Shortage of single homes created a "Gay" hybrid of "Condo House"

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It’s a condo! It’s a house! It’s a condo in a house!

And quite possibly the condo with the smallest condo board ever …

Condo of the Week: $1.3 million for a condo in a house, near Trinity-Bellwoods

Condo of the Week: 170 Markham Street, Unit A

Neighbourhood: Trinity-Bellwoods

Price: $1,279,000The Place: A three-bedroom, three-bathroom condo in Little Italy. The building is split into two units: Unit A faces east onto Markham Street and Unit B faces west over the yard.

Bragging Rights: The vibe is decidedly more house than condo. Because portions of the units overlap one another, the owner felt that registering the building as a condominium corporation was the most practical way to create two distinct spaces for private ownership.

Big Selling Point: Both units have their own (very streamlined) backyards, brand-new garages, and separate entrances off of Markham Street.

Possible Deal Breaker: Maintenance fees have yet to be confirmed, but the realtor estimates they will run around $150, and will cover water, building insurance, and a reserve fund. Also worth knowing: in a two-unit building, the condo board consists of you and your neighbour.

By the Numbers:

• $1,279,000
• $150 in estimated monthly maintenance fees
• 2,200 square feet
• 700-square-foot basement
• 19-foot cathedral ceiling
• 3 storeys
• 3 bedrooms
• 3 bathrooms
• 1 parking space

http://www.torontolife.com

Crisis

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