Sustainable living is the way to go nowadays, with people looking for sustainable communities where they can live. They come with numerous advantages, and barely any disadvantages, if any. In this article, we are going to discuss the benefits of well-designed sustainable urban communities.
Improved affordability for housing
Communities that are more densely populated tend to share apartments and townhouses more, and this in turn brings down their prices, as compared to detached houses. The maintenance of the houses is also lower.
Reduced private costs for transportation
The communities are walkable since all the amenities are close by. This means that they rely less on automobiles, and this in turn lowers the insurance, maintenance, and fuel costs.
Less overall hardship for households
The hardship of the households is reduced because the costs for indoor climate control, and for transportation, are lower when it comes to sustainable urban communities. This means that people aren’t as affected by the rise in the costs for energy and fuel.
Lower household expenditures enable better trade-offs between work and family life
The financial burden is eased, as explained above, and this in the long run means that there are shorter working hours needed to make ends meet, and more time for family, friends, and living life.
More efficient public infrastructure and lower infrastructure costs
When the populations are higher in certain areas, the road and utility infrastructure needed per capita for a given area is less. This means lower costs of infrastructure that is also more efficient.
Sugar Wharf Condos
Having talked of some of the advantages of sustainable communities, we might as well mention one of the future communities that you might want to invest your money in, the Sugar Wharf Condominiums. This is a new waterfront residential community housed in the heart of Toronto, that occupies 11.5 acres of land. The development project will feature a 600,000 sq.-ft., 24-storey office tower, 300,000 sq.-ft. of commercial retail space, a new high-rise residential community and a two-acre community park. The projected closing date for this project is slated for 2022, with prices starting from a high of $400,000 CAD. The number of housing units is 1927, which will include 65 bachelor suites, 1,078 one-bedroom units, 593 two-bedrooms and 191 three or more bedroom units. They have access to public transport, that includes buses and street cars with access to the subway.
Tenants and visitors alike, will have access to exciting leisure places like Sherbourne Common, Sugar Beach, three marinas, wave decks, cultural activities at Harbourfront, the Water’s Edge Promenade, a boardwalk, and plenty more. It is also located near financial and entertainment hotspots. This is an area that is growing rapidly, and the best time to invest there is now, before the prices of the condos hits the sky.
When you’re looking for the perfect place to invest, you would want to consider investing in the Sugar Wharf Condos. Having looked at some of the advantages that come with investing in sustainable communities, I would be a good idea to consider investing there.