Reasons to Invest in DUO at Station Park

Reasons to Invest in DUO at Station Park

By Condo Culture

In this week's blog we explore some of the top reasons to invest in DUO at Station Park in Kitchener. Coming soon to the heart of Canada's most up and coming city!

Station Park is the largest residential development to ever be launched in Kitchener - Waterloo. Located directly across the street from Google’s Kitchener campus which is ready to accommodate 5000 employees and adjacent to the future GO Station, this location is poised for growth!

DUO at Station Park offers an opportunity to avoid the emotion of current market interest rates and buy into a market 3 to 4 years from now where we expect there won’t be enough housing. Let’s take a closer look.

Waterloo Region population projected to grow to 923,000 by 2051 (Currently estimated at 623,930+)

Source: Region of Waterloo - Demographics

Lower vacancy rates than Toronto, Calgary, Montreal, Ottawa and Hamilton Kitchener-Waterloo: 2.0%

Condo vacancy in Waterloo region 0.8% per CMHC

  • Toronto: 4.6%
  • Calgary: 5.1%
  • Ottawa: 2.8%
  • Hamilton: 2.6%

Source: Government of Canada Statistics - Canadian Mortgage and Housing Corporation

Google’s expansion is directly across the street

“People will look at the Google campus in downtownKitchener as one of two or three special places in the world for engineering shops,” said La Mantia.

Third phase launching immediately after completion of it’s new building Workforce estimated at 5000 upon completion of announced construction

Source: The Record - Google’s Never Ending Expansion in Downtown Kitchener

Duo at Station Park Courtyard

Direct exposure to growing tech companies

“Waterloo is a special place for tech. It has unique tech credentials that places it among North America’s most dynamic tech hubs. It’s home to some of Canada’s fastest- growing tech businesses, a globally renowned top tech university and multinationals like Google and SAP, as well as exciting scale-ups like Faire, ApplyBoard and Arctic Wolf.”

Source: Waterloo EDC - What is the Toronto-Waterloo Corridor

Stronger rental rate : Purchase price to rental ratio stronger than larger cities

1 Bedroom units in Kitchener sell for $550-600,000 with parking and rent for $2000-2200+

Project specific factors:

Over 2100 residential units in 5 separate towers (Tower 3 selling now) 50,000 sq,ft. of restaurants, cafes, grocery and coolshops at your doorstep 180,000 square feet of office space

More amenities for residents than any other development offered in Canada right now including: bowling lanes, arcade, music studio, chefs kitchen and private dining, aquatic gym, Peloton studio,childrens indoor play centre and skating rink

Skydeck is a shared amenity on floor 4 offering: outdoorplayground, hot tubs, Olympic running track, outdoorgym, dog park and more over 20,000 square feet

Duo at Station Park Sky Deck

Immediate neighbours include the following within a short walking distance

DUO Downtown Kitchener Map

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