consultant
Mortgage Alliance Company of Canada

Thank you

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"First they ignore you, then they laugh at you, then they fight you, then you win" - Mahatma Gandhi

Just to add to what Pramodji said, the maintenance fees for decent condos in Mississauga is quite high. While the older Condos include most utilities in their maintenance fees, in the newer ones your are responsibel to foot your own Hydro bills. In one way this is a better arrangement as it leads to conservation and wise utilization of a precious resource.

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Rajeev Narula, Broker, REALTOR®
ACE TEAM REALTY INC., Brokerage
10 Kingsbridge Garden Circle, Suite 704
(Opp Square One - HWY10/403)
Mississauga, ON L5R 3K6
Bus: 1-888-355-3155 Ext. 300
Fax: 1-888-443-3155
Email:
Web: http://www.RAJEEV.ca" rel="nofollow">LINK

Let me understand this correct, the property in question is Condo townhouse and not Condo apartment.

The condo fees in an avg. townhouse can range between $90-250 pm. Higher condo fees are seen in hi-rise condo apt bldgs. The condo fees in the latter case includes-heat, hydro (not in all the newer bldgs.), water, common elements, bldg. insurance etc.

Townhouses condo fee normally covers the common elements and bldg. insurance. and that's why it is lesser than apartments.

One should be cautious though when judging condominiums on the basis of condo fees alone. There are many other things that are important and advise of some professional Realtor and lawyer is beneficial-some things one might like to know about the condominium corporation can be-amount reserve fund, is this amount adequate to cover future repairs, what is covered in the condo fee, who replaces roof, windows, external structure, who maintains lawn, garage door, furnance etc.

I know of some good condominum corporations that will even replace the furnance, once the same stops functioning.

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Amit Kalia, Broker, REALTOR®
RE/MAX Real Estate Centre., Brokerage
independently owned & operated
100 City Centre Dr, Unit 1-702
Mississauga, ON L5B 2C9
Phone No.: 905-339-5111
Website: https://www.realestate-ontario.com/
Condo Blog: https://condopundit.com/blog/

Making this post a sticky on Alexm's suggestion. Request to members to please continue posting questions regarding condo and townhome fees in this one.

Parth, I've edited the title a bit.

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Are you there?

My wife & I own four Condos for us and our children, and the fees for each one dependes on what you receive in services and the age of the properties.

1) Lawrence / Don Valley condo size 1020 sq ft fees: $160/monthly

services provided: outside main., water supply and Liab. ins.

2) Warden/finch 4 bedroom townhouse 1400 sq foot fees: 268/monthly
services; outside maintanance, water supply & liability ins.

3) 33 Harbour front size: 520 sq ft condo fees: $249/monthly
services: all of the above + gym, sauna, swimming pool, library, security, meeting room, sports bar & Rest (subsidised), unlimited guest parking, shuttle bus to and from work in the areas of Downtown and China town (west to bathurst and east to Donvalley)

4) 99 Harbour Front Size: 1000sq ft condo fees: $508/monthly
Services: same as item#3

Salim J Kanji BA AMP
CIBC Mortgages Inc./HLC Mortgages Inc.
1 800 265 2694

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S. kanji
I may not agree with your opinions, but I will fight to death for you be able to air your views.