what would an investment at kaufman lofts in kitchener look like?
Post on 14-Sep-2014
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Look at why real estate investors like buying condos at the Kaufman Lofts in Kitchener Ontario. Analyze the cash flow from the rental property, and look at the tenants it will attract.TRANSCRIPT
The Kaufman Lofts in Kitchener Waterloo
A Real Estate Investor’s Perspective
Why do Real Estate Investors like buying condos at Kitchener’s
Kaufman Lofts?
A real estate investor recently asked me why people like buying condos at
the Kaufman Lofts in Kitchener, Ontario
Between the terrific location (across from the new Health Sciences campus
at the corner of King and Victoria St in downtown Kitchener), the iconic
nature of the property – Kaufman Footwear has been there since the early
20th century – and the premier rents the condos generate, they can make a
great real estate investment.
Lets look at some of the reasons investors like buying condos here, and go
through the potential cash flow that the rental unit can generate.
• Originally built in 1908, the building was formerly the Kaufman Footwear Plant
http://www.flickr.com/photos/tudor/17660301
Location Location Location
• Across from Downtown Kitchener Health Sciences Campus
– University of Waterloo School of Pharmacy
– McMaster School of Medicine
– Optometry clinic
• The school projected to have 480 undergrad & 70 graduate students + 50 faculty & staff.
How are investors doing?
• When the lofts were first introduced to the market by the builder, prices ranged from $114,990 for a 515 sq. ft. unit, to $197,990 for a 1,120 sq. ft. unit.
A $203 / sq ft average
What is a condo at Kaufman Lofts in Kitchener Worth?
• Now selling at an average of $271 / sq ft
For more information
Benjamin Bach Director, Commercial DivisionKW COMMERCIAL a division of Keller Williams Golden Triangle Realty
519 772 4376 direct 519 772 4377 fax
519 570 4447 office
9-871 Victoria Street North Kitchener, ON N2B 3S4
Not intended to solicit anyone or properties under contract to another brokerage
For more information on Kaufman Lofts and other condos in Kitchener,
contact Benjamin Bach @ [email protected], or call me at
519-772-4376
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