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New 12-storey apartment building gets staff approval

City staff supports plans for a new apartment complex in Downtown Guelph
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45 Yarmouth St.
Original concept drawing for the proposed apartment building at 45 Yarmouth St. It has since been reduced by two floors.

City staff has given its stamp of approval to a proposed 12-storey apartment complex on Yarmouth Street in downtown Guelph.

The development is proposed for what is currently an empty lot at 45 Yarmouth St., located between a nine-storey apartment building to the north and the heritage Raymond Sewing Machine Company building to the south.

The staff recommendation comes before a planning meeting of City Council on Feb. 13. The developer still needs a zoning by-law amendment to allow the 12 storeys and some other minor variances.

The development would have 75 units, 62 off-street parking spots in an underground garage and a 143-square metre commercial unit fronting Baker Street. It would include 55 two-bedroom units and 20 one-bedroom units.

The developer, Ayerswood Development Corporation, had originally been seeking a zoning amendment that would have allowed a 14-storey, 89-unit building, two floors above what is currently permitted.

But they changed their minds following a public meeting held on the matter in April.

The staff report says that the proposed development would bring in an estimated $1.27 million in development charges and annual property taxes of $317,000.

 

 



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