Artist rendering of proposed apartment buildings at 4745 Ledgerwood Rd. (West Urban Developments)

Province providing financing to help get apartments built in Nanaimo’s Wellington area

120 apartments on Ledgerwood Road intended to be affordable for ‘middle-income’ households

Construction is set to get underway next month on two apartment buildings with 120 units in Nanaimo’s Wellington neighbourhood.

A development permit was issued for the buildings at 4745 Ledgerwood Rd. a little over a year ago, and this week a provincial government press release previewed that construction will start in August and the first tenants will be able to move in during spring 2022.

RELATED: 120-unit apartment complex approved in Nanaimo’s Wellington neighbourhood

The province, through B.C. Housing’s Housing Hub program, is partnering with developer WestUrban, providing construction financing for what it’s classifying as “affordable rental homes” ranging from $1,100 per month for studio apartments to $1,900 per month for three-bedroom suites. They are calculated to be affordable for households with annual income between $44,000 and $76,000.

Sean Roy, CEO of WestUrban Developments Ltd., said his company is excited to partner with B.C. Housing on a project to address “middle-income” rental housing needs.

“This latest project will provide high-quality residential living in Nanaimo, and we look forward to continuing to partner with B.C. Housing on future developments,” he said.

The province will provide up to $24.8 million in construction financing for the project.

“People deserve safe and secure homes, but even middle-income people like teachers and small business owners have struggled to find affordable housing in Nanaimo,” said Sheila Malcolmson, Nanaimo MLA, in the release. “These new homes will mean that more people – from young families to seniors – have access to affordable housing in their community, close to their friends, family and work.”

READ ALSO: More than 100 apartments for seniors approved in Nanaimo’s hospital area



editor@nanaimobulletin.com

Like us on Facebook and follow us on Twitter

affordable housingdevelopment

Just Posted

So Vancouver Island, you want to defund your police?

Examining what a nearly $10 million RCMP contract gets the people of Campbell River

Opioid crisis and COVID-19 pressing issues for mid-Island’s new medical health officer

Dr. Mike Benusic has been working in his new role with Island Health since July 2

Textured mats at Saanich intersections guide pedestrians with visual impairments

Yellow ‘tactile tiles’ make crossing busy intersections safer, District says

Vancouver Island officials can ‘only educate and encourage’ people to social distance

Leaders plead for education, as municipality lacks authority to enforce social distancing in public

Throwback: Parksville Makerspace shows off old Commodore 64 computer

Open house takes place Aug. 8, from 10 a.m. to 3 p.m.

53 new COVID-19 cases, no new deaths cap off week of high infection rates in B.C.

Roughly 1,500 people are self-isolating because they either have COVID-19 or have been exposed to it

Unofficial holidays: the weird and wonderful things people celebrate around the world

On any given day of the year, there are several strange, silly or serious holidays to observe

Missing teen visiting Courtenay found safe

She had last been seen going for a walk on Aug. 6

Need a doctor in Sooke? You may be in luck

In anticipation of recruiting more doctors, medical clinic accepting applications for a waitlist

Poles mark growing bond between BC Hydro, Campbell River First Nations

Totem poles placed on the John Hart dam site a symbol of a stronger relationship

COVID-19: Modified beach volleyball a hit in Parksville

Organizer happy to get popular summer game going

Nanaimo Fringe Festival productions adapt to new online format

10th annual festival to be live-streamed due to COVID-19

Moving on: Tanev scores 11 seconds into OT as Canucks oust Wild

Vancouver beats Minnesota 5-4 to move into first round of NHL playoffs

Gene editing debate takes root with organic broccoli, new UBC research shows

Broccoli is one of the best-known vegetables with origins in this scientific haze

Most Read