The Jake

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.

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 upwards pressure on real estate values and rent prices.

REPUTABLE DEVELOPER
VanMar Developments is a highly reputable developer who possesses over 50 years of building experience (since 1972) and has built an impressive portfolio of projects throughout Canada and the US including everything from townhomes, single-family homes and mid-rise developments to upscale apartment buildings, luxury hotels and high-rise condominiums.

Quick Facts*

Developer: VanMar Developments
Address: 101 Golden Eagle Rd, Waterloo
Nearest Intersection: Weber St N & Northfield Dr W
Pricing: Starting From The $500s
Occupancy: Early 2024
Storeys / Suites: 6 Storeys / 106 Suites
Suite Types: One Bedroom – One Bedroom + Den Suites
Suite Sizes: 541 sq ft – 650 sq ft
Condo Fees: Approx. $0.59/sq ft
Parking: Underground Parking – $45,000 (on eligible units) // Surface Parking – $30,000 (on eligible units)
Deposit Structure: ​$5,000 on Signing // 5% Minus $5,000 in 30 Days // 5% on Occupancy
Incentives*: Platinum VIP Pricing & Floor Plans, First Access to the Best Availability, Capped Development Levies, Free Assignment, Property Management & Leasing Services Available, Free Lawyer Review of Your Purchase Agreement, Free Mortgage Arrangements, Surface Parking Included, Free Condo Fees for 2 Years, Free Short Term Occupancy License (AirBnb Friendly), Development Fees Paid by Developer, Mortgage Buy-Down Option ($1,000/Month for 2 Years)
Suite Features: Laminate Flooring, Stone Kitchen Countertops, Stainless Steel Kitchen Appliances, Stacked Washer & Dryer and more
Building Amenities: Lobby, Mailroom, Fitness Studio, Bike Room, Lounge and more