Maintenance fees are the fees that condo owners must pay to cover the costs of running the building. So, if you’re considering buying a condo in Etobicoke, make sure to factor in the maintenance fees when making your decision. This includes things like cleaning regularly, making sure that all appliances are in working order, and reporting any maintenance issues to the condo board. . Finally, it’s important to remember that maintenance fees are an important part of condo ownership. For example, some condo boards offer discounts for seniors or for those who pay their fees on time. Maintenance fees can vary greatly depending on the size of the condo, the amenities offered, and the age of the building. They help to keep the building in good condition and ensure that all residents are able to enjoy a safe and comfortable living environment. One of the main drawbacks of owning a condo is the maintenance fees.
Do not let high maintenance fees discourage you. Older Condo complexes are generally higher ie Barclay Terrace, Kingsway on the Park (1,2 Aberfoyle Cres) The Masters. Be sure to check what these larger unit buildings offer compared to newer Complexes like South Beach on 88-90 Park Lawn Rd where whats utilities are included is not the same therefore what the utilities that arent need to be figured in.Posted by Kathy Gordon on