Proposed Hampton Village re-zoning not popular with some area residents
A city of Saskatoon proposal to rezone a parcel of undeveloped land to accommodate high-density housing in Hampton Village has some area residents crying foul.
Joel Anderson, “a new resident of Hampton Village” is quoted in a story in today’s Star Phoenix. “It’s hard to say it without sounding a little snobbish. You want to live in a nice area that equals what your income is, and you don’t want to be surrounded by low-income housing. That’s why we didn’t buy something down in the Riversdale area.”
310 Hampton Circle (in red)
The undeveloped land located at 310 Hampton Circle is currently zoned RMTN and accommodates townhouse developments at low to medium densities. The proposal, which has already passed through the municipal planning commission and will soon be heard by council calls for a zoning change to RMTN1 which can accommodate higher density developments that can generally be sold for less, raising some concern that the homes may become a target for real estate investors seeking cheap rental property.
“If you look out my backyard and you see the tops of these cheap townhouses, it’s definitely going to take away. It may not hurt the value too much, but it will definitely make it harder to sell,” Anderson said.
UPDATE: On March 1, 2010 the proposed re-zoning of this property was passed by city council.
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Royal LePage Saskatoon Real Estate
3 comments so far. We'd love to hear your thoughts.
December 21st, 2009 at 5:23 PM
I think the existing RMTN zoned townhouses are already quite well priced and look classy. It’s funny that the City of Saskatoon feels houses need to be even more affordable when the Bank of Canada feels the opposite, as mentioned in your next most recent post.
Considering the BoC’s suggested change, eg. the downpayment requirement becomes 10%, and a $200k house is less affordable than a $250k house was with a 5% downpayment, at least to most people buying in that price range. By the time this housing is available a year from now it’ll have been made irrelevant by the BoC.
December 23rd, 2009 at 9:25 AM
Wow. Joel Anderson, I hope you have debt left to buy a moat and a few crocodiles. Maybe living in a city isn’t for you?
Dirty people on the left, clean people on the right, right?
Don’t worry though, house prices are berserk in Calgary and the houses there look like a lineup of dominoes.
…and some people say the youngsters have entitlement issues.
February 15th, 2010 at 1:35 PM
These East Hampton Townhomes are really UGLY.