slickpete83
Active Member
looks like the official project name will be Humberwood Heights townhome residences , registration is now open on their website
www.myhumberwood.ca
www.myhumberwood.ca
update Feb 3 2021View attachment 297993View attachment 297994View attachment 297995
dam $952k for a freehold townhouse with 1 car garage ,tiny driveway & tiny backyard & no way to really reno a separate entrance basement appartment !!
To think, if you were willing to live in Laurel, Mississippi........
You could get this 5,000ft2+ home on 3 acres of land, for about 40% less.
1437 Wansley Rd, Laurel, MS 39440 | MLS #124171 | Zillow
For sale: $575,000. MANY RECENT IMPROVEMENTS MADE! Beautiful custom home sitting on hilltop with in-ground, salt-water pool, & triple garage. The 3-acre lot in a terrific neighborhood provides privacy & view of deer & wildlife. The circular drive invites guests to a grand entry & luxurious...www.zillow.com
so homes in that area humberwood , have increased annually 6.5% in the last 19 years
so following that average that means that $952k freehold townhouse will be $3.2 million in the next 20 years hahaha... , can you even imagine that...
I was browsing Chicago prices last summer, so I don't know what the figures are like today, but: multiple downtown units (1,000-1,500 sq.ft. lofts with 15-20 ft. ceilings) inside the Loop were going for well under 500k (yes, USD, but their salaries are also USD).
And 2,000+ sq.ft. McMansions in Evanston and slightly north in the upper middle class suburbs 10 min drive from a Metra station were also going for well under 500k.
Meanwhile, our downtown and even mid/uptown prices are approaching/at Manhattan levels. It's ridic.
The only caveat I could see was that their property taxes are 2-3x ours. However, as best as I could tell, that would only be an extra 10-15 grand a year for a McMansion. It would be well worth it in my opinion if the sticker price is 50-150% lower (and correspondingly lower monthly mortgage payment).
To think, if you were willing to live in Laurel, Mississippi........
You could get this 5,000ft2+ home on 3 acres of land, for about 40% less.
1437 Wansley Rd, Laurel, MS 39440 | MLS #124171 | Zillow
For sale: $575,000. MANY RECENT IMPROVEMENTS MADE! Beautiful custom home sitting on hilltop with in-ground, salt-water pool, & triple garage. The 3-acre lot in a terrific neighborhood provides privacy & view of deer & wildlife. The circular drive invites guests to a grand entry & luxurious...www.zillow.com