Ask Soho
We are here to answer any question you may have about real estate.
Residential: The residential property class includes detached, semi-detached, multi-unit (townhouse/stacked/apartment) and duplex/doubles (two separate living units in the same building, on the same title) properties that are NOT registered as condominiums. The property owner holds freehold title to the dwelling unit and accompanying block of land.
Condominium: The condominium property class includes any property, regardless of style (i.e. detached, semi-detached, apartment, stacked etc.) which is registered as a condominium, as well as properties which are co-operatives, life leases and timeshares.
Lot: A piece of property which is typically without buildings or structures. (A structure may exist on the property but the property is being sold for the land value only.) The property does not have a commercial zoning designation.
Commercial: Commercial property class refers to buildings or land intended to be used either for the operation of a business enterprise or to generate a profit either from capital gains or rental income. Businesses intended to generate a profit are also included in the commercial property class.
Multi-Family (Residential): Multi-Family (Residential) is a property which is a double (side by side), duplex (up and down), triplex or a fourplex. In the case of doubles and duplexes, they may also be listed in the Residential property class and cross referenced. Properties which have 5+ units must be listed under the Commercial Property Class.
Rental: Any Residential property that is available for rent.
For more information please contact us today!
