TORONTO
TOWN HOMES
Toronto has recently seen many townhomes enter the housing market at a rapid pace. Townhomes offer a more appealing option for larger families or couples looking to grow. Surprisingly, with the advancement of construction materials, builders are now able to produce quality townhomes with sizes that can easily reach over 1000 sqft. What’s more interesting is the entry price, what could cost almost double in a high-rise condominium a developer can easily replicate a similar unit with equal or more square footage at just over half the price.
The Luxury and Modern Toronto townhome sector is also strong, buyers can easily enter high quality established neighbourhoods like Forest Hill and Leslieville while only paying a fraction of the price of a home in the area.
List of New Toronto Townhomes 2023
Toronto Townhomes - Construction Status
Toronto Townhomes Construction Status
- 3686 St Clair – Under Construction
- Savile On the Roe – Under Construction
- AYC Towns – Under Construction
- Piano Towns – Under Construction
- The Loop Towns – Under Construction
- Evergreen Towns – Complete
- The Vince Modern Towns – Complete
- Lower JCT Towns – Complete
- Bespoke Towns – Complete
- 35 Wabash Towns – Complete
PROMOTED
Mila Towns from $1.3M and Singles From 1.6M
Located at Midland and Lawrence MILA is a newly released development by Madison.
Featured Neighbourhoods in Toronto
Need more space? Parking? Growing family and can’t let go of the City? Toronto has the best places to live.
Forest Hill
Easy Access to downtown core, perfect transit and schools, one of the most prestigious neighbourhoods in Toronto.
Leslieville
The most desired neighbourhood on the east side, restaurants, Parks, and transit all available locally.
Featured Toronto Townhomes
With so many different townhomes and neighbourhoods to choose from, you’ll have plenty of options when it’s time to narrow down your selection for new Toronto homes.
Search New Toronto Townhomes & Lofts on Yonge, Bay, Bloor, King, Adelaide & Lakeshore.
Toronto Townhouse Demand
Another reason to consider purchasing a townhouse stems from the fact that they are becoming more and more rare. Of the Toronto housing stock, just about 40% consists of single-family homes while 30% belongs to condo high-rises. Approximately 10% of the remaining stock consists of townhomes. With less inventory available, the demand remains strong, making townhouses a more infrequent but valuable find.
In Toronto, space utilization is at an all-time high as developers are building vertically whenever and wherever possible. Townhouses are a more spacious investment and the perfect stepping-stone for people who have outgrown their tiny condos but simply can’t afford to move up to a single detached home.
Investing in a Toronto Townhome
Toronto townhouse prices vary and in comparison to condo prices are often much more reasonable when you evaluate the entire offer. In terms of value, you may find purchasing instead of renting is a viable option and may find yourself surprised at how high your ROI for a townhouse is.
The increased price value of Toronto townhomes have kept pace with the rise experienced by single family homes. Fortunately it’s expected that townhomes will see healthy annual increases in the upcoming future and will remain an asset class that is highly profitable.
List of Townhome styles
Townhomes come in a wide-range of styles from stacked, back to back, 4-storey town manors and loft houses, there are countless designs that you will find. However, there are two main categories that have key differences are “freehold” and “condominium”.
Freehold towns are structures that the owner is responsible entirely to maintain, condos (parcel of tied land) on the other hand are managed properties that are subject to a monthly maintenance fee. The fee is often based on the interior square footage or a flat fee which covers building and landscaping maintenance, amenities and utilities if any.
Lanehouses and Stacked Townhomes are a popular and more affordable option in Toronto. These types of properties are a hybrid of a condo and a single family dwelling. Residents have the advantage of having a house-like layout with two floors but structured like a condominium with a more cost effective option than a house.
Stacked Townhouses
A four-storey condo split in the middle (2 floors stacked on top of each unit) made of prefabricated materials partly wood and concrete.
Pros: Cost effective, you will get an amazing location, you will get more square footage than a condo and a larger outdoor space. These normally come with 1 underground parking space.
Cons: There are a lot of Stairs to climb in stacked townhomes, if you live on an upper level it could be difficult for some. Noise had a negative effect on stacked townhomes in the earlier designs, homeowners mentioned foot traffic noise coming from the stair cases from both sides. While some noise level is normal, through the years advancements in construction and sound-proofing the noise has lessened over the years.
3-Storey Townhouses
Similar to a normal 2-storey, these homes tend to be narrower in the length than width. These types of town home tend to be freehold. There really is no standard layout, your kitchens could be on the first or the second floor, some bedrooms can resemble regular home set ups and some townhomes even utilize the roof or attic space.
Pros: Large Square footages, resembles private home living, many come with basements, rec/media rooms, private built in garages and front/back yards.
Cons: Less affordable , since these are more conventional and are normally freehold they offer more premium living and have seen prices close to $1,000,000 to $25,000,000.
Condo Townhouses
Condos Townhomes in summary are 2-3 storey townhomes built-in the ground floors of a condo building, they would be the same experience as a condo but on the lowest level.
Pros: A variety of condo amenities, security and situated in a more desirable location. Condo Townhomes experience some great development around them since most projects are zoned for high-rise or commercial.
Cons: Maintenance fees would be the same or a similar arrangement as a conventional condo ($ per square foot) which could be pricey over time when the condominium needs updating.
List of All Toronto Neighbourhoods
See What’s trending Now in Toronto’s Top Neighbourhoods for Condos.