A stacked townhouse condo is a type of housing unit that has multiple levels and shares one or more walls with neighboring units. Unlike traditional townhouses, stacked townhouses are built vertically, with one unit on top of another, and often have a smaller footprint. Most stacked townhouse units will be part of a condominium corporation that has a condo management company. Stacked townhouses are becoming popular in Toronto and the surrounding areas such as Mississauga, Brampton, Scarborough, Ajax, Pickering, Oshawa. Kitchener, Cambridge, Waterloo and London.
Stronghold Management is the professional condo management company for stacked townhouse condo in Toronto and the greater Toronto Area. When purchasing a stacked townhouse that is part of a condo corporation, there are several things to consider:
1. Condo fees
As with any condo, stacked townhouses are part of a condo corporation, and owners are responsible for paying monthly condo fees. You will likely have a professional condo management company overseeing the property. These fees cover shared expenses such as maintenance of common areas and building insurance. It’s important to understand what is included in the condo fees and how they are calculated before making a purchase.
2. Maintenance responsibilities
Stacked townhouses are part of a shared building, and as such, owners are responsible for maintaining both the interior of their unit and any common areas shared with other owners. The condo management company will be responsible for collecting maintenance fess from all condo owners. It’s important to understand what maintenance responsibilities fall under the condo corporation and what responsibilities fall under the individual unit owner. A property manager can help guide you through you condo corporation declarations.
3. Parking
Many stacked townhouses come with assigned parking spaces, but it’s important to understand the specifics of the parking arrangement before making a purchase. Some complexes have underground parking, while others have outdoor parking. Some may have additional parking available for visitors or second vehicles, while others may have limited parking spaces. Condo property management companies will also be responsible for managing the parking situation in a condo corporation.
4. Amenities
Many stacked townhouse complexes come with amenities such as a gym, pool, or community center. It’s important to understand what amenities are included in the condo fees and what amenities are available for additional fees. Good condo management companies will be proactive in managing this amenities so that they stay up to date overtime.
5. Location
Like any real estate purchase, location is an important factor to consider. When purchasing a stacked townhouse, it’s important to consider the neighborhood, proximity to amenities, and transportation options. Stronghold Management group has a portfolio of many stacked townhouses across Toronto and the GTA.
In conclusion, stacked townhouse condominiums offer a unique housing option, that comes with many benefits having a professional condo management company. When purchasing a stacked townhouse, it’s important to consider condo fees, maintenance responsibilities, parking, amenities, and location. By doing your due diligence, you can ensure a smooth and enjoyable homeownership experience in your stacked townhouse.
Questions about condo property management in Toronto and the surrounding areas such as Mississauga, Brampton, Scarborough, Ajax, Pickering, Vaughan, Richmondhill, Newmarket, Aurora, Oshawa. Kitchener, Cambridge, Waterloo and London click here
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