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.

—

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.

Related posts:

1. Healthy resale prices at the42 Condos in Waterloo Have you see the42 Condos yet? This mid rise condo...
2. CBRE Looks at Canada’s Top Multi-Family Sales in 2009 I was reading a report that CBRE research put out...
3. Cash Flow Analysis of an Investment Property in Waterloo I was just talking to a real estate investor, and...

Harp Arora on Facebook asked about a location in Kitchener vs Waterloo.  From what I’ve heard, Whole Foods wants a site that has at least 40,000 square feet of retail, and sites that size are easier located in Kitchener versus Waterloo.

Further info as it becomes available …

Related posts:

1. Kitchener Waterloo Commercial Real Estate is HOT It’s getting cold out, but the commercial real estate market...
2. Lululemon opens temporary store in Uptown Waterloo Shops Joining the long line of Retail tenants looking to move...
3. Apple Store Waterloo opens: A look at a HOT retail market Update: The Apple Store in Conestoga Mall is now open....

Lululemon in Waterloo

For now, Lululemon can be found inside Waterloo Town Square at 75 King Street North in Waterloo, Ontario.

Related posts:

1. Kitchener Waterloo Commercial Real Estate is HOT It’s getting cold out, but the commercial real estate market...
2. [Rumour] Whole Foods moving into Kitchener ? Rumour on the street is that Whole Foods has purchased...
3. RIM & Kitchener Waterloo’s Commercial Real Estate Market RIM & Kitchener Waterloo Commercial Real Estate Last week I...

Last week I met with Matthew Kang from CTV to talk about the Kitchener Waterloo Commercial Real Estate Market, and whether or not there is a slowdown due to Research In Motion.

First off, RIM is doing fine.  70 million subscribers; Billions in profit; zero debt.

CTV was talking about a report Colliers released, which was about the state of the Kitchener Waterloo Office Market, and RIM’s recent effect on it. For a copy of the report, send me an email (benjamin AT benjaminbach.com) or a tweet (@benjaminbach)

Here is the video – scoot ahead to 1:14 to hear me.

Kitchener Waterloo Commercial Real Estate – Still Going Strong

As I told Matt, we are seeing a lot of strength in the Kitchener Waterloo office market.  There are two large office projects going forward on spec – where a tenant has not been secured prior to construction, and the owner builds it on speculation – and another large project which will be announced soon.  The two spec projects – The Exchange by Cooper Construction, and The Breithaupt Block by Allied REIT and Perimeter Development -  are large (200,000 and 170,000 square feet) prominent projects, and show a strength in the local market.

We are working with several developers, end users and tenants on office projects right now.  There is definitely  healthy appetite for quality office space in Kitchener Waterloo!

CTV Looks at Kitchener Waterloo Commercial Real Estate

CTV Southwestern Ontario link

Updated: Mon. Oct. 17 2011 5:25 PM ET

Just one week after Blackberries around the world stopped working, a new report by Colliers International suggests Research in Motion is one of the reasons work spaces around Waterloo Region are vacant.

The report says the region saw strong leasing activity in the early part of 2010, but Colliers International says office developers are now a bit more hesitant to commit.

“What’s happening to them is causing some concerns. It’s not big trouble, but on the horizon, people are starting to wonder” says Colliers managing director, Karl Innanen.

Innanen says uncertainty over the tech giant and the condition of global markets is causing office vacancy rates to creep upwards.

In the past six months, office vacancy rose to just over 12 percent. Waterloo has the lowest of the tri-cities at a little over nine percent.

Innanen insists the numbers should not be interpreted as doom and gloom and adds that vacancies can help give new companies a shot at the market.

“They’re also getting the opportunity to get some skilled labour force. People leaving RIM have now been going to technology and other R&D companies.”

Real Estate Agent, Benjamin Bach says for the most part, the report mirrors what he sees in the field, but says there are still some large office development projects going ahead without tenants. He adds some businesses are looking to expand.

“We’re working with a couple of tenants right now that were previously leasing space. Where they’re now taking a look at developing a much larger space where they’re going to be an owner in it. And it’s because they really believe in the long-term economic health of this region.”

The report also says Cambridge is leading the way in terms of the industrial market, while much of Waterloo’s industrial buildings have been or will be converted to office space.

Related posts:

1. CBRE Looks at Canada’s Top Multi-Family Sales in 2009 I was reading a report that CBRE research put out...
2. Lululemon opens temporary store in Uptown Waterloo Shops Joining the long line of Retail tenants looking to move...
3. Apple Store Waterloo opens: A look at a HOT retail market Update: The Apple Store in Conestoga Mall is now open....

144 Park, Waterloo

144 Park is a condo development in Waterloo that has been selling pre-construction for a couple years – and construction looks like it will finally get underway this fall.

Second 144 Park Tower?

144 Park is a 19 floor tower at the corner of Park & Allen, adjacent to the Bauer Lofts (which features the Bauer Kitchen, and is just across the street from the to-be-built RED Condos in Waterloo), and the rumour on the street is that there will be a second tower added to 144 park.

This has not yet been approved by (or come before) City of Waterloo’s Council, so it is speculative at this point.

The first mention we heard of this was from user Floor2012 at WonderfulWaterloo:

“The second tower would be located on the block of land bounded by Caroline, Park, the Sun Life garage and the 144 Park. If you google map the satellite view you can see that the total piece of land is really a rectangle once the Iron Horse Trail is rerouted. And no I don’t know exactly how the rerouting will happen but I understand that the City favours Mady redeveloping the whole block. Maybe the trail would just run along between the Sun Life garage and the second tower, hooking up again on Caroline Street.

Obvoiusly there must have been alot of discussions and negotiations in recent months between Mady, The City and the group that owned the second piece of land. I heard at one point that this group (some of which were involved with the Bauer) were planning their own condominium on this site.

Now Mady expects to build a second building that will be compatiable architecturally with the 144 Park. I don’t have all the answers. I’m just one of the over 135 people who have purchased at 144 Park and received an update from the developer this week.”

Interested in a Condo at 144 Park?

If you’re interested in a condo here, send us an email or give us a call.

For pricing & availability of the condos at 144 Park in Waterloo - the remaining units in the first tower, or in the rumoured second tower - , 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 courtesy of 144 Park.)

Related posts:

1. 144 Park Condos in Waterloo to Announce Second Tower? There’s an interesting rumour that I’ve heard floating around recently...
2. Investing in New Kitchener Waterloo Condos Which pre-construction Kitchener Waterloo condos should I buy? photo by...
3. Is a Fixer Upper House in Waterloo for you? Two weeks ago I looked at a semi detached home in...

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.

Related posts:

1. Beautiful images from a Penthouse unit at the42 Condos in Waterloo the42 by Momentum Developments in Uptown Waterloo on Bridgeport Road...
2. RED Condos in Waterloo are over half sold out already This morning we brought you anecdotal sales figures from the...
3. RED Condominiums in Waterloo Starts Sales with a BANG Over 30 Units Sold at RED Condominiums Opening Night The...

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.

Related posts:

1. RED Condominiums in Waterloo Starts Sales with a BANG Over 30 Units Sold at RED Condominiums Opening Night The...
2. Healthy resale prices at the42 Condos in Waterloo Have you see the42 Condos yet? This mid rise condo...
3. RED Condominiums in Waterloo releases Floorplans RED Condominiums in Waterloo Floorplans Released Momentum Developments Newest Waterloo...

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.

Related posts:

1. RED Condos in Waterloo are over half sold out already This morning we brought you anecdotal sales figures from the...
2. RED Condominiums in Waterloo releases Floorplans RED Condominiums in Waterloo Floorplans Released Momentum Developments Newest Waterloo...
3. Healthy resale prices at the42 Condos in Waterloo Have you see the42 Condos yet? This mid rise condo...

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

Related posts:

1. Healthy resale prices at the42 Condos in Waterloo Have you see the42 Condos yet? This mid rise condo...
2. RED Condos in Waterloo are over half sold out already This morning we brought you anecdotal sales figures from the...
3. RED Condominiums in Waterloo Starts Sales with a BANG Over 30 Units Sold at RED Condominiums Opening Night The...

RED Condominiums in Waterloo Floorplans Released

Momentum Developments Newest Waterloo Development - RED Condominiums – has released floorplans for the six floor mixed use development (retail on the main floor, residential condo units above), and they look good.

You can view all the RED Condo Floor Plans here.

Momentum Developments is the firm behind the42 and the BPR Lofts two of the hottest projects in Uptown Waterloo.  BPR Lofts recently finished, and the42 is just wrapping up, with the residential condos now registered, and work just finishing up on the exterior grounds & commercial units.

Their new project – the RED Condos in Waterloo at Allen & King, across from the Bauer Lofts - has units ranging from small studio condos (from 528 sq ft) up to a roomy 1931 square foot penthouses on the sixth floor, complete with wrap around terrace.

Sales at RED Condominiums in Waterloo

Momentum Developments held a VIP launch August 31, and they have already sold more than half of the whole building.  

1 bedroom + den, and 2 bedroom units are still available.

Here, for your viewing pleasure, is the smallest floor plan, and the largest.

Which unit at RED Condominiums do you prefer?

Which do you think will be the better investment?

and the Penthouse:

If you’re interested in the floorplans and more info on the RED Condominiums, send me an email or give me a call.

Keller Williams is not acting for the vendor; this building is building sold directly by the vendor.

Related posts:

1. RED Condos in Waterloo are over half sold out already This morning we brought you anecdotal sales figures from the...
2. RED Condominiums in Waterloo Starts Sales with a BANG Over 30 Units Sold at RED Condominiums Opening Night The...
3. Healthy resale prices at the42 Condos in Waterloo Have you see the42 Condos yet? This mid rise condo...