Quote:
Originally Posted by JET
"The building itself has a bunch of issues related to repair and maintenance or lack thereof. So there is water leakage, mold, problems with the basement, pests, decaying stonework, obsolete windows, roof issues, materials coming off the outside and falling onto the sidewalk, asbestos... all sorts of issues like that. With enough money, they could all be fixed I suppose."
sounds like how my old house was.
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Sounds like a lot of old, derelict buildings.
I don't want to downplay the cost of it, because it'd be a lot of money. And I know there are a loads of issues to deal with—but I do believe the cost would be worth it. And I mean, no old building was built to modern code. Many, if not most, sizable 19th-century buildings in this or any other city have faced these issues at some point, especially re: fire exits, elevators, etc.
And I just keep coming back to Hamilton's Lister's Block which cost around $25 million to restore from essentially being condemned to being a community cornerstone. Worth every penny.