Whats the official determination for a townhouse vs a townhome? Back in the day I had always thought of a townhouse as a row home type, 1500sf+. When we were in the market about 7 years ago, it seemed like townhomes were a thing, basically a bit bigger than condos at the time with at least 2br, but not uncommon to see a 800-900sf 2br townhome on the ground floor and 500-600sf condos on the 2nd-3rd floors with the newer builds; our old 1br condo was 820sf for reference.
Quote:
Originally Posted by kr4l
My brother paid just over 1mil for his townhouse. I think it’s on heritage mountain. Close to the elementary and secondary school for his kids
|
For those types of townhouses, I think of it as essentially a house with a shared wall and community coordinated services that your strata fee pays into. 2000+ sf, quite new, high end family oriented neighbourhood, excellent schools. You can't touch that feature set anywhere in Vancouver/Burnaby/Richmond without spending at least another 500-750k if not more. So the tradeoff is you live in a 'townhouse' and pay a monthly strata fee. No brainer for younger-ish families especially if work is in the area, IMO of course. With how Vancouver proper has evolved, I'd take living in this townhouse on Heritage Mountain over an East Van special any day of the week 365 days a year (and I grew up in an East Van special)
Quote:
Originally Posted by Hondaracer
When I hear “I bought a townhouse because I don’t want a tenant”
To me that means, instead of being able to hand pick potentially 1 neighbor. Your rolling the dice on two or more you have absolutely no control over.
|
If you own a detached with a suite, you still have your adjoining neighbours plus their own tenants to worry about. Having to deal with tenants is work in and of itself, even the good ones. You get a bad one...
I think its also about not having to rely on your rental suite to make mortgage payments. So you don't own a detached property, but deal with less hassle and have more flexibility with the money you presumably saved