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Victoria Boscariol, Toronto Real Estate agent

 

30 Elm Avenue Rosedale Court
Rosedale Toronto Co-Ownerships

30 Elm Avenue Rosedale Toronto Condos Co-ops Co-ownerships Victoria Boscariol Chestnut Park Real Estate

 

Located at the north east corner of Elm and Sherbourne streets, 30 Elm Avenue was originally built in 1953 as an apartment building and then converted to a Co-ownership in 1990.

Features of 30 Elm Avenue Rosedale Court

  • Low-rise building of 3 levels with 38 suites
  • Building security system
  • Gas water heating
  • Laundry facilities located on lower level with new machines installed in 2011
  • Taxes are included in maintenance fees
  • Pets are permitted
  • Underground parking garage
  • Each suite includes a locker
  • Outdoor patio area at north east corner of building
  • Easy access to TTC with bus stop in front of building
  • Steps to Sherbourne subway, Bloor Street & Branksome Hall private school for girls

30 Elm Avenue Building Lobby Rosedale Toronto Condos Co-ops Co-ownerships Victoria Boscariol Chestnut Park Real Estate

Monthly maintenance fee: covers taxes, heat, hydro, water, common elements, building insurance and parking.

Pet Policy: Pets are allowed

Corporation Name: 30 Elm Avenue Co-Ownership

Building Address: 30 Elm Avenue Toronto ON M4W 1N5

30 Elm Avenue Rosedale Toronto Co-Ownerships Gardens Victoria Boscariol Chestnut Park Real Estate

Rosedale Toronto Condos Co-Ownerships Co-ops 30 Elm Avenue Victoria Boscariol Chestnut Park Real Estate

Alert me when units come up for sale at 30 Elm Avenue that meet my requirements

SEE MAP OF CONDOS, CO-OWNERSHIPS & CO-OPS CURRENTLY AVAILABLE FOR SALE IN ROSEDALE

Questions about Rosedale co-ownerships?

See more listings available for sale in Rosedale

SOLD 30 Elm Avenue 3 Bedroom Penthouse

SOLD 30 Elm Avenue 2 Bedroom Plus Balcony

Understanding Co-Ownerships
A co-ownership is a form of home ownership in which several unit owners come together as registered co-owners of an undivided percentage of the whole property. Each co-owner has shared rights of the common elements of the property and the exclusive right to occupy a particular unit or suite.

Unlike a condominium, where a buyer obtains ownership to a unit by way of a deed registered on title, in a co-ownership, a buyer acquires an undivided percentage ownership in the property by way of a deed registered on title but does not own his or her unit. The buyer has exclusive occupancy rights to a specific unit as outlined in the provisions of the Co-ownership agreement.

A co-ownership is also different from a co-op or co-operative. Residents in co-ops own shares in the Co-operative Corporation giving them exclusive use of their suite.

Also, unlike a condo, a mortgage cannot be obtained on a co-ownership unit however it may be possible for a buyer to obtain financing offered through specific lenders with a minimum down payment of 35%-40%.

Like condos, the buyer or co-owner of unit is assessed their share of the common expenses paid as a monthly maintenance fee which will also includes the taxes. Co-ownerships are also governed by a Board of Directors whose members consist of co-owners but co-ownerships do not fall under the Condominium Act as they have their own by-laws, rules and articles of incorporation.

The main advantage of co-ownerships is they are often more affordable than comparable condominium units located in the same neighbourhood.

 

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