Pamela Vasiliu
Sales Representative
pvasiliu@remax.net

RE/MAX Professionals Inc.
Brokerage
Independently owned and operated.

Date: Tuesday November the 21st, 2017 
416-236-1241

 

   

Small Space - Is it The Way To Go?

August 23, 2014 - Updated: August 23, 2014
With the boom of downtown condo development and limited space, Buyers are becoming accustomed to living in a smaller foot print. Is ‘compact’ housing gravitating to other housing stock?
 
Forget the micro condo, today’s new buzzword in housing is compact townhouses. That is the view of many developers as they launch new “fun” but smaller housing stocks in specific markets.
 
Developer Sean Mason said they are trying to do something differently with compact townhouse units and that the market is ready for this offering. 
Sean Mason Homes has asked for a rezoning to multiple residential, with special provisions for townhouse use.
 
The provisions include permitting tandem parking within a garage, increasing the maximum density, height and gross floor area. There would be reductions required in front yard setbacks, driveway length and the internal roadway width.
 
The planned floor area for each unit is 1,110 square feet to 1,475 sq. ft.
 
Referring to the units as simple and fun, he says they are suited to smaller families.
 
Micro-condos have become a common housing type in downtown cores, averaging at 300 sq. ft. According to research firm Urbanation, new condos in Toronto had an average price of $539 per square foot in the second quarter of 2013.

Tagged with: junction triangle real estate homes symington avenue campbell avenue homes junction west real estate
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