By Cindy-lou Schmidt
With condominium apartments seeing the greatest increase in prices last month, the addition of hundreds of more units could help to alleviate the low inventory numbers and make owning a home more affordable.
The new DTK Condo project planned by IN8 Developments, a Kitchener-Waterloo-based developer, is expected to build the more than $100-million, 33-storey condo tower in the core of Downtown Kitchener at the corner of Duke and Frederick Street.
With a 97 walkscore, and over 10,000+ square feet of planned retail space, this project looks like it could be a game changer, merging 410 residential units and commercial space together—one of the prominent city planning goals of the Region.
Creating a more walkable, vibrant downtown in which residents are involved in their community and are attending local festivals and events is definitely on the docket for city planners. This could be attractive with those who love to stay connected and enjoy grabbing a coffee in their own building or just steps out the door.
With units starting in the mid-$200’s for one and two bedrooms, first-time home buyers and investors may appreciate the simplified lifestyle and new development benefits.
As a homeowner, you’ll love the great features like smart technology, and electric vehicle parking availability that may bring out the techie in you! And with the longer closing, this project could be a way for first-time home buyers to get a step into the home ownership market, with extra time to save additional funds before the 2020 occupancy dates.
For more inside information on this project, connect with me for floor plans, pricing and more.