Choosing the Most Suitable Property for Your Needs.
Types of Rentals in Toronto
2 min read
At the beginning of your rental search, it’s essential to understand the different rental properties on the market to determine the right fit for you. Various rental properties in Toronto come with both pros and cons, depending on your criteria, lifestyle, needs, and wants. It is vital to narrow in on a property that will suit your needs best to ensure a pleasurable experience for your tenancy duration.
House
A house is an ideal rental property for larger families who are looking to rent. There are different homes, such as single-detached, semi-detached, back-split, bungalow, and duplex. The number of bedrooms and bathrooms will vary depending on the size of the house. Most homes feature a front yard, backyard, and garage.
Apartment
An apartment is a residential unit within an apartment building ideal for small families or individual tenants. The building is typically owned or operated by a property management company. There are different apartment units within an apartment building, such as a bachelor suite, 1-bedroom, 2-bedroom, and 3-bedroom.
Condominium
Often referred to as a “condo,” a condominium is a complex of individually owned units. This property type is ideal for small families or individual tenants. The owner of the condo who rents out their unit is the landlord, as opposed to the property management company being a landlord, as is the case with apartments. Condos and apartments are very similar, with the only difference being the owner of the unit.
Townhouse
A townhouse is a hybrid between a house and a condo and is an ideal rental property for larger families. Townhouses are typically uniform houses with two or more stories that share one or more walls with other independently owned units.
Whether you are an experienced or first-time renter, it is vital to find a property that meets and exceeds your needs, both now and well into the future. Planning can help make your home search all that much more pleasurable.
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