05-12-2016, 10:02 AM
(05-11-2016, 08:35 PM)tomh009 Wrote:(05-11-2016, 06:12 PM)panamaniac Wrote: That seems bizarre. Who manages the Bauer building?
If it was the property manager, most likely he was there by the request of the condo board.
(05-12-2016, 09:29 AM)Viewfromthe42 Wrote:(05-12-2016, 08:34 AM)schooner77 Wrote: I believe it's one parking space per unit at 144 and 155 and I know they don't have visitor parking up and running because they don't have the spaces. When it gets down to it, it's what the market will bear. Condos without parking are going to go for less, how much less is the question. Until the density climbs to a point where you can exist without a vehicle, you aren't going to get it. I moved to Waterloo for the chance to live in the city and went from two or three cars to one, as that is all I have parking for. I still visit Toronto to see my kids, and visit spots outside the city, as well as under serviced or non-serviced parts of KW. I'd love to be able to ditch the last car, but it isn't practical for me.
They won't know until they start somewhere. I've yet to see a building separate out the condo and the parking portions of the purchase price, and allowing people to buy even some units without parking, and with a price that is substantially lower due to giving up parking. It's great to be able to get down the number of cars you have, and it's important to take chances to inch closer to the mileposts, and if we're at 1 space per unit, the next milepost is to advertise one bedrooms from $140K, plus $60K for a parking spot, in a building where maybe only half a dozen units will wind up going without parking. I've managed to go several decades of life without owning a car, thanks to the ease of Community Carshare, Enterprise, flying from YKF, taking GO, VIA, and Greyhound, each as is appropriate, but I'd like to be able to consider purchasing a condo without the $40-60K cost of parking built into my purchase price.
Built in to your purchase price AND your re-sale price. although I agree that it should be an option (foregoing a parking spot would not save you 60K, however. More likely about a third of that, no?) . I am perhaps too influenced by the Arrow Loft experience, where an annex to the parking garage had to be built to meet the demand for parking - one spot per unit is simply not going to cut it for many down-sizing boomers and working professional couples.