Lease it another year would be my advice based on the very limited information you have provided.
There is solid demand for rental housing, and while single family, row house and town house prices are rebounding well, there is still an over supply of condos unless they are very updated and move in ready.
I think you will be much closer to breaking even in 12 months, perhaps even looking at a few pennies left after a sale.
I certainly don't think you will be farther behind.
I would also suggest you try and get your condo board to loosen up on the fines and work towards a policy that allows for situations like yours to be within the rules.... more