Short Term Rental vs. Condos for Rent in Mississauga, Ontario

Condos for Rent in Mississauga, Ontario | City Gate Suites

Finding accommodation can be a daunting task, especially when you are pressed to do it because of ever-changing circumstances. Whether it be for medical reasons, displacement due to home renovation or relocation after getting your dream job, you need a place that suits your needs. When you are looking for short-term rentals or condos for rent in Mississauga, Ontario, you will need to think about amenities, transport accessibility, and other important facets. What’s the difference? How much more beneficial is one compared to the other? Here are some key factors to evaluate when figuring out which option is best for you.

Amenities and Luxuries

When you are considering condos for rent in Mississauga, Ontario, you you might be looking for state-of-the-art amenities. Whether it’s a gym, party room, theatre room, or even a swimming pool, many condos are known to have a variety of high-quality services at their disposal. Plus, they are often near transit. Chances are you can have your way with MiWay – Mississauga’s transit system – if you rent condos in the area.

Short-term rentals often offer the same amenities that condos offer. If you are on a quick business trip or staying longer for a contract job, some short-term rentals have desks, workstations, and printers to help you get your work done. Plus, these rentals are popular for business people in Mississauga given its proximity to Pearson International Airport and various Fortune 500 company headquarters nearby. Many short-term rentals offer the same luxury amenities you can find in the top condo buildings today as well.

Which is more flexible?

Short-term rentals and condos are in high demand in Mississauga due to a lack of modern hotels in the city. Both allow maximum convenience for your benefit. City Gate Suites short-term rentals provide more flexibility as they are available on a weekly or monthly basis. For instance, if you need somewhere to stay while your home is getting refurbished and need something on the fly that feels like home, short-term rentals will suit you more. You also won’t have to worry about long lease agreements required with condos.

What are the costs to consider?

While short-term rentals may not require a long-term commitment from you, these commitments could come at a cost. Due to the fast turnaround in occupancy, landlords must invest more time in these rentals and therefore, will charge more rent. This includes maintenance fees, cleaning fees, furnishing and any other cost associated with a short-term lease.

However, this doesn’t necessarily mean it is more expensive than a condo rental. In fact, any condo tenant must pay enough rent to cover taxes, insurance as well as condo association fees. It all depends on how long you’re planning to stay, your budget, and what kind of space and amenities you require.

Short-term and condo rentals both have their benefits and pitfalls. But, depending on what you’re comfortable with, they can each give you that home away from home feeling.

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