By Condo Culture
As a landlord looking to start or expand your rental portfolio, studio units are an extremely attractive option. This week, Condo Culture Expert and Sales Representative Tim Bolton walks you through why you should consider investing in studios and takes you through an example of the type of studio condos coming available for sale in Kitchener-Waterloo.
As the region grows and expands and the price of real estate increases, we continue to see more studio units become available for sale. For landlords, these condos can be a great source of rental income, with strong potential for appreciation and really positive returns on your investment. Since these units tend to be smaller than other condo types, they allow you to invest in condo developments in prime locations, with premium amenities, while also usually requiring a lower initial investment and lower condo fees.
Although studio units may be compact, the use of efficient layouts and incorporation of space saving features like built in Murphy beds that can convert into desks make these units very desirable to mature students, young professionals and short term renters.
Studio Unit 305 at the Red Condominium in Uptown Waterloo offers 556 sq.ft. of interior living space, and includes a Juliette balcony and parking spot for $299,900!
Example Studio Floorplan
A rare, pre-construction opportunity not currently advertised on MLS!! Located in one of newest (pre-construction) condo developments in Midtown K-W. This unit offers 431 sq.ft. of interior space with a 205 sq. ft. balcony!! Limited time pricing of $289,800!
Contact us for more information on available studio units for sale and early access to rare, off-market studios in the newest condo developments in the Region.