Winnipeg Construction

[Shinook]

Originally Posted by Biff

The Forks Rail line parking lots developments

Has this project been discussed here much at all? I have no recollection of what it is at the moment.

[lilwayne]

WE LOST 12000 jobs in april thats why im in a 🞵🞵🞵🞵🞵🞵 mood... a real 🞵🞵🞵🞵🞵🞵 mood. this city looks like its moving forward than takes 30 steps back

this city isnt booming its imploding

[Biff]

Originally Posted by Shinook

Has this project been discussed here much at all? I have no recollection of what it is at the moment.

No. There will be more details when the Museum is complete next April. As well the City is finally studying what to do with Parcel 4 (the waterpark parcel).

It will definitely involve a large parkade structure and likely a retail and residential component.

[Shinook]

Originally Posted by lilwayne

WE LOST 12000 jobs in april thats why im in a 🞵🞵🞵🞵🞵🞵 mood... a real 🞵🞵🞵🞵🞵🞵 mood. this city looks like its moving forward than takes 30 steps back

this city isnt booming its imploding

That's great and all, but this isn't the place for this kind of discussion.

[Shinook]

Originally Posted by Biff

No. There will be more details when the Museum is complete next April. As well the City is finally studying what to do with Parcel 4 (the waterpark parcel).

It will definitely involve a large parkade structure and likely a retail and residential component.

Ah, sounds interesting. I will be looking forward to next April at the earliest

[Mininari]

Originally Posted by red_179

It seems to me that there is a limited demographic of people interested in living downtown, mostly single young professionals, married couples with no children, or empty nestors. I wouldn't expect many families with children would want to live downtown because of the lack of good schools, safety concerns, etc.

Exactly the demographic I'm referring to as well. It is limited, yes, but you need to start somewhere. Its still way too easy and affordable to get a 'family' house in this city, so I wouldn't expect families for a long time. However, the list you put out there as well as investors looking for condos they can rent out to whomever, students sharing a place... imagine 2 students renting one of those condos, sharing the expenses, enjoying the amenities, why not? Thats how I started off... and it sure is nice to split all those 'other' bills (hydro, internet, phone) down the middle. Well maybe not phone anymore... who has a landline???

[h0twired]

Originally Posted by Biff

What would you rather have.....a return to the 80's and 90's where nothing at all was proposed, let alone built or......present time,

<snip>

..........now you tell me whether you like the possibility of proposed projects happening and the excitement that they bring or like the 80's and 90's when there was nothing happening.

Don't forget about the numerous residential developments and commercial projects that are renovating buildings in the East and West Exchange.

If I was a 20-something single guy looking to rent I would be all over this place.

http://www.yournextplace.ca/properties/370donaldst

[red_179]

Originally Posted by Shinook

Has this project been discussed here much at all? I have no recollection of what it is at the moment.

There was an open house in 2010 unveiling a concept for a potential mixed use development for the parking lot across from CMHR at the Forks.

http://www.winnipegfreepress.com/local/condos-touted-for-the-forks-91180189.html

Haven't heard much about it since, other than a few whispers here and there.

[rypinion]

Originally Posted by red_179

There was an open house in 2010 unveiling a concept for a potential mixed use development for the parking lot across from CMHR at the Forks.

http://www.winnipegfreepress.com/local/condos-touted-for-the-forks-91180189.html

Haven't heard much about it since, other than a few whispers here and there.

Pretty sure that exact rendering was originally provided by trueviking. He first wrote about it here, a short while after the article you reference:

http://www.winnipegfreepress.com/business/spanish-city-model-for-future-forks-94806684.html

[rrskylar]

Originally Posted by Mininari

Exactly the demographic I'm referring to as well. It is limited, yes, but you need to start somewhere. Its still way too easy and affordable to get a 'family' house in this city, so I wouldn't expect families for a long time. However, the list you put out there as well as investors looking for condos they can rent out to whomever, students sharing a place... imagine 2 students renting one of those condos, sharing the expenses, enjoying the amenities, why not? Thats how I started off... and it sure is nice to split all those 'other' bills (hydro, internet, phone) down the middle. Well maybe not phone anymore... who has a landline???

Those prices accompanied by condo fee's make no sense in this market as a rental property, do the math.

[biguc]

Originally Posted by Rudiger

The demo of Dubrovnik's started yesterday (I have a front row view from the Bessborough) -- the excavator was tearing down bits of the back for most the day. No movement today yet.

[Auror]

Does anyone have an idea when the first funnelators will be installed?

[lilwayne]

Originally Posted by rrskylar

Those prices accompanied by condo fee's make no sense in this market as a rental property, do the math.

property tax on houses in the burbs are 7 to 15 gs a year

those fees r nothing

[bomberjet]

Originally Posted by lilwayne

property tax on houses in the burbs are 7 to 15 gs a year

those fees r nothing

If you're living in a mansion! My taxes are about 2,500. Then minus the school tax credit or however that works. I pay under 2G a year. I could see at the high end the 7G or 8G for a million dollar house. Maybe I'm wrong.

[steveosnyder]

Originally Posted by Mininari

I know several from the 21- 30 demographic who would LOVE to buy a $175-200K condo, stop renting, build some equity, while living in the heart of town.

You can build equity without buying a house -- some would say you would be better suited to build equity if you continue renting because you can keep your portfolio more diverse.

[rrskylar]

Originally Posted by lilwayne

property tax on houses in the burbs are 7 to 15 gs a year

those fees r nothing

You do know you pay property taxes on a condo right? Sometimes the property taxes on a condo even exceed those of a house with the same square footage as well.

[lilwayne]

Originally Posted by rrskylar

You do know you pay property taxes on a condo right? Sometimes the property taxes on a condo even exceed those of a house with the same square footage as well.

property tax on condos downtown wont exceed 2 grand

[steveosnyder]

Originally Posted by lilwayne

property tax on condos downtown wont exceed 2 grand

City of Winnipeg property taxes are based on assessed value. If they sell all the condos in the building for $300k+ then you can be sure the assessed value will be $300k+. That would be somewhere in the range of $3500 (including school taxes) provided it's owner occupied.

[cheswick]

Originally Posted by lilwayne

property tax on condos downtown wont exceed 2 grand

You're living in dreamland. There are condos on waterfront where the taxes exceed 5 grand a year. Thats on top of the $500 plus monthly condo fees.

[rypinion]

Originally Posted by lilwayne

property tax on condos downtown wont exceed 2 grand

Just to add to all the people questioning this - where did you possibly get that idea?

My downtown condo (a basic, lower end one) has taxes greater than $2500, for example.