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rpannier

(24,330 posts)
Tue Jan 7, 2020, 10:57 PM Jan 2020

This Toronto landlord has only raised rent by $100 -- since the 1980s

Fifteen houses along Niagara Street were awarded protection as heritage homes just before Christmas, thanks in part to one local landlord.

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For the past 10 years, he's been lobbying the city to do what many landlords fight against — designate the five Niagara Street houses he owned as heritage sites — a title that protects them from demolition or major renovations unless owners obtain special permission from the city's heritage department.

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Kendall and his wife Grecia owned five of the houses that run along the south side of Niagara Street between Bathurst and Tecumseh streets for more than 30 years. They were bought in part with the proceeds from his first novel, Lazaro.

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As for his ultra low rent, Kendall said he's grateful to past tenants who helped him and his wife pay off the mortgages, and he wants to pay it forward.

https://www.cbc.ca/news/canada/toronto/this-toronto-landlord-has-only-raised-rent-by-100-since-the-1980s-1.5408903

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This Toronto landlord has only raised rent by $100 -- since the 1980s (Original Post) rpannier Jan 2020 OP
There are landlords down the street of a medium sized building. I think it was a fire applegrove Jan 2020 #1

applegrove

(118,685 posts)
1. There are landlords down the street of a medium sized building. I think it was a fire
Tue Jan 7, 2020, 11:15 PM
Jan 2020

but something caused them to rebuild the insides. They are located 15 blocks from parliament hill and on a pretty sizeable footprint. They said that they could have sold it to condo developers but they liked being landlords and serving the community that way. That they already made good enough money and they did not need more. So they renovated.

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