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Lofts vs. Condo Apartments: Making a Better Choice in Toronto
While most people looking for homes in Toronto know the difference between a condo and a house, many do not understand the differences between Toronto lofts and condo apartments. The two appear similar at first glance, but they offer very different experiences and benefits to homeowners. While there are both many condo apartments and lofts for sale in Toronto, knowing which one suits your needs will help you find the perfect home.
Difference between a Condo Apartment and a Loft
Condo apartments and lofts are both residential units that are available for sale and rent. Condo apartments are typically units within a larger condominium building. Condo buildings will typically be more upscale variants of apartment buildings. When a buyer purchases a unit, they own that space, while the hallways, elevators, and amenities are shared by all owners. Condo apartment units range from smaller bachelors to luxurious penthouse suites.
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