|Price/sqft||$1,000-$1,400 per sqft|
|Studio Price/sqft||$400K – $500K|
|1-Bedroom Price||$600K – $750K|
|1-Bedroom + Den Price||$650K – $825K|
|2-Bedroom Price||$850K – $950K|
|3-Bedroom Price||$900K – $1.5 Million|
|1-Bedroom + Den Rent||$2,400-$2,850/month|
Why Should You Invest In Waterloo New Condos?
Real estate demands are increasing in the region. The presence of major IT sectors and the existence of two big universities attract the attention of all the students and professionals towards the city. Because of its immense educational and employment opportunities, it is booming in the region in the country of Toronto. Waterloo has the presence of large shopping malls, vast green spaces, golf clubs, and other necessary amenities and thereby has been contributing a lot to make it the best destination for residence for the homebuyers.
A bit about the price rise rate of the construction sector in Waterloo, Toronto
- The average price pre-construction in Condo has risen from 19% to $349,000 in 2017.
- The average price of the resold properties in the condo has risen from 18.3% to $271,940 in 2017.
- The average selling cost of a property in Waterloo has risen to $429,900, which is greater thana 21% increase in 2017.
- The average price of detached homes increased to $495,000 in 2017.
Living advantages in Waterloo, Condos
There are several advantages that Waterloo offers to the residents of the city. It has two major universities namely, The Wilfrid Laurier University and The University of Waterloo. It is also maintaining its educational spectrum with the existence of many schools, colleges, and other training hubs. The place also facilitates the people by its offerings of big shopping malls, such as University Shops Plaza,Conestoga shopping mall,Bridgeport Plaza, etc. You can also feel the enjoyment of great picnic spots, sports facilities, etc. in the region while becoming a resident here.
Waterloo New Condo Value & Trends
The real estate market is in an upward sloping rate in Waterloo New Condo either in terms of buying or in terms of selling. With the increasing demand for buying the properties and low listing of the inventories here in the region, the price is also increasing at a staggering rate. The purchasing prices of Kitchener- Waterloo’s residential properties have been increasing by about 11.5% every year. The average rate of the buyers paid in August 2019is about $493,358 to purchase a new home or property in Kitchener-Waterloo. The price hike of the real estate is not limited to the types of houses that the homeowners want to buy but to the detached and semi-detached homes, townhomes, etc. as well. Waterloo still allows inexpensive and affordable housing facilities for the residents to live-in.
The place is also suitable for people looking for a working and living environment. It offers both urban and country living for which you will get many new structured buildings and trendy lofts here in the city. Moreover, the place also offers convenient and easy commutation for work by providing 30 min drive from residence to the work destination. It is thereby much convenient than other areas of the country. The place can also be considered as an industrial hub because of its location between Highway 86 and the University of Waterloo. With the changing of times and trends, the neighborhood in the region has also undergone severe changes.
Waterloo Condos Transit Options
The transit system in Waterloo New Condo has also developed a lot with time. The place allows access to all the neighboring regions with bus connectivity, rail transit, private vehicles, etc. One can enjoy his/her drive in much more convenient and luxurious ways while living in the place.
Be the one of yours-Buy your property in Waterloo New Condo and enjoy your living!