adamyyc
Active Member
As someone who owns and lives in one of the infills on 33rd, I can tell you what my motivation was when I bought 5-6 years ago). We love the neighborhood and the walkability of Marda Loop, but at the time the same home 2 streets north/south cost $200k+ more.
We took the risk buying our home because at the time, the City was proposing land use changes for the area, and were proposing to upzone 33rd Ave between 14 St and 19 St as M-H1. Our thinking was that eventually, the value of the land beneath our and our neighbours’ infill homes would exceed the value of the homes themselves, once all 50’ lots had been developed.
Unfortunately, the City chickened out and didn’t upzone the whole neighbourhood, just the BIA, and instead of the Mainstreet we are all envisioning, we are getting a mishmash of 5-6 story buildings, and R-CG and H-GO” developments.
I don’t regret our purchase, because I love our home and neighborhood, and have no issue with the increases in density happening around me (I welcome them because they mean more retail, restaurants, and services), but I would get out of the way to make way for more housing on the Main Street if the City would make my property valuable enough for a developer to want to build on it (i.e., higher density).
We took the risk buying our home because at the time, the City was proposing land use changes for the area, and were proposing to upzone 33rd Ave between 14 St and 19 St as M-H1. Our thinking was that eventually, the value of the land beneath our and our neighbours’ infill homes would exceed the value of the homes themselves, once all 50’ lots had been developed.
Unfortunately, the City chickened out and didn’t upzone the whole neighbourhood, just the BIA, and instead of the Mainstreet we are all envisioning, we are getting a mishmash of 5-6 story buildings, and R-CG and H-GO” developments.
I don’t regret our purchase, because I love our home and neighborhood, and have no issue with the increases in density happening around me (I welcome them because they mean more retail, restaurants, and services), but I would get out of the way to make way for more housing on the Main Street if the City would make my property valuable enough for a developer to want to build on it (i.e., higher density).