Following my last post 'Moving from the Unwalkable to the Walkable' I thought I'd do a quick estimate of how much more revenue the District of North Vancouver now receives from the conversion of approximately 9 single family homes into 108 multi-family homes.
The above calculation, which is just an estimate of course, shows that the conversion of 9 single family homes into 108 multi-family homes took District of North Vancouver revenue for that piece of land from $51,878.70 per annum to $323,645.76 per annum, a 624% increase! The many other municipal benefits of multi-family homes can be viewed in my previous post linked above.
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