The Opportunity
Concepts….
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Concept 1
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Summary
Description of Concept 1
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- Storeys – 6
- GFA – 42,894 sf
- Lot Coverage – 42%
- Units – 46
- Studio – 0
- 1 Bed – 11
- 1 Bed + Den – 11
- 2 Bed – 23
- Underground Parking – 31 spaces
- Bicycle Parking – 31
- Storage – 28
Professional Reports and Studies Library
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- Planning Rationale
- Record of Site Condition
- Phase 1 Environmental Site Assessment
- Phase 2 Environmental Site Assessment
- Geotechnical Report
- Survey
- Architectural Package – Submitted for Rezoning 2023
- Revised Floorplans & Concept – June 2024
- Landscape Plan
- Shadow Study
- Civil Servicing Report
- Building Inspection Report
Concept 2
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Description of Concept 1
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- Storeys – 6
- GFA – 42,894 sf
- Lot Coverage – 42%
- Units – 46
- Studio – 0
- 1 Bed – 11
- 1 Bed + Den – 11
- 2 Bed – 23
- Underground Parking – 31 spaces
- Bicycle Parking – 31
- Storage – 28
Financial Analysis of Concept
The TD1 zoning permits the development of a mid-rise residential building. A full architectural package was submitted for rezoning and a subsequent concept that revised the unit mix was completed in June 2024.
The two concepts developed for the site contemplate different unit mixes. Concept 1 (submitted for rezoning) has more 2 bedroom units (x%) and no studios. Concept 2 contemplates more overall units with a greater mix of smaller layouts including studios (xx%). Below is a financial analysis using data from the two concepts to estimate the building value of a completed project.
The Land Value per Door analysis demonstrates median pricing of 2.37M, with the per door value adjusted for unit mix and number.
