When it comes to condos there are many things that are going to determine the price. Location and the amount of amenities that you're being offered within the complex are definitely on the list. And you can be sure that you're going to pay quite a bit more for those downtown condos with a higher square footage. One thing that may surprise you when it comes to raising the value is the view that you get from the unit. This is why condos that are on the higher levels of condos are usually slightly more costly than their lower counterparts.
Those looking for a view in Toronto are generally going to get one of two things - a view of the city or a view of Lake Ontario. Both are desirable for people for different reasons. If you're interested in having a great view of the downtown core, with everything from the high rises on Bay Street to the hospitals that do surgeries, than you're likely someone who loves life in the city and can't imagine living anywhere else. You are excited at having a beautiful picture of the skyline with all of its lights and colors.
Waterview image supplied by Fresh Home and Garden
People who gravitate more towards a view of the water are usually those that see their home as more of an escape from the city, rather than a direct part of it. While you might still want to live at the centre of it all and have easy access to your team building Toronto meetings and all of the best restaurants and attractions, you like to feel more relaxed when you walk into your own front door. The condos with the best water views right downtown are some of the priciest in the city. But, that doesn't mean that you have to be a top exec for a company to afford one. Moving a little outside of downtown could offer you an even better view for a fraction of the price.
When you're looking at condos with a view you need to consider how much you're willing to pay for that one feature. Someone who imagines themselves coming home most days in the summer from working in tax services Toronto based to relax on the balcony with a book and a glass of wine might be more willing to pay for a view. But if you're not really going to take the time to enjoy it on a regular basis than you might want to consider sticking with a condo with some other amenities that are better suited for you and your personal tastes and needs.