Condos for Sale
Included below are Condos for sale in Newfoundland & Labrador. If you would like more information on any of these Condo real estate listings, just click the "Request More Information" button when viewing the details of that property. We can provide you with disclosures, past sales history, dates and prices of homes recently sold nearby, and more.
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Condo living can offer a great lifestyle, often thought of as a maintenance free way to live. While there are some great perks, there’s also a lot to know before investing in condominium living. Having an experienced Realtor® by your side is the best way to ensure you are completely educated on the process and understand exactly what you are purchasing. A Realtor® always has your best interest at heart.
Many think a condo is like an apartment, however, a condo can come in many different styles; attached or detached, bungalow or part of a multi-level unit.
Deciding to purchase a condo is much like any real estate purchase at first, deciding if the dwelling is the right fit and location. In addition to these needs, a condo comes with a large number of questions that need clarification. Let’s look at some of the things your Realtor® will work with you to understand:
A condo corporation is run by an elected board, they set fees and develop bi laws which include rules and guidelines. It is important to understand what these fees are used for and also the rules to follow.
An elected board meets regularly to ensure decisions are made and financial statements are prepared.
Common Questions About Condos
Some of the many questions that will need to be clearly communicated prior to deciding if the condo is right for you are:
What are the total monthly condo fees?
What parking is included? How about guest parking?
Is there onsite storage available?
Are there any services such as a fitness centre, pool or shared rooms that may be accessed?
What does maintenance include? Snow clearing? Garbage pick-up? Property Taxes? Insurance? Heat & Light? Landscaping?
Who is contracted to do the property management?
Are pets allowed?
Can I rent my condo?
Are kids allowed? Are there any age restrictions?
What about exterior upkeep for big projects? i.e., if a new roof is needed down the road, how is this paid for?
What is the status of the reserve fund, and when was the last reserve fund study completed?
Am I responsible for maintenance to the interior of my dwelling? i.e., if a sink faucet breaks, is it my responsibility?
Every Condo Corporation is different, so sufficient homework to understand what you are investing in, and any restrictions is a must. You should also keep in mind that should you choose to sell down the road, these rules, guidelines and fees will all need to be passed along to a new owner.
Condo living definitely has some great advantages, and may be an ideal way to live, just be sure you fully understand everything about the property you are purchasing.
Some Condo buildings to consider include;
Oak Ridge Condominiums
East Point Condominium
Brookside Preserve 50+
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