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Car-Free Condos on the Rise in Toronto

No parking? No problem.

A boutique loft building in Toronto’s downtown core is set to become the city’s second car-free condominium.

The 15-storey development at 24 Mercer St., which was recently given the go-ahead from the city after years of back and forth, will include 14 residential units – just one per floor – and absolutely no parking spots.

Nearly 30 bicycle parking spots will be provided, however. If residents really need a place to park, they’ll be able to rent one from nearby developments with spots to spare.

Years ago, developers would have been expected to build two or more parking spaces per unit. As downtown dwellers ditched their cars that shrunk to 0.6 parking spots per unit, and developments like 24 Mercer are the next logical step.

 

Source:  Luke Simcoe - Metro News, Toronto

 

If you want to buy or sell a Toronto condo or loft, contact Casey Ragan at 416-486-5588 or by email at casey@remaxhallmark.com

 

Casey Ragan

“Toronto’s Condo Authority”

Toronto Condos and Lofts

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RE/MAX Hallmark Realty Ltd., Brokerage
723 Mount Pleasant Road
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Toronto Real Estate Board - IDX Last Updated: 8/19/2017 6:34:46 AM