Guelphism

Planet Realty Inc.'s Downtown Blog


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The Million Dollar Penthouse at RiverHouse – SOLD!

The Southeast view from near the top of RiverHouse.

The Southeast view from near the top of RiverHouse.

In case you missed it, reports went out through both the Guelph Mercury and CKCO TV in Kitchener hailing the sale of the first Million Dollar Condo unit in Guelph’s history. Located on the 17th floor of 18 in the RiverHouse development, Suite 1703 is an immaculately appointed penthouse on the Southeast corner of the building. Large windows on both sides of the unit will flood the living areas with light from dawn til dusk everyday. The entire penthouse portfolio at RiverHouse features an exceptional level of finish.

Tricar designed RiverHouse Condominiums to be an upscale, luxury development; unprecedented in Downtown Guelph. The sale of 1703 leaves only 3 penthouses remaining from the array Tricar incorporated into their plans. In being pioneers, Tricar and Planet Realty have found that buyers are willing to pay for a premium product, especially with the variety of cultural and entertainment venues at hand downtown. It’s clear after seeing how well Guelph received the project that they made the right choice.

Below is the full article from the Guelph Mercury:

Downtown penthouse condo sells for $1 million

By Tony Saxon

GUELPH — Guelph has officially joined the $1 million condo club.

The crown jewel of Tricar’s upscale RiverHouse condominium development in downtown Guelph just sold for just over $1 million, the first condo in Guelph to hit the seven-digit mark.

The unit in question is a 3,000-square foot penthouse on the 17th floor of the 18-floor development at the corner of Woolwich Street and Macdonell Street.

The 17th and 18th floors are made up of nine penthouses.

Unit 1703 is the largest condo in the 131-unit complex. It has a southeast facing view over the river, a terrace, balconies off both bedrooms, upgraded cabinets, countertops and floorings and a fireplace. Stainless steel appliances, stacked washer and dryer and a personal wine cooler are provided.

It also comes with two parking spots. If you need a third, it will cost you $25,000. An extra storage locker costs $3,000 to $6,000. Oh, and don’t forget your condo fees ($690 per month) and property taxes (roughly $11,000).

“Since RiverHouse opened its doors it has been a runaway success. There was a huge pent-up demand,” said broker Karen Kessel of Planet Realty, which has been selling the units. “There was a need for a luxury condo for downtown Guelph.”

The identity of the buyer was not revealed.

Kessel said that while there have been some younger people buying the units, and Toronto commuters, the majority of buyers have been more mature homeowners looking to downscale to something smaller that doesn’t include maintaining outdoor property.

“The lion’s share of the people are looking to downsize,” she said. “They want to move into an urban setting that provides a certain lifestyle.”

The cheapest units in the development are priced in the low $300,000s, but only four units in the entire complex remain unsold.

Kessel said the buyers are attracted by the quality of the units and location: being near the amenities that downtown offers, most notably entertainment and restaurants.

People are scheduled to move into the lower units beginning June of next year, with the penthouses expected to be move-in ready by the following December.


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Enjoy the Weather on Guelph’s Great Trails!

RoyalCityParkEven though it’s taken until the month of June to string together a run of decent weather, there’s still plenty of it to come. If you’re looking to get out and make the most of it all, a hike along one of Guelph’s great outdoor trails would be a great place to start.

Guelph has over 1,000 hectares of city parks available to everyone, and with those come over 70 km of premier walking, hiking and cycling trails. Located throughout the city, maps are available here for you to start your next adventure.

The city features 3 sets of trails that exceed 10 kilometres in length: The Guelph Humane Society Trailhead, the Hanlon Park Conservation Area, and the University of Guelph’s Arboretum Trails. Each makes for it’s own unique experience, combining interaction with nature and wildlife with great exercise and a healthy lifestyle.

One of Guelph’s most storied and scenic trails is the Speed River Trail, which just turned 40 years old. Here’s a write-up on the celebration from this week’s Guelph Mercury. Hope to see you out and about this summer!

Hikers celebrate as Speed River Trail turns 40

C. Heralt, Guelph Mercury, June 2nd, 2013

GUELPH — Dozens of the region’s most committed hikers, some freshly mosquito-bitten and slightly muddied, joined together at Silvercreek Park Saturday evening to celebrate the 40th anniversary of the Speed River Trail.

It’s a 13.5-kilometre path that takes hikers through the broad valleys of the Speed River toward Cambridge. It also reveals parts of the Guelph spillway, which was carved out of the earth from floods that followed the last ice age.

Bill Mungall, a former provincial parks planner who now serves as the president of the Guelph Hiking Trail Club, credits the continued dedication of volunteer “trail captains,” who keep fallen branches, grass and weeds from swallowing up the paths, and landowners along the route, who agree to host the trails on their property without receiving any compensation.

Mayors Karen Farbridge of Guelph and Dennis Lever of Puslinch were on hand to congratulate the group on their milestone.

“The main vision that works for me is that from Guelph, you can walk from here to the Grand River, or here to the Bruce Trail,” Mungall said. “That’s what inspired the original visionaries who started the club back in 1971.”

Bob Fanning was around back when the hiking club got rolling. He described how the club’s first priority was to build a link to the Bruce Trail, which runs from Tobermory, Ont. to Niagara Falls. It followed the bored-out path of a decommissioned electric train line that led past Acton, and became known as the Guelph Radial Line Trail.

Two years later, members of the club began clearing the path for the Speed River Trail, and negotiating agreements with landowners along the route. There are now 18 landowners who have agreed to host parts of the Speed River Trail.

He said that many hiking club members have been walking the trails for decades, but what they expect to do and see today is different than before. It is no longer strictly about hiking and naturalism.

As activities co-ordinator for the club back in the 1970s, Fanning said he would “try to organize one outing or activity per week.”

“Now if you look at the club’s website, there’s 250 activities going on per year.” Photography, endurance running and birdwatching have become more common uses for the trails in recent years.

Mungall said membership is on an upswing, growing to around 230 people this year. He said the growth is driven largely by seniors, and also by people of all ages who use the trails as an inexpensive means of exercise, “without having to do something under the scrutiny of 85 other people at the gym.”


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New Highway 7′s in Both Directions?

highway7crestMuch has been made of the demand for expansion of Highway 7 between Guelph & Kitchener, but new requests are being made by the Guelph Chamber of Commerce to broaden the route between Guelph & Brampton as well.

Their projections show it being a necessity to the viability of many local Guelph businesses over the coming years. They view present day levels of 401 congestion moving east as the main reason to expand and reform the Highway. Having a parallel corridor to ship products would eliminate some of the losses incurred from heavy gridlock along the 400 series highways.

That’s not to say all are in agreement however. Some feel that this “build another highway” mentality is what promotes the use of detrimental transportation and creates congestion problems in the first place. Others point to the expansion of GO service and other modes of transit as a way to quell the gridlock issues, while protecting the environment and being more progressive at the same time.

Have a read through Chris Heralt’s Mercury article and pick a side for yourself:

Chamber of Commerce pushes for Highway 7 upgrade between Guelph and Brampton

Chris Heralt, Mercury Staff, Tuesday May 21

GUELPH—A four-lane highway leading to Brampton, similar to the one approved between Guelph and Kitchener, will eventually be required by the local business community, argues the president of Guelph’s Chamber of Commerce.

Lloyd Longfield says the Guelph Chamber of Commerce and other chambers across the province have begun lobbying the province to explore the possibility of upgrading Highway 7, some time in the next 20 years.

“Rather than mimicking the highway to Kitchener,” the new highway would give “us a parallel route to the 401, only not ending in Toronto,” Longfield said.

The expanded expressway would help area manufacturers, farms and other businesses move goods to the Greater Toronto Area without clogging Highway 401, which often slows to a halt due to traffic volume, accidents, construction or a combination of all three.

But the new highway would likely pass through sensitive environmental areas, and have to cross part of the Niagara Escarpment, which is protected by an agency of the Ontario government.

Terry MacIntosh, a naturopathic doctor and co-founder of Sustainable, Healthy Integrated Forms of Transportation or “SHIFT,” said he is concerned some are entertaining the thought of a new highway before GO Transit or Via train service to the city is improved.

“It’s more of the same,” MacIntosh says of the push to build a Brampton-Guelph expressway.

Ben Bennett, an activist and writer in Guelph, called the plan “more absurd 1960s thinking.”

Critics say building more limited-access freeways will only incentivize people and firms to drive more often and deliver more goods using trucks, thus increasing the region’s carbon footprint and threatening ecologically sensitive areas.

But Longfield says the highway upgrade can be done responsibly.

“You look at highways that go through mountains and environmentally sensitive areas, and turn those types of challenges over to the people who know how to do things properly.”

But Cam Guthrie, a city councillor, said that without the new highway, Guelph will not attract investment from firms seeking to locate and invest in Ontario.

“Not everything can be transported on bicycles,” Guthrie said, dismissing concerns from environmentalists.

Longfield encouraged those who would oppose an upgraded highway to “contribute to the conversation.”

“It’s good to have other points of view to make sure you come up with the right answers. You come up with better solutions with more voices at the table.”

The province’s long-term transportation plan already calls for the widening of the 401 to six lanes each way, linking Highway 400 to the 401 near Milton and upgrading the Hanlon Parkway over the next 25 years.

“In 20 years time, Guelph is supposed to have 50,000 more people living here, we’re supposed to have 31,000 more jobs,” Longfield said. “We don’t think there’s much of an alternative other than to start talking about it.”

Guthrie predicts city council would be divided on the issue of a new highway.

“It is unfortunate that one half of the council doesn’t understand the importance of moving goods and people to our local economy.”


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Community CarShare set to hit Guelph

The Guelph Community CarShare Fleet (via @CarShareCoop)

The Guelph Community CarShare Fleet (via @CarShareCoop)

The concept of the CarShare program may be foreign to many, but the idea has grown in popularity as the cost of car ownership is at an all-time high. Instead of owning a car which is driven only on occasion, a car share is a cost-effective means of having the mobility and flexibility you require, without the fixed costs of driving. Instead of paying for ownership, maintenance, licensing, and insurance; you can pay a much smaller membership fee in exchange for the right to use one of the co-operative’s vehicles at designated times.

This launch coincides with the downsizing trend we’re seeing in Guelph, and the Greater Golden Horseshoe as a whole. The move into smaller spaces and intensified cores decreases our reliability on cars. However, as we all know, there are still times where a car is our preferred means of getting around. Sharing a car is a great alternative to true ownership for those who are contemplating getting rid of either their primary or secondary cars, whether it’s because of a change in lifestyle or a move to a home where parking may be unavailable.

The Community CarShare was Ontario’s first CarShare program, and was first launched in 1998 in Kitchener-Waterloo. Since then, the program has expanded to Hamilton, Elmira, Niagara and now Guelph. Their mission is to ”deliver a carsharing service and to promote carsharing as an important component of a sustainable transportation system…[reducing] overall transportation costs, traffic congestion and air pollution, thus improving our communities”.

The Guelph launch will see a fleet of 3 vehicles to start with, located at key areas around the city. The current lineup includes a Toyota Corolla sedan (Guelph Central Station) and 2 Toyota Matrix hatchbacks (Baker St. Parking Lot, University of Guelph). These options will be expanded as demand grows, and the co-op will add cars in key locations to satisfy the needs of their members. In the near future, there are plans to add an additional vehicle both at the University of Guelph and the Meadowview Apartment Complex.

They also offer flexible membership options to suit various usage needs. If you plan on using the car frequently, their “Classic” or “Regular” plans may suit you well, as they come with a higher monthly fee, but a smaller variable cost per km and hour. The “Simple” plan has a flat rate annual fee, and 100 free kilometres, but has a more expensive charge per hour. The clear, unique plan options help to ensure those who are considering enrolling are able to pick a plan that works for them, from both a budget and practicality standpoint.

For more information on the Community CarShare, you can visit their website at CommunityCarShare.ca. There you’ll find all their fleet locations, future parking spots, cost comparisons and much more.

 


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Best Western Re-Development Closer to Fruition

The proposed Abode Student Housing development. Guelph Mercury Photo.

The proposed Abode Student Housing development. Guelph Mercury Photo.

If you had to pick a controversial property in Guelph, none would come to mind sooner than the Best Western at the corner of Stone Rd. and Gordon St., just across from the University of Guelph.

It’s at this location that Abode Varsity Living has proposed a high-density, student rental-focused development, at a scale not unlike the Edinburgh Village complex on Chancellors Way. The difference is the site location (on a busy intersection) and the much-smaller size of the property.

An application for re-zoning was originally filed by the developer in 2010, and has since been met with strong resistance from both the city and surrounding neighbourhood. The proposed facades, while architecturally appealing are also large and imposing. The neighbourhood association wishes for them to be scaled down significantly, and rejected 3 different proposals from the developer.

Last week the Ontario Municipal Board ruled heavily in favour of Abode’s redevelopment after they filed a complaint against the city for perceived stalling and an unwillingness to move, whether or not that was the case. Subject to minor variations for maximum heights, land inclines, setbacks, etc., the OMB felt that the development was reasonable for the plot of land and its location. This ruling should expedite the development process over the coming months.

While this story is far from over, we thought we’d share with you the original proposed rendering. The scale of it is certainly something to behold. Even at a reduced height, the proposal is a far-cry from the current low-rise hotel/conference centre use. Seems like only a matter of time until these renderings become a reality.


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Farmers’ Market Renovations Set to Begin

Photo Credit: GuelphTribune.ca

Photo Credit: GuelphTribune.ca

This summer, Guelph’s construction season extends beyond the roads as the downtown Farmers’ Market is set to undergo a transformation. From mid-June through the end of August, the market will move from its current location at 2 Gordon Street to the Exhibition Arena at 70 Division St. This will allow for extensive renovations to “provide an opportunity for the City to improve accessibility, the long-term maintenance and operation, and overall aesthetics” of the market’s home. These improvements are expected to include new paint, new accessible washrooms and layout improvements to remove mobility barriers, and much more.

The $500,000 renovation is expected to take 12 weeks, but the city has strived to minimize the impact on those who frequent the market. They’ve offered free parking in the Fountain Street lot during market hours and have set up a free shuttle service to and from Exhibition Arena from the market’s Gordon St. location. Notable too is the amount of free parking readily available on-site at the arena.

Sometimes it’s necessary to deal with service interruptions for the greater long-term outcome. We’ve seen it with the Hanlon Parkway, we’ve seen it with City Hall, and I’m sure we’ll see it again with the Farmers’ Market. More people living in Downtown Guelph could create a greater strain on the market’s infrastructure. Now is the time to be proactive and improve the market before it becomes a necessity. In spite of all the changes, it’s still shaping up to be another great summer to visit the Guelph Farmers’ Market.


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April Showers Bring May Home Sales

PR-globe (1)The traditional “spring market is heating up” rhetoric may or may not be overplayed, but the reality is: The spring market is where all the action happens. It is without question the most popular time of year for listings to hit the market, as sellers aim to capitalize on the better weather for marketing and showing their property. It also bodes better for families, setting up a moving day ahead of when kids go back to school, making for an easier transition for everyone.

Market conditions create opportunities, though different circumstances influence who holds the upper hand. A few listings could trigger a boom in Guelph this spring, as the way things stand, the market is very seller-friendly. The quantity of transactions in Guelph is down from this time last year, though average prices have continued to rise. The numbers seem to suggest a shortage of available properties, which coincides with the consensus among Realtors. With more buyers than sellers, great properties should sell rather quickly, as buyers have additional motivation to act.

With a shortage of properties on the market, as you could expect, homes have flown off the shelves. The average number of days spent on the market is around 27 days, which is exceptionally quick. The sale to listing ratio has been floating around 70% as well, suggesting that the majority of listed properties are selling well within a reasonable time.

If you were considering a move in the coming months, a sellers’ market presents a great opportunity for a seller to capitalize. It means your likelihood  of achieving a timely sale, in a market more willing to pay your asking price, improves significantly. There may be a lot of hype around the spring market every year, but it always seems to live up to the billing.

Planet Realty is a full service brokerage and has a firm understanding of Guelph’s real estate market.  We guide both sellers and buyers through the process.  If you are considering selling or buying a home, do not hesitate to contact us.  We are here to help!

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