Real Estate

GTA-Buying a detach opposite to a proposed new development

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  • Jul 20th, 2021 4:24 pm
[OP]
Sr. Member
Dec 28, 2010
915 posts
403 upvotes
Toronto

GTA-Buying a detach opposite to a proposed new development

Looked at a detach today around Halton region, for self use, family with kids. But noticed an empty lot right opposite to it, with an amendment signage of proposed low rise of 150units.
It's a cul-de-sac, so was happy that we will get more , pie shaped lot, parking etc..
Any thoughts on this ? Pros and cons?
There are low rise townhouses recently built in the vicinity. But, this development will be right opposite to the listed house + couple of houses next door.
6 replies
Deal Addict
Jun 18, 2020
3153 posts
3861 upvotes
I could live with a lot of things across the street. School, store, church, play structure, splash pad, skate park, dog park, soccer pitch,

And even a low rise. But that seems like a lot of units.

This to me is a pass. Like fire stn, gas stn, subway stn, fast food place, bar...even I have limits.
[OP]
Sr. Member
Dec 28, 2010
915 posts
403 upvotes
Toronto
Looks the area is rapidly changing, nearby retail plaza also has a proposed redevelopment notice. Most of these buildings are 40-50+yr old and some older.
We like the area , but not sure if the low rise units will hamper the living style or actually affect anything et all. The only place to relate to is downtown where this is pretty common..i.e row of houses facing a low rise or newer stacked downs.
Deal Fanatic
User avatar
Sep 8, 2007
9761 posts
11897 upvotes
Way Out of GTA
If it is a concern to you now, it’s possible it might be more of a concern to you later when it’s actually there.

Perhaps evaluate other homes then.
[OP]
Sr. Member
Dec 28, 2010
915 posts
403 upvotes
Toronto
cartfan123 wrote: If it is a concern to you now, it’s possible it might be more of a concern to you later when it’s actually there.

Perhaps evaluate other homes then.
Still trying to evaluate if this will be bothersome.
The price for the lot seems good. Checked the city planning documents the enterance to the building will from other side. So house will facing a Wall enclosure around the building, with a row of open guest parkings on other side.
Much like the houses on service road along Highway wall. It's also end of street so seems it will be a nice private cul-de-sac type, except no houses in front and no exit on the street.
Thinking of concerns, would be garbage making its way to this side , maybe , maybe not. Blocking natural light due to the build. But it's not high rise.
Noise should not be much as the party area and pool will be on other side.
Deal Addict
Oct 13, 2014
2775 posts
2082 upvotes
Just Moved To Somewh…
buysellbuy wrote: New construction: make sure to consider below which is very costly:

1. Additional HST with tax deduction for personal use
2. Utility fees that are additional at closing
3. Developer might increase price before completion and force you to pay or cancel contract.
4. Developer can change the design to make the house less appealing but charge the same.
5. Delay in construction.

New build contracts are very one sided favouring the developer.
None of the above!!!
OP is buying a detached home, a resell.
#1 - “Don’t irritate old people. The older they get, the less “Life in prison” is a deterrent."
#2 - Are you a Sexual Intellect? /S - What you post in this thread may determine that.
Deal Addict
Mar 10, 2014
3430 posts
3699 upvotes
It really depends on the area of whether it is in demand. It makes no sense that they are mixing house types in a cul-de-sac in Halton region. Low rise buildings are usually situated on a main road and not in a cul-de-sac. I can see this in midtown Toronto where demand is high due to lack of space. Given that many units, you will have more traffic and possibly owners with pets which will do their business on your lawn, etc.

You should list the pros and cons from your specific needs and wants.

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