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Location: 257 Hemlock St, Waterloo

Deposit: 10% down

Estimated Completion Date: September 2019

Price Range: Starting $225,990


VIP Incentives:

  • Free Complete Furniture Package
  • 2 year Free Property Management
  • 2 year Lease Guarantee 

Maintenance:
$0.26/Sq. Ft.
Includes: Water, Gas, Common 
Area Upkeep, Building Insurance,
Reserve Fund, Landscaping &
Garbage Removal

Parking:
Parking is additional $39,000


Deposit Structure: 

  • $5,000 on Signing
  • 5% in 30 days
  • 5% May 1, 2019

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Waterloo One Bedroom Stats:


Rental rates among 1 beds have gone up 10% year from 2015 to 2017


They are currently renting for $1,250-$1,300 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 that students looking for a private luxury accommodation are vastly under supplied and are willing to pay premium rates to live alone in a private brand new condo

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