Sage Condos Sales Update

Sales launched today in Waterloo, and the building already has a majority of the units sold.  There is an extremely limited supply of 3 bedroom condos,  and a decent selection of 5 bedroom condos.  Contact us immediately to reserve the condo of your choice.

Sage Condos is sold out, save for 3 penthouses which have not been released yet.  We have similar product available, contact us for details.

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Sage Condos, Waterloo Ontario

This week we have had a lot of interest from real estate investors in Waterloo’s newest condo development, Sage Condos.

If you would like to review the cash flow projections and  condo floorplans click here to send us an email and we will send you full information.

Sage is a pre-construction condo development at the corner of Hickory & Spruce in Waterloo, very close to Wilfrid Laurier University, and steps to King Street.

Like most of the development in the surrounding area, this building is targetted to students; what sets Sage apart is that it is built to appeal to the sub market of students looking for a premium housing solution, something nicer than the typical apartments around campus, and they’re willing to pay premium rent for a premium condo.

Waterloo’s Student Housing Market

New Building in Waterloo’s Student Housing market  have been in strong demand by real estate investors because of the strong & stable cash flow they offer.  The issue that most investors have is that the size of these student housing apartment building (typically priced from $1,200,000 and up) require more equity invested as a down payment than may be available.

Sage Condos solves this problem, by offering a brand new student rental building with condominium ownership – meaning that you can buy one unit in a brand new building rather than having to buy the entire apartment building.

The Sage Condos Opportunity for Real Estate Investors

Sage Condos has been specially designed to be an easy real estate investment to own.

The developer has partnered with DOMUS property management to offer turn key hands off property management for owners, and DOMUS has a very generous incentive offer available for people who purchase at Sage (full details available).

The developer is also offering a rental guarantee for the first year, something that is not available with other new condo developments in Waterloo.

Action Required

If you’re interested in a hands off student housing investment, this property is worth strongly considering.

If you would like to review the cash flow projections and  condo floorplans click here to send us an email and we will send you full information.

Public sales start Monday January 23 2012 and the developer is expecting to sell out very quickly.

Advance sales have been strong, and we think the pace will accelerate when access is opened up.

If you would like to receive priority choice of units, contact me immediately.

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This mid rise condo loft 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 Kitchener 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.

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Half of the RED Condos in Waterloo SOLD

Momentum Developments, the firm behind RED Condominiums in Uptown Waterloo, had their VIP launch party last night – and what a night it was.

After all the dust settled this morning:

Momentum Developments sold more than half the units at RED Condos.

Every condo under $300,000 sold.

Every Studio condo 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 condos (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.

Purchasers were a mix of real estate investors and residents looking for an Uptown Waterloo condo.

Clearly, people want to invest in Waterloo, Ontario – proving what REIN has been saying for years. (See “Ontario’s Top Investment Towns”) – after all, people who purchased condos at the42 have seen a very good return on their investments (See: Resale prices at the42 Condos in Waterloo).

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!’

Floorplans for Red Condos in Waterloo

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.

Pricing for Red Condos in Waterloo

For pricing information on the Red 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.

Images of Red Condos in Waterloo courtesy of Momentum Developments.

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Over 30 Units Sold at RED Condominiums Opening Night

The RED Condominiums by Momentum Developments in Uptown Waterloo went on sale last night at a VIP event, and the first reports are that at least 34 of 64 units have already been sold.

(Update: I have confirmed this with Momentum Developments. Specifics can be found at RED Condominiums in Waterloo are over half sold out already.)

Most of the sales are of smaller units, including Studios and 1 beds, which are now completely sold out.

What units are left at RED Condominiums?

There are larger floor plans available, including spacious Penthouse level condos, which can be combined if even more space is desired.

Momentum has a reputation for selling their new developments faster than anyone else (they built the42 on Bridgeport, which sold very quickly in 2008, and they completed BPR Lofts on Regina too), and RED looks to be keeping up the trend.

This pace of sales is much faster than reports we are hearing from City Centre & Arrow Lofts.

If you are interested in the floorplans for RED Condominiums, clic here.

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the42 by Momentum Developments in Uptown Waterloo on Bridgeport Road was recently finished, and people have been living there all summer.

Pictures of a Penthouse at the42

This morning, a WonderfulWaterloo member Sampson posted some pictures of their Penthouse (5th floor) 2 bedroom + den unit at the42 – and notably, the builder modified the floorplan at the request of the resident.

Take a look at the pictures – what a wonderful residence!

The living room at the42, looking into an office / den:

Another look at the living room:

Notice the bamboo floor – the builder, Momentum Developments, offered a variety of low VOC flooring options (less impact on the environment than traditional materials).  This was one of the green features of the42.

And here is the Kitchen: Note the loft style duct work that is featured at the42:

This Kitchen picture shows us one of the modifications to the floorplan that the resident made – none of the standard floorplans for the single level 5th floor Penthouses have their Kitchen adjacent to the wall of natural light & the terrace, but Sampson’s Penthouse smartly does.

Look how bright and inviting that area is now!

Prices at the42

Originally posted at Resale pricing for the42 Condos in Waterloo:

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.

Buying a condo at the42

the42 sold out very quickly in pre construction when it was launched, but now that it is registered, a couple people have put their condos up for sale on the market.

Momentum Developments built this – they also completed the BPR Lofts across the street at Regina & Bridgeport, and they are behind the upcoming RED Condominiums in Waterloo, that just released their floorplans.

If you’re interested in availability in this great Uptown Waterloo building, send me an email or give me a call.

Pictures of this the42 condo was originally posted at WonderfulWaterloo.com

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Artists Rendering of the Arrow Lofts in Kitchener

Arrow Lofts in Kitchener

The is a conversion of the historic Arrow Shirt factory by Auburn Homes, and the models & plans look terrific.

Because we work with lots of real estate investors, the developer asked us if we’d like to offer purchasers discounts and incentives that are (according to the developer) not available through most real estate agents.  (edit: the units are now available to the general public, and the early VIP incentives are no longer available)

If you are interested in learning more about these condos, email me right now.

Arrow Lofts Floorplans and prices

We can send you the Arrow Lofts Price List and floorplans, just email us.

note: We do not represent the builder of the Arrow Lofts.

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3-333 Northlake Drive, Waterloo Ontario

Looking for a great condo in Waterloo, but don’t want to pay the prices that new buildings like Bauer and 144 Park are going at?  Take a look at this great two bedroom condo close to RIM, the Universities, the expressway, and picturesque trails & the St Jacobs Farmers Market.

Priced at under $150,000, this property offers exceptional value.

Tenants desire the location, which will only improve if plans for the LRT go ahead.  Also, there is almost a million square feet of new office space planned for across Weber Street, as we discussed here in Look Smart By Investing Where The Jobs Are.  Buying near new development has historically always been a good thing for real estate investors!

Take a look at the details below, and then email or call me ( 519 772 4376) to schedule a private viewing
Well maintained two bedroom condominium 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.

There is a Light Rapid Transit (LRT) station planned  at Northfield & Parkside, a short walk away.

The proposed LRT plan would allow access to Uptown Waterloo, Fairview Park Mall, and eventually Sportsworld Crossing and into Cambridge, Ontario.

Offered for sale at $ 144,000

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This is a question I get a lot from real estate investors.

The answer is Yes – there are recently built & pre construction condos in Kitchener Waterloo under $200,000.

Which ones?  Watch this video to find out

Among others, City Centre by Andrin has units starting under $200,000 – and so does their last project, the Kaufman Lofts, a conversion of the historic Kaufman factory up the street.

These are both in booming downtown Kitchener; the Kaufman Lofts are across the street from land the Region recently purchased to use as a transit hub (see: Waterloo Region Buys Kitchener Land to Redevelop for Transit Hub), and it’s kitty corner to the University Health Sciences Campus.

For a complete list of condos under $200,000 in Kitchener Waterloo (and Cambridge or Guelph too!) email me, click the link on the sidebar up top or call 519 772 4377

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photo by spaceamoeba

Kitchener Waterloo Condos Face Off:

City Centre and 144 Park in Kitchener Waterloo

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).

The topic of Investing in Kitchener Waterloo 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 across the street from the Bauer Lofts.

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 Kitchener Waterloo Condos, including suites 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)

Buying Kitchener Waterloo Condos

We have a selection of Kitchener Waterloo 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.

For pricing, availability and info on any Kitchener Waterloo Condos, call me at 519-772-4376 or email me directly at Benjamin AT BenjaminBach DOT com.

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CMHC has changed regulations around how much money a real estate investor has to invest as an initial down paymeny when buying an investment property in Canada.  Prior to today, you could put 5% down on a small rental property. Today, you need 20% down for a CMHC insured loan on a rental.  Almost every mortgage lender is moving to that standard too.

Many of our clients put down between 20-40% when investing, so this isn’t affecting them, but it is annoying some of our clients who prefer to tie up less than 20% of a property’s equity when investing. 

Real Estate Investors – here is the opportunity:

Buy an Investment Property with 15% down payment (on approved credit, etc)

Today, a major lender came out with a program that will allow you to go up to a 85% LTV using a combination of a first and 2nd mortgage – that means that instead of putting down $40,000 on a $200,000 investment property, you can put down $30,000.

Buy an Investment Property with 10% down payment (on approved credit, etc)

Even better, there is an exclusive offer available only to our firm’s members.  A major lender has agreed to allow our clients to use a 10% second mortgage, in conjunction with a standard 80% Loan to Value (LTV) mortgage, to purchase small rental properties.  We also have private lenders lined up for these 10% second mortgages. 

 That means that you can invest $20,000 – vs 30k or 40k – in that $200,000 investment property if you want to (and if that is a smart choice for your particular portfolio – call me, we’ll chat).  Best of all, you won’t be paying any CMHC premium – like you used to when putting down 10%!

Most investors don’t have access to a loan program like this, so you will have the advantage of better financing terms when negotiating; always a good thing!

For information about properties that you can purchase with a program like this, email me now at Benjamin@BenjaminBach.com

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