Quote:
Originally Posted by Hondaracer
An upside here is that the houses in between you and the water are quite a bit lower so building up on an existing lot hopefully wouldn’t block it. Can’t say the same about silos and whatnot though
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I'm shxtting you not, but that's the exact thought I had when I bought my Port Moody apartment. It was at a higher elevation than the plot of land that everyone knew was going to be developed. At the time when I asked the sales agent at pre-sale, their reply was any new building would be subjected to the same height / floors requirement as this one (4 floors), and since this building is on the top of the hill, your view wouldn't get blocked.
My north facing unit with a view to the Burrard Inlet, Anmore, and the hills was noticeably more expensive than the lower floors or the south-facing units.
Little did I know at the time that Port Moody was already working on a new Official Community Plan. When the new OCP came out, it included a new zoning type that allowed for a new maximum with 6 floors (up from 4). The same developer that built my building bought the adjacent plot of land, applied for the zoning change, and lobbied hard to build 7 floors at the new site where my view would have been completely blocked. Their 7 floor proposal got shot down pretty quickly, but it took a lot of fighting from the nearby residents to bring the final building down to 5 floors. Even then, the lower half of my view would have been blocked, and my property value would lose a sizable sum due to the lost view. The floor below me have completely lost its view, and their property value would have noticeably gone down as well.