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Differences between condo stratas and townhouse stratas


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#1 sebberry

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Posted 12 January 2012 - 11:31 AM

Aside from the obvious differences in the buildings, are there any big differences between the structures of the stratas of townhouse and apartment style stratas?

ie, is there a general trend towards fewer restrictions in townhouse/rowhouse developments than apartment condos?

Thanks

#2 Baro

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Posted 12 January 2012 - 11:43 AM

I wil never in my wildest dreams afford a house in this city, but maybe one day a townhouse. Condo's scare me due to creepy american HOA like potentials for oppressive insanity, so I'm interested in this question too.
"beats greezy have baked donut-dough"

#3 sebberry

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Posted 12 January 2012 - 11:55 AM

It's that oppressive insanity which is why I'm thinking about townhouses.

I've watched enough episodes of Property Virgins to know that even SFH developments with Home Owner Associations are subject to oppressive insanity.

I don't so much mind if there are restrictions on what colour I can paint my townhouse, but I would hate to move into a development only to have the strata start adding bylaws like no pets in the complex, no using your garage to repair your car, etc...

#4 Nparker

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Posted 12 January 2012 - 12:09 PM

...are there any big differences between the structures of the stratas of townhouse and apartment style stratas? ie, is there a general trend towards fewer restrictions in townhouse/rowhouse developments than apartment condos?


My strata is made up of both condos and townhouses. With the exception of individual gas metering for the THs, the bylaws apply equally across all units.

#5 G-Man

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Posted 12 January 2012 - 12:20 PM

^ Exactly a strata property under the Strata Property Act is pretty much same across the building types.
Density Fanboy

#6 Baro

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Posted 12 January 2012 - 12:22 PM

So I was trying to look up some townhouse prices in town and many don't seem any cheaper than a small house of a similar size. It almost seems like the worst of both worlds in some respects.
"beats greezy have baked donut-dough"

#7 sebberry

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Posted 12 January 2012 - 12:35 PM

So I was trying to look up some townhouse prices in town and many don't seem any cheaper than a small house of a similar size. It almost seems like the worst of both worlds in some respects.


Victoria never really took to townhouses. That's why I dragged the MLS map up to Nanaimo :o

#8 Baro

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Posted 12 January 2012 - 12:39 PM

Yeah I wish we had more. I like the idea of them and you can often build them at about the same density as woodframe apartments but everyone gets their own entrance, very little shared infrastructure.
"beats greezy have baked donut-dough"

#9 sebberry

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Posted 12 January 2012 - 01:00 PM

It would be really nice if the bylaws for a particular strata would be accessible on the MLS website. What I can do with my home is just as important as what it looks like.

#10 G-Man

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Posted 12 January 2012 - 01:01 PM

They are great IMO having lived in one. They can be cheaper than a house with more room than an apartment. I wish we had more of them around town. There are quite a few around Hillside Mall.
Density Fanboy

#11 Bernard

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Posted 12 January 2012 - 01:12 PM

All strata title properties work within the same set of regulations, thought bare land stratas are a little bit different.

BC is one of the only provinces to have Strata titles. In most provinces you are a shareholder in the corporation that owns the building.

The importance of the strata title is that you have a direct registered interest in the property and as such as protected - you have an actual registered title. It means your place is more you place in BC than say Washington state or Manitoba.

Having the title to your interest in the land, together with the use of the Torrens system of land registry, provides people in BC with the strongest legal protection of their interests.

#12 sebberry

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Posted 12 January 2012 - 01:21 PM

Interesting to know, thanks Bernard :)

#13 Bernard

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Posted 12 January 2012 - 02:49 PM

So I was trying to look up some townhouse prices in town and many don't seem any cheaper than a small house of a similar size. It almost seems like the worst of both worlds in some respects.


Historical townhome developments in Greater Victoria were low end crappy construction, the best example of this is housing development between Burnside, the highway and Tillicum. Up until 2000, the cost to get into the market for a small house was low enough that there was little demand for townhomes as starter homes. I think that era is over and there is a pent up demand for good quality townhomes for first time home owners.

We have seen some very interesting high end townhome developments in this region in the last few years. Ironwood on Craigflower is one example, as is 675 Superior. The new brownstone looking places at 934 Craigflower are selling for $500.000, you can get houses in the neighbourhood that are cheaper than that.

#14 Matt R.

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Posted 12 January 2012 - 08:51 PM

As a townhouse owner in Parkside Place, I'd like to chime in.

Surely there were years where Parkside was poorly managed, but that's a challenge every strata faces. Parkside was well built, is solid and dry, and new management and council have done a wonderful job of improving the space. The grounds are clean and well kept, all the buildings have new roofs and were repainted two summers ago. The financial health of the strata is very solid and you won't have to spend an extra $30k on parking.

There are 120 units, both condo and townhouse, on 5.5 acres with a heated in-ground pool and playground so there is a lot to manage, but with pride of ownership just about anything in possible.

Townhouses are a great option for many looking to get into the market, and with interest rates as low as they are, you won't find a better value anywhere in the region than Parkside and you would find the monthly mortgage payments to be hundreds less than renting something similar.

Proximity to downtown, a further-developed Tillicum mall, Costco, Uptown, Camosun - well just about everything, is a bonus. Bus routes everywhere, and even UVic is a straight shot up McKenzie.

Parkside Place FTW!

Matt.

#15 MarkoJ

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Posted 12 January 2012 - 10:22 PM

^ Exactly a strata property under the Strata Property Act is pretty much same across the building types.


+1

Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2013 | Fair Realty

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#16 MarkoJ

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Posted 12 January 2012 - 10:27 PM

The one thing to keep in mind is strata duplexes, while a strata property, typically do not conform to the Strata Property Act. For example, it is rare for 2 owners of a strata duplex property to hold meetings, have a contingency fund, etc. Typically they just share the insurance on the building and the cost of repairs for items such as a roof.

New townhomes are in demand close to the core. The best example of this would be www.lansdownewalk.ca - sold out extremely quickly.

Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2013 | Fair Realty

www.MarkoJuras.com - MLS® from $799 and up to 50% cash back for buyers | www.834sales.com - The 834 Specialist

Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


#17 MarkoJ

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Posted 12 January 2012 - 10:29 PM

As far as restrictions it all depends on the complex. One of my clients just bought into a townhome complex where no rentals, no dogs, and no children are allowed.

Marko Juras, REALTOR® & Associate Broker | Gold MLS® 2011-2013 | Fair Realty

www.MarkoJuras.com - MLS® from $799 and up to 50% cash back for buyers | www.834sales.com - The 834 Specialist

Looking at Condo Pre-Sales in Victoria? Save Thousands!

 

 


#18 sebberry

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Posted 12 January 2012 - 10:36 PM

Good to know, thanks!

Sounds like you're not really getting away from the politics of condo living with a townhouse.

#19 Nparker

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Posted 12 January 2012 - 10:41 PM

Sounds like you're not really getting away from the politics of condo living with a townhouse.


That's the point. If you have issues of living under rules meant to satisfy the various needs of a diverse group of individuals then ANY sort of strata titled property is probably not for you.

#20 sebberry

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Posted 12 January 2012 - 10:57 PM

That's the point. If you have issues of living under rules meant to satisfy the various needs of a diverse group of individuals then ANY sort of strata titled property is probably not for you.


My experience is that the rules are there to satisfy a small group of vocal people who want to meddle in everyone else's life.

Unfortunately not everyone can afford a SFH and must live under a strata of some sort.

Stratas: Where you have to put up with everyone else's crap but god help you if you ever step even one bit out of line :rolleyes:

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