Whether you’re a first time buyer, looking to purchase a small entry level dwelling, or a homeowner planning to downsize to a smaller residence, you’ll likely be faced with a very common dilemma — choosing between a freehold or a condominium townhome.
The difference between buying or selling a freehold property and condominium townhouse all has to do with ownership. With a freehold home, you are the owner of the home itself and the plot of land it sits on. A condo townhome differs in the sense that you only own the interior of a unit. The lot a condo townhouse sits on top of is collectively owned by all unit owners.
When it comes to determining what option is best for you it largely depends on personal preference and what you’re looking for in a property.
The Pros of Freehold Real Estate
- You don’t have to pay a monthly maintenance fee if you purchase a freehold home.
- There are no rules and regulations. You are free to maintain the property as you see fit, suited to your budget. You can also build decks, plant gardens, and paint your house without having to get any special permission, like you would with a condo.
If a freehold townhome is just what you are looking for, then take a look at this impressively spacious townhome at 188 Woodbridge Avenue.
Location! Location! Location! This Townhome Is Not Only Full Of Charm, It Is Also Located Just Steps From Market Lane! Excellent Condo Alternative, This Townhouse Is Freehold. Spacious Open Concept, Main Floor Layout. Large Bedrooms With Lots Of Storage Space. Perfect Opportunity To Live In The Historic Area Of Market Lane. Steps To Some Of The Best Restaurants, Shopping & Conveniences That Woodbridge Has To Offer. Not Holding Offers So Don’t Wait!
For more information on this home please visit 188 Woodbridge Avenue or CONTACT US today!
Frances Zuccarini, Broker
Matthew Zuccarini & Diana Quinn*, Sales Representatives
RE/MAX Diamond Realty Inc., Brokerage
Independently owned and operated