03-29-2017, 08:04 PM
tomh009: There is always the option of applying for a variance, true enough. But that uncertainty needs to be subtracted from the purchase price- if that means a reasonable purchase price is less than what the municipality needs to proceed with the sale, then nothing happens. That's why I say that Kitchener should proactively move to zone this parcel for more density, to incite a sale. It's in everyone's interests.
You're right that the property probably isn't big enough for a significant expansion even with the west-side addition torn down. I wonder how easily that would be addressed by buying out the neighbours. a potential buyer could only increase the parcel by 50% by buying towards Stahl. That's another unknown that impedes a sale.
You're right that the property probably isn't big enough for a significant expansion even with the west-side addition torn down. I wonder how easily that would be addressed by buying out the neighbours. a potential buyer could only increase the parcel by 50% by buying towards Stahl. That's another unknown that impedes a sale.