Freehold Townhouses Ancaster
Freehold Townhouses Ancaster
An Exciting Investment Opportunity
Last year, we sold over a dozen townhouses at Losani’s Wildwood project, mainly as investment properties. The main reasons why our investors bought into this projects include: Top location (close to the Hamilton Airport, McMaster University, Redeemer University College, Hamilton Go and easy access with the complex being right off the Highway 403), Builder Reputation, Great Low Price, Affluent neighbourhood, Quality of Construction, Features & Finishes, Low Monthly Carrying Costs.
These are freehold townhouses that are located on the main street, in front of a sub-division which has many million-dollar homes. The townhouse complex is a part of a private sub-division with a common element private road. There is a small fee of about $52 per month being charged for snow removal and road maintenance.
Our clients who have bought these townhouses are very happy. And why not? The market value of these townhouses has appreciated by almost $80K within one year. They are also very satisfied with the overall quality of construction. Currently, we are assisting our clients in renting out some of these units. Only one freehold townhouse in Ancaster is available for sale with us at Losani’s Wildwood Ancaster project as an assignment sale opportunity. It is being assigned on a first-come-first-serve basis.
Why Buy a Brand New Freehold Townhouse in Ancaster?
Ancaster is considered to be an affluent bedroom community in Hamilton. Residents include professionals who work in downtown Hamilton, Brantford, Burlington, Oakville, Mississauga or Toronto. Ancaster community is set to become the next Oakville. It is developing into a great neighbourhood, pulling in rich demography. Ancaster is among the few upcoming towns and cities in Ontario that is catering to the demand from buyers who have been maxed out of buying a freehold property in Toronto and Mississauga area.
The price of this brand new townhouse in Ancaster currently sits at $460,000. If you are an investor looking to buy a townhouse as an investment property in Ancaster, you can expect a rent of $1,650 to $1,700 per month. Tenant pays all the utilities. Our investor clients can also make use of our a la Carte property management services, which is a service we provide exclusively to our landlord investor clients who buy a property with us.
A similar 2 BR with 2 or 2.5 WR townhouse in the resale market (as of Dec 2017) in Milton and Brampton sells in the price range of $550,000 and $625,000 price range in Oakville. We expect that the value of these properties to grow very fast in the coming years.
How much does it Cost to Buy this Brand New Ancaster Townhouse?
What are the other Buying Costs?
Apart from Down Payment & Land Transfer Tax, you can estimate the following closing costs:
- Lawyer Fee: $2000
- Builder Closing Costs: $5,000
- Upgrades: $5,000
- Tarion Warranty fee: $900
- Six Appliances: $6,000
- Air Conditioning Unit: $2,000
- Assignment Fee: $5,000
- HST New Builder Rebate (Investors to return this amount to the builder): $27,000*
*HST is included in the purchase price. However, investors will be required to give HST Rebate Portion back to the builder. Later, the investor will be able to claim back this amount of $27,000 as New Residential Rental Rebate from CRA when renting to a tenant for a minimum of 1 year, or more.
- E & O.E