Downsizing in London: what to buy next

Most London downsizers choose between a bungalow, for one-floor living with a yard, and a condo, for no exterior upkeep. Compare them on monthly cost, not just price: a condo fee replaces your own maintenance and some utilities, while a bungalow keeps the yard and the roof yours. Line up the purchase with the sale of your current home so you only move once.
A brick bungalow with an arched entry behind a wide green lawn

Should I buy a bungalow or a condo?

A bungalow keeps a private yard, a garage and room for family visits, and you control every repair. A condo apartment or condo townhouse trades that for a monthly fee that covers the building and grounds. Browse both: bungalows for sale in London and condos for sale in London.

What should I check before buying a condo?

The status certificate. The condo corporation must supply it within 10 days for up to $100, and your lawyer should review it. It shows:

  • the state of the reserve fund and the latest reserve fund study plan;
  • any special assessments, current or planned;
  • whether the unit owes any fees;
  • the declaration, by-laws and rules (pets, rentals, renovations).

Should I sell first or buy first?

Selling first removes the risk of carrying two homes, but you may need somewhere to stay. Buying first secures the next home, but you need a plan for the gap, such as bridge financing or a closing date well after your own sale. We weigh both with you when selling the family home to downsize, and it starts with what your home is worth today.

Questions and answers

What do condo fees cover?

It depends on the building. Fees typically fund the common elements, building insurance and the reserve fund, and some include heat, water or hydro. The status certificate and budget show exactly what yours pays for.

Are bungalows hard to find in London?

The supply changes through the day. Here is every bungalow for sale in London today, each with its asking price.

Can you help sell my house and buy the next one?

Yes. Most of our clients do both at once, and we coordinate the dates so you move once.

Where can I see bungalows outside the city?

Here is every bungalow, raised bungalow and bungaloft for sale across London and the towns around it. For the city alone, look at bungalows for sale in London.

Planning your next move?

We price your home and map out the timing before you commit to anything.