Condo News - Spring 2022

Page 12

FEATURE CONDO

Feature Condo: Dundas District Lofts - “The 514”

Dundas District Lofts - “The 514”

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hat do you do with a beloved schoolhouse that has been left empty for a number of years? Well in the case of the Dundas District school, you sell it to a capable developer and transform it into high end condominiums. The Valvasori Group (brothers Dave & Mike) purchased this iconic property at the western end of King Street in Dundas from the Hamilton District school board in 2009. The school with its Gothic features, built in 1929 just below the Dundas Peak and Webster’s & Tew’s Falls, had gone from being an elementary school to a high school and finally a middle school. Along the way there had been many building additions and renovations which made for a challenge to develop the structure into what was envisioned. The award-winning developers, along with innovative and visionary designers and architects, planned to transform this 12

edifice into a comfortable but high-end living space. There were many hurdles to jump to enable the transformation of the property to a residential building from the municipality zoning perspective. Additionally, there were regulations to abide by from the Hamilton Conservation Authority & Niagara Escarpment Commission because of the proximity to the Niagara escarpment, Spencer Creek and a busy railway track. Several conditions had to be met before the permits for construction were even issued. Finally, in 2012 the transformation of the property began. By early 2013 the internal design had been developed. The plan included transforming the site into 44 individual units with a gym, the addition of 35 individual garages (space for 48 vehicles) that matched the original building and balconies for the side and rear units. The

G O L D E N H O R SESHOE CHAPTER OF THE CANADIA N CO N D O MI N I U M I NSTI TUTE

front façade of the building had to be maintained in its original design for historical purposes. In 2015 the Valvasori brothers won a Heritage Property Developer Recognition Award from the City of Hamilton for the transformation of this building. Most of the units were sold before the developers even launched a formal marketing effort! The first residents moved in during the summer of 2014. Restorations such as this are not covered by a TARIAN warranty but the builder stayed on site for the first year of occupancy, fixing issues that arose and serving as property management. In fact, they still show up to lend a hand or help to solve a problem when needed. Once the property was registered, owners elected a 3-person Board to work with the developer / property manager while we transitioned to a property management company. As we have learned together and


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