Fair. Fwiw, there are some 3-bedroom units on and around Walmer in the $2,700-3000 range (If you can get one!) -- they're quite large but typically don't include parking, in-suite laundry or more than one bathroom.
Those Rents would be in old 1960's and 1970's apartment buildings on Walmer, right..?
I'm on ODSP $488 a month due to me working and these mirvish village condos are within my monthly income range and I have applied for a studio unit on their site.
I remember when I was at one of those public presenetation for this project where the devs where talking about providing some sort of assemblance of affordable housing, even for those on a fixed incomes. I am very pleased that Westbank stuck with their word on this. And I wish more developments did this...as it is desperately needed.
I used to live on Walmer! You can probably find stuff in that range at 666 Spadina as well. But those are all older buildings without laundry, dishwasher, parking, etc. I don't know if the number is $4500. It might be $4200. But it's certainly not $3500.
The mirvish village rental apartments which will be new will have laundry stacked washer and dryer unit, dishwasher etc like the new condos.
Correct, they're all old(er) buildings! Judging by photographs, many of them have been upgraded in the last 5-10 years.
"RGI / Social Housing" rents in TCHC buildings can be well below $1 per square foot - which doesn't begin to cover much of the operating and state-of-good repair costs on the unit in 2023. That's why it is sometimes called "Subsidized Housing".
