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Pre Construction Condos in Kitchener: City Centre by Andrin

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City Centre Condos in downtown Kitchener

One of the most anticipated pre-construction condo projects in Kitchener Waterloo, City Centre has recently started selling units.

There will be two towers, 17 and 14 floors, that will  house about 380 units.  In addition, the site plan calls for retail, underground parking, and a boutique hotel and spa where the Mayfair currently stands.

I have floorplans for the units, but can’t post them online.  If you’re interested in more information, email me by clicking here

From 570 News

Ground has been broken on a sales office that will drive growth in downtown Kitchener. Representatives from Andrin Homes, the City of Kitchener and the Downtown BIA were on-hand at a ceremony Tuesday morning that marked the beginning of construction on what will become a dedicated, 3,500-square-foot sales pavilion.

“The sales centre itself will have two, fully furnished model suites,” says Anne Marchildon, vice-president, Sales and Marketing with Andrin Homes. “The exterior of the sales centre (will also be) representative of what the building will look like, (from the) brick colour, the panel colours, the window details, all of that sort of thing.”

The sales centre will also include a 2,000-square-foot presentation area with multimedia capabilities to allow potential buyers to go through the project step-by-step.

Marchildon calls Kitchener a “very good” municipality to work with.

“They’re very forward-thinking, they do their homework, everybody is looking to the same objective,” she says.

Kitchener’s Director of Economic Development, Rod Regier, is admittedly excited by this next step in the project.

“It’s coming at the right time,” he says. “We’ve had some great announcements in the downtown recently with The Tannery and The Communitech Hub developed there, followed by the Google move. So we’re very excited about where this fits into the overall constellation.”

Regier says the next step is to get more people living in the downtown and he believes Tuesday’s announcement is a positive move in that direction.

Centre Block has sat dormant for almost a decade after the city learned of plans for a pornographic movie theatre and began buying up property. To date, Kitchener has spent about $9-million acquiring lands in the area bounded by King, Young, Duke and Ontario streets. Previous efforts to develop the property, including a potential relocation of the Main Branch of the Kitchener Public Library, have failed.

Another condo for sale at 565 Greenfield in Kitchener sells fast

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Well, this is deja vu!

Last week at the Kitchener Waterloo Real Estate Investment blog we spoke about how properties in KW were selling very quickly:

Homes and condo’s are moving very quickly in Kitchener Waterloo these days – our clients are involved in a multiple offer situations fairly regularly on smaller properties (condos, 5 bedroom student rental houses etc), and we’re even seeing multiple offers on apartment buildings that are in good shape, well rented and fairly priced.

So far in 2010, 56 homes have sold in 3 days on market or less, 144 residential properties have sold in less than 7 days, and 357 have sold in inside of two weeks (note: these Days on Market times include days where the property was tied up with a conditional offer, and due diligence periods).

That means over 32% of homes sold in 2010 were listed on the MLS for less than 14 days (note: a small % of these homes may have been relisted)

And now, another unit at one of the condo complexes that is seeing particularly brisk sales, 565 Greenfield, located in South Kitchener near Fairview Mall, has had another complex sold days after it hit the MLS in KW

The complex was built in the early 90′s, and is made up of  9 identical walkup buildings, that each have 11 identical condo homes in them. Each unit is a 2bedroom 1 bathroom home.

These condos are desireable to home buyers and investors alike, because of their great location, and low price point.

What have units been selling for here recently? Lets take a look at the sales since Jan 2009

Prices of Condos for Sale in Kitchener at 565 Greenfield

The unit numbers denote whether the condo is on the basement level (1-3), the main level (4-7) or the top floor (8-11). The top two floors have balconies for the condo, off of the living room.

If you own a condo here, we have buyers actively looking. 

Our firm, Keller Williams, represented 5 of the last 11 buyers purchasing in the complex, and we’d love to sell your condo too.

For more information on condos for sale in Kitchener or any other real estate questions,  contact Benjamin Bach @ Benjamin@BenjaminBach.com, or call me at 519-772-4376

Condo Towers coming to Kitchener’s Centre Block

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  There is a new Condo Development coming to downtown Kitchener, Ontario: The Centre Block, which will be developed by the same developer that built that Kaufman Lofts in Kitchener.

City gives nod to developer for Centre Block

Centre Block Condo in Kitchener Ontario

KITCHENER — City councillors reached an important milestone Monday in their decade-long effort to redevelop a strategic parcel of land next to City Hall.

During a closed-door meeting councillors gave their final authorization to staff for an agreement between the City of Kitchener and Brampton-based Andrin Homes for the redevelopment of Centre Block with 385 condominiums, four new buildings, underground parking, a boutique hotel-spa and a parkette.

“It has been a long time coming, obviously,” Mayor Carl Zehr said.

By 2000 the city had purchased almost all of the properties and buildings that wrapped around the western half of the block, which is bounded by King, Young, Duke and Ontario streets. So far the city has spent about $13 million on all of the costs associated with buying the land, buildings and businesses.

Andrin gets the 2.6 acre site and two heritage buildings for $3.1 million

For more information on the Centre Block and other condos in Kitchener, contact Benjamin Bach @ Benjamin@BenjaminBach.com, or call me at 519-772-4376