University of Waterloo to Double Size of Campus
Owners of Student Housing Rejoice
Back in April you read about the University of Waterloo proposed plans to double the size of campus (Is Waterloo’s Student Housing Market Being Over Built?), and today the news is announced that the plans are moving forward.
This is great news for people who invest in the student housing market here – the demand for quality new student housing will continue to increase for decades. We will need to build even more property around WLU and UW!
From The Record:
Plans are moving forward to double the size of the University of Waterloo campus over 40 years.
Monday, Waterloo council endorsed a subdivision plan that calls for the staged development of the north-west campus, between Westmount and Fischer-Hallman roads. It’s estimated the 73-hectare site could eventually support 9,000 jobs, similar to the research and technology park operating on adjacent campus lands.
Waterloo council will spend $9 million to grade and service the site, as part of a deal to locate a new city library branch and YMCA there.
Vacant lands could be used for research, academic buildings, and housing for students or faculty
Student Housing can provide great cash flow, abundance of tenants (and even in a recession, when investing in an education becomes even more of a priority), and long term security for your family’s money.
We have a terrific development opportunity for sale; building your own property is a great way to get into the student housing market.
For full details, and for other opportunities in the Waterloo student housing market, just email or call me.
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