04-20-2017, 08:59 AM
(This post was last modified: 04-20-2017, 09:04 AM by Viewfromthe42.)
What's interesting about this is how progressive the post author, Juanita Metzger, is, and yet how quickly she reverts to opposition to nearly the gentlest of densities. I'm curious if she misstated things to MPAC to get a more negative response. Based on the proposal, the 6-storey buildings would be created behind the three-storey townhomes, and it would not be surprising if they were separated enough that onlookers from across the street couldn't see the 6-storey buildings, much as the frontage of Huether Hotel/Cafe1842 makes the surprisingly tall Princess Condos very well hidden from those on the east side of King. But back to the point, her 5% decrease in property value was based on having a 6-storey building built next to her property, but based on this proposal, construction of this would largely yield trading a light industrial property across the street into a 3-storey building across the street (I'd be surprised if MPAC saw any negative value prediction for this), and with 6-storey buildings being built behind that, with parking/green space separation between the two. Then we add this to the concept that Waterloo region has seen a year over year house price increase of ~30%, completely undeserved, and a 5% reduction is the most unacceptable thing to have happened to anyone. 