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
- 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 Canada’s 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)