FiveStar

New "freehold strata" concept for residential complex (con't)

“Everybody will own the title to their unit.”

The term started out in Australia and has grown popular in British Columbia but this might be one of the first uses in southwestern Ontario.

The development also calls the residential units “townhomes” which are different in construction from the way people generally in Windsor-Essex regard townhomes.

The typical townhome here might be on a suburban tract of land with the base of the home firmly on the ground with several units joining one another.

But in this development the townhomes look more like traditional apartments or “condos” above what will be six commercial properties - likely stores or boutiques on the main downtown thoroughfare, Dalhousie Street.

Moreover, each of these units will be two stories and they will have separate entrances with parking below and accessed through the rear of the building, facing the Detroit River (picture above).

“Think of it like a side by side duplex but they’re also separated horizontally with the commercial units sandwiched between the parking garage for the individual units and two storey townhouses above it,” Wellman said.

The development will be built in what is now a vacant lot immediately next to Duffy’s Motor Inn and which had been occupied by small stores, which were torn down over the past year.

Despite the fact these aren’t condos there will be a monthly maintenance fee - about $100 - $150 - that will pay for things like snow removal and landscaping.

The residences will appeal to an upscale buyer who wants a comparatively larger footprint than, say, a typical one storey condo.

“They’re just a much larger more upscale unit,” Wellman said.

They are also two levels and have private elevators.

The living area and great room will be on the top floor to maximize views.

There will also be two covered balconies - one 220 sq. ft. off the great room and the other about 50 sq. ft. off the master bedroom.

The garages will be wide enough for three vehicles.

While price points start at $529,900 and run to $569,900 the units are classified as “decorator ready.”

That means the buyer will have to finish such interiors as floors, trim including doors, moulding and baseboards, cabinets and countertops for kitchen and baths, lighting fixtures and ceiling fans, plumbing fixtures including sinks, toilets, tubs and showers, paint, wallpaper and tile back splashes or other decorative elements.

The developer says the reason for this is to allow the buyer to customize to their own tastes.

“Rather than limiting your choices to a few standard finishes or providing you with an arbitrary and often inadequate allowance from a tradesperson or supplier of our choosing, you can finish your townhome in your own way utilizing suppliers and tradespersons of your choice,” the Queen Charlotte website says.

That could amount to another $125,000 depending on finishes.

Meanwhile the retail/commercial units, at 1100 sq. ft., start at $233,900 and go up to $255,900 but the developer is open to leasing.

WindsorOntarioNews.com


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