Sage X is a purpose built student condo which will be a 4 minute walk to Wilfrid Laurier University & just 9 minutes to the University of Waterloo. Both universities combined have well over 54,000 students currently enrolled. This with the lack of on-campus student housing options has led to a shortage of off-campus student housing in the area and thus the need for Sage X Condos. Pricing will being at $225,990.
- The Builder will be offering a Two Year Worry Free Rental Guarantee which will feature minimum rents from $1010 for studios, $1350 for one bedrooms, $1450 for one bedroom+dens and $1700 for two bedroom suites.
- You will also receive Two Years of Free Property Management. This means you will have full time dedicated staff taking care of your suite. The property management company will take care of any tenant concerns or property issues keeping this investment as hands-off as possible.
- All Suites will come Fully Furnished. This will include bed(s), tables, chairs, desk(s), a couch, window coverings, all kitchen appliances and a washer/dryer. These are yours to keep and are provided to the tenants for use in turn for getting a higher rental yield.
- All purchases will come with an Extended Deposit Structure which will have you invest $60,000 over the next twenty-eight months.
- Also included are an Assignment Clause which will allow you to sell the condominium prior to completion as well as Capped Development Levies.
About Sage X Condos
Introducing Sage X located at 257 Hemlock Street which is a 4 Minute Walk to Wilfrid Laurier University, a 9 Minute Walk to the University of Waterloo & just steps to the new LRT Line which will take you to uptown Waterloo Fully Furnished Suites complete with a 2 Year Rental Guarantee & Free Property Management. Pricing from the low-to-mid $200,000s. and 15 minutes to the innovation district & Kitchener Transit Hub.
Reasons To Buy:
- The Number #1 Off Campus Student Housing Developer in Canada. The brand speaks for itself as this is the 10th building in Waterloo
- Two Year Worry Free Rental Guarantee
- Two Years of Free Property Management
- Fully Furnished including all Furniture & Appliances
- Pricing from the low-to-mid $200,000s
- Right To Assign Your Unit Before Closing
- Capped Levies
- Literally Steps to Wilfred Laurier University
- Eight Minute Walk To The University of Waterloo
- Steps to the new Light Rail Transit (LRT) known as ION connecting the Tri-Cities Waterloo, Kitchener & Cambridge. This is a $818 Million Project
- Built by IN8 Developments – who have the #1 Track Record in Producing Off Campus Student Housing Solutions for Sale in Canada
- Located in a city 98,000 post-secondary students including 26,000 cooperative education students (58,000 full-time, 40,000 part-time)
- Population of 568,500 and one of Canada’s fastest growing communities, expected to reach 742,000 people by 2031
- Top Ontario Investment Town 2009-2014 - The Real Estate Investment Network
- Ranked 1st overall in FDI Magazine’s Top 10 American Micro Cities of the Future (2011/2012)
- Right by Light Rail Transit (opens in 2017) - $818 million LRT line connecting Cambridge, Kitchener and Waterloo
Quick Facts:Developer: IN8 Developments
Address: 257 Hemlock St, Waterloo
Occupancy: September 2019
Storeys/Suites: 141 Suites
Suite Types: One Bedroom Suites
Suite Sizes: 490 Square Feet+
Pricing: From The Low To Mid $200,000s
Maintenance Fees: $0.26 per square foot (excludes Hydro)
Deposit Structure: $5000 on Signing // $10,000 // $15,000 on // $15,000 on // $15,000 on
Suite Finishes: Laminate Flooring, Stone Kitchen Counters, Stainless Steel Kitchen Appliances, Stacked Washer & Dryer
Incentives: 2 Year Rental Guarantee, Free Property Management, Fully Furnished with all Appliances and Furniture, Right To Assign, Capped Levies
Building Amenities: Welcome Lobby, Fitness Centre with Amenity Room, Outdoor Parking, Landscaped Rooftop Terrace & More
Area Amenities: Walking Distance to Wilfrid Laurier University & The University of Waterloo