With rising post secondary enrolment rates at Brock University and Niagara College, the need for student housing continues to grow around the Niagara region. According to the CMHC, students and young professionals relocating to the area for their studies and work opportunities will contribute to the further decrease of the vacancy rate to 2.6 per cent by the end of 2017 — a level not seen since 2004. That’s in addition to individuals moving to the area for work opportunities as well as youth leaving the family home who end up competing with students for rental units.
Coming soon to 699 Niagara Street in Welland, The Locke Condos is ideally situated within walking distance of Niagara College and a 20 minute bus ride to the Brock University campus. Its proximity to these institutions makes it an appealing option for students, and a prime opportunity for investors looking for solid investment returns.
Also nearby is a wealth of shopping and entertainment venues including the Seaway Mall with over 500,000 square feet of retail space including a Winners, Sport Chek and Cineplex Theatres. Everyday conveniences such as Zehrs Grocery store, and recreational areas like Merritt Island Park are also close at hand.
Inside, the development will house a total of 42 two- and four-bedroom units ranging in size from 1,100 square feet to 1,664 square feet. Designed to balance the social college lifestyle with the discipline of achieving academic excellence, the suites offer open concept living areas for easy entertaining and large private bedrooms with three piece ensuites for quiet study.
Each suite boast premium finishes like granite countertops, upgraded kitchen cabinets, and luxury engineered floors. They also come fully furnished with commercial grade decor furniture and a full appliance package consisting of stainless steel kitchen appliances and ensuite laundry.
Amenities include a common study space, party room and lounge, and a 7th floor fitness centre and yoga studio complete with sweeping views of Welland and beyond. The building also features a full time dedicated on site property manager, secured wireless entry and a state of the art security and monitoring system in common areas.
Prices at The Locke start from the low $300,000s and include a two year comprehensive rental guarantee and two year all inclusive professional property management services. To learn more about the development be sure to visit thelocke.ca to register today!
For more information, call 905 545 1188 or email email@example.com.