Top 5 affordable pre-con townhouse projects in the GTA
As the Greater Toronto Area continues to pursue new home construction to address supply issues, there are so many new home projects available to buyers.
RE/MAX Team Paliwal understands that it can be quite overwhelming, so in this article we will explore the 5 most affordable townhouse projects in the GTA. These particular projects have prices starting at $479,900 and feature both townhomes and stacked townhouses.
Let’s first get a quick glimpse of where these projects are on the map, and some basic details about each project before we dive a little deeper into each site and what they have to offer.
| NAME | CITY | TYPE OF HOME | STARTING PRICE |
|---|---|---|---|
| Pioneer Park | Kitchener | Stacked Town | $479,900 |
| Creekside Trail | Cambridge | Stacked Town | $499,800 |
| Avon Park | Stratford | Townhouse | $589,990 |
| Vicinity West | Barrie | Townhouse | $617,990 |
| Empire Wyndfield | Brantford | Townhouse | $629,990 |
Important To Understand
Before we explore these projects, it’s important to understand the following:
- What is the difference between a townhouse and a stacked townhouse?
- What does free assignment mean?
- What are development charges?
What is the difference between a townhouse and a stacked townhouse?
Townhouse
A regular townhouse typically is a row house (meaning that it’s joined on either side by another property) and can typically be anywhere from 2 or 3 stories tall. Some townhouses have basements, while others do not.
Owning a townhouse means you have access to every floor of the home. Regular townhouses are also freehold properties, so there are no maintenance fees involved.
Stacked Townhouse
A stacked townhouse typically means you will be occupying one floor, as units are stacked on top of one another to make a townhouse. Think of it as 2 or 3 condo apartments stacked. You will have neighbours living above you, below you, or both if you are living in a middle unit. In a stacked townhouse, every unit owner will have a different entry point into their unit.
Living in a stacked townhouse will involve paying a monthly maintenance fee to the condo corporation. This fee usually pays for access to parking on the premises, general landscaping and repairs of the site, and may include certain utilities like water. Every condo corporation is different, so it’s important to understand the specifics of each project. Due to the smaller size of stacked townhouses, they tend to be more affordable than townhouses and make great starter homes for young couples or small families.
What does free assignment mean?
When a builder permits an assignment, you will be allowed to sell this property to someone else prior to closing. In reality, you’re not actually selling the unit since there is no physical property to sell. Instead, you’ll be assigning your contract to a new buyer who will assume all the terms and conditions of your agreement with the builder. In simple terms, they will take over your contract.
Some builders don’t allow assignments at all. Other builders will allow assignments, but there may be an assignment fee attached to the process. If the property you’re buying comes with a free assignment, it’s important to check the terms of the assignment by your lawyer. RE/MAX Team Paliwal is experienced in selling pre-construction properties and can also provide assistance.
What are development charges?
Part of your closing costs when purchasing brand new is the development charges. These are fees that are owed to the municipality, and will pay for things like:
- Infrastructure costs – Roads, sewage systems, water supply, street lighting, parks, and other public amenities.
- Utility connection fees – Hydro, water, gas, and other first-time connections.
- Government levies – Costs associated with the government approval of the property, including development charges, building permits, zoning, and land use approvals.
Development charges are often difficult to determine during the initial sale period, and will be more clear when it comes time to close. In some cases, development charges can become quite costly. As an incentive to buy, some builders will put a cap on the total a buyer will pay. It’s important to understand how much you will be paying in development charges!
Pioneer Park - Kitchener
This project is located at 854 Doon Village in Kitchener and features modern 3-storey stacked townhouses. Each unit features a balcony or a patio, and the kitchen comes with a quartz countertop.
Are there incentives to buy early? Yes!
- Air conditioning (limited offer with $5,000 value)
- Stainless steel appliances (limited offering with $10,000 value)
- Washer & Dryer
- Only 10% down until occupancy
- Free assignment
1 bedroom units start at $479,900
2 bedroom units start at $522,900
3 bedroom units start at $699,900
If you want to learn more about this project, or receive floor plans and pricing, click here and contact us!
Creekside Trail - Cambridge
This project is coming soon to Myers Road and Branchton Road in Cambridge and features 36 stacked townhomes designed to look like single homes. Buyers are able to purchase 1 storey as well as 2 storey units.
Are there incentives to buy early? Yes!
- Parking included
- No water heater rental
- Kitchen appliances included
- Up to $20,000 of upgrades included
- Concrete patio for lower units
- 10×10 foot deck for upper units
- No development charges
- $20,000 deposit structure
- Free assignment
- 1 bedroom units have 2 years of condo fees FREE
1 bedroom units start at $499,800
3 bedroom units start at $649,800
If you want to learn more about this project, or receive floor plans and pricing, click here and contact us!
Avon Park - Stratford
This project is located at 3025 Ontario Street in Stratford, and will feature both freehold townhouses and detached properties. The townhouses are all 3 bedroom, 2 bathroom properties and range from 1,300 square feet up to 1,793 square feet.
There are currently units available for quick closings, so make sure to contact RE/MAX Team Paliwal if you’re interested in moving into a property sooner.
Townhouses starting at $589,990
If you want to learn more about this project, or receive floor plans and pricing, click here and contact us!
Vicinity West - Barrie
This project is located at 620 Lockhart Road in Barrie, and will feature both freehold townhouses and detached properties. All the townhomes are freehold properties and have 3 bedrooms, ranging anywhere from 1,350 square feet to 2,234 square feet.
Are there incentives to buy early? Yes!
- $10,000 off the purchase price and $5,000 design studio credit
- Free assignment ($5,000 value)
- 9’ ceilings
- Stainless steel appliances
- Quartz countertops in kitchen and bathroom
- Hot water tank ownership
- Free Rogers internet for 1 year
Village Home Townhouses starting at $617,990
2 Storey Townhouses starting at $706,990
Dual Front Townhouses starting at $727,990If you want to learn more about this project, or receive floor plans and pricing, click here and contact us!
Empire Wyndfield - Brantford
This project is located on Anderson Road in Brantford, and features a number of beautiful 3 and 4 bedroom townhomes. You can purchase both 18’ freehold townhouses or 16’ condo townhomes, and there are a number of pre-built townhomes you can move into immediately.
The builder has provided RE/MAX Team Paliwal with a Hot List of the current inventory. If you are interested in seeing which units are still available, let us know!
Are there incentives to buy? Yes!
- $5,000 decor dollars
- $5,000 Leon’s voucher
- Appliance package
Townhouses starting at $629,990
If you want to learn more about this project, or receive floor plans and pricing, click here and contact us!
RE/MAX TEAM Paliwal is right for you
Buying a pre-construction property can be rewarding, but it has its challenges. It’s important to work with real estate professionals that specialize in new home builds.
RE/MAX Team Paliwal has extensive experience in selling pre-construction projects, and can advise you on the projects that would be the best fit for you!
Contact us to set up a free, no-obligation buyer meeting to help us better understand your needs.
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