Apartment condo vs townhouse on limited budget
Hi! I'm almost 30 and currently paying about $1800 in rent in downtown Calgary for a 1 bed. I am considering buying either an apartment style condo in inner city or a townhouse far from inner city. My budget is $260-270k ideally which should get me to $1900-$2000 with mortgage+condo fee+property taxes. This does not account for any unexpected expenses of the condo. My hope is to live in it for 7-10 years and hopefully eventually upgrade once I have enough principal on it even if the property doesn’t appreciate significantly.
So far from what I have read and heard people always suggest going for a townhouse. However, I feel like if there are certain advantages of apartment style buildings in Calgary like underground parking (no snow cleaning), security and some amenities. Would love to hear thoughts of everyone who have purchased either of the two on a limited budget. The condo inventory is really high at the moment with much more supply than demand. The search definitely feels very overwhelming.