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  #1  
Old 2020-07-30, 08:56 AM
Alpha Alpha is offline
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Default Is Lot premium worth it?

The premium for an oversized pie shape lot backing onto the park and pond is around $125,000. It's lot #9128 in Half Moon Bay West Phase 9. The 43' house price is between 720K to 760K.

Is it worth it?
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Old 2020-07-30, 09:55 AM
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xdarrylx xdarrylx is offline
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Mattamy's dimensions are incorrect for that lot...they slapped on 88.58' but I suspect it is longer given the pie shape. That said, we paid a premium for our deep lot and land only appreciates in value so if you can afford it, I'd say it's a good investment. We also negotiated our premium so you may want to try that since there is a very small pocket of people willing to pay that amount extra.

Good luck!
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Old 2020-07-30, 11:56 AM
Alpha Alpha is offline
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Quote:
Originally Posted by xdarrylx View Post
Mattamy's dimensions are incorrect for that lot...they slapped on 88.58' but I suspect it is longer given the pie shape. That said, we paid a premium for our deep lot and land only appreciates in value so if you can afford it, I'd say it's a good investment. We also negotiated our premium so you may want to try that since there is a very small pocket of people willing to pay that amount extra.

Good luck!
Thanks for the advice. The lot is gone
No negotiation
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Old 2020-07-30, 12:01 PM
Halton Home Inspector Halton Home Inspector is offline
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That's a shame. While that is one hell of a high premium I would also say it is worth it. When it comes to these types of developments there is nothing better than a large lot backing onto a pond.
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Old 2020-07-31, 01:40 PM
homers homers is offline
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Its ultimately up to you. If you are trying to flip it in a couple of years, then I would say no its not. It might give you an edge over someone else however, someone else with $125k worth of upgrades (potentially a finished basement) will get a better return then the upgraded lot premium. It is just my opinion however. The lot looks very nice.
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Old 2020-07-31, 11:03 PM
gr8day gr8day is offline
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Think what use you will have to this large lot. Are you planning to put a pool? Be prepared to have to spend a lot of time maintaining the garden. If you're into gardening it can be nice, but if you don't have the green thumb and not much time, you should reconsider. Talking from experience
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