DTK Condos is a new condos development located at 32 Duke Street East in Kitchener. Developed by IN8 Development. At the centre of Downtown, Duke Tower Kitchener will rise 33 stories to be the tallest tower in the city. A decade of private and public investment in infrastructure, innovation, business and community culture have transformed the city. Downtown Kitchener is finally ready for you to live here. Duke Tower Kitchener – The Condominium Kitchener Has Been Waiting For.
► $0 ASSIGNMENT CHARGE
► SMART HOME TECHNOLOGY PACKAGE (SMART DOOR, SMART LIGHTS, SMART THERMOSTAT)
► ONE YEAR FREE PROPERTY MANAGEMENT AND LEASE SERVICE (OR $2,000 UPGRADE CREDIT)
► FREE CONVENTIONAL LOCKER – ONLY OFFERED BY STARION REALTY
► FREE MORTGAGE ARRANGEMENTS
PROJECT QUICK FACTS:
- Developer: IN8 Developments
- Address: 32 Duke Street East, Kitchener
- Nearest Intersection: Weber St E & Queen St N
- Pricing: From The Mid $200,000s
- Occupancy: Summer 2021
- Storeys/Suites: 33 Storeys / 410 Suites
- Suite Types: One Bedroom – Two Bedroom Suites
- Suite Sizes: 402 Sq Ft – 767 Sq Ft
- Locker: $2000 – Free for Starion Realty Client/Purchasers Only
- Maintenance Fees: $0.43 per square foot (excludes Hydro – Tenant or end-user pays for Hydro as units are metered seperately)
- Deposit Structure: $5000 on Signing || 5% Minus $5000 in 30 Days || 5% in 120 Days || 5% on February 2019 || 5% November 2020
- Suite Finishes: Laminate Flooring, Stone Kitchen Counters, Stainless Steel Kitchen Appliances, Stacked Washer & Dryer & More
- Building Amenities: 24 Hour Concierge, Ground Floor Retail Space, Rooftop Terraces with BBQs, Fitness Centre, Electric Vehicle Parking Available, Four Car Share Services, Pet Spa & More
- Anticipated Rental Rates: 1 Bedrooms: $1300-$1450 || 1 Bedroom + Dens: $1450-$1550 || 2 Bedrooms: $1600-$1850
WHY INVEST IN KITCHENER:
► Downtown Kitchener has over 90 retail businesses, and 100 food and drink providers. From the internationally-recognized KW Symphony to the Centre in the Square Performance Centre, from polka-ing at the world’s second largest Bavarian Festival, Oktoberfest, to crooning at Kitchener’s lively Blues Festival, from taking it all in a the Contemporary Art Forum to taking to the hills at Chicopee Ski Resort, arts, entertainment and recreation.
► The Brand-New ION Light Rail Transit Line that will connect Kitchener, Waterloo & Cambridge has a stop which is just a One Minute Walk from your front door. Commuting through the Tri-Cities has never been so convenient
► Two Minute Drive or Ten Minute Walk to the Kitchener Train Station which has both GO Train & VIA Rail Access taking you in and out
► Living at DTK gives its’ residents a 97 Walk Score – meaning all your daily errands are within walking distance. Restaurants, Shopping, Banks, Fitness Gyms, Entertainment, Public Transit, Public Courthouse Facilities & More
► Kitchener will have a stop on the newly announced $11 Billion Dollar High Speed Train System (up to 250 km/hr). This means residents from Kitchener can get to Pearson Airport in 32 minutes and Downtown Toronto in just 48 minutes. DTK will be a short three minute commute or twelve minute walk to the proposed stop meaning residents can get to Downtown Toronto in less than an hour without the use of a car. Click Here to Learn More
► Kitchener-Waterloo has earned the reputation of being Canada’s fastest growing tech talent market, increasing its talent pool by nearly 66% in the last five years adding 8,400 tech jobs attracting young talent while offering a lower cost of living than Toronto! The growth rate of tech jobs makes it the second fastest in NORTH AMERICA outpacing even Silicon Valley. Google, Microsoft, Shopify, Blackberry, Desire2Learn, Communitech all call Kitchener home. Click Here to Learn More
► Tech companies attracted more than $291 Million Dollars in Venture Capital in 2017
► Home to over 98,000 post-secondary students, this is a region built on Post-Secondary Institutions. DTK will be 3 minutes to the School of Pharmacy at the University of Waterloo, a short 9 minute commute to Wilfrid Laurier University, 12 minutes to the University of Waterloo & 15 minutes to Conestoga College
► Population of 568,500 and one of Canada’s fastest growing communities, expected to reach 742,000 people by 2031. The KW region has the 4th largest population in Ontario
► According to CBRE’s 2017 Scoring Canadian Tech Talent Report, Waterloo Region added 8,400 tech jobs from 2011 to 2016, a 65.6% growth rate, outpacing growth of Silicon Valley, making it the second fastest rate of tech labour pool growth in North America after Charlotte, North Carolina at 77.1%.Waterloo Region is a hub of tech triumphs. Google, Blackberry, Microsoft, Shopify and Communitech are a few fixtures to name.
► New data collected by the Kitchener-Waterloo Association of Realtors in 2017 illustrates that the average sale price for a home in Kitchener Waterloo increased by 20.7 per cent year-over-year. This meant an increase from $387,291 to $467,513.
► The need for both urban and affordable condominium and rental accommodations is evident. Demand for rental accommodations across the Region increased by a record setting 7% while vacancy rates dropped to a very low 1.9%. A number of factors contributed to this spike in demand including strong immigration, a 40% increase in study permit holders and an increasing Senior population.
► Between July 2016 and June 2017 1,293 condominium apartments were completed with 30.3% of those being rentals. The rental condominium apartment vacancy rate was a mere 0.7% in September 2017, indicating a lack of supply and a high demand for luxury rental options in new building with more amenities.
► $868M was invested into developing KW’s ION Rapid transit system. When ION light rail launches in 2018, users can pay one fare and transfer seamlessly between bus and light rail services. Ion will streamline transit within the Region, operating on a 19-kilometre, 19 station route spanning from Conestoga Mall in Waterloo to Fairway in Kitchener.
Never be bored here
Feel the energy of Downtown. Summer street festivals, evening cocktails, spend an afternoon at the Museum or catch a show on Saturday night – with a Downtown playground at your door, life at DTK Condos is never dull. When your friends ask “where’s it at?” just tell them.Never be bored! DTK condo is surround by dining and entertainment in Downtown Kitchener, nearby attractions include the museum, Conrad Center for the Performing Arts, The Registry Theatre, and K-W Art Gallery. Nearby parks include Cherry Park, Victoria Park and Kaufman Park and more.
Get ahead here
Work late and get home early. DTK is at the centre of Kitchener’s business district and steps from U of W’s Kitchener campus. If want some extra study time, or to move your career along without giving up your ‘me time
Transit and Academia just a few steps away
With Many nearby public transportation options (Frederick Street ION stop just outside DTK Condos, and minutes to the Go Station and express-way), close to schools, just steps away from University of Waterloo Kitchener Campus
► Fast access to grocery stores (J&P Grocery) and farmer’s market such as New City Supermarket and Kitchener Market, bite in for fresh experience.
About the Developer:
IN8 Developments: With over 20 years of experience in urban development, IN8 Developments is dedicated to designing innovative, intelligent and efficient housing solutions. A steadfast commitment to excellence has enabled IN8 to successfully launch and rapidly sell-out numerous projects in Southwestern Ontario.
Proven Success Fom A Local Developer: IN8 Developments is a local developer with a team of over 50 dedicated KW resident employees. IN8 takes pride in making Kitchener-Waterloo a beautiful place to live. Investors of our first Waterloo projects realized an accelerated performance in capital appreciation due to the increased pricing in our subsequent projects. Buyers of one bedroom units in Sage II realized a 35.6% appreciation in the value of their condo versus the price in Sage Platinum three years later.
THIS PROJECT IS NOT YET OPEN TO THE PUBLIC
Contact us to get first platinum access to this project in order to secure your unit ahead of the crowd with significant price savings. We will answer all your questions and work through the numbers with you. Register to secure a unit, get the price list, floor plans and brochure E: firstname.lastname@example.org | C: (647)449-4114