Sudbury Northern Life Reporter Bill Bradley
More than 200 affordable condominium units are coming to Greater Sudbury.
The announcement was made at a press conference at Tom Davies Square yesterday.
The units will be built using the Options for Homes concept, which provides quality home ownership at cost-effective prices. No city money is involved.
“These developments will help to address our community's need for housing that is affordable to low and middle class residents,” said Mayor John Rodriguez.
“With our high housing prices, many people who would like to buy their first home are unable to do so. This will provide an excellent opportunity for many residents to become first-time homeowners,” he said.
One of the sites is five acres located in Chelmsford near the Place Bonaventure Mall, where 116 units are planned. A 92 condiminium complex is proposed at 162 MacKenzie Street in the downtown.
Prices, which are still approximate for the downtown location, are the following: two bachelor units starting at $86,600, 37 one bedroom units starting at $110,400, and 53 two bedroom units starting at $208,300. An income of $28,000 would be sufficient for the bachelor units. A rezoning application has been filed with city officials for the site.
The project should be completed in late 2009, noted Mike Penwarden, a local TD commercial banker and member of the city's Greater Sudbury Development Corporation board.
In Chelmsford the 22 fourplex units start at $98,200 for a one bedroom unit (17 available), $129,800 for a two bedroom unit (46 available) and $164,800 for a three bedroom unit (25 available).
Local developer Tom Corbett is the development consultant for Options for Homes locally.
For more information or to get on the list phone Mike Corbett at 675-7232 or visit the website at www.optionsforhomesgs.ca.
