Should You Buy A Condo?

Not too long ago, the very idea of living in suburbia would have produced gales of laughter from the city's young urban professionals. Oshawa was an industrial district - a former town full of factories and warehouses and worker housing. But yesterday's worker houses and factories are today's upscale remodeled town houses and posh loft conversions. In fact, some neighbourhoods in the city boast average incomes of over $100,000 per year. If you're looking for a condo in the Toronto area and you want downtown convenience without paying downtown prices, Oshawa could be a good compromise.

One of the attractions of the Oshawa area for condo shoppers is that it has one of the lowest population densities in the city thanks to the fact that many of its industrial structures were remodeled instead of torn down, so the living spaces are built out rather than up. Oshawa also has a lot of parkland, golf courses, and gardens to enjoy as well as numerous restaurants and boutiques. The southern section of Oshawa provides convenient access to many types of public transit, making it easy for commuters to come and go. There is a GO Train station in south Oshawa as well as stops on the Toronto subway system. The area is also served by a number of bus routes, but many people who live there own cars, as the freeways make it easy to get around.

Housing in Oshawa is varied. There are some neighbourhoods that offer single family detached homes in a quiet, suburb style setting while the central areas tend to be more converted condos and row houses and are thought of as 'middle class.' Some of the inner ring suburbs are a bit run down and consist mainly of large apartment complexes, but in southern Oshawa there are some modern high rise condo towers. Condos for sale in Oshawa carry an average price of $370,000 to $380,000 for a standard two bedroom and a luxury unit will cost you closer to $510,000. A townhouse averages out at $455,000 while a house costs $480,000 to $600,000.


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