Introducing Sunview Suites, a purpose built off-campus student residence which is literally a 2 Minute Walk to Wilfred Laurier University & just 8 Minutes to the University of Waterloo. Collectively there are over 98,000 students in the city which leaves an enormous lack of on-campus student residences which brings us to the opportunity.
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- The project will feature a worry-free 2 Year Rental Guarantee in your contract. This means you will get the specified rental income depending on the type of unit you purchase from the time you gain possession
- You will get 2 Years of Free Property Management included. This means you will have full time dedicated staff taking care of your suite. In the case of any questions or concerns from your tenants property management will take care of it all. This will keep the investment truly hands off.
- You are only required to put down a 10% Deposit ($5000 on Signing // 5% Minus $5000 in 30 Days // 5% in Six Months) which will be spread over six months. Unlike most other condos where you have to put 20-25%, this is an incredible cash-flow savings leaving more money in your pocket during the construction phase.
- All Suites will be Fully Furnished which will includes 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.
- The condos are already Under Construction and will be ready for September 2018. This is one of the best features of this offering. No 3-4 year wait for construction to be completed, no waiting for zoning approvals. You will begin to start receiving rental income from September of next year.
- Free Assignment from the builder, meaning you will be able to sell the property before completion without paying any additional fees to the builder. This is approximately a $5000 savings.
About Sunview Suites:
Sunview Suites will be Waterloo's Newest Off Campus Student Residence. A short Two Minute Walk to Wilfred Laurier University and just Eight Minutes to the University of Waterloo the condo is perfectly situated between both Universities and will be in demand for years to come. All Suites will come Fully Furnished and come complete with a 2 Year Rental Guarantee, 2 Years of Free Property Management, Capped Development Levies, Free Assignment, Total 10% Deposit Over Six Months & best of all the project will be completed for the 2018 School Year. Pricing will start in the low to mid $300,000s for 1+Den Suites (there will also be a limited number of 1 Bedroom as well as 2 Bedroom + Den Suites available).
Reasons To Buy*
- Two Year Rental Guarantee
- Two Years of Free Property Management by KW4Rents
- Fully Furnished including all Furniture & Appliances
- Pricing from the Low To Mid $300,000s for 1 + Dens
- Total 10% Deposit ($5000 on Signing, 5% Minus $5000 in 30 Days, 5% in 180 Days)
- Free Assignment
- Capped Levies
- Two Minute Walk To Wilfred Laurier University
- Eight Minute Walk To The University of Waterloo
- Construction Starting Now & Occupancy For the 2018 School Year
- Built by one of Canada's Largest Private Off-Campus Student Property Owners
- Located in a city 98,000 post-secondary students including 26,000 cooperative education students (58,000 full-time, 40,000 part-time)
- Developer with a proven track record in the student housing market
- 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)
- Light Rail Transit (opens in 2017) - $818 million LRT line connecting Cambridge, Kitchener and Waterloo
- Developer: Prica
- Address: 258 Sunview Street, Waterloo
- Occupancy: September 2018
- Storeys/Suites: 2 Buildings @ 13 Storeys / 1 Building @ 6 Storey
- Suite Types: Studios – Two Bedroom +Den Suites
- Suite Sizes: 509 Sq Ft - 961 Sq Ft
- Pricing: Starting $300,000s
- Maintenance Fees: $0.32 psf
- Deposit Structure: $5000 on Signing // 5% minus $5000 in 30 Days // 5% in 180 Days
- Suite Finishes: Laminate Flooring, Granite Kitchen Counters, Stainless Steel Kitchen Appliances, Tile Backsplash, Two-Tone Kitchen Cabinets
- Building Amenities: Ground Floor Retail, Lobby, Games/Movie Room, Study Spaces, Meeting Areas, Lounge, Rooftop Terrace
- Incentives: Right To Assign, $0 Levies, Extended Deposit Structure, Guaranteed Rental for 2 Years