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!REGISTER TO GET MORE INFO FOR Moda Condos
Developer: Urban Legend Developments
Property Type: Condominium
Square Footage: 501 sq ft
Exterior: 75 sq ft
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 & ECONOMICAL 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.
CONNECTIVITY & EDUCATION
The city is serviced primarily by Highway 85 which offers seamless connection 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, when combined are home to over 95,000 students.
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 upwards pressure on real estate values and rent prices.
Moda Condos is being developed by a highly reputable developer, VanMar, who possesses 50 years of building experience!