the42 Condos in Waterloo

Have you see the42 Condos yet?

This mid rise condo development was just completed this year, and has a prominent Uptown Waterloo location at Bridgeport & Peppler.

Momentum Developments is getting a lot of love around Waterloo these days for the release of their new development, RED Condominiums, which debuted last night to a VIP crowd and proceeded to sell out half the building.

the42 Condos on Bridgeport

The residential condos were completed this summer, and the building was registered as a condo last month.  Once a condo building is registered, owners receive title (ownership) and can sell their units on the MLS if they wish.

the42 Condos Resale Prices

Since registration, two condos have sold at the42, and the prices bode very well for everyone who bought back in 2008 during pre-construction.

A 2 bedroom unit was just sold by a private owner, and it sold for $392 per square foot.

A second unit was sold, and it hit $400 a square foot.

the42 Condos have been a very good investment so far – the average price was under $300 per square foot when these were sold pre-construction.

the42 Condo Interior Images

PS – remember these great pics? They’re from a 2 bedroom + den at the42 owned by WonderfulWaterloo member Sampson

Feel like there is more natural light in this kitchen than most other?  You’re right.

The owner of this residence worked with the builder to customize the floorplan, moving the kitchen adjacent to the terrace and it’s wall of windows.  I think it looks terrific – and it’s unique.

Notice the low VOC bamboo floors, just one of the lower impact “green” options that Momentum Developments offered at the42.

the42 Condos For Sale

For pricing & availability of the42 condos in Waterloo, call me at 519-772-4376 or email me directly at Benjamin AT BenjaminBach DOT com.

If you are interested in other Waterloo Condos, let us know what you are looking for. We have a selection of condos available under $200,000, as well as other pre-construction developments.  Whatever type of real estate investment you’re looking for, we can help you with it.

There are currently two units at the42 condos for sale – let me know if you’d like to set up a private tour.

Red Condos in Waterloo has HUGE Opening Night

It’s been a busy day of sales for Momentum Development’s newest Waterloo project, RED Condominiums on King Street at Allen in Uptown Waterloo.

They had a VIP launch last night, and are now over half sold – after just one day!

RED Condominiums in Waterloo 1/2 Sold Out

Momentum sold more than half the units at RED.

Every unit under $300,000 sold.

Every Studio unit sold. (Pricing was between 218,900 and 241,900)

Every 1 bedroom condo sold. (Pricing was between 257,900 and 344,900)

All but one of the Sub Penthouse residences (fifth floor) sold.

One Penthouse residence sold.

There is a great selection of 1 bedroom + den units, and two bedroom units left – everything else has been sold.

Big congratulations to the team at Momentum Developments – you’ve brought another exciting project to Waterloo, and the market has responded with a resounding ‘Thanks!’

If you’re interested in floorplans, we have them available here:  RED Condo Floor Plans.  If the floorplan you’re looking for hasn’t been added to our site yet, just send me an email & I will send it directly to you.

For pricing information, call me at 519-772-4376 or email me directly at Benjamin AT BenjaminBach DOT com.

Related posts:

1. RED Condos in Waterloo Starts Sales with a BANG (12) 27 Units Reported Sold at RED Condo’s Opening Night The…
2. RED Condominiums by Momentum Developments in Waterloo releases Floorplans(10) RED Condominium Floorplans Released Momentum Developments Newest Waterloo Development -…
3. Beautiful images from a Penthouse unit at the42 Condos in Waterloo (9) the42 by Momentum Developments in Uptown Waterloo on Bridgeport Road…
4. Is a Fixer Upper House in Waterloo for you? (5) Two weeks ago I looked at a semi detached home in…
5. Kitchener Waterloo’s Hospitality Sector Is Hot (4) Something is in the air – maybe it’s the warm…
6. A profile of Eastbridge in Kitchener Waterloo, Ontario (4) One of my favorite neighbourhoods in Kitchener Waterloo is Eastbridge..

How to Price a Kitchener Waterloo Apartment Building

Value of a Kitchener Waterloo Apartment Building

One of things I find myself talk to real estate investors about these days is how to value a Kitchener Waterloo Apartment Building.  Seems there are lots of people looking to acquire high quality apartment buildings, but there is small supply of these buildings for sale, especially when we start talking about more than 50 units.

Most owners are happy to hold their buildings now  – multi family real estate is a notoriously stable investment during good times and bad (and stable investments are held in higher regard during recessionary times), but buyers are eager to deploy their capital into a stable asset.

This spread between available supply and current demand makes it a great time to sell your Kitchener Waterloo apartment building; case in point, we have recently seen quality multi family investment properties come to market and receive multiple offers in the first few days.

How to Price a Kitchener Waterloo Apartment Building

If you were going to sell your Kitchener Waterloo Apartment Building, how would you price it?

Right now, there is a large difference in ‘per suite’ asking prices for comparable apartment buildings online, with several active multi-family listings being priced considerably higher than comparable recent sales.

(Note: there are some properties, like brand new buildings or luxury apartment buildings, that sell for outside the normal range. For example, see: Two Waterloo Region Apartment Buildings Sell For $45+ million)

Click play to watch this quick video we put together looking at the prices of apartment buildings in Kitchener Waterloo

If you own a Kitchener Waterloo Apartment Building

If you have any questions about the multi-family investment market in Waterloo Region, call me directly at 519-772-4376 or email me at Benjamin@BenjaminBach.com

KW Commercial is your one stop shop for commercial, investment, retail and multi family advice and brokerage in Waterloo Region.  

We have buyers currently looking for a large Kitchener Waterloo Apartment Building – call us to discuss the sale of your property.

Related posts:

1. Canadian Commercial Real Estate News (8) Some interesting Commercial Real Estate news recently – we’re seeing…
2. Local News looks at Why REIN named Kitchener Waterloo #1 place to invest in Ontario (7) Last night CTV ran a story on the recent Real…
3. Commercial and Investment Real Estate Market Heating Up (7) What a gorgeous day in Kitchener Waterloo – it’s sunny,…
4. Top 9 Reasons You Should Invest in KW Real Estate (7) KW Tops REIN Top 10 List Kitchener Waterloo is Ontario’s…
5. From Greece with Love (6) How the Greek Debt Crisis directly affects Kitchener Waterloo Real…
6. Kitchener-Waterloo Employment Growth outpaces rest of Canada in July (6) KW Employment Growth up 7.8% Some encouraging news for real…
7. CBRE Looks at Canada’s Top Multi-Family Sales in 2009 (6) I was reading a report that CBRE research put out…