Collingwood New Home Subdivision Tour Part 5: Mountaincroft
Today’s post has been contributed by Chris. Thanks Chris!
Mountaincroft subdivision by Grandview Homes is a community slated for 370 new homes, located at Poplar Sideroad and High Street, in southwest Collingwood. Lot widths are 35, 40, 45 and 50 feet and much of the subdivision will have long views west to Blue Mountain, while being only minutes south of our beautiful Georgian Bay.
Although the model home is still under construction at the site, it is expected to be finished in the next few weeks and their sales office was kind enough to provide us with a package of floorplans to tide us over until we can view the real thing.
The subdivision will be built out in 6 phases. Phase 1 includes 60 homes and we’re told it is currently a little over 50% sold with first occupancies slated for March of 2009.
The two-storey models range in size from the 1270 sq.ft. Georgian model, to the 3650 square foot Wendover model, with prices ranging from $224,990 to around $400,000 and up if you add upgrades.
For those who prefer bungalows, Grandview offers the 1350 sq.ft. Grange model at $258,990 or the 1412 sq.ft. Wickham model priced at $282,990. It’s good to note that with architectural controls in place, Grandview won’t build the same model within 2 lots of one another.
The basic prices quoted herein are from Mountaincroft’s preview price information flyer, and are subject to change, are exclusive of any upgrades or additions, and include the applicable G.S.T.
When asked what makes Grandview Homes unique, Jeff Davis over at the Collingwood sales office tells us that their point of difference is quality. “The baseboards are 5 ¼” and the window trim is 3”. The entire subdivision is detached single family dwellings- no towns or semi-detached. The houses are all brick or all “Maibec” – which is an all wood siding.
The principals are Randy and Linda Brown, who have been building Grandview Homes since 1999 in the Barrie area, with great success. Currently they have 2 subdivisions in Barrie and one in Innisfil on the go, in addition to Collingwood’s Mountaincroft. We did take a look at their TARION rating and note that they’ve only had 2 disputes in 1391 homes built so, that doesn’t appear too bad. We do note the company has been registered under a variety of names in the past which is not entirely unusual.
It’s too early to say how this project might turn out as it always comes down to quality. Certainly their designs, location and price points have proven to be popular with new home buyers so far.
Davis also noted that in addition to these features, they are currently offering a choice of upgrades: hardwood flooring in the living and dining area (or in the great room only) or $3,500 towards designer kitchen upgrades.
With respect to the $15,000 deposit required, Davis points out that they have a really good schedule in place: $2,000 is due with the Agreement of Purchase and Sale; $3,000 is due 30 days later; $5,000 is due at the 60 day mark, and finally $5,000 is due 90 days after the agreement is signed.
In addition to the upgrades that Grandview Homes is offering, TD Canada Trust is offering a mortgage deal, so I went to our friend Sandra Phillion, Manager of Residential Mortgages, to get the scoop: the rates are guaranteed for 18 months from the date of signing the application with T.D. at a 1% discount off of posted rates. In addition, if the buyer takes a 5 year or greater fixed term mortgage under this program, 1% of the mortgage amount is given to the buyer towards upgrades.
So, that’s what we know so far. We’ll update in future as this project unfolds.
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