fencejack
New Member
Hi all,
I am looking to purchase a condo in Toronto sometime this year and I'm debating whether to get a 1 bedroom or a 1 bedroom plus den.
A 1 bedroom is ~$20,000 less than a 1+den and I would also save on monthly fees such property tax, condo fees etc. I guess what I'm getting to is that a 1 bedroom will be much cheaper than a 1 + den (atleast ones with comparable finished etc.). The reason why I would like a 1 + den is: 1) a slightly bigger condo is always great. 2) if i have friends or family that plan to move to Toronto I could rent out the den temporarily for some extra money. 3) I assume the resale of 1+den would be better than a 1 bed (since you can use a den as a second bedroom).
Anyone else been in this situation? Any input is appreciated.
I am looking to purchase a condo in Toronto sometime this year and I'm debating whether to get a 1 bedroom or a 1 bedroom plus den.
A 1 bedroom is ~$20,000 less than a 1+den and I would also save on monthly fees such property tax, condo fees etc. I guess what I'm getting to is that a 1 bedroom will be much cheaper than a 1 + den (atleast ones with comparable finished etc.). The reason why I would like a 1 + den is: 1) a slightly bigger condo is always great. 2) if i have friends or family that plan to move to Toronto I could rent out the den temporarily for some extra money. 3) I assume the resale of 1+den would be better than a 1 bed (since you can use a den as a second bedroom).
Anyone else been in this situation? Any input is appreciated.