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5 Tips for Buying a Condo in Kitchener Waterloo

Here’s a video I did for buyers who are just in the beginning stage of their condo search. There are 5 tips here that can be helpful in getting you started in the right direction. Thank you for watching!!


Thanks for reading!

Warren & Melanie McNeil | Sales Representatives, Team McNeil
RE/MAX Twin City Realty, Brokerage ( 519.579.4110 | 519-498-8118
Filed under: Loft/Condo Buyer Tips — Tags: , , , — wmcneil | Posted: December 6, 2011 @ 3:56 pm
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Buying a Townhouse Style Condo in Kitchener-Waterloo

Townhouse style condominium in KitchenerBy Warren McNeil,

Over the past couple of weeks we have been helping a few clients buy condos. I have showed quite a few different types of condos. Townhouses, apartment style and lofts. There are lots of options out there right not. But today I want to talk a little about Kitchener-Waterloo townhouses.

Townhouse style condos offer great value because they often have a lower cost per square foot then some of the apartment style offerings. The monthly fee is often lower as well. With townhouse style condos, you sometimes get a little patio area and possibly a deck. This is ideal if you want to host a bbq or you like to have a little area to let out your pets. Keep in mind that some condos won’t allow pets so you will need to look at the rules and regulations.

Townhouses sometimes offer more parking options. The unit might have it’s own garage and driveway.

Depending on the unit, you might have maintenance included in the condo fee which means you will never have to worry about replacing a roof or pay for any exterior maintenance. You are still responsible to pay for any maintenance within your unit. So if you need a new furnace you will need to pay for that yourself.

There are currently 24 non-freehold condominiums for sale in Kitchener-Waterloo ranging in price 134,900 – 350,000. 3 of these townhouses are less then 5 years old.


Thanks for reading!

Warren & Melanie McNeil | Sales Representatives, Team McNeil
RE/MAX Twin City Realty, Brokerage ( 519.579.4110 | 519-498-8118

Should you Buy a Condominium or a Single-Family Home?

By Warren McNeil

Kitchener Waterloo and Cambridge offer a huge selection of condos, lofts or singles. Whether you want to live in a Kitchener Waterloo condos for saleKaufman loft, a Keats Way condo, a single-family in Doon South or a townhouse in North Waterloo the choices are  endless. But which is the best option?

I have written similar blogs about this topic before but it never seems to get old. I have lots of clients who say to me they would never pay a condo fee. I have other clients who say, they want somewhere that will allow them the freedom to come and go as they please without having to worry about maintenance. Whatever the case is, people have their preference and here are a couple of thoughts to ponder.

One of the cons to condo living is the extra monthly fee you have to pay for maintenance. I had a client say to me recently that they feel that the monthly condo fee is a waste of money. These people lived in a single-family home for 30 years and were used to doing all of their own maintance and upkeep on their house. My goal with them was to explain the benefits of condo living. One benefit I shared with them was that condo living would allow them the flexibility to travel for extended periods of time while leaving the condo unattended. All maintenane and upkeep is taken care of for them. No snow to shovel and no grass to mow.  We have many clients who own condos and lofts who absolutely love that they don’t have to worry about these types of things.

Kitchener lofts and condosChoosing a condominium over a single-family home is about choosing a lifestyle. If you are used to living in a single-family home then moving into a condominium could be a huge shock to you. But wouldn’t it be great to not have to be responsible for repairs or other maintenance.  What about underground parking or access to a swimming pool? These are all amenities you can expect from living in a condominium.

 Overall, condominiums are a pretty secure investment for buyers over the last ten years. With diligent research on your part, you’ll be able to answer your own “which option is better?” question in the end and feel good about your decision.

Thanks for reading!
Warren & Melanie McNeil | Sales Representatives, Team McNeil
Re/Max Twin City Realty, Brokerage
( 519.579.4110 
8 www.TeamMcneil.com, www.LoftStyle.ca, www.ClickThatHouse.com 
 
P.S. Looking for a condo or loft, check out our brand new website at www.LoftStyle.ca!

4 Loft & Condo Developments in Kitchener-Waterloo

By Warren McNeil

Searching for a condo or loft in Kitchener,Waterloo or Cambridge? Here are a few options to consider if you are in the market.

Kaufman Lofts – 404 & 410 King St W, KitchenerKaufman Lofts - Boca model - Kitchener Waterloo Condos & Lofts

 Situated downtown Kitchener on the corner of King and Victoria St is the Kaufman Lofts. This award winning development offers 11-13 foot high ceilings, polished concrete floors and columns, designer inspired kitchens, sliding barn doors, some units  feature subway style backsplash and granite counter tops, and full featured sumptuous bathrooms. Loft sizes range from 515 sq.ft in the SOHO up to 1135 sq.ft in the Neptune. For a complete list of floor plans, see Kaufman Lofts Floor Plans.

The Kaufman Lofts are built by Andrin Homes. As of this writing, there are currently 10 lofts for sale ranging in price from, 174,900 (600 sq.ft) to 289,900 (1120 sq.ft). There is also a 570 sq.ft unit available for 1,195 per/month lease.

LeMarche Condos – 165 Duke St, Kitchener

These beautiful condos are located in the east end of downtown Kitchener attached to the Kitchener Farmers Market (aka Your Kitchener Market). The developer is the Barrel Works who also built the Seagrams lofts in Waterloo. These condos are open concept in design, hardwood floors, modern kitchens with granite countertops and maple cabinetry. In-suite laundry, underground parking and use of a quiet court for get togethers with friends or family.

There are units currently for sale between $194,900(864 sq.ft) to $269,900 to (1294 sq.ft).

Seagrams Lofts –  3 & 5 Father David Bauer, Waterloo

Next is a Waterloo condo development which was also developed by the Barrel Works Group along with Terra View Homes and Kiwi Newton Construction. At a cost of over 25 million to develop, there are a total of 103 loftstyle condomiums that take up a site area of over 2.3 acres. Before the buildings were built, the site was used as a distillery warehouse, housing upto 17,000 barrels of whiskey.

Seagram Lofts is adaptive reuse of a brownfield site, which created residential property in the heart of Waterloo’s downtown core from two, heritage,  whisky-barrel warehouses. As part of downtown Waterloo’s revitalization, the project was the subject of much public interest.The project created 103 loft-style condominium units with high ceilings and large windows. Complementing these features are original brick walls and barrel-wood, evoking the old  warehouse feel.” source CMHC Case Study Waterloo Seagrams Lofts case study.

There is currently only one unit for sale that is priced at $359,000 and is 1260 sq.ft.

Sources: CMHC Case Study Waterloo Seagrams Lofts
CMHC Case Study Waterloo Seagrams Lofts

Bauer Lofts – 191 King St S. Waterloo Bauer Loft Waterloo

 A new development situated in Uptown Waterloo is the Bauer lofts. These modern lofts feature 10 foot ceilings and 8 foot high door entrances. Units range in size between 600-1200 sq.ft and larger.  The Bistro-style kitchen features centre island and stylish modern cabinetry. This development blends the old with the new .  All the units are almost sold out with the exception of one unit that is currently listed at $339,900 for 1265 sq.ft. They are leasing units between $1500 to $2850.

For more information about these or any other loft or condo in Kitchener-Waterloo area, please contact us.

Thanks for reading!

We are a full-time real estate team in Waterloo Region, Woolwich & Wellesley Townships. We enjoy assisting buyers and sellers with the purchase or sale of real estate in the Kitchener-Waterloo, Cambridge, Elmira, Wellesley, Wilmot, Drayton and everywhere in between. If you would like us to help you with your home search, please check out our brand-new free search website or if you are thinking of selling, get a free market evaluation.

Warren & Melanie McNeil | Sales Representatives, Team McNeil
Re/Max Twin City Realty, Brokerage
( direct: 519-498-8118, office: 519.579.4110
8 www.TeamMcneil.com, www.LoftStyle.ca, www.ClickThatHouse.com, www.ElmiraRealEstate.ca

P.S. Looking for a K-W condo or loft, check out our brand new website at www.LoftStyle.ca!
Become a Fan of our Facebook Fanpage at www.facebook.com/TeamMcNeilRemax


Thanks for reading!

Warren & Melanie McNeil | Sales Representatives, Team McNeil
RE/MAX Twin City Realty, Brokerage ( 519.579.4110 | 519-498-8118
Filed under: Kitchener Waterloo Lofts and Condos — Tags: , , , , — wmcneil | Posted: November 16, 2009 @ 9:44 am