Toronto’s housing affordability problem has spread to the surrounding area, but as prices rise every month, some developers are doing all they can to make their homes more affordable.
The Building Industry and Land Development (BILD) Association has recognized the Oshawa SmartStudios micro condo project winner of its Best Innovative Suite Award, highlighting how developers can use innovative design to maximize livable space and keep property sizes small enough to keep homes firmly in the affordable territory.
The units, which are priced from $150,000 to $170,000 are as small as 274 square feet but use smart design to deliver the same creature comforts people need in their homes. The BILD blog describes some ways they managed to pack a full home into a tiny box.
“This is accomplished by incorporating dual-function features, such as fold down beds that transform into dining tables, and electronic standing desks that can be lowered for additional counter space. Kitchenettes and bathrooms are smart-sized and come with compact fittings that offer organization while saving space.”
BILD claims it is the first micro condo building to be built in the GTA. The concept is popular in mega cities like New York and Hong Kong. It’s location in the suburb of Oshawa is slightly confusing, but people are definitely excited about it as all units sold out in a couple of weeks. It will likely provide great living space for students studying at the nearby University of Ontario Institute of Technology this fall.