I get asked by readers and commenters how my rent can be so cheap living in the City (aka Toronto).
- I live in a basement apartment, and I share it with one other roommate.
- My apartment is located on the outskirts of the City.
- I ‘m renting this apartment through a family friend.
- It takes me about an hour of public transportation to get downtown.
- I live about 7km from work. Enough said.
I hope that kind of explains why my rent is so cheap. I am by no means living a lavish lifestyle in the City, and only paying $315 in rent – though that would be nice. I know I am getting a great deal. Though if I didn’t have this friend connection, I’d be paying closer to $375 – $450 a month.
What my Rent Includes
I’m really lucky that my rent includes everything that I need:
- Internet (it’s slow, and combined we only have 2GB!)
- Hydro and all utilities
- Washing machine & dryer
When I first moved in, my landlord and landlady did not have or use a dryer, so I got a little drying rack and hung everything out to dry. In the winter, I hang things in the furnace room (I know, it could be a fire hazard, but it dries in nickity split!), and in the summer, I dry things outdoors (love the smell of sunshine). After my room mate moved in, we got a dryer to share, though I don’t usually use it.
Why I Live Here
I would like to own my home one day, but I’m not sure when that is. When I do buy my own home, I’d like to be able to put as big a down payment as possible. Also, I’m not ready for the responsibilities of home owner ship at the moment. There are also other priorities, such as possible further education and living a more carefree life.
I also don’t spend a lot of time at home, so for now, my home is mainly a place to sleep, unwind, and cook. Right now, it serves it’s purpose, and I get to save my money for the future.
I hope that explains my rent and why I choose to live there. It’s nothing fancy, and I don’t plan to stay here forever, but I think it’s the perfect option right now.
How about you? Why do you choose to live where you live?