Who lives in your future condo building? Owners or Renters?

Before you fall in love with a condo, it’s wise to understand who lives in the building. These are your future neighbours. Are most of the units occupied by owners or are they owned by investors who have rented out their units?

There several reasons why you might care about the mix of renters versus owners

1. Buildings with low % of renters have fewer residents moving in and out each month, which means less disruption for the residents
2. Less wear and tear on the elevators and common areas with fewer residents moving in and out each month.
3. Many renters are only there for one year so if you live next door to a renter, you may be getting a new neighbour each year.

Here’s a list of a few building Etobicoke with the lowest percentage of renters and the buildings with the highest number percentage of renters.

A Few Etobicoke Condos with the Lowest % Renters

Grand Harbour Condos – 2285, 2289 Lake Shore Blvd W Etobicoke 

Palace Place – 1 Palace Pier Court Etobicoke

Palace Pier – 2045 Lake Shore B

Newport Beach – 2111 Lake Shore Blvd W, Etobicoke

Grenider Landing – 5 Maine Parade Dr Etobicoke

Park Lake Residence –  – 1910 Lake Shore Blvd W Etobicoke

Southbeach –  88 90 Park Lawn Rd, Etobicoke

A Few Etobicoke Condos with Highest % Renters

Ocean Club Condos – 60 Annie Craig Dr Etobicoke

Westlake – 2012-2220 Lake Shore Blvd W Etobicoke

Nautilus at Waterview – 16 Brookers Lane Etobicoke

The information regarding percentage renters and owners in each building was collected from the property management of each of the condos.