Project Details

The Academy Condos by the university

Condos from $188,800

Located at 3070 Ellesmere Road next to the University of Toronto-Scarborough, Centennial College and down the street from Rouge Valley Centenary Hospital. The site is down the street from a $248 million Toronto Pan Am Sports Centre opening soon, Grocery Stores, Big Box Shopping, Morning side National Park, close to the 401, Public Transit and the GO.

Pricing & Rental Guarantee
Prices start at just $188,800. All units will come with a 3 Year Rental Guarantee higher than the average rental rates from most neighbourhoods in Downtown Toronto. On top of this all units will be Fully Furnished. This means that this will be a truly turnkey investment where you do not have to worry about finding tenants or collecting rental income.

Growth
Students are anticipated to grow by at least 400+ students per year which is only going to add to the already high rental demand in the area. The University of Toronto Scarborough has anticipated expansion in the 100s of millions of dollars which will add to the growth and demand in the area

Building
26 Storey Building
330 Unit Tower
Ideal for students, staff, faculty members at UTSC
and staff from the Centenary Hospital

International Students
Currently there are over 1400 international students enrolled who are paying tuition of upwards of $30,000+ per year in additional to living expenses.

REGISTER TO GET PRICING FOR Academy Condos

Reasons to Buy

Rental Demand
The University of Toronto Scarborough is in the middle of a student accommodation shortage. Currently there are nearly 12,000 students at the University of Toronto and 3,600 students at Centennial College. Off campus housing is going to be crucial as the university only has 765 beds (which are solely available for first year students). As of now students are going as far as Scarborough Town Centre in order to find acceptable accommodation and then taking public transit to school. Due to the limited supply for student rental properties, rental rates are actually anticipated to increase significantly.

Student Accommodation Shortage
The University of Toronto Scarborough currently has over 12,000 students and a projected increase of 5,000 students over the next two decades. Currently there are only 765 beds available for on campus student housing which is solely available for first year students. The city is actually cracking down on the number of illegal rooming houses around the campus which is only going to build up the demand. Furthermore, the University of Toronto Scarborough has over 1400 international students from over 80 countries and is attracting an increasing number annually which is only going to fuel the demand for alternative housing options. The Academy Condos will aid in providing a solution for the shortage and we can expect to see a great return in the process.

 

 

Quick Facts

Developer: LeMine Investment Group
Address: Ellesmere Rd, Toronto
Nearest Intersection: Morningside Ave & Ellesmere Rd
Pricing: Starting From The High $100,000s
Occupancy: Anticipated For 2019
Storeys/Suites
: 26 Storeys / 339 Suites
Suite Types: One Bedroom – Three Bedroom Suites
Suite Sizes
: TBA
Maintenance Fees
: TBA
Deposit Structure
: TBA
Incentives
: VIP Pricing & First Access to the Best Availability, Capped Development Levies, Assignment, Free Lawyer Review of Your Purchase Agreement, Free Mortgage Arrangements
Suite Finishes: Laminate Flooring, Stone Kitchen Counters, Stainless Steel Kitchen Appliances, Stacked Washer & Dryer
Building Amenities: TBA

MIB Incentives*

Developer Approved Platinum VIP Brokers
Absolute First Access to Pricing and Floorplans
The Very Best Incentives & Promotions
Extended Deposit Structure
Capped Development Levies
Right of Assignment
Free Lawyer Review of your Purchase Agreement
Free Mortgage Arrangements