I did this sketch design for a housing coop I’m working with.
This design by Prof Bruce is worth millions.
Or maybe I meant to say, “Minions?”
In any event, the animations in this design include:
* architectural theming
* social enterprise (eg, daycare)
I also did an analysis of cost to complete. If it’s built on a commercial basis, it will cost around:
If there are some subsidies (rebates of development charges and building permit fees by the city and a grant of land), it will be:
The cost to service the mortgage (assuming they get a ltv (loan to value) ratio of 100%, ie, it’s fully financed at 2.5% for 30 years) is:
on a commercial basis and:
if there is some subsidization.
These are all 2-bed, 1-bath units.
In case you’re wondering what the heck a “manufactured” walkout condition is, here’re a few examples:
There may be other grants that the coop (they shelter abused women and children) can apply for plus maybe they can get the national government to rebate HST (harmonized sales taxes) too, paid on fees and construction…
Bruce M Firestone, B Eng (civil), M Eng-Sci, PhD
ROYAL LePAGE Performance Realty broker
Ottawa Senators founder
Real Estate Investment and Business coach
MAKING IMPOSSIBLE POSSIBLE
postscript: here’s more data for folks who like to crunch the numbers:
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