Stacked townhome in Etobicoke

Stacked Townhomes: An Increasingly Popular Homebuyer Option

Wednesday Jan 27th, 2021

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Over the last several years, stacked townhomes have become an increasingly popular homebuyer option. This is in part to homebuilders trying to accommodate as many units on new land developments. As they say when referencing land, “they’re not building them anymore”. So essentially, developers in urban areas are “stacking” units on top of each other to create more units in condo townhouse complexes. Buyers of stacked townhomes tend to fall into two categories: first-time buyers and/or investors. For first-time buyers, the attraction is living in a space that has a community feel but not paying the same price as a freehold townhome. Square footage is slightly more than a typical condo as well. For investors, these units are easily rentable to urbanites who are looking for the same living space as the aforementioned first-time buyer.

 

An accurate description of a stacked townhome is a hybrid of a condominium and a townhome. The typical stacked townhome development features two bedroom units. There are usually single level units on the ground or lower level, “stacked” one over the other. Then there is a two level unit “stacked” on top of those units. To access the top unit means going up a flight of stairs. Each unit has its own private entrance. 

In my experience working with buyers looking at stacked townhomes, the lower level (if below ground level) is the least desirable unit. Not quite like living in a basement, but the lack of sunlight is not appealing. I’ve even seen ground level units that are two level, with the living/dining/kitchen areas at ground level and the bedrooms at the lower level. Those units are also not appealing to buyers, having the bedrooms in what is basically the basement.

 

Another potential drawback for stacked townhomes is parking. Remember, these aren’t your typical townhomes where you have a garage and a driveway. Some stacked townhomes do, but quite a few don’t. For the owner, or renter, you may only have one surface parking spot. Not an ideal situation for winter months or you have a two car household.

 

Owners of stacked townhomes pay a monthly maintenance fee for garbage and snow removal. Similar to condo townhome developments, the municipality won’t enter the complex to remove garbage and snow. That job is contracted out and the owners pay the bill through the maintenance fee. The fee may also cover any landscaping in the common areas of the complex. Maintenance fees in well-managed complexes don’t tend to increase at the same pace as a condominium building.

 

A hugely popular feature to living in the upper level units is the rooftop terrace. Not all developments have this feature, but the ones that do allow for barbecues. This is a great entertaining space exclusively for occupants of that unit.

 

To view all MLS listed stacked townhomes, condo townhomes and more across the GTA click here.

 

Let’s look at several stacked townhomes in Scarborough, stacked townhomes in Mississauga and stacked townhomes in Etobicoke.

 

Property location: Markham/Sheppard area, in Scarborough, ON

 

Asking Price: $539,000

 

Sold Price: $581,500 in 12 days, Dec/2020

 

Taxes: $2620/2020

 

Monthly maintenance fee: $395

 

Square footage: 1000-1199

 

Year Built: 2017

 
 
This two bedroom, two bathroom unit has the desirables features that one would look for in a stacked townhome. Firstly, there is a one car underground parking spot, similar to a condo dwelling. The unit is outfitted with stainless steel appliances and granite countertops in the kitchen. Smooth ceilings are throughout the unit, a nice upgrade. The master bedroom features a walkout balcony.
 
Here you can see the stairs leading to the bedrooms.
 
 
And the cherry on top is the 300 square foot terrace for entertaining. This stacked townhome is a good example of getting that townhome feel in a cozy, condo-like setting. The over asking selling price tells us that several buyers were bidding to make this their home.
 
 

Property location: Hwy 427/Burnamthorpe Rd. area, in Etobicoke, ON

 

Asking price: $599,988

 

Sold price: $615,000 in 12 days, Jan/2021

 

Taxes: $2332/2020

 

Monthly maintenance fee: $262

 

Square footage: 949

 

Year built: 2018

 
 
Here is another fairly new stacked townhome at just two years old at the time of the sale. This unit is another example of a modern stacked townhome with an abundance of upgrades featuring two bedrooms and two bathrooms. One underground parking spot is allotted to the unit.
 
 
Separation of living, dining room and kitchen areas from the bedrooms on the upper level give this home a townhome feeling.
 
 

The bonus with this unit is also a rooftop terrace with views of the city. 

 

Located in Etobicoke near the highway and shopping, all desirable amenities are within a short distance. This stacked townhome is an end unit, or some would refer to it as a corner unit, which allows for plenty of sunlight. Buyers usually pay a premium for such units. This unit is ideal for investors. Because of the nearby amenities and upgrades, a stacked townhome like this can fetch $2500/mth in rent.

 

 

Property location: Eglinton/Winston Churchill area, in Mississauga, ON

 

Asking price: $558,888

 

Sold price: $559,500 in 13 days, Nov/2020

 

Taxes: $2496/2019

 

Monthly maintenance fee: $267

 

Square footage: 800-899

 

Year built: 2007

 

 

This stacked townhome is located in the high demand area of Churchill Meadows in Mississauga. The unit is two levels with two bedrooms and two bathrooms. Although the square footage is on the smaller side, it is very well laid out to accommodate a small family and/or professionals on the go.

 
 
The unit only comes with one surface parking spot directly in front of the home. There is however, as a bonus, a walk-out balcony from the master bedroom.
 
 
The complex has a play area for children. Erin Mills Town Centre and Credit Valley Hospital are only minutes away.
 
 
Property location: Eglinton/Winston Churchill area, in Mississauga, ON
 

Asking price: $599,000

 

Sold price: $580,000 in 4 days, Nov/2020

 

Taxes: $2719/2020

 

Monthly maintenance fee: $182

 

Square footage: 991

 

Year built: 2015

 

 
This is another two bedroom, two washroom stacked townhome in the Churchill Meadows area. This unit is different from the other Churchill Meadows unit because of two main features: it is on a single level, and it has a one car garage.
 

 

No driveway, just parking for one car in the garage located at the rear laneway of the home.

 

 
The entrance to the unit is at ground level. There is a patio in the front, but not much privacy because it faces the parking lot.
 
 
Property location: Eglinton/Kipling area in Etobicoke, ON
 

Asking price: $599,900

 

Sold price: $690,000 in 9 days, Dec/2020

 

Taxes: $2785/2019

 

Monthly maintenance fee: $279

 

Square footage: 1200-1399

 

Year built: 2015

 
 
This is a three level, 2 bedroom, 2 bathroom spacious stacked townhome with one underground parking spot. First level has kitchen and living/dining areas, second level has the bedrooms and the third level has a loft space.
 
 

Stairs leading to the entrance of the unit. Whoever lives here must be in good shape...there are plenty of stairs.

 
 

A rooftop patio off the loft level for entertaining and barbecuing.

 

 
Property location: Eglinton/Kipling area in Etobicoke, ON
 

Asking Price: $695,000

 

Sold price: $695,000 in 10 days, Jan/2021

 

Taxes: $2332/2020

 

Monthly maintenance fee: $360

 

Square footage: 900-999

 

Year built: 2015

 
 

Here is a tastefully decorated two bedroom, two bathroom stacked townhome on a single level with two underground parking spots (hence the higher monthly maintenance fee than the other unit in the same complex).

 
 

The unit is just above street level and has a balcony with a barbecue hookup.

 
 

These featured homes are examples of the varying types of stacked townhomes across the GTA. As you can see, the price points vary from the mid 500’s to the upper 600’s. There is a style of home for every lifestyle and taste.

 

If you’d like to see what’s currently on the market for stacked townhomes, condo townhomes and freehold townhomes and more, feel free to browse all MLS listings here, or contact me directly if you have any questions. Let’s talk real estate!

 
 

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