The clear benefit is that a live-work unit reduces commuting times to a matter of seconds. The cost of gas for driving to work is avoided because all you have to do is walk from your bedroom to your office.

To get to work, you do not have to battle the sweltering summer sun, the downpouring spring rains, or the icy winter snows. Instead of rushing out to an expensive restaurant for lunch, you can make a healthy, affordable meal in your own home.

A live/work unit is more than just a computer and desk at the corner of a room. In general, a live/work unit has benefits comparable to those of a home office. For a live/work unit, however, rather than a home office, it simpler to demonstrate your deductions to the CRA because live/work zoning makes it clear that your apartment is partially made up of business space.

A live/work unit combines a person’s living quarters and workspace without compromising either.

While the concept of working from home sounds quite practical, the actual practise has occasionally proven to be challenging. Either the worker must set aside a suitable office space in his regular home, or a basic living space must be built in what is effectively a warehouse. Many leases expressly ban renters from engaging in any kind of professional activity while residing in their own apartments. At Louvre at Century Park Apartments in Edmonton, our live-work spaces is one answer to this issue.

A live/work unit, which combines your work area with living quarters, so you essentially work from home but with a designated part for your office, is the perfect answer for freelancers, artists and firms that started on kitchen tables.

Adding a second mortgage or rent payment each month may not fit inside your budget when beginning a new business. The cost of gas, parking, and any other commuting expenses that come with working outside of your house can be avoided by owning or renting a property that enables you to live and work in the same space.

This is especially suitable for a new business needing office space, or a professional requiring a specific type of workspace. Even though other solutions like specialized co-working spaces have advantages, they can be out of early-stage ventures’ bootstrapped budgets.

Finding a home that fits your lifestyle and business while also allowing you to save money can be the opportunity you need to start that business. Being an independent business owner and entrepreneur can be a highly fulfilling endeavor.  For more information about our Edmonton work/live spaces, book a tour today.

Networking is one of the most crucial aspects of starting a new business. You will be surrounded by other like-minded individuals if you reside in a work/live setting like The Louvre. You will have the chance to interact with other local professionals and learn from their experiences.  

As part of a connected community, people can now live and work in newer live/work developments like The Louvre. Along with shared living and working areas, our residents also have access to onsite amenities like a gym and communal lounges. Members can also participate in daily events and activities, such as yoga and outdoor activities.

The live/work spaces at The Louvre incorporate a co-working mentality, bringing freelancers, entrepreneurs, and remote workers together to form a community. This is designed to encourage networking and collaboration among members and prevent the isolation that these kinds of workers may experience.

Finding a home that suits your lifestyle and business while also enabling you to save money can be the opportunity you need to launch that business. For more information about our Edmonton work/live spaces, book a tour today.