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Madison Pacific Properties Inc T.MPC

Alternate Symbol(s):  T.MPC.C | MDPCF

Madison Pacific Properties Inc. is a Canada-based real estate company, which owns, develops, and operates office, industrial, commercial, and multi-family rental properties located in British Columbia, Alberta, and Ontario. The Company also has investments in joint ventures that develop residential properties. The Company’s investment portfolio comprises around 54 properties with approximately 1.9 million rentable square feet (sq. ft) of industrial and commercial space and a 50% interest in two- multi-family rental properties with a total of 94 units. It offers a range of property management services for its portfolio of investment properties, which include tenant services and relationships, building operations, lease administration, property accounting and reporting and project management services. Its development properties include a 50% interest in the Silverdale Hills Limited Partnership which owns approximately 1,400 acres of development lands in Mission, British Columbia.


TSX:MPC - Post by User

Post by undervalueon Nov 17, 2023 12:22pm
92 Views
Post# 35741306

Provincial math.

Provincial math.Density of the detached lots in Silverdale central
I have no idea how the new provincial rules will eventually settle out.
Here is the rough math as per the news.
The central neighbourhood was planned to have 377 acres of single family.
The expected density was 5 homes per acre. Roughly 809 sq m per detached home.
The province thinks a detached lot is 280 sq m.
That would yield 14.4 per acre. On this lot, 3 units.
377x14.4x3 is 16,286 units just on the single family planned lands in central.
This is in contrast to the 1885 planned.


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