As a Toronto realtor, I often get questions from clients about the age of their homes — especially when it comes to older condo townhouses. A common concern: “Is my 50-year-old townhouse going to be hard to sell down the line?”
Let’s break this down.
🏡 The Situation
One Toronto homeowner recently shared their experience: they purchased a condo townhouse built in 1974, located on a slope with some slanted floors in the basement. While there’s no flooding or immediate structural red flags, there’s uncertainty about whether it’s a foundation issue.
On top of that, the condo board appears to be financially weak, with low reserve funds and a habit of delaying repairs until things are falling apart. It’s not uncommon in older developments, especially if the board hasn’t proactively planned for long-term upkeep.
Despite these concerns, the homeowner loves the spacious layout, appreciates the location, and sees this as a long-term home—possibly for the next 20-30 years.
So… is that realistic? Or risky?
✅ The Pros of Older Townhomes
- Larger Floorplans
Townhouses built in the 1970s and earlier tend to offer more generous layouts compared to modern builds. That extra square footage is something buyers still value—especially families or those downsizing from detached homes. - Better Soundproofing
Older builds are often more solidly constructed with concrete or brick materials, providing superior noise insulation between units. - Character & Location
Many of these developments are in well-established, transit-accessible neighborhoods with mature trees, parks, and schools—an attractive combo for buyers.
⚠️ Key Concerns to Watch
- Condo Management & Financials
The biggest red flag with older condos is not the age itself—but how the building is managed. A weak reserve fund, frequent special assessments, and delayed maintenance can make resale difficult and push condo fees to unsustainable levels. Pro tip: Review the status certificate and financials regularly. If you’re unsure, consult a lawyer or real estate agent to help interpret the numbers. - Structural Issues
Slanted floors may be harmless in some cases, but they’re always worth having checked by a professional. A home inspector or structural engineer can help determine if it’s settling or a more serious issue. - Rising Condo Fees
It’s normal for maintenance fees to rise with time, but if the board isn’t proactive about maintenance and budgeting, increases can be sharp — and that could scare off future buyers.
💬 So, Should You Be Worried?
Not necessarily.
There are plenty of homes in Toronto that are 80 to over 100 years old that still sell well. What matters most is how well you maintain the property and how the condo corporation manages the building.
When the time comes to sell, buyers will judge your home based on what they see — not just how old it is. If you’ve maintained the home, upgraded finishes, and the condo finances are in order, the age will take a back seat.
On the flip side, poor upkeep and a mismanaged building can be deal breakers, regardless of the home’s charm or size.
🧭 Realtor’s Advice:
- Track local sales in your complex. How long do listings sit? Are they getting close to asking?
- Compare your unit to similar properties nearby to see how it stacks up.
- Keep records of any maintenance, inspections, or upgrades.
- Talk to your board — ask about long-term plans and the reserve fund health.
- Plan ahead for when you’re ready to sell. Even 10 or 20 years from now, a well-maintained older home in a good location will still have value.
Richard Wang 