When considering a Real Estate purchase, the quality of neighborhood planning, future development plans and local zoning will have a significant effect on a neighborhood's desirability. Re-sale values and even future property taxes are likely to be affected by any significant neighborhood changes. Knowledge of new developments in the immediate area can help you assess what effect if any there will be on property values, taxes, and traffic flows. Whether these developments are positive or negative can be valuable information when weighing different housing options. For more information on this neighborhood, contact your Neighborhood Realtor.
City axes art space, rental suites from Kingsway complex
A development proposed for Broadway and Kingsway no longer includes space for artists or rental suites.
City rezoning planner Yardley McNeill told a Jan. 17 public meeting on the development that 9,200 square feet of artists' studios and 15 rental apartments included in the original development were too small a contribution to the community compared to the cost to the developer for providing them. She said the city believes a larger cash contribution from the developer to the city would provide more bang for the buck. But Rize Alliance Properties Ltd. would need to contribute more than a previously agreed upon $4.5 million cash contribution. (read more)
Restaurant plan dashes homeowner's neighbourhood dream
Brenda Racanelli thought she’d found the perfect home when she bought a townhouse last year in Onni’s Social development on East Seventh Avenue between Main and Scotia streets. (read more)
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