In exciting news, built suites in a prime Waterloo location are on sale, starting from the $580’s and starting from $371 per square foot. This high quality, fully-leased mid-rise condominium building located at 261 Lester Street offers five-bedroom rental academic accommodation suites with high-end finishes.
This rare opportunity is just a 5-minute walk to both the University of Waterloo and Wilfrid Laurier University, near Conestoga College and local amenities. Flexible closings are available from 30-days to March of 2018.
Savvy investors know that buying quality is always a great move and that means strong growth projections of the associated university, location/walkability and rental guarantee. On site management is also important, particularly for out-of-town and busy investors.
On these important scores, the new offering gets straight A+’s. The outlook for Waterloo Region is for continued growth, fueled by its universities and the nearby Idea Quarter. The location of the building literally cannot be closer to both campuses and the Idea Quarter. Finally, a Rental Guarantee is offered with Free Property Management from KW4Rent for 2 years from the purchase of the unit.
Quality rentals will remain in demand in Waterloo due to the coming of age of the city’s innovative tech sector where hundreds of start-ups employ an estimated just under one-fourth of graduating students. Recognizing the highly trained talent pool coming out of University of Waterloo and Wilfrid Laurier University, powerhouse companies like Google and Microsoft have offices in Waterloo.
Waterloo is widely considered to be one of the top tech startup regions in the world. Last year, the Waterloo region recorded an increase of 74.4 per cent in new tech jobs, followed by Winnipeg at 58.5 per cent and Halifax at 50 per cent. Because of the availability of talent, lower real estate costs and proximity to both Toronto and the border, Waterloo is expected to see continued growth in this area going forward.
Students who come to Waterloo to study are just as likely to find jobs and a vibrant city to build their future, and that means a solid long-term opportunity for those who provide them with quality academic accommodations. The condominium building now on offer from Prica Group is top of the class. Those who are interested should visit www.kw2own.com or call 437.928.2588. Showings are available.
Prica Group is a leader in the Waterloo real estate market with a net worth of $514 million in assets including residential and commercial properties, land and a leading property management company. Now investors can have a piece of their action.
Source: http://www.canadianrealestatemagazine.ca/expert-advice/rental-real-estate-opportunity-in-canadas-technology-triangle-235546.aspx
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