Originally Posted by Rete

If it were the States since the utilities are already there and just need to be connected, that will eliminate some costs. You can buy a brand new modular home with setup included for approximately $25K to $45K

Originally Posted by BristolUK

Thanks. That's not cheap. It might seem like it is in the rest of Canada

I have in mind the stepkids. When me and MIL are not here anymore I really can't see their income (which is only one income) covering the expenses of this house. The house is also unnecessarily large for two. Downsizing is obvious. We're in a great area, convenient for everything

I see one cabin at $52k and then it jumps to $71k. So that's $87k or $106k. With the excavation/foundation and other costs I think it would be better to buy the usual...albeit not that many around. As a comparison, they could have had my duplex for $69k and that after all the renos done. Admittedly that was a buyer's market with the high rental vacancy rates at the time. But it was well situated with the option of renting part out.

I was just thinking that next door couldn't me more 'same area' and SD would still have a garden, much lower costs, moving would be easy and a chunk of money in the bank.

This year, a house (previously rented out) went for $58k in our street. I think it was advertised as 4 or 5 bedrooms, though only 1 bathroom. Obviously I have no idea what it was like inside but they're not knocking it down (like one over the back for $45k) so it can't be that bad. So far they've done new siding and windows. If it was bad inside I can't imagine they'd tart up the outside.

Originally Posted by BristolUK

Those are nearer the figures I was expecting but in CAD.

Originally Posted by Jsmth321

I don't know the real estate market in your part of the world, but what about buying the land as an investment that can be sold later on, assuming prices in your are will rise over time to return a profit at some point.

Originally Posted by BristolUK

I don't think I'd want to do that. That particular plot isn't that big. Probably not that good an investment as quite limited on what would go there. Plus it would restrict what we can do when the time comes.