FAQs about condo fees

Townhomes with condo fees typically have a higher historical resale value than bare land townhomes.
The main reason being is that your home is professionally and responsibly maintained.

It also offers a lock and leave lifestyle, where everything is taken care of for you outside of your four walls. By having these condo fees not only do you protect the value of your home, but you increase the resale value an average of 6% compared to bare land townhomes.

Bare land ownership may sound great in theory, but there are many unspoken expenses that need to be accounted for in your monthly budget when buying your bare land townhome. Below are 8 expenses that are covered in condo fees, which you’d be responsible for paying separately, and likely at a higher rate due to the one-off contract nature of bare land ownership.

LANDSCAPING, IRRIGATION & REPAIRS

Lawn maintenance including snow removal, mowing and watering, gardening, as well as the additional maintenance and repairs to equipment.
Bare land townhome estimated monthly cost: $70

WASTE REMOVAL

Waste removal & recycling pickup. There is a mandatory city fee for garbage, recycling and compost pickup.
Bare land townhome estimated monthly cost: $20 (Waste Removal)

CLEANING FEES

Cleaning of common areas including exterior window cleaning, hallways and entrances.
Bare land townhome estimated monthly cost: $30

MAINTENANCE

Repair and maintenance such as lighting in common areas like entrances and parking garages.
Bare land townhome estimated monthly cost: $25

COMMON AREAS

Common area utility costs.
Bare land townhome estimated monthly cost: $10

BUILDING INSURANCE

Replacement value insurance (excluding content insurance).
Bare land townhome estimated monthly cost: $50

CAPITAL RESERVE FUND

Capital reserve fund contribution and capital reserve fund study fees. This means that if something needs to be fixed, repaired or replaced throughout the exteriors and common areas of the building, the reserve fund will cover it, instead of having to pay out of pocket. Without this fund, we recommend putting aside $50/month.
Bare land townhome estimated monthly cost: $50

MANAGEMENT

Property management fees. These are included in conventional condo fees, but not specifically applicable to bare land ownership.
Bare land townhome estimated monthly cost: $0

MONTHLYBare Land Townhome Ownership Cost$255

MONTHLYCondo Fees at Yorke Townhomes$142

AWARD-WINNINGDESIGN

Imagine coming home every day to a home that you feel proud of. Make that dream a reality with Yorke Townhomes.

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