Quote:
Originally Posted by wrenegade
$50k is pricy, but that isn't that much of a premium over what they cost to build. Other developments that sell spots (or 2nd spots) at $25k are actually quite a deal.
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WOW! Not DT, but my previous residence in Kits charged I think $15K for additional parking spaces, and a UBC residence I owned was $10K/space.
I found this surprisingly cheap to contravene property lines, etc.:
Quote:
As was the case for the Seymour and Richards Projections the Director of Real
Estate Services has determined that the lease payment is to be based on the
annual charges established (from time to time) under the Encroachment Bylaw
which as of January, 2012 are set at $170.03 plus $4.54 for every square foot
exceeding 150 square feet. A calculation based on preliminary drawings yields
an annual charge of approximately $2300 for the Lease Premises. The annual
Encroachment charge will be allocated to the Encroachment Revenue Account
(Business Area 9200, Cost Centre 91050, Account 418300).
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