Description
This sensational new pre-construction condo development is coming to one of Waterloo’s busiest student areas.
Prima Condos is a new mid-rise development by DCB Developments in Waterloo. This six-storey condo building will be located at 83-85 Hickory St W and 265-267 Hemlock St W in the Northdale neighbourhood, west of the main intersection of King St N and Columbia St W. A total of 168 units will be available including modern studio, one-bedroom, one-bedroom + den, and two-bedroom suites.
This condo will enjoy a prime location near transit and within walking distance of three major Ontario post-secondary institutions, presenting stunning opportunities for investment.
Prima Condos will have a statement-making exterior defined by various shades of earth tones complemented by glistening glass atop a large podium. Stairs lead to the entrance from street level, accompanied by tasteful landscaping that invokes wistful natural greenery.
This condo will present a leading design ideal for students, young professionals, and families. Seniors seeking to downsize in a growing urban setting may also find them alluring.
Investors can choose from the following layouts:
- Studio: 6 units
- One-bedroom: 119 units
- One-bedroom + den: 25 units
- Two-bedroom: 18 units
A parcel room and mail room will be present in the lobby on the ground floor for convenience and service. This level will also house a bike room and two common indoor amenity spaces that may include an elegant party room and a fully-equipped fitness centre.
Ground floor indoor amenity spaces will be found paralleling Hickory Street and at the rear of the development. Two additional indoor amenity rooms will also be located on the mezzanine level, providing welcoming space to lounge, study, or relax.
A total of 57 underground vehicle parking spaces will be on site, along with 57 indoor and outdoor bicycle parking spaces.
Location & Neighbourhood
Northdale is a significant Waterloo neighbourhood undergoing dramatic change that investors won’t want to miss. This area sits strategically close to the Univerity of Waterloo, Wilfrid Laurier University, and Conestoga College and was once filled with single-family homes set on large grassy lots centred on a family-focused lifestyle.
Many of these homes have transitioned over the years to become privately owned student rentals, and they are now being purchased and redeveloped as condos at a fast rate. This change is producing a potential new “downtown north” for the City of Waterloo and an area bursting with opportunity.
Investors should note that Prima Condos, collectively, will be close to the Univerity of Waterloo, Wilfrid Laurier University, and Conestoga College serve approximately 103,000 students each year.
For its part, the Region of Waterloo as a whole had a population of 587,165 in 2021 and is expected to almost double this to reach 923,000 residents by 2051. In addition to being an education destination, part of the allure of the city is its strategic location along Ontario’s Innovation Corridor. This corridor is a hotspot for tech in Canada and a hub for start-ups, with tech jobs in the area increasingly drawing new residents and ongoing opportunities.
Residents at this location will be near the following key destinations:
- University of Waterloo (20 mins walk)
- Wilfrid Laurier University (6 mins walk)
- Conestoga College (17 mins walk)
- Grand River Hospital (10 mins by car)
- University of Waterloo Station (Ion Light Rail) (18 mins walk)
- Laurier-Waterloo Park Station (Ion Light Rail) (17 mins walk)
- Kitchener GO Station (26 mins by bus)
- Earth Sciences Museum (20 mins walk)
