Monday, January 9, 2023

9022 Clarkson Ave, Black Creek

Units 12,14,15, 4, 9 and 6 are listed on MLS. The listing for unit 4 is 560 days old. Terrapin Mortgage Investment Corp. (TMIC)
Room Rates
Peak(June 1-Sept 30) - $1,000/night
Low (Nov 1-March 31) - $400/night
Mid (April 1-May 31) - $600/night
Note: All rates are subject to Government Sales Tax (5%), Provincial Sales Tax (8%), MRDT Tax (2%), and an exit Cleaning Fee of $250.
Jan 19, 2023
Jan 19, 2023

About December 15th 2022. Units are open with no heat in evidence. Temperatures were as cold as -10C. Construction was halted in early November. Wood frame units ARE drawing moisture.

At last report the GC was Saywell Contracting. Here.
January 6, 2023 - Progress is not in evidence, nor is hoarding. This is 'Building 8'
January 6, 2023. - Progress is minimal. Units are still open and drawing moisture. The touted April completion is impossible, even if proper work was financed and started again now. If stars aligned this project would not reach lock down before June. Without a General Contractor - which pictures suggest, a completion date is speculation.

An update was posted on google by promoters today (Jan 8, 2023)
"January 2023 Construction Update:

Construction continues, progressing from the water side back to the road, with the most complete units being the waterfront ones. Tongue and groove ceiling install is completing as well as millwork install on the two waterfront buildings. The other six buildings are at various stages, working from the water back, with HVAC, insulation, drywall, and siding progressing along nicely. The last building to complete construction is Building #8 at the back and is the smallest of the eight buildings and is currently being framed up and backfilled. Excavation for the garbage enclosure at the back of the property is happening concurrently. Looking forward to sharing more progress updates and seeing the finished product in April/May for rentals commencing this Summer!"
Western Canada Monthly Income Fund 2018 ----->