Why live downtown?

CBRM Regeneration Co-ordinator Bradley Murphy discusses housing in Downtown. Sydney is the biggest urban centre on Cape Breton Island. It acts as a crossroads for most if not all communities across the island. Though this is the case, there are not a lot of affordable housing opportunities for individuals who both live and work in the downtown. Consider the benefits of living in a downtown: Economic: Save money on gas, car bills, and mortgage, support local restaurants, shope, and café’s. Health: Walking everyday to access work and amenities keeps your body moving and heart active. Social and Environmental: Living in a downtown creates more opportunities to interact and socialize with others, as well as reduces your environmental footprint on the planet. SYDNEY WATERFRONT DISTRICT The district is loosely defined by the waterfront, George Street, Townsend Street and Dorchester Street. Within the boundary there are a total of 221 housing units, 81 of those units are not included in Vista Heights at the base of Prince Street (Vista Heights has a total of 140 units marketed for seniors.) The Sydney Waterfront district has approximately 230 000 square feet of vacant space in the buildings. We are also experiencing housing shortage. Put two and two together. Housing Shortage + Vacant Space= opportunity Jobs for Landlords, architects, contractors, carpenters, plumbers, craftspeople, and on and on. Surely we can come together as a community, hand in hand with building owners to convert some of these spaces into housing opportunities for youth, and families alike. This will help contribute to a vibrant and growing downtown core that will benefit the rest of the island, it is all translatable to the other communities as well.

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https://capebreton.lokol.me/why-live-downtown
CBRM Regeneration Co-ordinator Bradley Murphy discusses housing in Downtown. See more at www.sydregeneration.com
Location CBRM Sydney People People News & Stories

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caleb gibbons Follow Me
Plenty of merit to you plan, but folks would likely push for a tax abatement given the taxes they pay at the Wentworth Condos (5-7 grand for units approx. 750-1300 sq. ft.). I'm sure many are on a fixed income and that is a big tax bite. Young families would have same issue.
Joe Ward Follow Me
The Chernin apartment tower will be beneficial here. Density begets activity. It would be fantastic if CBU President Dingwall could secure funding to build an in-city (downtown) residence tower in the downtown to meet the rising demand of International student enrollment that has left some students scrambling for housing upon arrival, and paying higher market rates as local landlords realize demand had seemingly surpassed supply. As long as the buses are reliable, students may prefer living within the food and entertainment district of Sydney. In terms of coming together as a community, what would be the ask here? I agree with Caleb that tax incentives are probably the most motivating incentive to investors in properties located within the downtown footprint. If our future CBRM charter were to progress and give some alternative methods of working with tax rates, something designed to directly impact housing would be a great consideration. Taxes definitely put upwards pressure on rent making them less affordable options. With lower median incomes here, that must be a consideration. Higher, stable incomes tend to become homeowners, more often than not getting more home than the rental market can provide even with taxes and insurance factored in - and allowing them to start building equity.

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