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Rightsizing From a Toronto House to a Condo
Move from high-maintenance house to ownership condo
Book a strategy callSRES®
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ABR®
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Diamond Award 2024
Shen Walji
4.9★
192 Google reviews
25+
years investing
8+
years in real estate
200+
clients served
Short answer
Rightsizing means reducing maintenance without unnecessarily giving up ownership, control, location, or family equity. For many Toronto homeowners, a condo can be the bridge between the family house and future care needs.
Who this is for
Senior homeowners, adult children, family home sellers
The issues
Too much house, not low income, wants easier living
Why Rightsizing Is Different From Downsizing
Not about cheap housing; about maintenance, lifestyle, equity, and future flexibility.
Choosing the Right Condo
Building age, reserve fund, layout, elevators, fees, location, resale strength.
Sell First or Buy First
Bridge timing, market conditions, deposit, closing dates, contents, vacancy.
Family Equity Considerations
Buy vs rent, estate asset, ownership structure, future sale.
FAQ
Is rightsizing just downsizing?
No. Rightsizing focuses on fit, lifestyle, equity preservation, and future planning, not only smaller size.
Should seniors buy the condo before selling the house?
It depends on financing, risk tolerance, market conditions, and bridge options.
What Toronto condo areas work for seniors?
Often areas near family, doctors, transit, familiar amenities, and walkable services.
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Plan a Rightsizing Strategy Call
Shen Walji is a Toronto SRES® specialist with 10+ years in real estate and 25+ years as a property investor. He works with seniors and their families to make the downsizing process clear, calm, and well-executed.
This page is for informational purposes only and does not constitute legal, financial, or tax advice. Consult a qualified lawyer and accountant before making decisions related to the sale of a property.
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