Great Gulf Arbor Peaks Investment Property!!

Apr 12th, 2016 2:02 pm

#1

milton75 [OP]: Newbie; Oct 1, 2015; 71 posts; 1 upvote; Milton, ON

Apr 12th, 2016 2:02 pm

Great Gulf Arbor Peaks Investment Property!!

Great Gulf is offering a new release very soon in Milton, closing Dec 2017-May 2018. We are considering to buy an inverstment/rental house. We are not sure to buy town house or a semi- Please advice what is the best option the town home end unit or a detached.

21' TOWNHOMES

PRICED FROM
MT-1 THE CLARKE A - 1,505 $499,990
B - 1,510
MT-2 THE BRONTE A - 1,630 $509,990
B - 1,630
MT-3 THE LAIDLAW A - 1,750 $522,990
B - 1,755
MT-4 THE THOMPSON A - 1,935 $542,990
B - 1,940
MT-5 THE MAPLE A - 2,000 END $567,990
B - 2,005
DEPOSIT REQUIRED:
$10,000 WITH OFFER
$10,000 IN 30 DAYS
$10,000 IN 90 DAYS
$15,000 IN 180 DAYS
------------------------------
$45,000 TOTAL DEPOSIT

MGS1 THE BENNETT A - 1,615 $569,990
B - 1,615
C - 1,625
D - 1,625
MGS2 THE DEMPSEY A - 1,755 $584,990
B - 1,755
C - 1,765
D - 1,765
MGS3 THE KNIGHT A - 1,915 $599,990
B - 1,915
C - 1,915
D - 1,915
MGS4 THE MOORELAND A - 2,000 $619,990
B - 2,000
C - 2,010
D - 2,010
MGS5 THE OAKVIEW A - 2,110 $629,990
B - 2,110
C - 2,120
D - 2,120
MGS6 THE SCOTT A - 2,185 $634,990
FLOORPLAN COMING SOON B - 1,920
C - 2,180
D - 1,920
DEPOSIT REQUIRED:
$15,000 WITH OFFER
$15,000 IN 30 DAYS
$10,000 IN 90 DAYS
$10,000 IN 180 DAYS
------------------------------
$50,000 TOTAL DEPOSIT

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Apr 12th, 2016 2:44 pm

#2

Anikiri: Deal Guru; May 1, 2012; 10014 posts; 9724 upvotes; Markham

Apr 12th, 2016 2:44 pm

Wow these are townhouse prices for Milton?

I guess it's still fairly affordable, but wow... this kinda prices to live in Milton.

Thanks OP.

Apr 17th, 2016 8:36 pm

#3

zsj495: Member; Jan 15, 2013; 390 posts; 267 upvotes

Apr 17th, 2016 8:36 pm

I wonder if they will raise prices when open to the public next week. These were VIP pricing. FYI they sold out of the houses they released this weekend (around 70). New lots will be released next week. No idea how many.

Apr 21st, 2016 8:32 am

#4

zac3ne2nr: Jr. Member; Dec 31, 2009; 151 posts; 270 upvotes; town fmrly known as …

Apr 21st, 2016 8:32 am

I think this is what they're getting at when they told me this week- pricing subject to change.
I tried to get into the VIP weekend, even went there but without your name being on the list, you were not getting it. The sad thing is most the people people there were agents looking for the flip.
We're hopign to make one of these our first home so will probably be camping out. sigh.

Apr 21st, 2016 4:59 pm

#5

vprime77: Jr. Member; Apr 20, 2016; 123 posts; 86 upvotes

Apr 21st, 2016 4:59 pm

They have just sent out an email with details about the release this weekend. Only a few lots, mostly detached...only 6 towns.

Apr 21st, 2016 9:58 pm

#6

zsj495: Member; Jan 15, 2013; 390 posts; 267 upvotes

Apr 21st, 2016 9:58 pm

Prices went up on most houses. Smallest Town still has the same price but everything else went up anywhere from $2K to around $15K. Highest increase is on the detached.

Apr 22nd, 2016 9:30 am

#7

vprime77: Jr. Member; Apr 20, 2016; 123 posts; 86 upvotes

Apr 22nd, 2016 9:30 am

Given the demand and limited lots I would have expected higher increases...$2k - $15k isn't bad.

Aug 8th, 2016 11:04 am

#8

jamieee: Sr. Member; Dec 19, 2010; 801 posts; 260 upvotes; Toronto, Ontario

Aug 8th, 2016 11:04 am

anyone have any info or pricing on the next release of detached homes?

Aug 11th, 2016 11:22 am

#9

Flyingz: Member; Dec 29, 2005; 473 posts; 8 upvotes

Aug 11th, 2016 11:22 am

I believe they are releasing them few houses at a time, you will need to call in to see when their next batch of 3-5 homes will release, i believe they release them weekly

Aug 18th, 2016 10:26 pm

#10

zsj495: Member; Jan 15, 2013; 390 posts; 267 upvotes

Aug 18th, 2016 10:26 pm

I called today. No lots available and they said they are releasing a few houses every week or two but mainly towns. Prices have gone up quite a bit. For example, I asked how much the Thompson was last release (1940 sq ft inside unit town) and it was $626K so up by about $80K. Detached went up around $80K as well.

Oct 3rd, 2016 10:37 am

#11

jamieee: Sr. Member; Dec 19, 2010; 801 posts; 260 upvotes; Toronto, Ontario

Oct 3rd, 2016 10:37 am

anyone know when the next release will be?

Oct 4th, 2016 12:05 am

#12

zsj495: Member; Jan 15, 2013; 390 posts; 267 upvotes

Oct 4th, 2016 12:05 am

They are releasing back to back towns in a few weeks. Phase one for detached and traditional towns are sold out. Phase 2 detached will be released early next year and the 2 storey towns a year away. I called today and this is what they said.

Jan 6th, 2017 8:43 pm

#13

zsj495: Member; Jan 15, 2013; 390 posts; 267 upvotes

Jan 6th, 2017 8:43 pm

Not Great Gulf but Mattamy has a release in Milton this weekend and prices are roughly 25% more than what Great Gulf was in April 2016 (9 months ago). IMO Great Gulf is a much better builder as well.

Jan 9th, 2017 10:24 am

#14

kwanman: Member; Oct 11, 2007; 324 posts; 58 upvotes; Toronto

Jan 9th, 2017 10:24 am

Anyone go to the Mattamy release last Saturday?

Jan 9th, 2017 1:49 pm

#15

jamieee: Sr. Member; Dec 19, 2010; 801 posts; 260 upvotes; Toronto, Ontario

Jan 9th, 2017 1:49 pm

kwanman wrote: ↑ Anyone go to the Mattamy release last Saturday?

i did not, but man have their prices sky rocketed in the past 2 years.
was waiting for great gulfs next release but if they are anything like mattamys increases i'd expect their 36' lot detached homes to be $900k+

Jan 9th, 2017 2:10 pm

#16

marcopolo85: Deal Addict; May 10, 2006; 2725 posts; 101 upvotes

Jan 9th, 2017 2:10 pm

I didnt go but from what Ive heard from friends that did go, there was a huge line for 30 lots.
30' lots start at 722k for 1517sqft
36' lots start at 853k for 1950sqft

Jan 9th, 2017 4:00 pm

#17

jamieee: Sr. Member; Dec 19, 2010; 801 posts; 260 upvotes; Toronto, Ontario

Jan 9th, 2017 4:00 pm

marcopolo85 wrote: ↑ I didnt go but from what Ive heard from friends that did go, there was a huge line for 30 lots.
30' lots start at 722k for 1517sqft
36' lots start at 853k for 1950sqft

unreal. prices have increased about 60% in the past 2 years.

Jan 9th, 2017 6:34 pm

#18

marcopolo85: Deal Addict; May 10, 2006; 2725 posts; 101 upvotes

Jan 9th, 2017 6:34 pm

jamieee wrote: ↑ unreal. prices have increased about 60% in the past 2 years.

Milton is coming to the point where its getting close to Oakville prices. I dont think we will be seeing crazy year over year increases for much longer.

Jan 9th, 2017 7:51 pm

#19

beerbaron105: Deal Addict; May 3, 2006; 2505 posts; 40 upvotes; Milton

Jan 9th, 2017 7:51 pm

marcopolo85 wrote: ↑ Milton is coming to the point where its getting close to Oakville prices. I dont think we will be seeing crazy year over year increases for much longer.

I've heard that since I bought my first house in 2007 in Milton. I was called crazy for spending $210k on a Town back then..... lol

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Jan 9th, 2017 9:29 pm

#20

Sanyo: Deal Guru; Feb 9, 2009; 11389 posts; 9877 upvotes

Jan 9th, 2017 9:29 pm

Alot of Arab money coming into Milton...