SAINT ANDREWS – At the Monday, Nov. 8 regular meeting of Saint Andrews Town Council, members heard a presentation on a possible new condominium development.
Ross Pierce with Belmax, a real estate development company, presented to town council their intention to bring a small number of units.
The project, called Belmax Court, will see approximately 12-15 units built off of Mowat Drive. The single- story, low profile units built on slabs have the potential to bring a different mix to Saint Andrew’s housing market.
“One of the key selling features of this development is it would be a condominium development and as a result, it would be no maintenance living,” said Pierce. “All of the outside work, the lawn mowing, the snow removal.”
The units, while not fully decided on will be two bed, two bath condos with a single car garage. The proposed site is a two-acre treed lot, which Pierce says is an important part of the puzzle, as keeping as much of the tree growth as possible is top of mind.
“We want to be good neighbours, so we don’t want to create excess density in there,” he said.”
The development will require a change in zoning, although an official application has not been submitted yet. The presentation was simply to get information and the opinion of council. The application is expected soon.
“We would like to get this to market next year,” said Pierce. “We think best case scenario, we can have some occupancy by this time next year.”
Total price is not yet known; however, they are expected to be in the $300,000’s.
“We don’t have a specific price point yet for this development,” said Pierce. “But we are mindful that we are trying to target both entry-level, first-time homebuyers in the market and young professionals, we are seeing that in the demand.
“And also, in the other end of the spectrum, people who are looking to downsize and maybe enjoy some low maintenance living.”
With an official re-zoning application expected soon the process to rezone the land and bring the Belmax Court project to fruition can start before the new year.