Lottery winners have 14 days to make decisions
Of the 90 single-family residential lots available in Wednesday afternoon's land lottery for phase one of the new Whistle Bend subdivision, 25 were taken.
By Chuck Tobin on September 27, 2012
Of the 90 single-family residential lots available in Wednesday afternoon's land lottery for phase one of the new Whistle Bend subdivision, 25 were taken.
It's normal, however, to see some lots turned back by families who had more than one applicant, so as to enhance the odds of securing a lot or securing the lot they prefer.
All seven duplex lots were snapped up, with 80 applications submitted by 22 different applicants.
Many of them were building contractors with applications for more than one lot, if not for all seven.
Prices for the single family lots before the GST and the city's development cost charges ranged from a low of $104,725 to a high of $177,249.
The most expensive lot is one of a kind in the neighbourhood. It measures 1,308 square metres (14,080 square feet), or more than twice the average lot size.
Most single family lots in phase one range from 560 square metres to 640 square metres.
Lot number 74, measuring 593 square metres, was the first to go Wednesday, selling for $117,518, plus $5,875 for GST, and $3,500 to the city to cover its development cost charge, for a total obligation of $126,893.
Ljubinko Dokic's name was the first drawn in the single family lottery, and lucky so, because Adam MacDonald was next and his first choice was also lot 74, but he was awarded his second choice: lot 75 next door.
Third pick went to Luka Dokic, who took lot 76, and all three lots were the same size and priced at $117,518, plus the GST and the $3,500 to the city.
As the eighth name picked, Jason Anderson was also awarded his first choice, the largest lot, for a total commitment of $189,161, once the GST and the city's development cost charge is added.
Territorial lands manager John Cole explained lottery winners now have 14 days to decide whether to enter into a purchase agreement with the Yukon Housing Corp. or turn back their lots.
Once the 14 days are up and officials know exactly how many single family lots they have left in phase one, they'll decide whether to hold another lottery specifically for builders and contractors, Cole said.
He said they'll also decide how many of the remaining lots would be available in a lottery for builders and contractors, and whether some would be held for sales over the counter or added to next fall's lottery for phase two lots.
All seven duplex lots were priced from $157,226 to $167,283, before the GST and the city's development cost charge.
They went to, in order of the draw: Deer Ridge Home Builders, Henri Labelle, Natasha McPherson, Amit Kumar, Rapid Fire Roofing, 42729 Yukon Inc. and Hillcrest Builders.
Few members of the public were in attendance for Wednesday's lottery – no more than a handful – but Scott Hackney was there with his girlfriend, Lisa Beauchemin, and his mom, Heather Hackney.
All three, plus his dad, Joel Hackney, had entered the lottery.
Beauchemin's name was pulled fourth. She and Scott got their first choice: a 639 square metre piece of property priced at $112,702, plus the GST and the city's development cost charge, for a total commitment of $121,837.
Asked why lot 62 was their favourite, Hackney explained it faced a designated laneway across the street.
That ensures nothing will be built there, so they won't lose their view of the mountains.
Born and raised in Whitehorse, Hackney is a journeyman carpenter at the age of 26 who works for his dad's construction company, Horizon Construction.
He expects if he builds himself, as he plans to next spring, he'll probably get into his home for about $200,000, on top of the lot price.
With 25 applications for 90 lots, Hackney said he was surprised there wasn't more interest, particularly when considering the hordes of applicants for the sprinkling of residential infill lots available last year.
Hackney was among those who were unsuccessful a year ago.
"It's a little annoying to see the size of the lots go down and the price go up,” he said of the lots available yesterday.
Hackney said of the four lots taken by himself, his girlfriend, his mom and his dad, he expects at least two will be turned back, as they may keep another to build a new home for his parents, who might be looking to downsize.
Business partners Chris Johnson and George Mairs were also on hand for the lottery, hoping to buy one of the duplex lots, though they were unsuccessful.
Johnson said she and Mairs are moving forward with plans to start up a local manufacturing company to prefabricate home construction using a panelized approach.
Prefabbing the panels, Johnson explained, means construction goes more quickly, and can continue through the winter.
Mairs said he's been told there will most likely be another lottery later this year specifically for builders and contractors for single-family lots in phase one.
The deadline to bid on the seven large, multi-family lots available in phase one is 4:30 this afternoon.
The government has set a minimum price for the lots, ranging from $195,339 to $860,983, plus the GST and $2,800 to the city for every dwelling included in the development.
The lottery is scheduled for 1 p.m. Friday.
Phase two lots are currently scheduled for next fall. The city estimates there will be another 82 single family lots available, 26 duplex lots, 47 townhouse lots and eight multi-family parcels.
It's expected lots in phases three through five will start to become available in 2015, according to the Yukon government.
Comments (2)
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DG on Sep 29, 2012 at 3:50 pm
Just a guess but Mt Sima and Mary Lake are not fully serviced lots (water, sewer, electrical) with proper drainage in place, as well as asphalt and concrete sidewalks.
Just guessing here...
It's unfortunate that the area was clearcut but I imagine their is reasoning behind this (dirt did have to be moved for proper drainage). Heck you can always plant a few trees.
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north_of_60 on Sep 28, 2012 at 7:08 am
Why would anyone want to live in an overpriced wasteland dust-bowl?
If they offered treed country residential lots like Mary Lake or Mt Sima they'd be snapped up in a flash.