Coaldale Park Homes is currently finishing up this 12-unit duplex style project in the Parkside Area on the East side of the Town of Coaldale.  The project, refered to as "Parkside Terrace", broke ground in September of 2008 and is visible from Highway #3.  Parkside Terrace is located at 803 - 19A Avenue (just off of 19A Avenue and 8th Street.)  Coaldale Park Homes will have this project completed in Spring of 2010. Currently there are only a few units left available for quick possession.

Parkside Terrace Introductory Prices range from $181,900 (Limited time offer plus approx. 3.2% GST) up to $188,700 (plus approx. 3.2% GST) per unit!  Showhomes open from 2-4pm on Saturdays and Sundays. Come by and check this project out before it is sold out!    Weekday availability is by appointment only and the showhome on the end is open from 2-4pm on Saturday and Sundays.

Financing Calculation Example for Unit 1 : Limited time sale price - $181,900 Plus GST (approx 3.2%) - $5,735 Purchase Price incl. GST - $187,635 Less 5 % down payment - $9,381 Plus CMHC Fee @ 3.15% - $5,615 Total Amount Financed    -  $183,868 @ 3.75% for 5 yr term, 35 yr amortization, monthly payments approx $784.00 (APR 3.23% plus condo fees of approximately $190 per month) On February 16, 2010, Jim Flaherty Minister of Finance announced a number of measures to support the long-term stability of Canada's housing market by making changes to the mortgage qualification requirements for homebuyers. The announcement indicates that all borrowers will need to meet the standards for a five-year fixed rate mortgage (instead of only a three-year fixed rate) regardless of what they choose for their mortgage. Also, the announcement requires that Canadian home buyers put down a 10% deposit on their home purchase instead of the previously mandated 5%. In addition, speculation has been discouraged by requiring owners of certain non-owner occupied properties to put down a 20% deposit in order to attain a mortgage. See the official announcement here.   A further explanation and breakdown of the anticipated changes that will come into effect as of April 19th, 2010 can be found here.   The bank of Canada is also expected to raise interest rates as early as July, 2010, making now a great time to buy! Don't miss out on this amazing opportunity! As an added benefit, the project is fully managed by a condominium board so you don't have to worry about the maintenance or upkeep costs that typically come with home ownership.  In addition, tenants will save on home insurance as they will only require tenant insurance as the structures themselves will be insured by the condominium corporation.  The condominium board will gradually be turned over to the owners of the units as occupancy increases.   In addition to construction and development, Coaldale Park Homes Ltd. has extensive experience with condominiums and setting up and managing condominium projects.  The project is fully landscaped with grass, junipers, cultivated sideyards and Spruce trees in between each building.  The project includes an asphalt paved parking lot and a concrete sidewalk in front of the units.   Fencing is provided around the project, as are wooden porches, rear decks and railings.   Each unit comes with a full 5 piece appliance package including stackable washer/dryer, a reserved parking stall and ample stalls are also available for visitors.  Please see the artistic rendering and floor plans of the project for more details.

The project is located in an excellent area on the east side of the Town of Coaldale and is close to many amenities.  The developer already has plans for tastefully building up the area surrounding this project which will likely include a mixture of lower-density residential and commercial properties.  The development of raw land will be done in keeping with the small town atmosphere of Coaldale and in cooperation with the Town of Coaldale.   td>
		(Artistic Rendering of the duplex units)

As previously mentioned, the Parkside Terrace project is conveniently located on the east side of Coaldale close to many amenities.  To see the location of the project relative to the amenities please click the link below.

Link to a map of Coaldale with nearby amenities    

	Artistic rendering, with the Abbington on the left and the Cheswick on the right.  The only difference between the units is one is a 2 bedroom configuration and the other is a 3 bedroom floorplan.  They could be swapped if necessary.