Quote:
Originally Posted by GullFoss
I think people who say it won't happen in elbow park and elboya and other similar neighborhoods will be surprised at how good developers are at finding undervalued lots.
Upper Mount Royal and Brittania would be ideal candidates for r-cg if not for the protective covenants. Some of the land is pretty cheap on a psf basis relative to higher density communities.
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I definitely know that there are many homes in the Upper Mount Royal/Elbow Park area which are in relatively poor condition and the renovation/redevelopment costs are not attractive so it would make a lot of sense to turn those properties into more viable homes. We lived in Altadore/South Calgary for many years and one property still stands out to be because I believe the land is still sitting empty but it is the lot at the corner of 38 Ave and 14 Street. It was a couple of old dilapidated houses that were finally torn down.
Another thing that should be looked at is all the old churches sitting on valuable inner city land. They should be expropriated and developed into housing.