Developer: Kaleido Developments
Address: 416 Dundas Street East, Whitby, ON
Nearest Intersection: Brock St S & Victoria St
Pricing: Starting From The $400s
Occupancy: July 2023
Storeys/Suites: 7 Storey Low-Rise with 105 Suites
Suite Types: One Bed – Two Bed + Den
Suite Sizes: 569 sq ft – 1,132 sq ft
Maintenance Fees: approx. $0.56 Per Sq. Ft / Month, Utilities metered separately
$699,000 and Under: $5,000 On Signing // Ballance to 5% in 30 Days // 2.5% in Jan, 2022 // 2.5% in March 2022 // 2.5% in Jan 2023 // 2.5% in March 2023 // 5% on Occupancy Q1 2024
Incentives*: Free Parking ($20,000 Value), Free Locker ($5,000 Value), Free Assignment ($1,000 Legal Fee), Right to lease during Occupancy VIP Pricing & First Access to the Best Availability, Capped Development Levies $9,000 1B & 1B+D, $11,000 2B & Larger
Suite Finishes: Laminate Flooring, Stone Kitchen Countertops, Stainless Steel Kitchen Appliances, Stacked Washer & Dryer
Building Amenities: Party Room, Lobby Lounge Room, Fitness Centre
Durham Region is a hot real estate market, and continues to grow every year. Outpacing even Toronto itself, Durham is an attractive location for families looking to homes along the shores of Lake Ontario, within commuting distance to Toronto, and also offers many rustic, slower-paced towns in the north of the Region. The housing market in Ajax in particular has grown by a staggering 72% since 2012, with the average condo price sitting well below that of Toronto proper.
This growth is largely due to the influx of population, which is undergoing a dramatic downtown rejuvenation. Millions have been invested in building a new urban core to the city and surrounding areas, with emphasis on higher density and mater-planned communities with amenities right at the doorsteps to these new condominiums and subdivisions. Investment opportunities are everywhere as Ajax and Oshawa are particularly attractive to young professionals and new families in the 20-30 bracket, and these “Dormitory Communities” begin to grow into destination cities themselves.