New Construction Costs

[Danielle D.]

Hi all,

I just picked up a 600 sq ft house in the Regis area. I was hoping to gut it and add 800 square feet on the back but I just learned that it has no foundation!   It looks like it'll have to be scraped. 

I need to build new at $100/sq ft maximum not including demo, plans, professional services, and water tap which I have in for $18k.  It's a half lot (3,120).  Mid-grade finishes which I can source myself to save $.

Is this doable NOW and in this market?  

Any suggestions or feedback is appreciated.

Danielle