This morning we brought you anecdotal sales figures from the RED Condos in Waterloo launch last night (RED Condos in Waterloo Starts Sales with a BANG) and after meeting with one of the developers this afternoon, I have more details.
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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[...] (Update: I have confirmed this with Momentum Developments. Specifics can be found at RED Condos in Waterloo are over half sold out already.) [...]