University Studios Oshawa

Imagine the opportunity for condominium living anywhere in the Greater Toronto Area for under $200,000, unheard of residential value in one of the hottest condominium markets in the Western World. That is what is being presented by Podium Developments and Building Capital’s new University Studios condominiums in the heart of Durham’s education hub, adjacent to the campuses of Durham College and the University of Ontario Institute of Technology (UOIT) in Oshawa.

Once known solely as the home to General Motors of Canada, Oshawa is now a vibrant, burgeoning community of more than 200,000 people.

It is the third fastest growing city in Ontario, and the 14th largest metropolitan area in Canada, located on the shores of Lake Ontario just 30 minutes east of Toronto. Oshawa’s population is diversifying, welcoming international businesses, newcomers and many foreign students each year.

Oshawa has rapidly grown into a people-friendly environment, with bustling shops, bistros, restaurants and galleries within its downtown, while providing an abundance of parks, green spaces, boardwalks and bike paths along its lakeshore.

Oshawa is fast becoming an ‘Education City’ with the massive expansion of the highly regarded UOIT and the explosive growth of Durham College. Oshawa is also a centre of excellence in healthcare and a regional hub for health and wellness education, training and service, with many hospitals and the recently established Lakeridge Health Education and Research Network.

As one of Ontario’s most interconnected cities, Oshawa has an integrated transit network that includes Highways 401 and 407, Durham Transit, GO Transit, VIA Rail, airport and harbour. University Studios is a new concept to condominium living in Oshawa, ideal for students seeking high quality residential space during their education at Durham College or UOIT.

It is excellent real estate investment opportunity. With three years of rental assurance, University Studios represents carefree and hands-off real estate property as an income generating asset with positive cash flow. University Studios will offer innovatively designed fully-furnished SmartStudios.

Each studio will feature a custom furniture package including a custom ‘TableBed’, which transforms from a generous dining table into a comfortable bed and kitchenette with high quality appliances and en-suite private bathroom.

The project also features full amenities including a Gym, Party Room, and outdoor BBQ area, ideal for social living and engagement. Each floor has a common room and there will be a Group Study Room, laundry room and meeting rooms. However University Studios is being co-developed by Building Capital and Podium Developments and is managed by Varsity Properties, part of the same team behind the successful University Suites, which recently launched on the campus of Queen’s University in Kingston, Ontario.