The community — which has units starting at just $149,990, nearly 200 per cent below the average price of a new high-rise home in the GTA — is centrally located in Durham’s education hub, just steps from Durham College and the University of Ontario.
University Studios’ proximity to these institutions makes it an appealing option for students looking for an alternative to typical dorm life. Because of this, the building can provide a steady rental income for potential buyers looking for an investment property.
In fact, building Capital and Podium Developments are offering investors three years of rental assurance and including a custom furniture package with each unit. The package comes with conveniences such as a space-saving combination table-bed and high-quality kitchen appliances, so potential landlords won’t need to worry about furnishing their unit.
Amenities at University Studios will include a gym, party room, group-study room, laundry room, and outdoor barbecue area. There will be a common room on every floor as well.
Oshawa’s position as a higher-learning hub is just one of the ways in which the lakeside city has grown beyond its status as Canada’s Motor City. It is now Ontario’s third-fastest growing city and Canada’s 14th largest metro area.
While Oshawa itself offers an abundance of opportunities to live, work, and play, it’s also linked up to Toronto by both road and rail, so commuting to Ontario’s capital is easy via Highway 401 or train at the Oshawa GO Station.
Varsity Properties, which manages University Suites at Queen’s University’s Kingston campus, is also overseeing University Studios.
For more info about University Studios, visit www.UniversityStudios.ca.