CORNWALL, P.E.I. — Cornwall council has approved a special use permit to allow construction of a 30-unit apartment complex on By Way Avenue.
The permit allows construction of a complex with more than 12 units.
Dean Lewis, manager of planning and development, says construction is likely to begin in the fall and be ready for occupancy around the summer of 2020.
The goal, he adds, is for the complex to be senior friendly.
The developer is Cornwall-based Believin Enterprises.
Mayor Minerva McCourt says the apartment complex is part of a long-term development plan for the area, which she hopes will eventually include a nursing home.
“The area is quite beautiful,’’ she says.
Lewis says work is well underway on the first of three 12-unit apartment buildings slated for Fultom Drive.
Work began about three weeks ago on a second building and construction is expected to begin soon on the third.
All three apartment complexes are meant to be senior friendly
Thirty of the 36 units will be affordable housing, which means tenants will only need to pay 25 per cent of their income for rent.
Cornwall area developer Derrick McQuaid has taken on the project.
The vacancy rate in Cornwall, according to the Canadian Mortgage and Housing Corporation (CMHC), is 0.2.
