August 2, 2022

Townhouse vs Condo: What’s the Difference?

Have you ever wondered what the difference is between townhouses vs condos? In today’s real estate market, both townhouses and condos are a popular choice of residence for individuals and families. With low-upkeep and amenities they are a great option for your next home.

Have you ever wondered what the difference is between townhouses vs condos? In today’s real estate market, both townhouses and condos are a popular choice of residence for individuals and families. With low-upkeep and amenities they are a great option for your next home.

In this article, Scott Vanderspek is diving into the difference between condos and townhouses and their respective pros and cons. Keep reading to find out whether a townhouse or a condo is right for you! 

What is a condominium?

A condo, also known as a condominium, is a specific housing unit within a larger property. But it also refers to a type of legal ownership where multiple residents own their individual units, and the common areas are jointly owned. 

What is a townhouse? 

A townhouse is an individual house typically stacked side-by-side where one or more walls is connected to a neighbouring house. 

Can a townhouse be a condo?

Yes, it is possible for a townhouse to be a part of a condo complex. According to Simple Condo Advice, a townhouse is only an architectural style, whereas a condo is a type of legal ownership. Let’s break it down even further with these terms. 

Condo: A unit within a large apartment complex. 

Condo townhouse: A townhouse that is part of a condo development.

Freehold townhouse: A standalone property, from a legal perspective. You are not sharing communal spaces and therefore do not pay condo fees. 

Condo vs condo townhouse

Condos and condo townhouses are essentially the exact same, they are individual units in two different architectural styles. In both cases you are the owner of your unit and part owner of the communal areas and you must pay condo fees every month. 

Condo fees may be lower than those for townhouses because there are typically less communal areas, no lawn or landscaping maintenance. 

Condo townhouse vs freehold townhouse

With a condo townhouse, you need to pay monthly condo or strata fees but with a freehold townhouse you do not. If you do decide to purchase a freehold townhouse, this means that all the maintenance is up to. You may save money every month but you can be subject to large bills when something goes wrong with the home. 

The pros and cons of townhouses vs condos 

In both types of properties you are sharing a wall with a neighbour and therefore you can expect some level of noise. 

The major difference between townhouses vs condos is the space you get. You can have a lot more storage space with a townhouse than you will with a condo. 

There is less privacy in your own home with a condo because the rooms are all on the same level. In a townhouse, there are usually two to three floors where you can get some privacy when needed. 

Still unsure which type of property is right for you?

Scott Vanderspek is a Surrey real estate agent who wants to help his clients and members of the community better understand the home buying process. Even once you have purchased your home, you can always reach out to Scott for advice. 

If you are looking for a house for sale in Surrey, you can reach out to Scott to help you find your dream home. Have questions regarding condos vs townhouses? He can help you with that too.