Melville City Maintains Reduced Prices for Residential Lots Amid Housing Demand
1 report, 1 independent
Updated Sat 00:00
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
The City of Melville approved keeping promotional pricing for several city-owned residential lots on Toronto Street and Winnipeg Street. The city reported that 13 lots had been sold to a local developer, and two additional lots were recently sold. The new prices are set at $13,500 plus GST, $8,000 plus GST, and $5,000 plus GST, depending on the lot's location.
From gx94radio.com
Why it matters
The city initially reduced these prices in December 2025 as a temporary measure to stimulate residential development and decrease the inventory of vacant city-owned land. The continued sales suggest that the lower prices align with market expectations for housing in the area.
From gx94radio.com
Who's involved
- MelvilleCity that approved maintaining reduced prices for residential lots