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!
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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Posted in Local Kitchener Waterloo, Real Estate Investment
Tagged bauer lots, bpr lofts, condos for sale, kitchener waterloo, momentum developments, red condominiums, the42, uptown waterloo, waterloo condos, waterloo lofts
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.
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
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
Posted in Investing in Real Estate, kitchener waterloo
Tagged 144 park, andrin, bauer kitchen, bauer lofts, centre block, city centre, Condo for Sale, development, kaufman, kitchener condos for sale, kitchener waterloo, Lofts, new condos, ontario, pre-construction condo, Real Estate, vincenzos, waterloo condos
(originally posted by Benjamin Bach on 26. Jun, 2010 in Local Kitchener Waterloo, Real Estate Investment at http://www.kitchener-waterloo-real-estate-investments.com)
Here are some articles about Kitchener Waterloo Real Estate that were posted on our other blog this week.
An excerpt of each article is included. Click the title to read the full blog.
Big news for downtown Kitchener: Google is moving it’s offices from Waterloo’s Tech Town (in the U of Waterloo research and technology park) to the Tannery District in downtown Kitchener.
This is great for downtown Kitchener, and will prove to be especially profitable for our clients who own investment condo’s at the Kaufman Lofts (one block adjacent) and other downtown Kitchener Condos.
0.7% to be exact, the lowest it’s been since the government of Canada implemented guidelines around the amount that real estate investors could increase the rents in their investment property each year.
From The Record:
The guideline is the maximum amount a landlord can increase the rent of most sitting tenants without seeking approval of the Landlord and Tenant Board.
The 2011 guideline applies to rent increases that occur between January 1 and December 31, 2011.
The calculation is based on the Ontario Consumer Price Index.
Fresh off our discussion of the new Condos, Hotel, and Commercial real estate coming toWaterloo – the Barrel Yards, here is some information about a new development going in donwtown Kitchener at 30-40 Margaret Ave.
I happen to think it’s a great addition to the area! Read the article from today’s Record, and leave a comment below!
The Record has an article in this morning’s paper about a major development underway in Waterloo, Ontario – The Barrel Yards – which will bring the Kitchener Waterloo real estate market some very high quality product over the next few years
When completed, the Barrel Yards – located at the corner of Erb Street and Father David Bauer Drive in uptown Waterloo, Ontario – will be home to a hotel, condos, rental apartments, commercial real estate (office & retail space) and townhouses
There was just an earthquake in South Western Ontario, felt in Montreal, Ottawa, Toronto, New York, and here where I am, in Kitchener Waterloo. That is a rather large span. No words on aftershocks yet.
From The Kitchener Waterloo Real Estate Board blog:
On Thursday June 17th, 2010, 16 leaders from Waterloo Region’s real estate industry, including REALTOR® members of the Kitchener-Waterloo Real Estate Board (KWREB), Cambridge Real Estate Board, staff, and a representative of the Waterloo Home Builder’s Association met with Ontario PC Leader Tim Hudak at KWREB’s offices to discuss how the HST will impact the real estate industry and to explore ways in which to help moderate its impact.
- Kitchener Waterloo Real Estate Market Update: October 2009 (11.446)
- Centre Block to bring $95 million development to Kitchener downtown (10.939)
- Commercial Real Estate news heard on Twitter (10.516)
- Market Update: Real Estate selling fast in Kitchener Waterloo (10.108)
- Why People across Canada Invest in Kitchener Waterloo Real Estate (9.571)
Posted in kitchener waterloo, Local Kitchener Waterloo, Real Estate Investment
Tagged barrel yards, CMHC, condos, development, distillery, earthquake, kaufman lofts, kitchener, Kitchener Condos, mortgage rates, Real Estate Investment, rental increase, tannery, waterloo, waterloo condos