Quote:
Originally Posted by I-Hate-Hulse
Biggest thing about Inner City house shopping is that it takes a lot of time and patience to wait for the right one to come up - and then you have to act immediately. It's not like the new build burbs where you just roll up and pick your lot and house in a few days.
My point is - any area has hidden gems, even the "expensive" ones. You just have to be patient in finding them.
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This is good advice. We started looking one summer (wanted to move closer to DT) and within a week or two purchased something in a good location and in our price range (the property had only been listed for 4-5 days and we were one of two buyers who put in an offer). In the weeks and months that followed, I would look for similar listings (thinking we may have acted too soon) but could never find anything comparable. I still look every now and then and rarely find anything in that price range that fits our needs. In hindsight, I think we were extremely lucky by finding that property and acting as quickly as we did.
Moral of the story -- know what you want and what you're willing to pay, because if/when that property does come along, you do have to act fast. Having said that, it will be a lot easier to find a 2 BR inner city condo as opposed to a detached inner city home, especially if price is a major constraint. I also agree with bizaro -- start plugging in searches on realtor.ca and see what kind of hits come up. You should be able to cross off certain amenities based on what you can afford; that will help you figure out what is important and you can set your budget accordingly.