Affordable housing is a hit in the Winnipeg suburbs. Read this article for free: Already have an account? To continue reading, please subscribe: * Affordable housing is a hit in the Winnipeg suburbs. Read unlimited articles for free today: Already have an account? Affordable housing is a hit in the Winnipeg suburbs.
In a few days, swarms of people will haul suitcases and boxes into the Bridgwater, aptly named for its location in the southwest city area of the same name. Its 143 units share the same features — quartz countertops, stainless steel appliances — though prices vary greatly. “We thought that we could bring a high-quality, affordable apartment building to the area,” said Nigel Furgus, president of Paragon Living.
“We knew it would do very well. We didn’t actually think it would do this well.” NIC ADAM / FREE PRESS One of The Bridgewater’s new apartments.
All units have been leased within four months of advertising, Furgus said Wednesday at a ribbon-cutting ceremony. He believes local demand for high-quality apartments exceeds supply. Anecdotally, he’s watched apartment blocks lease more quickly than years past.
Eighteen of Bridgwater’s units are labelled affordable, costing $981 to $1,100 per month. The provincial government tabbed more than $348,000 for the complex through the Canada-Manitoba bilateral agreement under the National Housing Strategy. Within two weeks of advertising, Paragon Living had received around 80 applications for the lower-c.