Project Details
Introducing Moda Condos, a stunning new development coming soon to Waterloo! Featuring a highly desirable location near Erb St W & University Ave W, residents at Moda will find themselves surrounded with a number of sought after amenities including the University of Waterloo & Wilfrid Laurier University, Grand River Transit, the ION LRT, Shopping and so much more that burgeoning Waterloo has to offer!
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Details
Developer: Urban Legend Developments
Property Type: Condominium
Price: $495,000
Bedrooms: 1
Bathrooms: 1
Square Footage: 501 sq ft
Exterior: 75 sq ft
Parking: No
Locker: Yes
Occupancy: March 1st, 2024
Incentives*: Platinum VIP Pricing & Floor Plans, First Access to the Best Availability, Capped Development Levies, Assignment, Leasing & Property Management Services Available, Free Lawyer Review of Your Purchase Agreement, Free Mortgage Arrangements
Building Amenities: Co-Working Space, Mail & Parcel, Underground Parking & EV Charging, Bike Maintenance & Cleaning, Pet Wash Station
Reasons to Buy
POPULATION INCREASE & ECONOMIC OUTLOOK
Waterloo is one of three cities that make up the Waterloo region and currently has a population of over 145,000 people. The Waterloo Region is expected to grow to nearly 923,000 people by the year 2051, including over 470,000 jobs. The rise in population, along with the growth of the Waterloo Region, will make Waterloo an even more desirable city to reside in, all while increasing the demand for housing.
Continuous growth in the area is seen as a major factor that highly suggests the rise in the pricing range. High demand for housing, both for ownership and rental, driven by growing employment opportunities, is expected to continue throughout the region. Get the most affordable Moda Condos pricing range with the My Investment Brokers team by your side.
CONNECTIVITY & EDUCATION
The city is serviced primarily by Highway 85, which offers seamless connections to Highways 7, 8, and the 401, along with GO Transit, ION Light Rail Transit, and Grand River Transit – all of which make it incredibly easy to get to where you need to go. The Waterloo Region is also home to World Class Post-Secondary Institutes such as the University of Waterloo, Wilfrid Laurier University, and Conestoga College, which, when combined, are home to over 95,000 students.
Good transport connections are the main reason why the area is favored by people commuting to and from work, students, and working professionals. Moreover, the presence of a large number of students can be considered as a factor that guarantees rental demand during the entire year, and thus it is a good place for investors to be looking for properties that give out a return in cash flow. If you’re looking for other options in the city, you may also consider the Flex Condos at a similar price range.
HOUSING NEEDS
It is estimated that the region will need over 70,800 new homes by the year 2031, but will only be able to deliver an estimated 54,000, leaving a shortage of nearly 17,000 homes. This will lead to increased demand, which will put pressure on real estate values and rent prices. An easy-to-implement Moda Condos registration process is followed here at My Investment Brokers to avoid any hassle or tussle.
The ongoing supply shortfall that continues to happen is upholding very good reasons for the long-term price increase and rental stability. Investors, as well as end-users, will benefit from the competition that will make houses across the area more desirable.
REPUTABLE DEVELOPER
Moda Condos is being developed by a highly reputable developer, VanMar, who possesses 50 years of building experience! The Moda Condos preconstruction phase was completed, with an occupancy date in March 2024.
Having a long history of successful performance, VanMar is associated with the creation of first-class communities where the major emphasis is given on careful design, durability, and enduring value. Their extensive experience makes the buyers feel more secure and at peace when investing their money in this project.
FAQ*
Moda Condos sits amidst the lush surroundings of Waterloo at the junction of Erb St W and University Ave W, which connects residents with the University of Waterloo, Wilfrid Laurier University, public transport, including the ION LRT. Shopping malls, restaurants, and all essential items for daily use make this location ideal for both end-users and investors.
Indeed, Moda Condos is a promising investment opportunity because of the rapid influx of people in Waterloo, the strong demand for rental accommodations by students and professionals, the scarce availability of housing, and the superb transportation facilities. All of these factors combined will lead to a rise in property values and thus a good rental yield.
Early purchasers of Moda Condos may not only get but also benefit from the limited-time offer and promotions, which include lower deposits, capped development fees, flexible assignment, and price incentives. The exact details and availability may vary; it is highly encouraged for the buyers to inquire ahead with the My Investment Brokers team to book the most favorable terms.
