Featured Condos: River Creek Estates in Lockport

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River Creek Estates at 6940 Henderson Hwy.

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Year Built:  ca. 2004 to 2012

Total Condos:

River Creek Estates, built over a number of years, feature 5 concrete buildings, each 6 stories tall, with 30 condos per building.  The main floor of each building is comprised of the indoor parkade, as well as the entrance hallway to the building, and a small fitness room.  The 30 condo units make up the next 5 floors, 6 units per floor.  Units range from 950 to 1320 sq feet in size.

Condo Restrictions:

It appears that each building has been registered as a separate corporation.  This would mean that each building is free to set their own rules and by-laws.  For example, I noticed in one building that the condo fees included a cable-package, while in others it did not.  I also noted pets coming out of one building, but saw other listings which said “Pets Restricted”….  so you have to look carefully at each condo rules and by-laws.

Property Taxes

Gross Property Taxes range between $1500 and $2700 per year, gross   Of course, as an owner who actually lives in their unit, you would qualify for the Provincial Home Owners Assistance Rebate, similar to when you own a house.

Condo Fees

Condo fees range between $275.00 and $390 per month, depending on unit size.  While that may seem high, at first, these condo fees include heat, hydro, water, parking and the usual condo management fees and niceties, such as snow clearing, grass cutting and contribution to a common reserve fund.

Laundry and Parking

All units have their own insuite laundry room, and usually have one (or more) indoor parking spot included.

Amenities

Each building has a small fitness room on the main floor.  Other bonuses are the central air and heat (no baseboard heaters).  Units with numbers 04, 05 and 06 face the river and creek, while the others face towards the centre parking lot.  In additon, the 2nd floor suites of 04, 05 and 06 have exclusive access to a 1400 sq ft patio (each).

Location

Located at 6940 Henderson Hwy at Lockport, easily reached by driving north on Hwy 59, or Henderson Hwy or Main St.

Prices

During the 2 yr period of 2011-2012, condos at River Creek Estates have been selling for bet. $200,000 and $280,000, depending on size and location within the building.   (MLS® stats)

 

 

If you are looking for a condo, either in or surrounding areas such as Lockport, call me anytime at (204) 333-2202  or email me at [email protected] .  I’d love to help you!

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