Real Estate

16 Mile Creek by Primont in Milton

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  • May 22nd, 2021 3:36 am
[OP]
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16 Mile Creek by Primont in Milton

I heard they've just released phase 2.

Does anyone have the price list for their townhouses? I'm looking specifically at the urban towns for investment purposes.

How good is this builder?
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[OP]
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oasis100 wrote: fairly accurate to a point. may not be most recent. builders pay to be in buzz buzz.
Phase 2 is the most recent with sales starting this spring, so I'm assuming these prices should be pretty recent...
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dc200 wrote: Phase 2 is the most recent with sales starting this spring, so I'm assuming these prices should be pretty recent...
yes, but problem is builders are changing prices day to day.
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[OP]
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oasis100 wrote: yes, but problem is builders are changing prices day to day.
Their urban towns are already priced too high as it is.

Good luck to them if they want to bump the price any higher than 889k.
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Feb 9, 2009
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You will not cash flow on this after expenses and property taxes. Also take into account higher rates coming in the next few years.
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Oct 21, 2006
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Their plans are fugly!!! regardless of lot size
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Oct 21, 2006
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Sanyo wrote: You will not cash flow on this after expenses and property taxes. Also take into account higher rates coming in the next few years.
that's the going rate for a Milton townhome
OP may not have cash flow, but will have capital gain as prices are going up up up
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Feb 29, 2008
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Townhouses have really taken off in the last few years.
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Apr 20, 2016
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The rental market in Milton is pretty strong. Spillover from Oakville and Burlington makes Milton a decent investment.
dc200 wrote: I heard they've just released phase 2.

Does anyone have the price list for their townhouses? I'm looking specifically at the urban towns for investment purposes.

How good is this builder?
[OP]
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I'm curious... how do builders price their homes?

Do they have appraisers working with them? Do they estimate how much it would be worth at closing time given whatever trajectory the market is currently following?

Side note... I'm not counting on being cash flow positive, but I am after capital gain through appreciation. I'd likely hold on to it for at least 7-8 years.
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Apr 20, 2016
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Depending on what you buy you might be cash flow neutral in Milton. I have experience with rentals in Oakville and Milton.....lots of demand, good tenant profile etc. Many immigrants moving to Halton so yeah you should see some good appreciation over your timeframe.

My high level understanding of how builders price:

- cost for the lot (either their own or paid developer)
- negotiated rates with subtrades to build
- soft costs (i.e. financing, carrying costs etc)
- profit margin (probably not as high as you think)

dc200 wrote: I'm curious... how do builders price their homes?

Do they have appraisers working with them? Do they estimate how much it would be worth at closing time given whatever trajectory the market is currently following?

Side note... I'm not counting on being cash flow positive, but I am after capital gain through appreciation. I'd likely hold on to it for at least 7-8 years.
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vprime77 wrote: Depending on what you buy you might be cash flow neutral in Milton. I have experience with rentals in Oakville and Milton.....lots of demand, good tenant profile etc. Many immigrants moving to Halton so yeah you should see some good appreciation over your timeframe.

My high level understanding of how builders price:

- cost for the lot (either their own or paid developer)
- negotiated rates with subtrades to build
- soft costs (i.e. financing, carrying costs etc)
- profit margin (probably not as high as you think)
Thanks for your input.

I'm likely going to buy one of their 3 bedroom freehold urban towns starting at 889k. Hopefully they're not sold out.

Assuming I should see some pretty good appreciation for that over my 7-8 year timeframe.
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Apr 20, 2016
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Looks like they just released some more lots.
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Jun 23, 2017
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vprime77 wrote: Looks like they just released some more lots.
Two storey towns start for around $1.03m and that too for over 1300 sq ft. Man Milton is just going crazy!

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