Sugar Wharf Condominiums (Phase 1) | 231m | 70s | Menkes | a—A

Red Mars

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Aug 18, 2022

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ryanbruins17

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Not sure how real the 'sky' is in this photo but it's a good view towards this project (MLS C5731232)
View attachment 421511
Really wish we had way to see this view but 10 years ago to see all the changes in the frame. Most of the buildings over 15 storeys are from the last decade at this angle. Crazy
 

Rascacielo

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Really wish we had way to see this view but 10 years ago to see all the changes in the frame. Most of the buildings over 15 storeys are from the last decade at this angle. Crazy
Yup. Going back 15 years, you can pretty much erase nearly all the highrises to the left of the CN Tower in that picture.
 

HousingNowTO

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Im assuming these are not subject to any kind of rent-control ?
They are usually not allowed to ask for Rent-Increases that would take them beyond the 80% of AMR bands for the duration of the Affordable-Housing agreement with the City.

These year-one (2023) rents are about HALF of what the Market-Rent units will ask for units of those sizes in that building.

 

Amare

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They are usually not allowed to ask for Rent-Increases that would take them beyond the 80% of AMR bands for the duration of the Affordable-Housing agreement with the City.

These year-one (2023) rents are about HALF of what the Market-Rent units will ask for units of those sizes in that building.

So in practice, what would that kind of calculation look like for something like a 1 bedroom here for example?

I'm unfamiliar with the allowable rent increases for these type of situations/housing stock.
 

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