Quote:
Originally Posted by Simplicity
So if the plan is for everybody to buy units in SkyCity for rent and they start in the 200's (or 190's), then you're talking about having to achieve like $2.75-$3/psf rents in Downtown Winnipeg to hurdle the build cost and give purchasers a positive carry on their investment. Does anybody believe that's possible in Downtown Winnipeg? Nobody's ever done it.
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I think the odd condo is doing it along Waterfront but keep in mind Crystal is about to dump 200+ units of high end rental at a riverfront location along Assiniboine ... this will not end well...
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