General Urban Waterloo Updates and Rumours

[tomh009]

Our building, a few blocks away from the LRT, has about 140 units, mostly two-bedroom, 1000+ sqft. Our parking garage has about 190 spaces, excluding visitor spaces. Out of those, probably 25-30 are currently going unused.

In a new development on the LRT, with mostly 1BR units, would likely need less than one space per unit.

25-30 unused spaces suggests that there are 160-165 used spaces, or slightly higher than a 1:1 ratio of units in the building to parking spots required per unit and/or bedroom.

We have over 200 bedrooms in the building, most units are 2BR. We're well below one (utilized) space/bedroom.