Quick answer
Freehold townhome ownership generally means owning the home and land without a condominium corporation or monthly maintenance fee, though some freehold blocks carry a smaller common-element fee for shared items — confirm this directly with the builder. Freehold owners take on their own roof, landscaping and snow-clearing costs.
You own the land
Freehold townhome ownership means the home and, in most cases, the lot it sits on are yours outright, without a condominium corporation. Confirm with the Lackner Ridge sales team whether any common-element or POTL fee applies to your specific block, since some freehold townhome communities include one for shared elements like visitor parking.
What you take on yourself
Freehold owners are typically responsible for their own roof, windows, landscaping and snow clearing, rather than a condo corporation managing these collectively. Budgeting your own maintenance reserve is worth planning for from the start.
Comparing to a condo townhome
A condo townhome usually carries a monthly maintenance fee that covers shared costs like exterior upkeep and common-area landscaping. Whether that trade-off favours freehold or condo ownership depends on how much of that maintenance you'd rather handle yourself.
Pricing referenced above is preliminary VIP pricing and subject to change without notice. We do not represent the builder. Register below for the official Lackner Ridge Townhomes price list and floor plans.
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