Page 44 - Silver Clips

The City Towns Sites C3 and D
Total Number of Condo Units 36
Building SF Per Building 7,392
Number of Buildings 6
Total Building SF 44,352
Construction Costs
Modular Precast Concrete $100.00 SF 44,352 $4,435,200
Interior Finishings $87.49 SF $3,880,335
Roofing $12.00 SF 22,176 $266,112
Basements $360,000
Permit Drawings $50,000
Covered Parking $15.00 SF 30,000 $450,000
Construction Costs Before Labour Costs $9,441,647 $212.88
Labour 30% $2,832,494 $63.86
Less Concrete Labour $2,040,192 $46.00
Other Work Labour $792,302 $17.86
Total Construction Costs With Labour Costs $10,233,949 $230.74
Other Costs
Site Development Cost $35.22 ($11 PSF of land area) $1,562,062
Development Charges (Residential) $27,409 per unit 36 $986,708
Construction Financing 8.00% $818,716
Land Taxes and Other $150,000
Sale Commission 3.00% $561,053
Total Other Costs $4,078,539 $91.96
Total Project Cost $14,312,488 $322.70
Total Project Income $18,701,760 $421.67
Total Project Retained Profit $4,389,272 $98.96
Construction Costs Against Sales 77%
Note: Expense Costs for Construction Management not included