Boxgrove village

Aug 31st, 2017 4:34 pm

#1

MickeyDuck [OP]: Newbie; May 20, 2015; 68 posts; 262 upvotes; Richmond Hill, ON

Aug 31st, 2017 4:34 pm

Anyone knows why the prices are so high for this site? Builder Arista.
Location: Ninth line.
1600sqft townhomes starting from mid 1M which I'm assuming to mean $1.5M

Images

Aug 31st, 2017 4:48 pm

#2

sircheersa: Deal Guru; Feb 22, 2011; 13073 posts; 16674 upvotes; Toronto

Aug 31st, 2017 4:48 pm

Seems like all new builds are charging a premium these days. Probably has something to do with limited inventory of new construction. Only about 7000 as of last month when last year was 17,000 and 10 years ago was 28,000. There's a development in my city that is asking $800k for a 2 bedroom bungalow when you can buy a 4 bedroom , 2 story, 2 car garage house that is 15 years old across the street for $700k.

0

Aug 31st, 2017 6:20 pm

#3

cdndeal: Banned; Aug 10, 2017; 198 posts; 119 upvotes

Aug 31st, 2017 6:20 pm

Wow a mill and a half for a townie. $6000 a month for 25 years with a $300K down payment. For a townie.. DAMN. I paid 350-4 for my Ancaster townies.

Aug 31st, 2017 7:02 pm

#4

Guest37273939: Deal Addict; Jul 27, 2017; 2180 posts; 949 upvotes

Aug 31st, 2017 7:02 pm

I know the area well, Boxgrove is snobsville + it's Markham Ontario. Rural (so they say) golf course, parklands. I wouldn't if I could afford it

The once sleepy hollow that in rush hour traffic you'd think you were on a mini-400 series highway as well as on top of the 407 expressway

+1

Aug 31st, 2017 7:31 pm

#5

Lavaris: Member; Jun 15, 2017; 298 posts; 129 upvotes

Aug 31st, 2017 7:31 pm

Seems many builders are selling across GTA now.
Mattamy in milton, brampton, whitby, RH
Paradise in brampton
Arista in markham
Many more...
More than anyone i guess these builders would have an idea on when will market move...

Aug 31st, 2017 7:34 pm

#6

nabiul: Deal Addict; Aug 28, 2014; 2548 posts; 714 upvotes; Toronto, ON

Aug 31st, 2017 7:34 pm

Tons of immigrants with money to launder, some one has to take it all.

+3

Aug 31st, 2017 9:13 pm

#7

S52B: Member; Dec 17, 2009; 254 posts; 179 upvotes

Aug 31st, 2017 9:13 pm

Doesn't "mid $1 million" mean $1.05 million ($1,050,000)? Because at the bottom it said "high $1.7 million", which I assume to be $1,790,000 or something. Those prices seem more reasonable.

Aug 31st, 2017 9:14 pm

#8

Lavaris: Member; Jun 15, 2017; 298 posts; 129 upvotes

Aug 31st, 2017 9:14 pm

S52B wrote: ↑ Doesn't "mid $1 million" mean $1.05 million ($1,050,000)? Because at the bottom it said "high $1.7 million", which I assume to be $1,790,000 or something. Those prices seem more reasonable.

1.7 for live work i guess
1.05 for traditional town... same price in april

Sep 1st, 2017 10:09 am

#9

5starpix: Jr. Member; Aug 21, 2011; 173 posts; 31 upvotes; MONTR

Sep 1st, 2017 10:09 am

I used to live in Markham right by Box Grove Bypass, the builder was Arista. This was almost ten years ago - purchased for 475k at the time, and sold it two years ago for 805k. There is definitely a lot of foreign money in this area - one of the reasons for the bidding wars. This area has definitely gone up price, and frankly over priced now.

Took the money, and purchased a new 4-bedroom in Mississauga near Winston Churchill / Elbern Markle.

Sep 1st, 2017 11:09 am

#10

IndyBeak: Deal Addict; Sep 13, 2016; 3463 posts; 2238 upvotes; Mississauga

Sep 1st, 2017 11:09 am

Lol what is mid 1Mil and High 1.7 Mil.

Sep 1st, 2017 11:51 am

#11

Sam9876: Member; Mar 3, 2016; 389 posts; 250 upvotes

Sep 1st, 2017 11:51 am

I know the area. The only positive I see is that this development is between the two retail plazas in the area but then you have Hwy 407 as your direct neighbour on the back, something which they conveniently omit from the site plan. I wonder how's the noise level with a highway in your backyard. Also, access to hwy 401 from this area is always a nightmare with all traffic turning left on Ninth Line from the 2 lanes Steele Avenue there. Also, it's definitely not walking distance to Hwy 7 for access to VIVA. But then if you are spending >$1million on a townhouse, I don't think you would care about access to public transit. Much better value somewhere else for a townhouse.

+1

Sep 1st, 2017 1:41 pm

#12

Anikiri: Deal Guru; May 1, 2012; 10423 posts; 11100 upvotes; Toronto

Sep 1st, 2017 1:41 pm

Crappy area, don't buy this. It's no where near worth that much.

+1

Sep 2nd, 2017 10:43 pm

#13

fdl: Deal Fanatic; Dec 5, 2009; 5755 posts; 3589 upvotes

Sep 2nd, 2017 10:43 pm

IndyBeak wrote: ↑ Lol what is mid 1Mil and High 1.7 Mil.

I was wondering the same thing. These guys are out to lunch.

Sep 3rd, 2017 10:13 am

#14

EP32k2: Deal Expert; Jan 15, 2006; 19670 posts; 20102 upvotes; Richmond Hill

Sep 3rd, 2017 10:13 am

That is a crap area of markham. 407 noise isn't that bad as it isn't heavily used like other 400 series.

+3

Sep 3rd, 2017 3:55 pm

#15

oasis100: Deal Fanatic; Mar 27, 2004; 7976 posts; 5993 upvotes; Toronto

Sep 3rd, 2017 3:55 pm

Boxgrove is a crappy area of Markham.

Full-time Realtor

+2

Sep 3rd, 2017 9:42 pm

#16

DaMan12: Deal Addict; Jan 15, 2010; 1513 posts; 1868 upvotes; Toronto

Sep 3rd, 2017 9:42 pm

Honestly, how many people can really afford 1.5 mil for a townhouse in the far reaches of Markham? Wtf? There can't possibly be that many households making 300K.

Sep 4th, 2017 11:46 am

#17

CdnRealEstateGuy: Deal Guru; Feb 2, 2014; 10408 posts; 3044 upvotes; Toronto

Sep 4th, 2017 11:46 am

DaMan12 wrote: ↑ Honestly, how many people can really afford 1.5 mil for a townhouse in the far reaches of Markham? Wtf? There can't possibly be that many households making 300K.

Are you making the assumption that buyer's are putting 0% down?

On a $1M+ property, the minimum down payment is 20%. Most lenders have sliding scales, which means they will have to put even more than that down.

Kevin Somnauth, CFA
Principal Broker/Owner - First Toronto Mortgage - MA (Ontario #13176, BC #X301007)
Real Estate Salesperson - Century 21 Innovative

Sep 4th, 2017 4:25 pm

#18

UrbanPoet: Deal Expert; Jan 27, 2004; 50485 posts; 14811 upvotes; ONTARIO

Sep 4th, 2017 4:25 pm

DaMan12 wrote: ↑ Honestly, how many people can really afford 1.5 mil for a townhouse in the far reaches of Markham? Wtf? There can't possibly be that many households making 300K.

It could be people moving up.
Imagine youre some 45 year old guy. You started your family life 15 years ago when you were 30. You Bought detached house with your wife in markham Ontario.
Boom 15 years later your $350k house is now $800k.

Thats like a $700k "downpayment".
Those are probably the people who buy it... the ones already in. Or like you said... the filthy rich or people with really REALLY good jobs.

All my threads are upvote parties! All positive vibe post get upvotes.

Sep 4th, 2017 4:29 pm

#19

UrbanPoet: Deal Expert; Jan 27, 2004; 50485 posts; 14811 upvotes; ONTARIO

Sep 4th, 2017 4:29 pm

oasis100 wrote: ↑ Boxgrove is a crappy area of Markham.

Hey hey... they got a walmart, home depot, dollarama and a plaza near by. So the suburban dream there is fufilled!

But it really needs a costco and big community center nearby to keep the community happy.

But how's the library and schools?

All my threads are upvote parties! All positive vibe post get upvotes.

Sep 4th, 2017 5:07 pm

#20

licenced: Deal Fanatic; Jul 3, 2011; 6517 posts; 3788 upvotes; Thornhill

Sep 4th, 2017 5:07 pm

Why are you guys picking on Boxgrove?

It has some very nice and well built homes far better than most of Cornell, some pretty streets, fair amount of diversity, the best Walmart in Markham bar none. The best grocery in Markham east of Woodbine bar none, great access to the 404, is 7-20 minutes away from Home Depot, Costco, and Canadian tire all those places at Markham Rd and 14th Ave.

And I don't even live there but I'm there a lot and have clients in beautifully, well constructed Greenpark homes that cost a fair penny to buy these days.

Boxgrove village

Boxgrove village

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