ONE28 King Street Condos Summary
This new condo is a pre-construction condominium by CTN Developments in Waterloo, Ontario. Conveniently located in the city’s university district, this building features 120 luxuriously-finished suites with access to a full range of modern building amenities. ONE28 King Street Condos is scheduled for occupancy in 2020. This project is a dream for investors, situated in a prime neighbourhood within a region that’s been called one of the fastest-growing cities in Canada. With booming technology and healthcare sectors, not to mention two of the country’s top-ranked universities, it’s a vibrant part of the province that will benefit greatly from developments like this.
Situated just across from Wilfrid Laurier University, this project brings a modern touch to a bustling neighbourhood that’s currently short on contemporary housing. Standing 15 storeys, One28 King St North will feature 120 suites, and 2 Commercial Condo Units. Suites will offer a mixture of one-bedroom, one-bedroom plus den and two-bedroom layouts, as well as two live/work units with exterior patio access. One-bedroom units will be priced at the low $300,000’s boasting 536+ sq.ft, while one-bedroom plus den units will be priced at low to high $300,000’s. Finally, two-bedroom units will span 798+ sq. ft. and be priced at low to high $400,000’s. Residents will have access to a range of amenities that rivals any metropolitan condo building, including a party room, study room, fitness centre with yoga studio and a green rooftop terrace with barbecue stations. From here, residents can enjoy gorgeous panoramic views of downtown Waterloo. Residents will additionally have access to 24 hr. security surveillance, underground parking, secure bike parking, underground parking, and electric car charging stations. Semi-private elevators, a sleek lobby with concierge service, and lockers for each units will also be incorporated into this innovative building. Not to mention there will also be electric car charging stations and designated parking for car sharing services. With light-filled units that boast efficient layouts and high-quality finishes, these suites will be in coveted by professionals and students alike.
Location & Neighbourhood
Condos in Waterloo are highly in demand and this project takes full advantage of that. The population of full-time students in the region sits at 56,800 and 98% of those need safe, comfortable off-campus housing and are willing to pay a premium for it. In fact, rental rates for one-bedroom units in the area have increased by ten percent each year between 2015 and 2017. Just minutes from both Wilfrid Laurier University and the University Waterloo – not to mention the UW Technology Park – this is a great area for both students, faculty and off-campus professionals. It’s close to shopping, dining and just minutes from all downtown Waterloo has to offer. A rapid transit line is also under construction in the area, which will make connections to other parts of the city even more seamless. With a long history of reinvention and innovation, Waterloo has long been a fantastic place to live, work and play. It’s been called one of the fastest-growing cities in Canada as well as one of the top 10 regions to live.
One28 King St. North is a walker’s paradise as the area’s Walk Score is a phenomenal 94/100. This means that daily errands do not require a car. Residents of One 28 Condos have their choice of 10 bus routes that can be accessed from nearby bus stops.
Motorists driving to downtown Toronto for work or play will enjoy living in close proximity to Conestoga Parkway which connects to the 401.
Great Investment Opportunity
Given the fact that the King and Elgin St. neighbourhood is home to a number of Universities under-serviced by the housing industry, the chance of an investor receiving a positive return is promising. Purchasing a unit in a community that is constantly growing adds a sense of security to both investors and home-buyers, not to mention- Waterloo is now ranked one of the top 10 cities to live in. One28 Condos proves to be a project that is perfect for many! New home-buyers in Waterloo, students looking to rent near their school, downsizers and investors especially will enjoy living at One28 King St. North Condos.
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Maziar Moini Broker
Home Leader Realty Inc.
Last Update February 22, 2019
Maziar Moini Broker
Home Leader Realty Inc.
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