Winnipeg Construction X

[eman]

x

[eman]

We get it Earl. You made a bad decision and bought an overpriced condo built with white glue and cardboard and you want to move, but nobody is going to build another condo tower in Winnipeg. Nobody. It will never happen. Streetside is building a condo at Railside. You’d better jump on it.[/QUOTE]



Nice jab. I do like living here. If we sold, we might just break even after 5 years. Crazy that the condo market is so bad. Yet it's a great place for down sizers and urban professionals. Epic sunset views that no-one at Rail Side will ever see. Heated indoor parking

Is Winnipeg the worst condo market in Canada? Can it get any worse.

[NewIreland]

Originally Posted by eman

We get it Earl. You made a bad decision and bought an overpriced condo built with white glue and cardboard and you want to move, but nobody is going to build another condo tower in Winnipeg. Nobody. It will never happen. Streetside is building a condo at Railside. You’d better jump on it.

Nice jab. I do like living here. If we sold, we might just break even after 5 years. Crazy that the condo market is so bad. Yet it's a great place for down sizers and urban professionals. Epic sunset views that no-one at Rail Side will ever see. Heated indoor parking

Is Winnipeg the worst condo market in Canada? Can it get any worse.[/QUOTE]

So, where did you buy? I really enjoyed living in the Exchange, and the condo market there seems relatively healthy. Perhaps someone here knows more about that than I do. AFAIK there are no single family households in the area, it's relatively dense, and is very walkable with a lot to do i.e. restaurants, entertainment etc. This is typically what condo owners want, but it takes the right kind of people with the right kind of mindset. I have no idea why anyone would buy a cardboard condo in the suburbs. That makes zero sense to me, but hey, what do I know. Newcomers coming from dense urban areas love DT, so I think the market in that area will remain strong. A new urban park at Point Douglas and a refurbished and revitalized Alexander Docks would be the cherry on top.

[Justanothermember]

Originally Posted by drew

Yeah, that sort of house doesn't really exist in Wolseley or West Broadway.

It's all stairs all the time at my place (2.5 storey)

Sorry to backtrack, but what is a dancing foundation?

[1ajs]

Originally Posted by Justanothermember

Sorry to backtrack, but what is a dancing foundation?

moves ans shifts all over the place

[trueviking]

Originally Posted by FactaNV

As an aside, why don't condos sell here? Why won't there be another condo tower?

It’s a really good question that has always perplexed me. I know a guy who has two condos in Osborne village that he wants to sell but can’t. But he can rent them for twice what he pays each month on the mortgage. I know someone who bought a really nice 700sf condo on Wellington crescent for $170k. Hard to say there’s a housing affordability crisis when you can do that.

Maybe it’s cultural. Maybe it’s because houses are still relatively cheap. Maybe it’s that an urban lifestyle is still seen as a temporary thing in Winnipeg, until you grow up and move to the suburbs, so people won’t invest long term in central areas. But it sure is weird. It doesn’t seem to make economic sense. A condo isn’t seen as an entry level housing option in Winnipeg the way it is in other cities.

It’s definitely too risky for a developer to build a condo tower in an urban area. People do seem to be more comfortable buying in the suburbs, but even still it is at a much lower proportion than other cities.

[bomberjet]

It's culture.

[cllew]

I wonder if people in Winnipeg equate Condo's and their boards to the HOA boards in the US that like to tell people how to live in their unit, and that's a reason for their lack of sales?

[pegster]

As someone who is probably in the target audience for condos here (single, 30s, higher income), I struggle with the appeal compared to a house. Condos I'd consider in the Exchange are in the $300k range, plus $400-800/month in fees. For under $350k you can get a smaller character home in an old neighborhood. I know houses come with their own maintenance surprises, but I'd take my chances to not have to deal with upstairs/downstairs neighbors and get a yard.

[bon_vivant]

Houses are still relatively attainable in Winnipeg, so condos make a lousy value proposition. It's not like Vancouver, where owning a house is out of the question for most people.

[Hecate]

The reality is condos suck, but they don’t have to. It’s poor design. Lack of storage, lack of parking for friends and family, or even your spouse if you have two vehicles, if you have a boat or a quad or just lots of camping gear, you need a rental facility, on top of the space you fucking paid for. They tend to have unusable kitchens, and many are wood framed and so poorly insulated you can hear your neighbour shitting, or their ass squeaking on the bath tub. Creaking wood floors, the occasional spousal dispute, and the smell of curry every fucking day. Never being able to fully enjoy that three thousand dollar surround sound system because “ the fucking neighbours”

It’s a shitty way to live. Do you live in one?

[eman]

Originally Posted by NewIreland

Nice jab. I do like living here. If we sold, we might just break even after 5 years. Crazy that the condo market is so bad. Yet it's a great place for down sizers and urban professionals. Epic sunset views that no-one at Rail Side will ever see. Heated indoor parking

Is Winnipeg the worst condo market in Canada? Can it get any worse.

So, where did you buy?


390 Assiniboine. It's concrete not cardboard. I really love it. It would be better if it was in OV.


Hers is the view, that no one at Rail Side will ever have, most will be looking into the windows of the building across the street,,, like Paris. Paris on the prairies.

https://www.instagram.com/p/CMQvUHPAEoR/?img_index=1
https://www.instagram.com/p/C2n3pbtA9x6/
https://www.instagram.com/p/CB5v_F9AQBY/?img_index=1

[eman]

I am sorry. I have strong opinions, I think of myself as a bit like Anthony Bourdain, I apologize if my passion for Winnipeg's urbanism comes off too strong. I sincerely want to see Winnipeg prosper and be able to afford to build upwards like the cities I visit in Canada, USA and Asia. I was also angry about the two recent fires.

Downtown, Osborne Village, St. Boniface, and within a couple of blocks of every rapid transit station are crying out for "Density Done Well." Winnipeg has to learn from its mistakes, or we're doomed to repeat them. Is that another tax increase I hear while we still build outwards unable to pay for the infrastructure we have. In other cities, transit stations are magnets for high-density projects, but here, we've only managed a handful of medium density spread out on the whole line, with many stations surrounded by nothing but empty space.


The Free Press should think about presenting counter views or running a series on our missteps to ensure that OV and the next transit line doesn't just exist but thrives. Generates tax income to pay for the line itself. I particularly love Osbourne Village, but poor planning means there are zero new condos to buy. Stagnant growth has lead to daytime crime and the loss of Starbucks. Nothing new has been built within a block of Starbucks in a generation or two. What if a Starbucks came back as the a tenant in a new high density building at River/Osbourne.

[Mr Tall Forehead]

I’m confused. Are you replying to your own posts?

[FactaNV]

400+ new units by the outlet mall. https://www.winnipegfreepress.com/br...uty-mayor-says

[morty]

Originally Posted by FactaNV

400+ new units by the outlet mall. https://www.winnipegfreepress.com/br...uty-mayor-says

Nice to see some density in an area that could theoretically be walkable. I wish the city would try and mandate ground level commercial space here. Not sure how the developers manage to lease out the ground level apartments anyways; I wouldn't drop $1600 a month for 650 sq ft to be able to high five people in the parking lot from my balcony.

Will be interesting to see if the City even enforces existing zoning rules. There's this fun thing going where if you apply for a patio permit, the City just blindly approves it and it overrules any existing zoning rules.

Just in this exact area, the Pronto Pizza was able to remove their mandatory bike parking and replace it with a patio under a "temporary" permit, which are now able to be extended indefinitely. Then right across the street, the pad site with St. Louis Bar and Grill (749 Sterling Lyon) was developed. The DASZ mandates pedestrian access and sidewalks between buildings and the main internal roadways. Plans get submitted showing a sidewalk/accessible access, immediately after construction they apply for a separate patio permit, and now surprise, no more sidewalk.

[wags_in_the_peg]

Nice pics Eman!

[ColdRain&Snow]

New Bockstael Construction office coming to Marion St in the St. Boniface Industrial Zone. Looks like there are also come Commercial Rental Units attached. The lot is current vacant/storage, will be a big improvement. Also, got to say that I like the design.









Source:
https://clkapps.winnipeg.ca/DMIS/Vie...onId=&InitUrl=

[WinCitySparky]

Nothing says Based in MB like Tyndall Stone baby

[FactaNV]

Originally Posted by WinCitySparky

Nothing says Based in MB like Tyndall Stone baby

I love Tyndall Stone. Me and all my homies love Tyndall Stone.

Timeless.