Edmonton Condos
Who says owning a Edmonton condo means living in a shoebox? Certainly the trend we have seen over the past few of years with new condos, both in the downtown area and the outer edges of the city, has been a shift towards shrinking square footages.
Although the majority of condos that are over 1000 sqft are priced between 300,000-400,000, there are usually some affordable options under $300,000, in buildings with great locations such as Hillside Estates, and the Capital Centre.
Then there are smaller buildings where listings come up for sale less frequently. Properties such as these may need some updating due to their age but if they are well managed, they are solid investments, and comfortable to live in. There are also a growing number of lofts and condos being developed downtown from former commercial or industrial style buildings. These Edmonton condominiums and lofts typically not only have generous floor space but also feature 10 foot or higher ceilings.
With such a significant difference between the asking price of older and new condos; are there opportunities to purchase an older condo in Edmonton for a lower price? Could some of the money saved be spent on renovating your condo to your personal style?
