257 Hemlock Street
Starting from the Mid $200's
257 Hemlock Street
Starting from the Mid $200's
About Sage X Condos
Steps from University of Waterloo, Wilfrid Laurier Sage X Condos is a new preconstruction condo development by IN8 Developments located in the centre of both the University of Waterloo and Wilfrid Laurier University lies the pinnacle of student living, Sage X. Here, most of life’s errands can be accomplished on foot without the need to travel far distances; financial institutions, grocery shopping, and a quick bite to eat are all within walking distance! Furthermore, Sage X will be located along the future LRT line that connects to downtown Kitchener, a leader in technology and business. The location will be ideal for students as everything can be accomplished on foot or a short transit ride, from dining and shopping to education and entertainment; it will truly be a time-saver to live at Sage X.
Sage X Highlights
CLOSE TO EVERYTHING YOU NEED. • Walk To University Of Waterloo • Walk To Wilfrid Laurier University • University Of Waterloo Technology Park, Including Sybase, Opentext, Canadian Innovation, Centre, Blackberry, Agfa Healthcare, Sandvine • Steps From Grt And Future Lrt Routes • Innovation District • Communitech • Conestoga Mall • The Shops At Waterloo Town Square • Many Dining Choices, Pubs And Bars • Waterloo Park • Shopping, Groceries And Banks • And More. Many Nearby Public Transportation Options.
High Demand, Low Supply
The Kitchener-Waterloo region has gained the attention of many, due to the numerous world-renowned innovations by students in this area. With a market of over 65,000 full time students, 98% of which who do not live in the Waterloo region, there is a major supply shortage of 1 bedroom units that Sage X will be prioritizing, thus ensuring a guaranteed rental rate. This leasing guarantee can also be attributed to the magnificent interiors, housing top quality finishes such as granite countertops, stainless steel appliances, and in-suite laundry that attract prospective tenants to pay a premium for. In addition, professional property management offered by IN8 Developments will ensure your unit is taken care of and hassle-free. Furthermore, the project will be located in the centre of Waterloo’s growth district, making it a stable and secure environment that will be a long term benefit to any investment portfolio.
Property Management Services by Sage Living:
- Only one month’s rent property management/leasing fee (after first free two years)
- Renting buyer’s suite
- Sign lease agreements and parental guarantors
- Collection post-dated cheques
- Coordinate tenant move-in
- Turnover clean
- Field all tenant phone calls and inquiries
- Complete maintenance management
- Bill payments and cheque deposits
- Provide regular statements
- Double bed with mattress
- Nightstand, desk and chair
- Sofa with coffee table, media unit,
- 50” flat-screen TV
- Dining table and chairs
One Bedroom Stats:
- Rental rates among 1 beds have gone up 10% year from 2015 to 2017
- They are currently renting for $1250-$1300 for the 2018 school year
- Retention ratio among 1 Beds are 49.57%
- Average retention ratio on all other inventory is 30.63%
- It took 31 days to lease all our 1 bed inventory in Waterloo last year
- (The remaining inventory took 128 days)
- One bedroom units are in very low supply in the Waterloo University district
- IN8 is the only developer building true one bedroom units. Other developers use one plus den, two bed, three bed, or five bedroom
- IN8 currently has only 58 one bedroom units in Waterloo
- This is in a market with over 50,000 students. 98% of which need off campus housing starting in 2nd year
- This leads us to believe this leads students looking for a private luxury accommodation vastly under supplied and willing to pay premium rates to live alone in a brand new condo
Having over 20 years of direct experience in the construction and urban development industries, IN8 Developments is a leader in providing recognizable and popular footprints throughout the Waterloo region. With a multitude of projects completed in the area over the past several years, all of which exceed expectations by consumers and residents, reliability and satisfaction are guaranteed with this company. They lead the way in intelligent housing solutions, are committed to progressive thinking, and take pride in being the pioneers of luxurious and innovative housing options in the university district of Waterloo.
IN8 Developments specialize in professional property management, ensuring that your investment is completely secure and hands-free. They use optimal locations for their projects to guarantee a return on your investment. Some of their other projects in the Waterloo region include the completely sold out Sage 1-6, Ivy Towns 1-3, and Sage Platinum 1 & 2. Sage 1 is in its fifth rental term, proving that the Sage portfolio is extremely successful and profitable.
215 Lake Shore Blvd E, Toronto, ON M5A 3W9, Canada