Three single-family lots on Railway Avenue could be transformed into a seniors rental building with 58 units of housing – half of which are proposed as affordable units.
The Richmond Kiwanis Seniors Citizens Housing Society, in partnership with SD Railway Homes, is asking city council to rezone the three single-family lots just north of Francis Road to build a four-storey apartment building.
Twenty-nine of the units will be low-end market rentals (LEMR), and 29 will be market rentals.
The apartment building, which will have studios, one-bedroom and two-bedroom suites, will be earmarked for people aged 55 and older.
Currently, there is one unoccupied home on one lot, while the other two lots are empty.
Rents in the LEMR units will range from $811 a month for a studio to $1,218 a month for a two-bedroom unit. Those renting the units will be subject to maximum household incomes.
While the age restriction is 55 years or older, there could be accommodations for live-in caregivers, a spouse or a child of the tenant.
The proposal is on the agenda for next week’s planning committee meeting.
