Townhouses are a great option for many buyers as they are similar (on the inside) to detached homes, but are more affordable due to the fact that they
have 1 or 2 shared exterior walls which makes them more affordable to build.
There are 2 types of townhouses. Freehold Townhouses and Condo Townhouses. With a freehold townhouse you own everything including the land it sits on, as well as
all the exterior components like the windows and roof. You are responsible for the maintenance of the entire home and property.
With a condo townhouse, the condo corporation owns the land on which the townhouse is situated and also owns some exterior components of the townhouse
such as the windows and roof (this will vary slightly from one condo corporation to another).
If you buy a condo townhouse you are required to pay a monthly maintenance fee to the condo corporation and the condo corporation is responsible for maintaining the
land as well as replacing exterior components such as the roof and windows when it comes time to replace those items.
Freehold townhouses and condo townhouses both have pros and cons. Determining which one is right for you will depend on your personal preferences!
If you're interested in buying a townhouse, complete the form below and we'll send you a free list of the best available townhouses for sale in your area!
Ultramax Realty Inc. is a premium quality, full service real estate brokerage in Ontario Canada. We provide Buyers and Sellers with the industry's highest level of service. We have extensive real estate knowledge and exceptional marketing. Ensure your transaction goes as smoothly as possible, contact us now for a free consultation: 1-888-582-0282
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