Urban living in Edmonton

[Coldrsx]

Condo.

[Urban recluse]

I'm scared to ask how much hahaha.

[Coldrsx]

Given the location, size and finishes, it is pricey, but I have friends who live in more moderately sized ones that are comparable to SFHs.

[Urban recluse]

Do you think developers would need incentives to build such projects in the quarters?

[Coldrsx]

The economics of these need to be balanced off with other forms of density and the fact that people need to be willing to pay for that product.

[urbanroo]

Originally Posted by Coldrsx

My buddy's place. 2 UG heated stalls, 1600sqft, 3 levels, a small back 'yard' area. Perfect.


www.twitter.com/ianoyeg

A bunch of these in Oliver, Westmount, Strathcona and Garneau would be great. I presume these are in Vancouver?

[Coldrsx]

Bingo. North of Broadway between Granville and Oak.

[Rogie]

This is a pretty awesome and inspiring new video, fronted by Mike Reilly. Worth watching all the way through :

https://youtu.be/u38yzHWUtBo

Here's Reilly's accompanying tweet :


Mike Reilly
‏Compte certifié @Rikester13

I truly love the city of Edmonton and consider myself lucky to be a part of it. There are so many things that make our city great!

[Black Star]

Pretty cool Video.......

[s211]

Originally Posted by Coldrsx

My buddy's place. 2 UG heated stalls, 1600sqft, 3 levels, a small back 'yard' area. Perfect.


www.twitter.com/ianoyeg

That would be minimum $1.5M, if not more.

[Coldrsx]

Around 1.1 when purchased. It is a high-end townhouse in a highly desirable area. A bit further south my friend owns a 1000sqft townhouse with rooftop deck that was $650k and more akin to what we would see work in and around central Edmonton. That said, how about some higher end stuff near high-street or Rossdale.

[Coldrsx]

Here is my design for some low-rise infill with townhouse work/live on the first 2 floors.


www.twittercom/ianoyeg

[Coldrsx]

A few of my favourite examples.


www.twitter.com/ianoyeg

[Abii]

Originally Posted by s211

That would be minimum $1.5M, if not more.

You guys can check prices for all Vancouver properties on BCassessment.ca

It's a well built site too. Not like Calgary's clunky dumpster fire. Does Edmonton have something similar? I think in Edmonton you have to have an access code to view property assessments no?

For BCassessment all you need is the address. It will tell you how much neighboring properties are going for, sold prices within the last 3 years and the assessed value of the property you're looking at.

[240glt]

http://maps.edmonton.ca/map.aspx?lookingFor=Assessments\By%20Address

All you need is house & street #'s

There is a map in the same utility where you can show all assessed values for an area


The BC assessment site is pretty slick.

[kcantor]

Originally Posted by Coldrsx

Around 1.1 when purchased. It is a high-end townhouse in a highly desirable area. A bit further south my friend owns a 1000sqft townhouse with rooftop deck that was $650k and more akin to what we would see work in and around central Edmonton. That said, how about some higher end stuff near high-street or Rossdale.

for $650,000, you could buy an average/median price single family home in garneau or windsor park and still have $150,000 left over...

[Coldrsx]

Yes you can Ken, but for some they would prefer a maintenance free, more urban option...that's what we are lacking in many areas.

[kcantor]

Originally Posted by Coldrsx

Yes you can Ken, but for some they would prefer a maintenance free, more urban option...that's what we are lacking in many areas.

you can buy/hire a lot of maintenance for $150,000...

besides, you know full well that townhouse is not maintenance free either - it's provided by the strata corporation in exchange for the fees they collect every month.

[Coldrsx]

Simply put, we have a lack of certain product types and need to find ways to diversify our offerings. While the market for Urban Townhouses is smaller than traditional single fam or condos, there is a market and it is growing.

[kcantor]

just received the teaser for a very attractive develoment site in central vancouver. two single family lots that are still zoned single family. plan on 3 years for development approvals and paying big dollars to the city in addition ot the cost of the land to see the bonus density take the fsr from 3.0 to 5.5. my guess is the 1,248 psf acquisition cost (if it doesn't sell for higher than list) will end up somewhere in the range of 380-400 per buildable sf.

Address

4361 & 4387 Cambie Street, Vancouver

Details

Site Area: 20,250 SF
Asking Price: $25,280,000

Description

Located on the northwest corner of West 28th Avenue and Cambie Street, this 20,250 SF development site is an assembly of 2 single-family lots, with potential to rezone for a 6-storey residential building under the Cambie Corridor Plan (Phase 2). The subject site offers excellent access to public transit with just a 4-minute walk to the King Edward Canada Line Station and bus stops, providing easy access to all parts of Metro Vancouver. It is also situated just a short walk from Cambie Village and Queen Elizabeth Park. The site’s unparalleled location boasts a 15-minute drive to Downtown to the north and Richmond to the south.
A detailed information package is available to qualified parties upon request following the execution of a Confidentiality Agreement.

Offers are to be submitted for the Vendor’s consideration on or after:
4:00 PM PST, Thursday, February 15, 2018

Property Features

• One of the last remaining sites on the King Edward to Queen Elizabeth stretch of Cambie
• 20,250 SF (135’ x 150’) two-lot corner land assembly ready for rezoning
• Potential for 6-storeys per Cambie Corridor Plan (Phase 2)
• Highly marketable location within walking distance to both King Edward Station and Queen Elizabeth Park
• Site size rarely available without painstaking land assembly