Real Estate

New build: corner lot vs. backing onto greenspace?

  • Last Updated:
  • Dec 14th, 2020 1:40 am
Tags:
[OP]
Deal Addict
User avatar
Feb 4, 2015
1220 posts
804 upvotes

New build: corner lot vs. backing onto greenspace?

We are considering a new construction for a detached home and we have the option of going with either a corner lot or a lot backing onto greenspace!

The build will have same Sq. Ft. for either lots, but the corner lot (land size) is about 4 meters larger. Also, only $2k price difference (corner pricier).

This is our first home experience so we appreciate your inputs and preference!
42 replies
Sr. Member
Jun 21, 2006
816 posts
421 upvotes
best to post a diagram of the layout as there could be so many variables
Deal Addict
User avatar
Mar 30, 2004
3935 posts
1181 upvotes
Durham Region
How long will that green space remain before being redeveloped?
Deal Addict
May 23, 2017
1307 posts
1224 upvotes
I personally dislike corner lots and would love to have no rear neighbours so I would definitely go for the one backing onto greenspace. Surprised that option is not more expensive, here the lot premiums are like 50k minimum for these types of lots.

But poster above makes a good point, is the greenspace going to get developed in the future?
Member
Oct 21, 2013
294 posts
146 upvotes
waterloo, on
Greenspace has a higher advantage over corner lot.

Corner lots comes with a lot of space that only adds more maintanence i.e. Grass cutting and snow removal. Some people dont like corner lots for this very reason.

Green space comes with privacy which many people prefer. So i would choose greenspace over corner. Resale is also higher.

But make sure this is a permanent greenspace and not a futire residential kind of thing.
Serving Kitchener/Waterloo/Guelph/London/Hamilton/Niagara and surrounding areas
Sr. Member
Dec 28, 2010
707 posts
296 upvotes
Toronto
Lot backing to greenspace or ravine.
Sr. Member
Dec 5, 2009
531 posts
539 upvotes
Depends on the greenspace... what type of greenspace is it? Whats growing in it? Greenspaces can come with lots of creepy crawlers. Is there potential for redevelopment?
Deal Fanatic
Mar 27, 2004
5373 posts
3275 upvotes
Toronto
avoid corner.
Full-time Realtor
Sr. Member
User avatar
May 10, 2008
607 posts
518 upvotes
Vancouver, BC
Where is this located? I would still choose corner lot vs green space for the extra parking spaces. In Vancouver, every other house has at least one rental unit so people are always fighting over street parking. It might be different in the boonies where the lots are big.
Deal Addict
Aug 28, 2014
2409 posts
585 upvotes
Toronto, ON
Definitely lot backing onto green space, a corner lot is not a positive. All the corners here in the suburbs go to shit because it's too much weeds to pull out, especially with the ontario pesticide ban. Also the 50-60 extra feet of sidewalk that you're legally responsible for shoveling and salting every winter. Could be lots more traffic if there's an intersection and an extra side of the house exposed with the maintenance that goes with it.
Deal Addict
Jan 29, 2010
1139 posts
1081 upvotes
Toronto
I have a corner and I like the extra sunshine from the side, it was the main reason me and my wife liked the house so much in the first place. I like the one less neighbour thing too. My 2 current neighbours are both nice so I don’t mind them but would prefer 1 less any day of the week regardless.

My corner is in a quiet street that doesn’t connect to other streets so only people living in the street comes through. Also I don’t have sidewalks so no maintenance on that front. There is extra lawn mowing but we are not perfectionists, so I mow it at a minimal rate and don’t care too much for the lawn and it’s not too bad/take too long (my trees, especially the one that grows in all directions, and bushes need more maintenance than the lawn IMO. You tend to get more trees and bushes with the extra corner lot space which is good and bad). Dogs do tend to like going through the corner lots so I had a dog poo problem at one time but I think the owners are more mindful in picking up after them now.

In conclusion, there are pros and cons. But I think the extra sunlight will always make reselling easier (for a quiet street and no sidewalks at least) . There is like double the sunlight coming in than other houses nearby.
Temp. Banned
Apr 29, 2010
569 posts
932 upvotes
GTA
Green space in back > extra front yard/sidewalk and one more side of windows
[OP]
Deal Addict
User avatar
Feb 4, 2015
1220 posts
804 upvotes
For the back greenspace, the builder informed us that it's governed by Environment Canada and cannot be developed.
Deal Fanatic
May 1, 2012
9830 posts
9474 upvotes
Markham
Greenspace, this isn't even comparable. Like comparing a shiny jewel encrused gold bar to real dog turd
Member
Nov 1, 2020
364 posts
182 upvotes
haha, i just purchased a corner lot precon. but that's because there is 80k cheaper in premiums comparing to the "back to park" lot. If everything else being equal in your case, i will go with green space too.

but i do want to point out that corner lot (quiet street perferablly ) is much more valuable than it was given the space between new buildings are soooo little.
Member
Mar 26, 2012
402 posts
258 upvotes
In general, backing onto greenspace trumps a corner lot. Most corner lots have the following disadvantages:
- it is noisy with people walking by if there are pedestrian walkways
- peoplel might walk across your front lawn
- there is a side lawn u need to mow, that u generally dont see or use
- there may be a neighborhood mail box on your side lawn
- annoying car lights shine into your front living room in the evenings
Member
Nov 12, 2019
345 posts
541 upvotes
MikeMOON2 wrote: haha, i just purchased a corner lot precon. but that's because there is 80k cheaper in premiums comparing to the "back to park" lot. If everything else being equal in your case, i will go with green space too.

but i do want to point out that corner lot (quiet street perferablly ) is much more valuable than it was given the space between new buildings are soooo little.
Did you pay a premium for the corner lot? If so, how much was it?
Member
Nov 1, 2020
364 posts
182 upvotes
RaC1550 wrote: Did you pay a premium for the corner lot? If so, how much was it?
you will be surprised... corner premium for quality builders now are 20k-30k which was just around 5k years ago.

they explained similar reason i mentioned above relatively more valuable for squeezed space in nowadays market. mine is on a quite street tho, but seems like those on the four way corner next to major street are charged the same.
Member
Nov 12, 2019
345 posts
541 upvotes
MikeMOON2 wrote: you will be surprised... corner premium for quality builders now are 20k-30k which was just around 5k years ago.

they explained similar reason i mentioned above relatively more valuable for squeezed space in nowadays market. mine is on a quite street tho, but seems like those on the four way corner next to major street are charged the same.
I think that makes sense actually. Ultimately the price is determined by supply and demand. Even though a lot of people don't like corner lots due to some aforementioned factors (like those who commented here), but corner lots have other advantages like those that you stated and there are also much fewer corner lots available per street than non-corner lots. So, the ratio of people preferring corner lots (somewhat less) and the number of corner lots available (much less) will result in a price premium.

Top