FLEX CONDOS

Modern Living at Flex Condos in Vibrant Waterloo

Flex Condos is an exciting new development that is emerging in the heart of Waterloo. These boutique-style condos boast an unbeatable location at the intersection of Columbia St W & Weber St N, providing residents with easy access to the region’s world-class post-secondary institutions, including the University of Waterloo, Wilfrid Laurier University, and Conestoga College, which collectively have over 95,000 students enrolled. Additionally, Flex Condos is just moments away from a variety of highly sought-after amenities, such as Conestoga Mall, a stop along the ION LRT, and Highway 85. With pricing starting from $399,900, Flex Condos is a fantastic opportunity for those seeking a modern and convenient lifestyle in one of Waterloo’s most vibrant neighborhoods.

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Population Growth and Economic Outlook in Waterloo

Waterloo is a dynamic city that forms part of the Waterloo Region, and its current population exceeds 145,000 residents. According to projections, the Waterloo Region is expected to reach almost 923,000 people by 2051, which includes over 470,000 jobs. This expected increase in population and growth of the Waterloo Region will make Waterloo an even more desirable city to live in and will also increase demand for housing.

Connectivity and Education in Waterloo Region

The city of Waterloo is well-connected and primarily serviced by Highway 85, which provides easy access to Highways 7, 8, and the 401, as well as to GO Transit, ION Light Rail Transit, and Grand River Transit. The Waterloo Region is also home to renowned post-secondary institutions such as the University of Waterloo, Wilfrid Laurier University, and Conestoga College, which collectively have over 95,000 students.

Growing Housing Demand in Waterloo

However, with an estimated need for over 70,800 new homes in the region by 2031, it is projected that only around 54,000 homes will be built, resulting in a shortage of nearly 17,000 homes. This will inevitably lead to increased demand for housing, putting upward pressure on real estate values and rental prices.

Trusted Developer: Domus Developments

For those seeking high-quality housing in Waterloo, Domus Developments is a reputable and award-winning developer with a proven track record of over 400 units built. With their commitment to innovative designs, desirable locations, and the highest construction standards, they are a trusted partner in the development of Waterloo’s housing market.

QUICK FACTS

Developer: Domus Developments & Prime Sky Inc
Address: 458 Tamarack Dr, Waterloo
Nearest Intersection: Columbia St W & Weber St N
Pricing: Starting From $399,900
Occupancy: Fall 2024
Storeys/Suites: 7-Storeys / 73 Suites
Suite Types: Studio – Three Bedroom Suites
Suite Sizes: 346 sq ft – 1,353 sq ft
Maintenance Fees: $0.47 sq ft (Water & Electricity Separately Metered)
Extended Deposit Structure: $5,000 on Signing // 5% Minus $5,000 in 30 Days // 5% in February 2024 // 5% on Occupancy
2 Bedroom Lock Off Units or Larger Deposit Structure: $5,000 on Signing // 5% Minus $5,000 in 30 Days // 2.5% in February 2024 // 7.5% on Occupancy
Incentives*: VIP Pricing & Floor Plans, First Access to the Best Availability, Capped Development Levies ($5,000 For All Units), $0 Assignment (+ legal administrative fee), Property Management & Leasing Services Available, Free Lawyer Review of Your Purchase Agreement, Free Mortgage Arrangements, 2 Year Lease/Tenant Guarantee, FREE Fully Furnished Suites with Lease Guarantee (Valued at up to $10,000), FREE Property Management Fees for 2 Years, Parking Discount (Above Ground $35,000 $20,000 (HST included) Available for Bachelor’s only 355 sq ft – 421 sq ft // Underground $40,000 $25,000 (HST included) Available for 1 Bed+Den or Larger, Right To Lease During Occupancy (+ legal administrative fee)
Suite Finishes: Laminate Flooring, Stone Kitchen Countertops, Stainless Steel Kitchen Appliances, Stacked Washer & Dryer and more
Building Amenities: Rooftop Terrace, Fitness Room, Pet Washing Station