Comment 119629

By mdrejhon (registered) - website | Posted July 04, 2016 at 10:58:27 in reply to Comment 119512

Anecdotally, the rent for some units was in the range of that number, $900-ish per month (not sure if that was a specific unit, or an average, etc) -- but don't take my word for me, it's only what "I heard from Facebook". Some of the capital costs have already been paid outside of Indwell (e.g. government pitch-in), plus you have to throw in inflation indexing, so that is probably where maintenance costs will come from.

Also, being Indwell's great new headquarters right on the LRT corridor, we can look forward to Indwell building a few (plenty?) more of these over the years along the TOD corridors, I would imagine. I imagine that being head office, it will have a little better-than-usual maintenance attention (reputational, longevity) and lower maintenance costs (due to on-site staff).

Comment edited by mdrejhon on 2016-07-04 11:02:17

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