603-120 homewood ave.

my client has purchased this condo

• 1+1 bedrooms/1 bathroom
• 673 sqft
• Juliet balcony
• Rooftop pool

It’s incredible how unaffordable Toronto has become. Condos in the central core start at around $600,000, and it takes quite a bit for a first-time buyer to save up enough for the down payment and afford the monthly carrying costs with current interest rates. While people in freehold properties can look to short-term rental platforms such as Airbnb to help offset the carrying costs of their primary residences, there are only a handful of condo buildings in Toronto whose boards permit this. The Verve in between the Village and Cabbagetown neighbourhoods is one of those rare buildings that allow residents to have that flexility, and this elusive unicorn was just what my savvy client was looking for. When she’s away so often for work, why not have someone help pay the mortgage? Why pay for a night’s stay when you can’t be there?

I am so proud of my client for snagging this modern 1+1 bed, 1 bath with terrific storage and an open kitchen in a solid Tridel building. The path to home ownership may seem daunting, especially with higher interest rates, so it’s time to get creative!