East 2nd & St. Georges Redevelopment

GWL Realty Advisor’s redevelopment proposal for 210 and 230 East 2nd Street seeks to significantly increase the purpose-built rental housing stock and diversity in the Lower Lonsdale neighbourhood.

 

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What is Purpose-Built Rental?

Purpose-built rental is multi-family residential construction designed and developed to be rented to tenants and managed as a whole, unlike condominiums which are intended to be sold to individual owners on a suite-by-suite basis who then may or may not rent out and manage their own suites. Modern purpose-built rental buildings are designed with a greater focus on long-term operations including increased energy conservation, quality and durability of materials and specialized amenities. GWL Realty Advisors develops purpose-built rental buildings with the intent to professionally manage these properties and communities well into the future.