Homes selling fast as Lakefield condos geared to retirees proving popular
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.
Sales manager Matt Turner says Triple T Holdings Ltd., has 60 houses to finish, which should be ready by the fall of 2021.