Quote:
Originally Posted by craftbeerdad
- Interesting, mid-$300s, seems decent in the current market
- Using the top ten condo sales/sqft metrics in the last six months (as per condos.ca), we can use top & bottom for extremes and number 5 for average
Using a hypothetical 500sqft (bachelor let's call it)
lowest
500sqft x $625/sqft = $312,500
average
500sqft x $692/sqft = $346,000
highest
500sqft x $914/sqft = $457,000
- Seems closer to average, but would that include parking and storage at that cost? Seems low
- Don't think Lamb would scale to the lower side. Anyways just some scratch math
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This'll probably sell in the $800's/ft, not $625. Resale is always much cheaper than new construction.
Lamb also specializes in investor units, so the smallest unit will probably be something like a 400sf bachelor for $350,000. Parking probably won't even be offered on that unit, with locker an extra $5-10k.
This building IIRC has a fairly low parking ratio so the majority of units won't have a space.