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Originally Posted by sailor734
Was it adamuptownsj who was considering a loft development on Waterloo down opposite the Service Canada entrance? I'm assuming the deteriorating conditions in the area have put that on hold? (at least until or if things improve?)
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It was, and yes-- the conditions make market rents, even lower-market, unfeasible. And that's not even addressing the security issues. We are cynically awaiting Common Council's celebrations of their traffic light zones being successfully implemented... which happens to coincide with the annual cold-weather drop in Waterloo's extracurricular activities.
Fortunately, the hills will again be alive with the sound of screaming junkies when the municipal election kicks off.
The plan is still on the docket, but between Carney's new not yet up and running housing org, CMHC's mission being muddled, and ratcheting efficiency/accessibility/affordability requirements, it's a real challenge to nail down a date.
Quote:
Originally Posted by cdnguys
Just off of Queen Sq, next to the new school, new build with a garage, quiet one way street, living life uptown with the restaurants and entertainment - you could build a 100 of those and they’d be snapped up.
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The school is what I was waiting for. Building with adjoining walls poses quite a few challenges, especially around foundations and fire code, but this first build is a test lab. Can we build single-family homes, on <24' lots, around uptown that are...
a) profitable
b) replicable without looking cloned
c) adequately-sized (this one is about 1,700 sf, for example)
There's a serious lack of new single-family construction in the south end. I can count 5 over the last decade, not counting renos/restoration. And there's a huge market!
Quote:
Originally Posted by bingun
Awesome. The lot next door, which caught fire a year or two ago and has now been cleared, is another with great potential.
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Phil Massie owns the whole corner. No idea what he would sell it for, but it wouldn't be cheap. Outside my capabilities. Victor Train owns a truly gigantic amount of land in the area too. He might have plans for it, now that the school is underway, but I don't personally know him.
My stuff is blue, Massie red, Train yellow, and the school purple, if you want help visualizing it. My Queen Sq lot will be 4 townhouses, more or less using the previous owner's plans.
https://imgur.com/a/tZjX8Lf