248 Sunview Street
4-storey | 4-units | 15 bedrooms
248 Sunview Street
4-storey | 4-units | 15 bedrooms
Demolition Control Application
DC2012-17 | Kiem Langelo | Council: November 26, 2012 | PDF
Recommendation
“That Waterloo City Council receive Development Services report DS2012-067 and approve Demolition Control Application DC2012-17, Kiem Langelo, for the lands known municipally as 248 Sunview St., in accordance with Section 9 of DS2012-067.”
Executive Summary
Kiem Langelo has submitted an application to demolish the existing building on the property known municipally as 248 Sunview St. (see Location Map). The subject land contains a single detached dwelling with a total of 3 bedroom. The demolition has been requested to facilitate the construction of a 4-storey, 4-unit apartment containing 15 bedrooms.
The subject property is located within the Area of Demolition Control as outlined in By-law No. 86-122 and therefore the dwellings may only be demolished with Council's approval.
Staff support the issuance of a demolition permit based on the following:
- the proposed redevelopment is in keeping with the Official Plan;
- the proposed redevelopment is in keeping with the Demolition Control By-law 86-122;
- the proposed redevelopment provides an intensification opportunity in an area planned for medium density redevelopment; and
- the proposed building may provide an opportunity for affordable and/or rental housing in close proximity to existing transit services.
Location Map
Existing Conditions
Perspective Drawing
Not five bedroom units!
No, not five; this would be four (x3) and three (x1), to get to 15 bedrooms across 4 units.
Eventually, you can't go on not caring. You realize you have a voice.
Sadly the economics are still in favour of 4 and 5 bedroom units. Two two-bedroom apartments have about the same footprint as a five bedroom. The two apartments would generate about $1000 x2=$2000 a month in rent while the five unit bedroom unit generates $520+ x5 = $2600. That's 30% more revenue on the same development costs.
If prices per bedroom were to fall to the vicinity of $400 per bedroom (and there are signs that this might be happening already) the incentive for student units goes away.
This is clearly a family oriented development by the small child going into the building..
Thinking the layouts are 3 4 bedroom units and 1 3 bedroom ground floor unit.
That would have been my guess.Originally Posted by T-Bone