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General Infill Discussion

Anyone hear any updates of this site?
8129 82Ave
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David A said:
For some people here and in some other parts of the country affordability is a much more pressing concern, so I suspect the uptake will be fine.
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BC has had a pre-approved catalogue available for quite a while, and the City of Edmonton is also making a municipal catalogue. Every level of government wants to do this, but developers don't seem to want to build these government-supplied designs.
 
Yes, developers generally prefer to build more upscale and/or profitable housing, which is exactly part of the problem with not enough affordable housing.

This is why some of our largest cities have an abundance of tiny but expensive condos sitting empty now, they were designed for maximum profit and not be affordable or of an adequate size.
 
policyenthusiast said:
BC has had a pre-approved catalogue available for quite a while, and the City of Edmonton is also making a municipal catalogue. Every level of government wants to do this, but developers don't seem to want to build these government-supplied designs.
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I do like the designs. If I was building I would probably look into it.
 
policyenthusiast said:
If past attempts at pre-approved home designs are any indication, uptake will not take off. Hope I'm wrong.
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Well, you kind of are, since they're not "pre-approved plans" and that doesn't seem to have ever been the point. They're just a series of off the shelf plans that are fairly simple to build and adapted to each environment and building standards and are designed to be easy to build and iterate upon. It's also an opportunity to save on costs over drawing up a design from scratch.
 
Coprolite said:
Well, you kind of are, since they're not "pre-approved plans" and that doesn't seem to have ever been the point. They're just a series of off the shelf plans that are fairly simple to build and adapted to each environment and building standards and are designed to be easy to build and iterate upon. It's also an opportunity to save on costs over drawing up a design from scratch.
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Nope. Pre-approval has always been part of the plan.
 
Apologies for interjecting on this conversation. I’ve got a maybe silly question regarding infill that I’m hoping some of the professionals here that are involved in development can provide some insight for me:

I have a relative who essentially inherited two large plots of land (each with a pretty derelict house) in a mature, central neighbourhood in the city. They decided to list the combined plots for a pretty hefty sale price (about $120/sqft) and it looks like a realty group is poised to pick it up with plans to build a mid rise apartment building.

It got me curious if there would’ve been a realistic pathway to retain ownership and build and manage something there themselves? I don’t think they had much capital outside of that land but could that have been enough equity to get financing on some project through CHMC or something? Are there many examples of individuals solely investing in larger real estate projects like this or is it all pretty much left to professional real estate groups?
 
Slitch said:
Apologies for interjecting on this conversation. I’ve got a maybe silly question regarding infill that I’m hoping some of the professionals here that are involved in development can provide some insight for me:

I have a relative who essentially inherited two large plots of land (each with a pretty derelict house) in a mature, central neighbourhood in the city. They decided to list the combined plots for a pretty hefty sale price (about $120/sqft) and it looks like a realty group is poised to pick it up with plans to build a mid rise apartment building.

It got me curious if there would’ve been a realistic pathway to retain ownership and build and manage something there themselves? I don’t think they had much capital outside of that land but could that have been enough equity to get financing on some project through CHMC or something? Are there many examples of individuals solely investing in larger real estate projects like this or is it all pretty much left to professional real estate groups?
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MLI Select can provide long-term, low-interest financing with low overhead "down payments" needed - a lot of the emerging projects are from small-scale or even individuals who are new to the industry. I would say that your relative would need to be ready to bear a great deal of risk, so it would likely be worth creating a corporation or LLC to get things off the ground.

I recommend connecting with MDDL to get the "know how" of this development form, and specialized RE financing groups, such as KV Capital to get a more realistic picture of the financial atmosphere and what you can expect. What you're thinking of is absolutely possible, but it's far from easy.

EDIT: I would also flag that you should find out if it's self-defined as "a pretty derelict house" or if it's municipally-defined. The tax implications of owning a derelict home would make it financially prudent to bulldoze ASAP. Not a developer btw.
 
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