Last Updated on October 24, 2023 by CREW Editorial
We’ve all heard that the number one rule of Real Estate Investment is Location, Location, Location but what are the actual indicators that determine a location’s investment potential?
The top three location factors to consider:
1. Is it highly accessible?
2. Does the area have significant private-sector investment?
3. Is there a steady and growing population increase?
261 Lester is an A+ grade, high quality, fully-tenanted and completed mid-rise condominium building consisting of five-bedroom suites with two bathrooms, high-end finishes and 19 parking spaces with bike storage. Units start from the $580’s and from $371 per square foot, and offer top investment indicators including:
Accessibility
The Waterloo region has a bustling local transit service, including the new ION Rapid Transit System which offers easy access to 261 Lester. The ‘University of Waterloo’ stop is steps from the building, making it easier for young professionals and students to get to and from work and school.
Both VIA Rail and Go Transit offer direct connections to downtown Toronto in under 2 hours, and the government is “committed to providing Kitchener with 30-minute peak-period service to Union Station” within the next 10 years.
FlyGTA Airlines offers twice-daily weekday return flights from Toronto Island’s Billy Bishop Airport to Region of Waterloo International Airport in Breslau. In addition, WestJet and Sunwing offer multiple charters to the local international airport as well.
Private Sector Investment
Canada’s Technology Triangle, the booming Kitchener-Waterloo Region, is growing with no end in sight, including expansion to the Idea Quarter. Over 1000 tech companies have made Waterloo their HQ and new companies continue to flock to the area, emboldened by the easy access to talent from the local universities, reasonable real estate prices and close connection to transit. Within the next 5 years an additional 3.2M square feet of space, 16,500 workers and 150 new companies are projected. A brand new mixed-use facility is coming to Research and Technology Park and a new pedestrian walkway is planned.
Population
Over 20,000 co-op students are currently working in the Idea Quarter and over 16,500 tech workers make the Technology Triangle of Waterloo their home. Long term population growth for Waterloo is expected with the private sector expansion and because many students are choosing to stay on after graduation and make Waterloo their full-time home.
Flexible closings are available at 261 Lester, from 30-day to March of 2018. On site management is being offered to create substantial value for busy and out of town investors, with a Rental Guarantee and Free Property Management from KW4Rent for 2 years from the purchase of the unit.
This opportunity is being offered by Prica Group, a leader in the Waterloo real estate market with $514 million in assets including residential and commercial properties, land and a leading property management company. Interested investors should visit www.kw2own.com or call 437.928.2588. Showings are available.
