The Bright Building

Reasons to Buy*

POPULATION INCREASE & ECONOMICAL OUTLOOK
Home to over 256,000 people, Kitchener is a part of the Waterloo Region which also encompasses Waterloo & Cambridge. 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 Kitchener an even more desirable city to reside in all while increasing the demand for housing.

CONNECTIVITY & EDUCATION
The city is serviced by Highway 401, Highway 8, Highway 7, the GO Transit, ION Light Rail Transit and the Grand River Transit – connecting you to everywhere you need to go with ease. 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.

HOUSING NEEDS
Kitchener has been experiencing tremendous growth. 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.

REPUTABLE DEVELOPER
Founded in 2010, HIP Developments has always approached real estate development with a broad vision. They believe that it is their job to build more than real estate and to help build cities.

Quick Facts*

Developer: HIP Developments
Address: 749 King St W, Kitchener
Nearest Intersection: King St W & Wellington St
Pricing: Starting From $399,800
Occupancy: October 2023
Suite Types: Studio – One Bedroom Suites
Suite Sizes: 431 sq ft – 959 sq ft
Maintenance Fees: Approx. $0.50/sq ft (Includes: High Speed Internet (with Bell) with router as well as full in-suite tech package, On-site Management; Elevator Service; Fire Inspection Grounds Maintenance; Housekeeping/Cleaning (Common Elements only); Heating/Air Conditioning Maintenance (Common Elements only); Water Treatment Services; Waste Disposal)
Deposit Structure: 5% on Signing // 15% on Occupancy
Incentives:* Platinum VIP Pricing & Floor Plans, First Access to the Best Availability, Capped Development Levies ($5,000), Assignment (Reduced to $2,500), Leasing & Property Management Services Available, Free Lawyer Review of Your Purchase Agreement, Free Mortgage Arrangements, Right To Lease During Occupancy, In- Charge Package included, Designer Curtain Rods on Window Wall and Roller Blinds on Standard Windows (per plan), Studios Include Built-In Murphy Beds with Desks, Standard Upgrades Included (But not Limited to): Heated Flooring in The Bathroom, Large Terraces, Under Light Variances, Custom Closets
Suite Finishes: Laminate Flooring, Quartz Kitchen Countertops, Stainless Steel Kitchen Appliances, Stacked Washer & Dryer and more
Building Amenities: Lounge including library, café and fireplace seating areas, Outdoor Terrace with two saunas, grand communal table, lounge area, outdoor kitchen/bar and trellis/shade coverings, Ground level public/private amenity space with outdoor patio, Linear landscaped parkette and art-walk