Parking is one of the most practical — and most commonly overlooked — details buyers ask about only after they've already fallen in love with a floorplan. Here's what to actually confirm before you commit at SkyTower.
Parking Isn't Guaranteed With Every Unit
At most major downtown towers, including large-scale developments like One Yonge Street, parking is typically sold separately or bundled only with specific unit types rather than included automatically with every purchase. Confirm directly whether your specific unit includes a parking spot, and if not, what purchasing one separately would cost and whether availability is still open at your stage of the sales process.
Why This Matters More at a Building This Scale
With SkyTower's residential unit count numbering in the hundreds, parking supply relative to total units is a genuine constraint at any large downtown tower — the ratio of parking spots to units is typically well below 1:1 at buildings of this scale in the downtown core, reflecting both cost and the building's transit-oriented location. If having your own dedicated spot matters to you, don't leave this decision until late in the buying process.
EV Charging: What to Confirm
As EV adoption continues to grow, EV charging infrastructure has become a genuine differentiator between buildings, not just a nice-to-have. Before you buy:
Ask whether charging infrastructure is built into standard parking spots or requires a separate installation. Some newer buildings pre-wire a portion of spots for EV charging; others require owners to arrange and pay for their own installation.
Understand the cost structure. Whether charging costs are billed to your unit directly or shared through maintenance fees varies by building — this affects your real ongoing cost of EV ownership in the building.
Confirm current availability if EV charging matters to you specifically. Pre-wired EV spots are often limited in number even in newer buildings, and demand for them can outpace supply as more residents move to electric vehicles.
What This Means If You Don't Drive
If you don't own a car, skipping a parking spot purchase is a straightforward way to reduce your total purchase price — particularly relevant given SkyTower's PATH and transit-oriented location, which is genuinely designed to reduce reliance on a personal vehicle for most daily needs.
What This Means for Investors
Parking availability affects your unit's appeal to a broader range of tenants — some renters specifically require parking, while others (particularly younger professionals working downtown) may not need it at all. Understanding your target tenant profile helps determine whether paying extra for a parking spot is a worthwhile investment in your specific unit's rentability.
The Bottom Line
Parking and EV charging details are easy to treat as an afterthought during a floorplan-focused buying decision, but they carry real cost and lifestyle implications worth nailing down before you commit — especially at a building the scale of SkyTower, where parking supply is a genuine constraint.
Want current details on parking and EV charging availability for available SkyTower units? Register for pricing and floorplans and our team can confirm what's currently available.
Comments:
Post Your Comment: