Homes sell­ing fast as Lake­field con­dos geared to re­tirees prov­ing pop­u­lar

The Peterborough Examiner - - NEWS - JES­SICA NYZNIK EX­AM­INER STAFF WRITER jes­[email protected]­ter­bor­ough­daily.com

LAKE­FIELD — A Lake­field com­pany that’s build­ing a high-end con­do­minium neigh­bour­hood — geared to­ward re­tirees — is sell­ing homes as fast as they’re build­ing them.

Triple T Hold­ings Ltd., is build­ing 91 sin­gle-de­tached bun­ga­lows on farm­land, just east of Queen Street, be­tween Strickland Street and Case­ment Lane. The pro­ject is called Lilacs.

The com­pany built and sold 31 houses in the spring and has al­ready sold 21 of the 23 houses that are ac­tively being con­structed. Matt Turner, Triple T’s sales man­ager, said their com­pany tends to work a bit dif­fer­ently than others.

“Some peo­ple build then sell. I sell then build,” Turner said.

That doesn’t change the over­all plan, though.

Triple T has 60 houses to fin­ish, which should be ready by the fall of 2021, Turner said. Af­ter the cur­rent 23 houses un­der con­struc­tion are done, with only two left for sale, another 23 will get un­der­way for the third phase of the pro­ject. Phase 3 homes went up for sale Mon­day and will be ready for oc­cu­pancy in fall of 2020.

The final 14 homes will be built af­ter that and will be ready in fall of 2021. Be­cause it’s a va­cant-land con­do­minium neigh­bour­hood, res­i­dents don’t have to worry about out­door main­te­nance, Turner said.

For a monthly fee, home­own­ers can have their grass cut, snow shov­elled and win­dows washed, which is per­fect for re­tirees, he added.

“Peo­ple buy­ing here of­ten go down south in the win­ter or to a cot­tage in the sum­mer and they like the idea of the ser­vices that are avail­able. That’s a big draw for a lot of peo­ple.”

Built on 25 acres of land, the property will have a walk­ing trail around the perime­ter and in­te­rior, fea­tur­ing a 20-foot wide path lined with trees and flow­ers. Houses start at $450,000.

CLIF­FORD SKARSTEDT EX­AM­INER

Sales man­ager Matt Turner says Triple T Hold­ings Ltd., has 60 houses to fin­ish, which should be ready by the fall of 2021.

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