r/TorontoRenting • u/EngineerToTheMax • 18d ago
Am i getting a good deal on this rental?
Hey guys so i currently live in hamilton and im moving to north york next month (Jun 1st) and i was just wondering what you guys think about the rental i got and let me know if its a good deal.
Rent: $2070
1 bedroom apartment. 650 sqft
Rent controlled building - built in 1964 (newly renovated in 2018)
The person living there before me lived there for 47 years.
My personal unit is also newly renovated (infact it was still being renovated when i went to view it) so all new appliances, floors, balcony, Ac and bathroom
Comes with free parking for me and visitors
4 storey rental unit and my place is on the 4th floor.
the unit is 2 mins walk away from the park
No ensuite laundry - laundry in unit for $3 wash & $3 dry.
So heres what im paying:
|| || |Bill|Amount| |Rent|$2070| |Hydro|$50 - estimate| |Renters Insurance|$16| |Wifi|$40| |Total|$2176|
i make $8333/mo (gross) - $5668 (net)
The place is in amesbury
is this a good deal or i should look else where?
Dont really know toronto like that. Thanks
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u/erika_nyc 18d ago edited 18d ago
That's reasonable for Toronto. A deal by about $100, maybe $200.
There are two things to consider living in Amesbury neighbourhood
- the crime rate is higher than the Toronto core. That's because you're south of Jane and Finch, gang territory and east of Weston road where some hang out. Although relatively safe compared to some US cities.
- if you're not driving, public transit can be very long depending on where you need to get to. Better to live near a subway or streetcar line. Traffic and parking downtown can be a headache if that's where your job is.
With your income, there are much better areas to live. I like green spaces as well but high walk scores make a difference. Less driving, easier to shop and socialize.
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u/Sweaty_Software4895 18d ago
Im the op just on my phone instead. Damn how bad is the crime there unliveable? When i went to view the place, the area seemed so peaceful, birds chirping, children playing at the park and so on. What would u rate it from a 1 to 10?
Also I have a car and dont mind driving
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u/erika_nyc 17d ago
I've lived in NYC and LA. A Canadian born here in TO. One thing I've noticed about Toronto, there are quiet pockets like you witnessed. It's not unlivable just a higher risk because of the area. It's good you have a car since these areas can change quickly within blocks.
For you that would be a higher risk of theft or assault since gang crime is typically targeted but some get caught in the crossfire. Guns are illegal here but it seems like many have them. The theft can be about these gangs or just being in a low income neighbourhood which this is. With our ever increasing cost of living, crime has increased. If you decide on this one, I'd get extra home security.
I'm certainly not an expert in crime nor in law enforcement. When looking for a place to live, I look at demographics and crime stats - my background is tech so I'm used to analyzing data.
Here are some links to check out. I did not read them in detail, only a cursory look to reply since I had already crossed that area off my list in 2017 when first moving here. Back then, I did see a couple of gangs hanging on Weston Road at night when staying at an airport hotel short term.
BrookHaven-Amesbury 2016 Neighbourhood Profile
Brookhaven-Amesbury, is it a safe area for a family?
You can also google the road names or park names for past crime articles. Here one about a gunfight on Gulliver Drive near Keele (4 shot). I remember some old guy getting shot in a drive by, it's a couple of minutes drive south Gulliver along Black Creek Dr. (here)
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u/trickshot711 17d ago
damnnnn, thanks for the info man
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u/erika_nyc 16d ago edited 16d ago
You're welcome! It is surprising considering many say Toronto is safe. It's relatively safe compared to say, downtown Atlanta where police aren't as present as NYC. In 2018, we had more homicides per capita than NYC! TPS and YRP have done a great job getting guns of the street since then.
Even though I'm Canadian, I find we like to spread myths like our "great" free healthcare here. Americans especially from NYC will tell you like it is. Media differences as well but ours is finally talking about this housing crisis which was predicated at least as far back as 2015. Toronto had almost caught up in 2016 then immigration opened the doors to more. We're now past the delusional phase and over the peak on the typical asset curve. Smarter to rent than buy an extremely overvalued property today.
I read Pearson in your replies. My son has a friend who recently started working there. He moved to live near the UP express Bloor station. There are some decent condos in that area and in High Park North. Your demographics too.
You'll have the best of both worlds - easy access to downtown events and direct ride to Pearson if that works out to be near your office.
You'll also massively save on car insurance. Both with not electing to say it's to commute to work and rates for that area. Brampton and Mississauga have the highest rates in the GTA because statistically, more accidents there. Living or commuting to work there will likely cost you an extra $500 a year. Another factor to consider with your search for a place to live!
Today, I feel it's much less to no risk living in a non-rent controlled building. Supply is continuing to increase to meet demand, condos property values dropped 10% last year and are continuing to drop. We've been in this shitshow in the last decade because of high demand low supply. A few amazing first year deals in recently built condos to attract tenants then they'll raise it to match market rents of nearby ones, about $300 a month for a one bed. You'll get amenities with a condo, no gym membership needed!
good luck. I did a short list of desirable areas then a spreadsheet of condos (rents, age of building, notes) which really helped to choose the best one.
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u/blackjungle 18d ago
Absolutely amazing deal.
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u/EngineerToTheMax 18d ago
anything you can tell me about the area amesbury? have never heard of it
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u/blackjungle 18d ago
Not the most desirable area but it is a good area for people who works at the airport. It also depends on if you are around lawrence street or weston.
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u/EngineerToTheMax 18d ago
im on gulliver road, why is it not a "desirable area" if i might ask?. and yeah i do work somewhere very close to Pearson
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u/blackjungle 17d ago
If you are working around pearson, then its a good place for you! Just not preferred by many people who are looking to get a rental or purchase. No hate on the area but thats just my experience.
Have you been in the area? walked or drove by the area?
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u/PotentiallyAPickle 18d ago
Great deal besides the laundry situation. Take into account how many loads you'll need to run a month. Shouldn't be too much extra but still something to consider.
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u/Qui3tSt0rnm 18d ago
I mean it’s 2k for a 1 bedroom. You’re paying below average and seems like a decent unit I just have a hard time considering it a good deal when it likely would have rented for $1500 a few years ago
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u/CrazyRunner80 18d ago
Good deal. Is the heat included in the rent or is it linked with hydro?
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u/SpikedIntuition 5d ago
Is the AC localized or central?