Tiny Town: four Torontonians who are living large in micro-condos
September 3, 2015
By definition a micro condo is about 220 to 400 square feet, so only one of the people profiled in this Toronto Life article is technically living in a micro condo.
That said, making a permanent home in a space that’s under 500 square feet can be a challenge, but it’s also a reality for many first time buyers as the average size of a Toronto condo continues to shrink.
From Murphy beds to coffee tables that serve multiple purposes, a number of companies from Ikea to Crate and Barrel are producing innovative products for small spaces, which proves that the trend toward smaller spaces isn’t restricted to cities like Toronto, Vancouver, New York and Tokyo.
The advantages of living in a smaller space include a smaller price, of course, but also reduced maintenance, heating and cooling costs. However, if you’re considering one as an investment keep in mind that banks are often hesitant to finance their purchase as they think resale of the units may be difficult.
Take a look at how these people make their smaller spaces work. Click here for the Toronto Life article