I'm sure this has been asked 10 000 times, but I can't be bothered to go through 531 pages, so I will ask again. I live downtown, I have a mountain bike and a road bike, and I'm thinking of going fixed too (if you have two bikes, why not three?). The problem is I don't want to spend a huge amount of money on it.

I have an old Raleigh 3 speed internal hub bike which is sweet, but I just read that it uses 650cc wheels, and I'd need a new crank, etc etc. I have a nice extra set of wheels that I could use, though I'd need the Surly Fixxer, so I could do a frame build up job...

I've looked at Urbane, and they have a nice frame, but it's pretty expensive. $450 for the frame and fork. Once I start buying the rest I'm getting into the price range of a new one from Specialized or Bianchi.

Any other ideas? Ideally (sorry this is long) I'd like to get a bike that I can either run SS or Fixed, that has brakes, and is 61cm or thereabouts.

David.