Category Archives: Real Estate Investment

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 by Momentum Developments

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.

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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.

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Commercial Real Estate Development in Waterloo

Over at BenjaminBach.com we’re looking at three commercial real estate developments in North Waterloo.

Look Smart By Investing Where The Jobs Are

How do you buy Real Estate? Location, location, location.

Buy Property Near The Jobs!

Are you looking to invest in an area where the employment capacity is increasing? Take a look at residential investment properties near Weber Street North between Northfield and Benjamin Road.

This short stretch of road in North Waterloo adjacent to an investment property we just sold is seeing a lot of intensification through redevelopment. Let’s take a look at what’s in the pipeline:

North Waterloo Development Projects

580 Weber Street North, Former NCR Site

Purchased by GPM Investments in 2008 for ~ $20,000,000

Plans for 350,000 – 500,000 square feet of offices in 8-12 buildings

The former NCR site is huge – 37 acres with an existing building of approx 280,000 square feet as is. To give you an idea of the expansion potential, the site currently houses a couple baseball fields.

GPM (the same firm that is developing Sportsworld Crossing) has plans to add an additional 8 buildings (between 2,670 and 50,000 sq ft) to the site, to compliment the existing building. According to The Record, they’re debating whether to modify or replace the existing office building.

 

600 Weber Street North

Under redevelopment by the Marsland Corporation – 106,000 square feet

The Marsland Family owns some prominent office real estate in Kitchener Waterloo, including the Marsland Centre on Erb in Uptown Waterloo, two buildings RIM leases on Phillip, the Sybase building in the University of Waterloo Research & Technology park, and several Class A high-tech offices on Randall.

They are currently renovating their 100,000+ sq ft property at 600 Weber Street North, and have plans for a new 50,000 square foot building next door at 598 Weber Street North. This site is immediately north of the NCR site

Potential redevelopment site, Weber Street North

15 acres, existing building is 152,000 sq ft

This site, just south of Benjamin Road on Weber, is another potential office redevelopment. The site is currently being marketed by CB RE.

Location, Location, Location

Oh – there is also a proposed Light Rapid Transit (LRT) stop at Northfield and Parkside, one block from Northfield & Weber. And SmartCentres just poured millions into a new retail development anchored by Walmart a minute away in St Jacobs.

Your future tenants enjoy things like that.

When you are investing in a residential rental property in Waterloo, you can buy one of the shiny new condos for $$$ in uptown, or buy a comparative bargain in the Northlake neighbourhood near major tech firms, new retail development and LRT.

Your money, your call. For a list of affordable investment opportunities in the North Waterloo area, send me an email at Benjamin @ BenjaminBach.com or call me at 519-772-4376

Note: Leasing at the NCR site is handled through Colliers; 600 Weber is for lease through DTZ Barnicke.

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Great Investment Condo For Sale in Waterloo near Schools, Shopping & RIM

Looking for info on the Bauer Lofts or the City Centre Condos? Click here for info on other condos for sale in Kitchener Waterloo

KW Commercial is proud to present 10-335 Northlake Drive in Waterloo, Ontario for sale. Update: This property has been sold to a real estate investor.

This well maintained two bedroom condominium is in a terrific Waterloo location near high tech companies like RIM, Descartes, AGFA, Google, Open Text, as well as the two Universities and Conestoga College. It is currently tenanted.

Map of area around Northlake Condo for Sale in Waterloo

Click map to enlarge

Built in the early 1990s, this complex is ideally set near the St Jacobs Farmers Market, beautiful walking trails, and is a short drive to an Expressway onramp which leads to 401 highway access. Pearson Airport is about a one hour drive away, depending on traffic of course.

There is a Light Rapid Transit (LRT) station planned at Northfield & Parkside, a short walk away (at the top of the map below). The proposed LRT plan would allow a tenant to walk to the LRT station & take it all the way to Fairview Park Mall, and eventually Sportsworld Crossing and into Cambridge, Ontario.

Proposed LRT map. Click map to enlarge

The combination of a quiet country setting, proximity to major employers & access to transportation makes this a location tenants will continue to love.

We have a number of clients who own units in this complex, it has done well by Keller Williams clients over the years.

Offered for sale at $ 145,000

For more details, contact Benjamin Bach at 519 570 4447 or via email

Apartment Buildings in Cambridge Ontario Sells for BIG Bucks

(originally posted at Investment Property in Cambridge Ontario sells for $45+ million on June 28th)

Large Apartment Building Sold in Cambridge Ontario

Last week we looked at Two Waterloo Region Apartment Buildings that Sold For $45+ million.

Here is a video with some more information on the sale:

To recap, the investment property in Cambride, Ontario was purchased at a 5.7% cap rate.

Between both apartment buildings there are 225 units, and the average rent is above $1500 per month.

High valuation, but the properties generate premium income, are prestigious assets, and are very recent (6 years and 1 year) construction.

Kitchener Waterloo Apartment Buildings & Multi-Family Investment Property

Apartment Buildings in Kitchener Waterloo

Want to buy an Apartment Building?

Apartment Buildings and Multi-Family Investment Property can be great investments.

Stable cash flow, low vacancy, and the ability to farm out the management and just collect cheques.  These are just a few of the reasons our clients are investing in multi-unit buildings, student housing and townhouse complexes.

There are several apartment buildings available in Kitchener Waterloo between $1 million and $10 million. Due to the nature of the Multi-Family market, we’re unable to provide a full list of available listings on our website.

For a full list of investment property currently available, click here.

Selling an apartment building in KW

KW Commercial specializes in helping investors acquire and dispose of investment property to maximize their return on investment.  We have worked with clients from across the world to profitably buy and sell property.

We have a list of qualified investors waiting for apartment buildings to buy, and we want to connect them to owners like you.

Whether you would like to sell a walk-up apartment building, or need to dispose of a national portfolio of multi-family housing, Benjamin Bach & KW Commercial can serve all your needs.

Interested in what apartment buildings are selling for? Take a look at How much for the apartment building in the window? and Two Waterloo Region Apartment Buildings Sell For $45+ million

Sold Apartment Buildings in Kitchener Waterloo

(New!) Two Waterloo Region Apartment Buildings Sell For $45+ million (225 units at $207,600 per suite)

Here are a few apartment buildings that our firm has helped real estate investors dispose and acquire. For a full list of properties, contact us.

LOCATION: Kitchener,
SIZE: 31 Unit Multi Family Walk-Up Building
SERVICES PROVIDED Benjamin Bach, Director with KW Commercial, consulted with the owners to list & market the investment property across Canada. The goal was to maximize profit in a quick sale. Building was listed for $2,200,000 and had a firm agreement of sale within seven days Keller Williams also represented the buyer to acquire the property and find new management.

LOCATION: Waterloo, very close to Wilfrid Laurier University

SIZE: 20 Students in 4 units. Recently constructed & purpose built, this property is in very good condition.
SERVICES PROVIDED Benjamin Bach represented the investor to acquire the property for $45,000 below list price. Benjamin also connected the buyers to the banking professionals who underwrote the new first mortgage; and helped buyer (a first time real estate investor) arrange for property management

Learn why REIN says Kitchener Waterloo is the #1 Investment Real Estate spot in Ontario

The Real Estate Investment Network, REIN, released a new report this week which named Kitchener, Waterloo and Cambridge Ontario the #1 place in Ontario to invest in real estate.

Why does REIN consistently rank Kitchener Waterloo #1 ?

Here are the Top 9 Reasons You Should Invest in Kitchener Waterloo Real Estate

#1 – consistently ranked as the top spot to invest in real estate in Ontario, and #2 in Canada as per REIN

#2 Low Interest Rates – It is now more affordable to borrow money, making it a great time to buy investment real estate

#3 Great Prices

For the complete article, click here: Top 9 Reasons You Should Invest in Kitchener Waterloo Real Estate or watch this video:  Top 9 Reasons You Should Invest in Kitchener Waterloo Real Estate, or Why REIN loves KW

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