Maziar Moini Team Home Leader Realty Inc.

Sage X Condos


Sage X Condos is a new condo development By IN8 Developments currently in preconstruction at 257 Hemlock Street, Waterloo. Sage X Condos has a total of 141 units, sizes range from 320 to 621 square feet.

sage x

Sage X Condos Highlights:

  • Steps from Wilfrid Laurier, University of Waterloo & Technology Park
  • 5 minute drive to Uptown Waterloo
  • 8 minute drive to the kitchener GO Train Station
  • Steps from the Future ION line
  • Close to shops, restaurants and schools
  • Many nearby public transportation options
  • Nearby parks include Centenial Park, Veteran’s Garden and Waterloo Park

Amenities

Situated at 257 Hemlock Street in the heart of Waterloo’s business and technology hub, this project is proposed as a six-storey mid-rise with 141 units. Designed by IBI Architects, it will feature a thoroughly modern design with playful coloured elements.

Suites in Sage X Condos range from compact studios at 320 square feet to two-bedroom units, although the bulk of units will be designed as one-bedroom units, a style that’s highly in demand in this region. Suites will boast contemporary features, including stainless steel appliances, granite countertops, expansive windows and walk-out balconies, as well as a number of sustainable features, including energy-efficient lighting and low VOC paints and adhesives.

Residents have access to a selection of communal space too, including a welcoming lobby, fitness centre and amenity room, plus a landscaped rooftop terrace.

With this unique setup, purchasers can take advantage of an executive package, which is included in the purchase price and includes complete furnishing and installation, such as:

  • Double bed and mattress
  • Nightstand
  • Desk and chair
  • Sofa, coffee table, media unit, 50” flat screen tv
  • Dining table and chairs

The investment package also includes a two-year rent guarantee and 2 years of free property management, including the renting of your suite, background checks, post-dated cheque collection, coordination of tenant move-in, bill payments and deposits, plus monthly statements provided to you.

This truly is set up to be a “hands-off” investment opportunity, paired with a location where this kind of accommodation is highly in demand. Rental rates for one-bedroom units have increased by ten percent each year between 2015 and 2017, making projects like these a fantastic opportunity.

Incentives & Why You Should Invest in Sage X Condos
 
 QUICK OCCUPANCY: September 2019 occupancy
 
 TWO YEAR RENTAL GUARANTEE: The Builder is offering a Two Year  Free Rental Guarantee which will feature minimum rents from $1010 for studios, $1350 for one bedrooms, $1450 for one bedroom+dens and $1700 for two bedroom suites.
 
 TWO YEAR FREE PROPERTY MANAGEMENT (by Sage Living Property Management):  You will also receive Two Years of Free Property Management. This means you will have full time dedicated staff taking care of your suite. The property management company will take care of any tenant concerns or property issues keeping this investment as hands-off as possible.

 FULLY-FURNISHED RESIDENTIAL UNITS:

 FREE ASSIGNMENT: You can take advantage of  the free Assignment Clause which allows you to sell the condominium prior to completion
 
 EXTENDED DEPOSITSTRUCTURE: All purchases will come with an Extended Deposit Structure which will have you invest $60,000 over the next twenty-eight months.

 CAPPED DEVELOPMENT CHARGES​​

 HST & APPLIANCES INCLUDED

 MORE THAN 10% EXPECTED ANNUAL RETURN ON INVESTMENT - See Income Model
 
 CAP RATES AS HIGH AS 5% - See Income Model
 
 Steps to the new Light Rail Transit (LRT) known as ION connecting the Tri-Cities Waterloo, Kitchener & Cambridge. This is a $818 Million Project that opens this year
 Built by IN8 Developments  who have the #1 Track Record in Producing Off Campus Student Housing Solutions for Sale in Canada
 Located in a city 98,000 post-secondary students including 26,000 cooperative education students (58,000 full-time, 40,000 part-time)
 Population of 568,500 and one of Canadas 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)
 
 
 
 

Sage x Condos

Sage X condos