Tag Archives: bauer lofts

9 Reasons to Invest in Kitchener Waterloo Real Estate, REIN Top 10 Report Edition

KW Tops REIN Top 10 List

Kitchener Waterloo is Ontario’s top Real Estate Investment Destination, again.

Well, it’s that time of year again. Kitchener Waterloo is getting some more much deserved attention from Canadian Real Estate Investors all across the country.

KW has been named the top real estate investment destination in Ontario by the Real Estate Investment Network for a couple years in a row (see: Kitchener Waterloo Real Estate ranked #1 again), and this year the trend continues.

REIN released the REIN Top 10 list that named Kitchener Waterloo the #2 investment destination in Canada, and tops in Ontario again.

From CTV News:


The Record reports:
REIN “refers to Waterloo Region as the “economic Alberta of Ontario.”
That means Waterloo Region is seen not only as the economic engine of the new Ontario economy, but also that it “will outperform all other major regions in eastern Canada,” says REIN president Don Campbell
For indicators, he points to job growth, student growth and a new light rapid-transit system.”

Why are real estate investors focused on our city? Let’s take a look at the reasons why people like buying investment property in Kitchener Waterloo

Top 9 Reasons People Are Investing in Kitchener Waterloo Real Estate Now

1. Top Area to Invest – The Real Estate Investment Network named Kitchener Waterloo & Cambridge (“the Technology Triangle”) the #1 city to invest in Ontario and #2 in Canada, behind Calgary.

2. Low Interest Rates. currently we have very low interest rates – although there is a slight upward trend right now – which makes NOW a great time to invest. Rates will be going up in the future. It’s a matter of how soon, and how much. Smart real estate investors are taking advantage of historically affordable cost of borrowing money.

3. Great prices – Investors love Kitchener Waterloo because it has a booming economy, without big city property prices. Our clients invest in condos ranging from $120,000 on up, and there are opportunities to buy multi-family housing with cap rates of 7%, leaving room for healthy cash flow with today’s low interest rates.

You can buy good quality new construction rental units here (like City Centre, 144 Park, Bauer Lofts and others), for much less than you’d pay for an older condo in Toronto. (That’s what our cilents from Toronto happily do, over and over again).

4. Growth – Kitchener Waterloo is growing at a rapid rate. If you haven’t been here in a few years, just drive down King St! There are mulitple mega million dollar developments that are underway or have been completed recently – The Bauer Lofts, The Barrel Yards, City Centre, 144 Park, the Arrow Lofts, Kaufman Lofts, the new McMaster medical school and University of Waterloo Pharmacy school, the new King St streetscape in downtown, the new Uptown Waterloo, the Kitchener Market, Market lofts; and LOTS of development in the university areas as well.

Also, the University of Waterloo has recently announced plans to double it’s footprint over the next 40 years. See Is Waterloo’s Student Housing Market Being Over Built?
5. Stable, Diverse Economy – Kitchener Waterloo is a market supported by strong fundamentals – world class high tech companies, universities and NGOs; a strong manufacturing sector; proximity to Toronto and the United States; an international airport; continued job growth etc.

In the July 2010 figures released by Stats Canada, the jobless rate of the KW area fell, while national unemployment rose.

6. Access to Property Management – all of our clients have access to world class property management for a very reasonable rate. Contact me for more details !

7. Great Business Community – Major companies and organizations call the Technology Triangle home including RIM (makers of the blackberry), Toyota, OpenText, Manulife, Sunlife, the Perimetere Institute, the Centre for International Governance Innovation, and a host of world class local companies.

8. Awesome, Smart People: Kitchener Waterloo is the MOST INTELLIGENT COMMUNITY IN THE WORLD. Take that Toronto

9. Great Resource – You have found a real estate agent and Wealth Building team that is focused on building your wealth!

What are some of the reasons you like investing in Kitchener Waterloo? Let us know in the comments!

 

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Investing in Condos, Kitchener Waterloo

Condo Investing

Interesting in buying a condo? Wondering between new construction projects?

Read these articles, then email or phone me to set up a personal condo consultation

Investing in New Construction Condos in Kitchener Waterloo

Dont Get Burned – 3 things to check out when buying a Condo in Waterloo

Top 9 Reasons You Should Invest in KW Real Estate

The Kaufman Lofts

The Kaufman Lofts in Kitchener Waterloo – an Investor’s Perspective

What is a condo at Kaufman Lofts in Kitchener Worth?

Why do Real Estate Investors like the Kaufman Lofts?

New Construction Condominiums

City Centre Condos (Centre Block) by Andrin Homes

Centre Block to bring $95 million development to Kitchener downtown

 

Bauer Lofts, Waterloo

What are Bauer Lofts in Waterloo, Ontario selling for?

Bauer in Waterloo filled, Cambridge place still half empty

Dinner out at Bauer Kitchen @ the Bauer Lofts in Waterloo

You can Live in Waterloo’s Bauer Lofts !

 

144 Park, Waterloo

Waterloo City Staff recommend Proposal for 144 Park Condo be approved

Why do people love the area near 144 Park condos in Waterloo?

Video of 144 Park – Luxury Waterloo Condo Project

Pictures of 144 Park Condo Sales Centre

Construction of 144 Park Condos in Waterloo estimated at $21 million

Why is 144 Park The Hottest New Condo In Waterloo?

144 Park Condos in Waterloo Ontario – New Luxury Lofts in Waterloo

 

Barrel Yards, Waterloo

News on the Barrel Yards Development in Waterloo, Ontario

Investing in Condos in Kitchener Waterloo

How do you decide which pre-construction condos to invest in?

I was recently talking to a few people in one of the Wonderful Waterloo forums about the new City Centre Condos coming to downtown Kitchener – about 380 units in two towers (one with 17 floors, and a second 14 floor tower).

City Centre Condos in Kitchener, Ontario

The topic of Investing in Condos came up, and one of the members mentioned that they had chosen to put their hard earned investment capital to work at 144 Park, a pre-construction condo being built in Waterloo.

144 Park, Waterloo Ontario

Curious, I asked why they prefered 144 Park over the City Centre Condos.

The real estate investor replied:

“There are many things at this point that makes me feel it [144 Park] is a good deal and not limited to:

  • price per sqft. I paid $340, whereas depending on the unit at CC, they are up to $370 including parking and locker*
  • assured it will be built by 90%+ units being sold
  • timing. Who knows when CC will have occupancy
  • across the street from Vincenzo’s and Bauer Kitchen
  • the area around King & Allen is ripe for more big development
  • in building amenities
  • availability of bigger units
  • proximity to Sunlife for rentability

If you want a bigger town feel, City Center will be surrounded by more, but downtown is still a few years away from that. I mean more within a few steps, not a few blocks.”

With Bauer Lofts next door to 144 Park, it’s already desirable. I really like that Vincenzo’s and Bauer Kitchen are across the street. I think that will appeal to a lot of people who desire condo living.”

I found this perspective very interesting. I have a number of friends who have bought at City Centre in Kitchener, and a few clients who have been interested in 144 Park in Waterloo; none of them have yet bought at 144 Park.

I think they’re both great projects, in premium locations. Clearly 144 Park is more upscale, but that doesn’t mean it will be a better (or worse) investment.

What do you think?

(PS the quote above is from someone on an internet forum. It’s not advice or fact from me, and it shouldn’t be taken as investment advice. Talk to me or another professional for individual advice for your specific situation before making a large financial decision)

photo by spaceamoeba

 

KW is REIN’s #1 Real Estate Investment Spot in Ontario, again

Hot on the heels of last year’s report, REIN, the Real Estate Investment Network, published their report naming 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. Growth – Kitchener Waterloo is growing at a rapid rate. If you haven’t been here in a few years, just drive down King St! There are mulitple mega million dollar developments that are underway or have been completed recently – The Bauer Lofts, The Barrel Yards, the Arrow Lofts, Kaufman Lofts, the new McMaster medical school and University of Waterloo Pharmacy school, the new King St streetscape in downtown, the new Uptown Waterloo, the Kitchener Market, Market lofts; and LOTS of development in the university areas as well.

Also, the University of Waterloo has recently announced plans to double it’s footprint over the next 40 years. See Is Waterloo’s Student Housing Market Being Over Built?

2. Great prices – Investors love Kitchener Waterloo because it has a booming economy, without big city property prices.  Our clients invest in condos ranging from $120,000 on up, and there are opportunities to buy multi-family housing with cap rates of 7%, leaving room for healthy cash flow with today’s low interest rates.You can buy good quality new construction rental units here, for much less than you’d pay for an older condo in Toronto.  (That’s what our cilents from Toronto happily do, over and over again).

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

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

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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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  3. Two Waterloo Region Apartment Buildings Sell For $45+ million (…and we have many clients looking to buy big apartment buildings…
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Want to Invest in Kaufman Lofts in Kitchener?

…here is some information you’ll need!

A real estate investor recently asked me why people like buying condos at the Kaufman Lofts in Kitchener, Ontario

Between the terrific location (across from the new Health Sciences campus at the corner of King and Victoria St in downtown Kitchener), the iconic nature of the property – Kaufman Footwear has been there since the early 20th century – and the premier rents the condos generate, they can make a great real estate investment.

Along with desireable addresses like the Bauer Lofts and 144 Park in Waterloo, Kaufman Lofts are a premier building in the region. 

Click Play to watch the video. This looks at the reasons investors like buying condos here, and goes through the potential cash flow that the rental unit can generate.

Let’s assume a real estate investor is looking at a 1 bedroom condo here. There are units available around $180,000 – a unit at this price is amongst the smallest available, but still in demand by buyers and tenants alike.

(These figures are all projections. Contact Benjamin for a personalized consultation)

kaufman lofts real estate rental analysis

The sheet above (click to enlarge it) shows us the assumptions we’re using:

$1200 a month in rent

$3000 condo fee and $1700 in property tax annually etc.

It also shows us the mortgage options – this investor is using a 20% downpayment, and getting a 80% LTV (Loan to Value) mortgage.

Now let’s look at the cash flow (click to enlarge):

kaufman lofts real estate rental analysis 2As we can see, a Kaufman Loft can generate a positive cash flow for a real estate investor, based on these figures.

Over 20 years, what will your return on equity be? Let’s look at another cash flow projection:

Click to enlarge

For more information on Kaufman Lofts and other condos in Kitchener, contact Benjamin Bach @ Benjamin@BenjaminBach.com, or call me at 519-772-4376

Why do Real Estate Investors like the Kaufman Lofts?

by Benjamin Bach, the Wealth Team on 10. Apr, 2010 in Featured Articles, Real Estate Investment, kitchener waterloo { Edit }

A real estate investor recently asked me why people like buying condos at the Kaufman Lofts in Kitchener, Ontario 

Between the terrific location (across from the new Health Sciences campus at the corner of King and Victoria St in downtown Kitchener), the iconic nature of the property – Kaufman Footwear has been there since the early 20th century – and the premier rents the condos generate, they can make a great real estate investment

Along with desireable addresses like the Bauer Lofts and 144 Park in Waterloo, Kaufman Lofts are a premier building in the region.  

Click Play to watch the video. This looks at the reasons investors like buying condos here, and goes through the potential cash flow that the rental unit can generate.
A real estate investor recently asked me why people like buying condos at the Kaufman Lofts in Kitchener, Ontario 

Between the terrific location (across from the new Health Sciences campus at the corner of King and Victoria St in downtown Kitchener), the iconic nature of the property – Kaufman Footwear has been there since the early 20th century – and the premier rents the condos generate, they can make a great real estate investment. 

Click Play to watch the video. This looks at the reasons investors like buying condos here, and goes through the potential cash flow that the rental unit can generate.
 

Let’s assume a real estate investor is looking at a 1 bedroom condo here. There are units available around $180,000 – a unit at this price is amongst the smallest available, but still in demand by buyers and tenants alike. 

(These figures are all projections. Contact Benjamin for a personalized consultation)
 

kaufman lofts real estate rental analysis 

The sheet above (click to enlarge it) shows us the assumptions we’re using: 

$1200 a month in rent 

$3000 condo fee and $1700 in property tax annually etc. 

It also shows us the mortgage options – this investor is using a 20% downpayment, and getting a 80% LTV (Loan to Value) mortgage. 

Now let’s look at the cash flow (click to enlarge): 

kaufman lofts real estate rental analysis 2As we can see, a Kaufman Loft can generate a positive cash flow for a real estate investor, based on these figures. 

Over 20 years, what will your return on equity be? Let’s look at another cash flow projection: 

Click to enlarge 

For more information on Kaufman Lofts and other condos in Kitchener, contact Benjamin Bach @ Benjamin@BenjaminBach.com, or call me at 519-772-4376 

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Before you Buy a Condo in Waterloo, know this!!

Dont Get Burned – 3 things to check out when buying a Condo in Waterloo

When you buy a condo in Waterloo there are some specific things you want to look for.  Doing your research on this end – before you buy the condo – can save you lots of money, time and headache.  Do your research first

Location Location Location

Is the condo you’re looking at in a prime location? Will the location appeal to a buyer in 5 or 20 years when you sell and move on? Will the condo rent well to a tenant looking for a home to lease? Is there shopping nearby, and schools?

These are all great questions, and they’re important whether you’re buying a condo to live in, or as an investment for your future. 

Location is the one part of a property that an owner can’t improve (as opposed to upgrading the kitchen, for example), so choose wisely.  Consult with a Realtor like Benjamin Bach if you have any questions about the area in Waterloo that is best suited for you.

What shape the Condo is in

Some people are looking for a fixer upper, but usually not in the condo complex they’re buying! It’s one thing if the unit you’re buying needs some ‘lipstick’ to make it pretty, but if the condo complex is in rough shape, this will cost you money (condo fees usually go up in those sorts of buildings) and make it harder to rent and resell your condo (since ‘curb appeal’ will be lower).  Buy something in a place that looks nice; you’ll do well down the road.

Is the Condo Corporation Healthy?

When we buy a condo in Waterloo like 144 Park or Bauer Lofts, we are also buying into the condominium corporation, which runs and manages the condo buildings and related issues.  So, they take care of maintenance, repairs, social/political issues within the complex and more. 

If the financial health of the corporation is not sound – they don’t have enough money in a reserve fund to cover unexpected expenses for example – they will likely come to their shareholders (all the owners) to make up the shortfall.  Having this happen every year can get tedious, so we verify the health of the corporation by reading the Status Certificate before ‘firming up’ the agreement to purchase and sell.

 For more information on condos in Waterloo or any other real estate questions,  contact Benjamin Bach @ Benjamin@BenjaminBach.com, or call me at 519-772-4376

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