Quote:
Originally Posted by DC83
We're Transforming the Neighbourhood
Luxury Suites Available soon
Can anyone guess where there's a banner posting this message?
Yep, you got it; Main & Sherman! haha
So remember that building that was gutted by that fire 3-4 years ago on the N/W corner of Main & Sherman? Apparently the people that bought the smaller building beside it are starting to reno this once crack-den of a bldg into Luxury Suites. There's little information besides that there is a "waiting list available".
I'm pretty happy to hear, although I'm sure the rent will be too high for the neighbourhood.
Someone recently bought up another older building at King/Sherman, stuccoed the hell out of it, and turned it into over-priced condos: http://www.mls.ca/PropertyDetails.as...ertyID=6081488
So what do u guys think? Are developpers actually transforming this neighbourhood? Is it even possible?
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There was a wrecking crew tearing down the house behind this apartment building, on Sherman Ave, just north of Main St. on Feb. 25th. No doubt this will be the new parking lot for the "Luxury suites" that are being renovated there. Looks like the mandatory number of parking spaces by-law strikes again. It's a little sad to see a hundred year old house get torn down for parking, its a bit of consolation to know that the house was a bit rundown and it has the exact layout and look of about 2000 other homes in the neighborhood.
So, things are looking up for this property. Work is being done, parking is being provided.
Oh, someone mentioned that the rent for this property might be too high for the area. 2 bedroom apartments are going for between $800 - $1000 /month in the Sherman, Gage, South of Main area. I'm sure these will push that $1000 envelope.