Perhaps hard to tell from the photo, but the commercial unit has some lights and such up and on. Unsure if there's anything planned for the spot yet, no permits I could find for the address:
1000004039.jpg
 
Finally! When are the units available? The retailers in International Village must be overjoyed!
 
innsertnamehere said:
Looks like a decent 1-bed layout.

What's this, apartment units which are actually functional unit layouts?
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My exact thought. The condo I had purchased and have now sold in Burlington has a mediocre layout, but my parents purchased a condo in Burlington downtown with the shittiest layout I've ever seen. It's had like 40% usable space.
 
Chronamut said:
*balks at the price*

I pay like 900 for a 2 bedroom in the east end.. crazy...
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We rent out upstairs 2 bed unit for $1800/month. That's a low price for our neighbourhood by James St N. We're not interested in gouging people though, we just want to cover the cost the maintain, and for utilities with a bit extra to help with living a bit closer to our preferred area.
 
Chronamut said:
*balks at the price*

I pay like 900 for a 2 bedroom in the east end.. crazy...
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Jeezus. My friends in St Catharines pay $1,700 for a 2 bedroom (and their landlord has pressured them a few times to up the rent - quote - "Do you even know what the market rate is in 2024!?"😒)
You can't even get a studio for 900 anymore

Be grateful for your low rent! The market is terrible if you had to find new accommodation
 
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Wigs said:
Jeezus. My friends in St Catharines pay $1,700 for a 2 bedroom (and their landlord has pressured them a few times to up the rent "do you even know what the market rate is in 2024!?"😒)
You can't even get a studio for 900 anymore

Be grateful for your low rent! The market is terrible if you had to find new accommodation
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$900 is insane. I'd be able to save sooo much money with that rent. Our mortgage, property taxes, insurance and utilities is like $4500/month, but renting out upstairs makes it reasonable for us $2700/month after that. That doesn't include maintenance or renovations though.
 
Yeah I'm grandfathered in - been there 15 years - 15 years ago it was 675 a month - so they've bumped it quite a bit for me - they can drag my dead corpse out of there - I ain't leaving lol - I am well aware of what the cost of it is everywhere else, but that goes to show just how unreasonable the price is everywhere else - if I can pay that and all is still good. It means they are just upping the rent and people are just paying it, just because they can. It's greed. There is no reason to charge that much. When I started looking at rentals 15 years ago the prices for a 2 bedroom ranged from 600 to 800 dollars - now they've tripled and quadrupled all for what? Thank god for the rent cap, or they'd just keep raising it.

The unit beside me is paying I think 2100 - FOR THE SAME UNIT. Sure they added in modern counters a dishwasher washer and dryer and a microwave and laminate floors - and I have none of that (well I have a microwave lol, washer and dryer are on the first floor public though and I can wash my dishes on my own) - but still, that's not worth it. The woman on the other side of me is paying something ridiculous like 500 or 600 a month - granted she has a 1 unit and I have a 2 but still. She's been there like 40 or 50 years. I remember one year in the past she said she was paying something like 300 a month but I'm unsure if I believe that lol.. but maybe.. I mean from 300 a month to 1700 a month (which is last what I saw a 1 bedroom was worth a month in this apartment) that's crazy - that's almost a 600% increase, and why?

There is no reason you need to charge that much for rent. None. I think a big pushback has to be put on for why these people are jacking it up so high - what exactly are you getting for that price? And yeah I have no desire to get a home. I got a roommate - but I don't make him pay rent, cuz I can handle it on my own - he just does all the chores and errands and chips in for food prices lol
 
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Chronamut said:
Yeah I'm grandfathered in - been there 15 years - 15 years ago it was 675 a month - so they've bumped it quite a bit for me - they can drag my dead corpse out of there - I ain't leaving lol - I am well aware of what the cost of it is everywhere else, but that goes to show just how unreasonable the price is everywhere else - if I can pay that and all is still good. It means they are just upping the rent and people are just paying it, just because they can. It's greed. There is no reason to charge that much. When I started looking at rentals 15 years ago the prices for a 2 bedroom ranged from 600 to 800 dollars - now they've tripled and quadrupled all for what? Thank god for the rent cap, or they'd just keep raising it.

The unit beside me is paying I think 2100 - FOR THE SAME UNIT. Sure they added in modern counters a dishwasher washer and dryer and a microwave and laminate floors - and I have none of that (well I have a microwave lol, washer and dryer are on the first floor public though and I can wash my dishes on my own) - but still, that's not worth it. The woman on the other side of me is paying something ridiculous like 500 or 600 a month - granted she has a 1 unit and I have a 2 but still. She's been there like 40 or 50 years. I remember one year in the past she said she was paying something like 300 a month but I'm unsure if I believe that lol.. but maybe.. I mean from 300 a month to 1700 a month (which is last what I saw a 1 bedroom was worth a month in this apartment) that's crazy - that's almost a 600% increase, and why?

There is no reason you need to charge that much for rent. None. I think a big pushback has to be put on for why these people are jacking it up so high - what exactly are you getting for that price? And yeah I have no desire to get a home. I got a roommate - but I don't make him pay rent, cuz I can handle it on my own - he just does all the chores and errands and chips in for food prices lol
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The big difficulty is the cost of buildings/land. If I were to rent our duplex, I'd have to rent each unit for $2250/month and that would just cover the carrying costs. Nevermind any kind of maintenance or repair.

If you're paying that low rent, then either it's had the same owner for a long time who bought the property much cheaper, or other rents in the building are significantly higher to cover the loss from lower priced units.
 
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