The last of the Baby Boomer generation are approaching their 60s, with many members of this demographic already well into their retirement years. Whether your children are all finally full grown, or the house feels like a lot of work, there are a variety of reasons one might consider downsizing. It could be a move of convenience, a great opportunity to generate extra funds for your retirement or both.
Downsizing does not have to mean downgrading. Toronto developers are now thoughtfully crafting condos for baby boomers so the progression onto a smaller space can still feel like a lifestyle upgrade. This generational shift is creating a steady demand for conveniently located condos with luxurious features. New builds are focused on offering spacious suites boasting a minimum of 1000 SF, private outdoor space, and top of the line finishes for every unit. These gorgeous spaces in central Toronto locations aim to check every box as you firm up your decision to downsize.
The move itself can sometimes be the deterring factor. Making a move after many years in your home can feel overwhelming. Partnering with the right organizational services, a financial planner, and a knowledgeable real estate agent can all make the transition a little smoother.
If you’re considering a condo, or just curious what’s out there, here are the developments we see targeting modern downsizers. For more information on any of these projects or general recommendations on this type of move, we’d be happy to chat. Reach out to our team today.
Location: Annex (Bathurst & Dupont) / Boutique build: 216 suites, 9 stories / Price point: $1,270,000 - $1,835,000 / Square footage available: 1201-1568 / Completion: Spring 2021
Location: Bedford Park (Avenue north of Lawrence) / Boutique build: 36 suites, 7 stories / Price point: $1,692,800 - $3,422,400 / Square footage available: 1058-2139 sf / Completion: Spring 2020
Location: Lawrence Park (Yonge south of Lawrence) / Boutique build: 67 suites, 9 stories / Price point: $1,300,000 - $4,500,000 / Square footage available: 1161-2499 sf / Completion: September 2021
Location: Midtown (Yonge Street south of Eglinton) / Boutique build: 67 suites, 11 stories / Price point: $749,900 - $3,278,900 / Square footage available: 715 - 1887 sf / Completion: October 2020
Location: Avenue Road (South of St Clair) / Boutique build: 36 suites, 9 stories / Price Point: $2,340,000 - $2,850,000 / Square footage available: 1810 - 1957 sf / Completion: Spring 2020