Quote:
Originally Posted by TheRitsman
I think it's great. There aren't 28 on street parking spots in the area, so that means purchasers or renters here won't have cars. Furthermore, I live in the area, and the thing about free street parking is that it's just that, free. I had no expectation of finding a spot after a grocery shop home, and regularly didn't and had to park far from my house. It's a reality of living in a city, and not every new unit in the city should have parking.
Add to this the housing crisis where housing unaffordability is making it hard to buy or rent anything, and guess what one of the most expensive parts of a building is? Parking. At $80,000-$100,000 per underground parking spot, it can take up 20% - 30% the cost of a new unit. Many don't have cars, either by choice or necessity. We shouldn't force every new development to have parking. There are loads of units being built in the city with loads of parking, they can buy there if they need a car.
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Yes, and agreed. Two years ago, I sold my house on Augusta just East of John St., we lost out almost $75,000 just because there was no drive way, and only street permit parking which then was like $100 / yearly I believe. So, even with a single home, parking is a very valuable piece. Though being downtown, and next to the GO station literally, I mean the walk score was 98 and so many amenities within walking distance, including many HSR routes of all kinds, in all directions. Prime area, and this area not really that much different it seems.