With higher home prices, the cost of living, and the sheer size of the city, it only makes sense to see a greater number of younger professionals seeking out homes within the inner city. They’re closer to work and cut down on many costs. That being said, there’s only so much space available downtown, which translates into smaller homes. Young professionals living downtown aren’t complaining though: a smaller condo is the gateway to the walkable lifestyle in the heart of the city.
This trend is nothing new in other major cities, particularly in those with high density populations and no room to expand. So how are these micro condos different from the traditional tiny apartment or rented room? Rather than cramming too many tenants into an apartment or building barely-big-enough bachelor suites, these condominiums are intelligently designed to maximize tiny spaces.
Like a single-family home, each condo has dedicated areas, including a bedroom, kitchen, and bathroom. There’s not a lot of room for re-arranging and changing layouts, but the condos are laid out to use every square inch, and the flow from room to room makes them feel much larger than they actually are. The open floor plans between the kitchen and living room create a bright atmosphere, and unlike a bachelor suite of the same square footage, these condos are comfortable enough for two.
In Calgary, micro apartments and condos are picking up speed in the university district and near the city centre. The University City development in particular has been skyrocketing, likely due to its proximity to the U of C and SAIT campuses, not to mention the Foothills Hospital and the city center. If the owners of these condos decide to move up and out, the market will always have a buyer. The same developer is behind the East Village micro condo building without any underground parking, the idea being that the walkability outweighs the need for a vehicle, and that it will cut costs for the buyers.
Interested in an inner-city, micro condo? Contact us today!
Krista Kehoe, Calgary real estate agent & REALTOR®