Verde Living Condos

Details

Welcome to Verde Living

Rediscover nature. Rediscover community. Rediscover vibrant condo living at Verde Living in Kitchener. Part of the Laurentian Commons community, which features shopping, dining, and work opportunities surrounded by parks and trails, Verde Living invites you home.

Development Name:  Verde Living Condos

Developer: JD Development Group and Downing Street

Address: 83 Elmsdale Dr, Kitchener

Main Intersection: Ottawa St S & Westmount Rd E, Kitchener

Number of Storeys: 7

Number of Suites: 245

Unit Types: Condo

Unit Size Range: 456 – 772 sq ft

Parking Price: $55,000

Locker Price: TBD

Estimated Taxes: 1% of the price / year

Estimated Maintenance: $0.60 / sq ft / month

Estimated Parking Maintenance: $49.95 / month

Estimated Locker Maintenance: TBD

Estimated Occupancy Date: Aug, 2024

Deposit Structure:

$5,000 on signing
Balance to 5% in 30 days
2.5% at 60 days
2.5% at 120 days
2.5% at 365 days
2.5% at 720 days
5% on Occupancy

International Deposit Structure: TBD

Building Amenities: Fitness Studio, Yoga/stretch studio, Guest Suites, Community lounge, Private entertaining lounge with fireplace, Co-working lounge available for meetings, studying, or working remotely, Private dining room with kitchenette, Pet wash station, 2-story rooftop pavilion includes a yoga/stretch area, dining areas, fire table, and BBQ

DEVELOPMENT HIGHLIGHTS:‎

• The area is extremely family-friendly, home to many natural green spaces and great schools
• Relative proximity to schools such as Wilfrid Laurier University, the University of Waterloo, the University of Guelph, and McMaster University in Hamilton
• Immediate access to Highway and quickly connecting them to Highway 401
• Just steps away from Grand River Transit bus routes
• Easy access to nearby Mill Station along the ION LRT route

PRICING: From the High $400’s

About the Developer:

JD Development Group has been building successful communities and high-quality residential developments since 2010. They take a different approach in every aspect of the home building process from acquiring land, architectural design and construction, to project financing, marketing, leasing and property management. They focus on building residential housing, mixed-use retail and commercial developments while strategically converting vacant, underutilized land and turning it into thriving, innovative communities.

The Downing Street Group was founded in 1986 as a full service, third-party fee developer. Today, they offer expert financial and management support throughout the entire development process, including land acquisition, development management, financing and syndication, and asset management, while providing attractive risk weighted returns.

Downing Street Group focused on the financing of real estate from both a debt and equity perspective, as both principals and advisors, across all asset classes of real estate.