Townhome

“Townhome” is defined as a residential structure that is attached or semi-detached to its neighbour(s), all with identical fronts. The townhome, also called a row house, was a style of architecture that first appeared in Europe in the late 1600s, becoming popular in many other countries in the world. They are normally two-storey. Several Toronto properties for sale are also designed in this way.

Amongst Toronto properties for sale, there are several townhomes that were built both recently and in days gone by. Many of the older ones are designed in a Victorian-style. However, while the definition of the term includes a type of building, it has changed in recent years to include something more. Nowadays, a townhome can refer to more than its architectural design; it also embodies a style of ownership.

Townhome Ownership

Ownership of a freehold townhome that is listed in Toronto properties for sale means that the townhome as well as the land on which it is built are both owned outright. There are no common areas that have shared ownership with other members of the community.

Ownership of a townhome condominium extends to everything within the unit only. However, the ownership of common areas, such as the grounds and any facilities serving the designated townhome condominium community, is shared. Not only are maintenance fees typically paid on a monthly basis towards the upkeep of these shared areas, owners can also determine how they are maintained and used in joint committees. There are also some guidelines that may govern residents.

Townhomes in Toronto

There has been a boom in the number of townhome developments springing up over the past few years. From the northern most suburbs to the scenic waterfront along Lake Ontario, new townhomes amongst the Toronto properties for sale dot the city. Offering the convenience of condominium living at street level, with the privacy of a house, properties may range anywhere from extremely affordable to astronomical. Normally, location, size, and the type of community amenities will determine the price.