Construction site is busy as long-term project becomes a reality
(Note: Since this blog was written, many amenities, including possible rental rates, have changed or at least have been formalized as there is now occupancy of these rental units. Contact Barb Losee at the Riddell Street site today for more details)
By Mark Schadenberg
This past autumn as the leaves were
falling and pumpkins were carved, I raked together most of the local
residential projects into one large pile, posting an update blog to a new
condo project on Munnoch (not under construction yet), along with expanding construction
subdivisions, and two different housing plans for Riddell Street.
The link for that entry can be
discovered below.
Rembrandt Homes of London currently has
a large ranch, which appears to have a second floor loft, under
construction across the road from the old hospital. They are billing
this as 273 Riddell Street or Rembrandt Estates. The price tags begin
around $460,000. See: www.rembrandt-homes.ca
The actual old hospital property across
the street is (apparently) still available but has been cleared for
its next owner for low or medium density residential.
NELLWOOD
My today update today, however, is the
former Beckett Farm Market lands at the corner of Riddell and
Melbourne streets (225 Riddell).
Woodstock's Ray Losee (Nellwood
Construction; 536-9861) has been the developer on this vacant
property for about five years and the original plan was for high
density – or a multi-storey apartment building, which would have
likely been earmarked as condominium apartments in a 10-storey
130-unit (or more) structure.
With a similar apartment building closeby on
Admiral Street (Northgate Towers), it would seem that city council
would approve the idea.
However, due to an obvious shadow
effect with the homes on Melbourne, the Riddell Street plans went
back to the 'drawing board' and eventually 56 2-bedroom
bungalow-style (stackable) row townhouse units (with 90 parking spots
approved) passed the grade and are now currently under construction
on the 2.27 acres parcel. The layouts are similar to other one-floor
plan stacked townhouses which include one unit essentially on top of
the other, or a main-floor apartment with a lower-level apartment
below. When completed, the complex will include street access to
Riddell, Melbourne and Graham streets. The largest square footage is
about 940 and the market rent will be approximately $1,100 monthly.
There is a reserve list already
compiled, so if you have interest in being a tenant contact them
today at 1-888-330-3866.
For further details on investing in the
project (purchasing a unit), contact ProFunds at www.profunds.ca
as units are for sale to investors. It is safe to assume that if you
buy a unit, you may also reside in it.
Riddell Gardens is the creation of
Nellwood Construction, and all units will apparently be focused
solely for the rental market, but ownership is described on the ProFunds website. Interested parties can contact their management team at
1-888-330-3866 for more details on occupancy timetables.
By looking at the construction site and
after talking to Carmen on the phone today from ProFunds, it would be
estimated occupancy for mid-July.
If you are thinking about possibly re-locating there, give me a call today and I will add a few more details.
QUEEN'S PARK
I love to refer to the Provincial
Policy Statement about urbanization as often as possible in this
space as it truly deflects concerns of a city or county council to
future urban growth of any type as the provincial folks are insisting
on 'intensification', which means crowding as much residential into a
small space as possible. The density calculators change when
comparing villages (with services) to towns to medium cities to metro
high risers in locations such as London.
Ray Losee is a very well established
Woodstock-based construction firm as they built the townhouse complex
at Anderson and Canrobert, and most of the homes on Hunter's Gate
near Mill and Athlone, plus other subdivisions.
Obviously many
different trades will be on-site at Riddell from Blue-Con Construction out of
London to Woodstock's Glenile Services, to concrete, plumbers, brick
layers, vinyl siding installers, carpenters and drywall experts.
I think this Riddell Gardens
neighbourhood and the various possibilities at the former hospital
site are equally terrific as both these properties are on the top of the
re-development list for Woodstock.
Over-head photo from a previous County Council agenda
LINKS:
http://markroyallepage.blogspot.ca/2012/10/important-zoning-change-approved-by.html
OTHER
LINKS:
Update
www.rembrandt-homes.ca
Rembrandt website:
Woodstock is my home; real estate is my
career
Mark
Schadenberg, Sales
Representative
Senior
Real Estate Specialist (SRES designation)
Royal
LePage Triland Realty
757
Dundas St, Woodstock
www.wesellwoodstock.com
(519)
537-1553, cell or text
Email:
mschadenberg@rogers.com
Twitter:
markroyallepage
Facebook:
Mark Schadenberg, Royal LePage Triland
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