Starting From: $500's

Overview

About The Property

Coming soon to Kitchener, Verde Living offers an opportunity to purchase in the highly sought after Laurentian Hills neighbourhood located at Westmount Rd E & Ottawa St S! Here at Verde Living, residents will find themselves in close proximity from a number of highly desirable amenities the city has to offer. Located just minutes from Highway 8, the Mill LRT Station, Big Box Stores, CF Fairview Park Mall and the region’s Top Post-Secondary Schools – Verde Living will be a high in demand address for many years to come!

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.

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.

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.

JD Development Group is a highly reputable developer who possesses over 10 years of building experience (since 2010). With partners, investors and residents in mind, they strategically convert desirable locations with high, untapped potential into thriving student, residential, mixed-use and commercial developments.

Details

  • Developer:
    JD Development Group
  • Deposit Structure:
    East Tower: $5,000 on Signing // 2.5% Minus $5,000 in 30 Days // 2.5% in 60 Days // 2.5% in 120 Days // 2.5% in 180 Days // 10% on Occupancy West Tower Option 1: $5,000 on Signing // 5% Minus $5,000 in 30 Days // 2.5% in 120 Days // 2.5% in 180 Days // 5% on Occupancy West Tower Option 2: $5,000 on Signing // 2.5% Minus $5,000 in 30 Days // 2.5% in 60 Days // 1 Bed: $2,000/month for 9 Months // 1 Bed + Den: $2,500/month for 9 Months // 2 Bed: $3,000/month for 9 Months // Balance to 10% in 360 Days // 5% on Occupancy
  • Price ($):
    Starting From: $500's
  • Status:
  • Maintainence Fees:
    $0.60/psf
  • Occupancy:
    2025
  • Storeys/Suites:
    8 Storeys / Suites TBA
  • Nearest Intersection:
    Westmount Rd E & Ottawa St S
  • Suite Types:
    One Bedroom – Two Bedroom Suites (488 sq. ft - 767 sq. ft)
  • Amenities:
    Elegant lobby, Fitness studio, Yoga/stretch studio, Co-working lounge available for meetings, studying, or working remotely, Guest suite, Pet wash station, Community lounge, Private dining room with kitchenette, Private entertaining lounge with fireplace, The 2-story rooftop pavilion includes a yoga/stretch area, dining areas, fire table, and BBQ
  • Suite Features:
    Luxury Vinyl Plank Flooring, Quartz Kitchen Countertops, Stainless Steel Kitchen Appliances, Stacked Washer & Dryer and more