This Minuscule Toronto Condo Is $2,000/Month And Doesn't Even Have An Oven
This week on Property Disasters...
Sometimes you stumble across an apartment listing so absurd that you can't help but be amazed. This new condo development in Toronto is one of those listings.
Toronto condos seem to get smaller each year. As it is one of Canada's most expensive cities, the 6ix is in peril of becoming inaccessible to the common person. With prohibitive prices and little in way of amenities, condo developments are slowly becoming Airbnb ghost hotels owned by the rich.
This condo development on 576 Front St. West in downtown Toronto features units that are under 480 square feet and have no oven. 162 of these units are like this and each can go up to $2,100 a month!
Minto Westside is a brand-new condo development that is, according to the project website, a "stunning new landmark for the city." The condo building has two towers, one 18-storey and one 20-storey that are meant to represent "the architectural style of the area's heritage buildings."
While visually appealing, the condo units are pretty small. Currently, the biggest condo on offer is only 861 square feet. As mentioned, the smallest condos are less than 480 square feet and feature no oven.
According to a report by the Toronto Star, condo buildings with no standalone ovens are slowly becoming a trend in the condo landscape. Some experts cite the prevalence of app delivery services such as Uber Eats and SkipTheDishes as the reason why people are more attracted to living spaces without ovens.
Experts also mention that many people who live in the downtown core don't cook. Furthermore, one commentator from Ryerson University said that not installing cooking appliances saves the builder millions.
Interestingly enough, the same Ryerson University expert suggested that investors would be attracted to these living spaces for Airbnb purposes. Unlike Montreal, Toronto doesn't have such stringent rules in place to limit short-term rentals.
The building and the unit look, for the most part, quite decent. It's clear that investments were made into the aesthetic value of the development. However, in the above picture, you can clearly see a tiny kitchen.
People hope that this trend toward ovenless condo units isn't the new norm. Always ordering delivery isn't sustainable to the long-term well-being of your health or your wallet or the environment... really it's not good for anyone.
Still though, with condos like this being at sold at exorbitant prices, it's no wonder people are worried about the future of our cities.
To find out more about Minto Westside's ovenless condo units, please read Ilya Bañares's article in the Toronto Star.