Oilers99
Active Member
right!
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Downtown Real Estate
- Thread starter Daveography
- Start date
right!
Avenuer
Senior Member
That site just screams TOD potential, let alone the massive employment hubs nearby in WEM and the Misericordia. How there haven't been any plans released yet is surprising.
IanO
Superstar
It was on their radar years ago, but have to think it is moving on up on the todo list.
Greenspace
Senior Member
Seniors housing there (or any TOD) would make a lot of sense.
kcantor
Senior Member
^
there’s lots of things that would make a lot of sense from a planning/land use/ architectural/community perspective that still don’t make any financial sense in the current market.
there’s lots of things that would make a lot of sense from a planning/land use/ architectural/community perspective that still don’t make any financial sense in the current market.
occidentalcapital
Senior Member
If they did a dense 'village' of 6 floor woodframed Apts with mostly 2bd units, ground floor townhouses, good architecture (Maclab is very capable of good architecture) and maximized site coverage, they should be able to get very decent density, reasonably premium rents considering other stock in the area, at a per unit construction cost significantly lower than their university area project. With LRT and WEM on doorstep demand would be good.
That being said, I would love to see 15-20 high rises with varied designs, and premium amenities, on this site.
That being said, I would love to see 15-20 high rises with varied designs, and premium amenities, on this site.
_urbanite
Senior Member
SW corner of 108 street and 102 Avenue. The grey building + the 2 buildings adjacent (south) and the parking lot all included in this. Great redevelopment site. The old funeral home across the street is also still for sale
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Airboy
Senior Member
Riley's Printing Building. Used to be some pretty big printing machines in there.
IanO
Superstar
Huge long-term redevelopment potential there.
IanO
Superstar
Lost for words continues to be a theme for me.
1200sqft, concrete construction, 2bdrm + 2bath for $199,999.00 in the Downtown of a major city steps from the river valley, 3 blocks from LRT.
*dated, but very livable, rental, investable.
1200sqft, concrete construction, 2bdrm + 2bath for $199,999.00 in the Downtown of a major city steps from the river valley, 3 blocks from LRT.
*dated, but very livable, rental, investable.
Stevey_G
Active Member
It’s those fees. The building must have maintenance or reserve fund concerns.Lost for words continues to be a theme for me.
1200sqft, concrete construction, 2bdrm + 2bath for $199,999.00 in the Downtown of a major city steps from the river valley, 3 blocks from LRT.
*dated, but very livable, rental, investable.
occidentalcapital
Senior Member
Similar to (lower actually) than fees in most Toronto or Vancouver high rise condos.
occidentalcapital
Senior Member
It's like a Game of limbo. The bar keeps dropping lower and lower. Almost unbelievable how cheap condos are right now. We're coming up on a solid 15 years of price decline.
Avenuer
Senior Member
Cheap, but then you’d have to live in the fugly Peregrine Point.
Stevey_G
Active Member
You know what? I stand corrected. My God some of the fees on some units I just looked at in Vancouver are out of this world. A unit like this has fees of 996 dollars per month and is 1.4 million dollars.
I would however, argue that Edmonton doesn't have nearly as much wealth in it's downtown, and people have the option of purchasing a single family dwelling for the cost of a 200k mortgage and $750 in fees per month. Given the choice, I'd go with the house.