01-11-2017, 11:28 AM
(01-11-2017, 11:23 AM)darts Wrote: I thought I read that condos with dens were reconfigured and rented out to students as an extra bedroom.
If a developer knows that they can get so many $ for 8 units on a single floor, wouldn't they charge about double per unit for 4 units on the same floor? In reality I know space might be a little less than double and the developer saves by not having to make a second kitchen but I don't think they would necessarily pass the savings on.
Dens can be rented as student bedrooms, sure. If the location is right for students, and the price compensates for the tiny bedroom. 181 King S is a bit far to be prime student rental space, though.
What a developer will charge will really be determined by the market: they will charge as much as people are willing to pay. Penthouse units are generally the most profitable but they are also the most difficult to sell (1 Victoria and Arrow Lofts still have penthouse units left, for example) so some developers will forgo them altogether. So you look for balance: the most profitable unit types that will also sell in a reasonable amount of time.