Featured Post
Bauer Lofts Condo in Waterloo Ontario for rent
May 10, 2009 by Benjamin Bach · Leave a Comment
Luxury Loft Living in the heart of Uptown Waterloo
You can rent a cool, spacious modern condo in Waterloo’s hottest new development, the Bauer Lofts.
Artists rendition of streetscape at Bauer Lofts Condominiums in Waterloo, Ontario
If you’ve been waiting for the right building to call home, your search is finally over.
Your new home is located above Vincenzo’s and other premier retail & markets shops, and features premium finishings such as:
Right now, we have 2 condo apartments available for lease.
First up for your rental pleasure is a luxurious 2 bedroom, 2 bath (including master ensuite spa) condo featuring 1188 sq ft of chic, modern space.
Bauer Lofts Condominium in Kitchener Waterloo, Ontario -’R’ Suite Floorplan
This luxurious condo is on the 7th floor with gorgeous views overlooking the city. This condo is available for $2195/month which includes gas, 1 parking spot and condo fees. 1 year minimum lease, available July 1 2009
Also available is a 2 bedroom, 2 bath condo with a terrific layout ideal for entertaining, and a terrace off of the dining room.
Bauer Lofts Condominium in Kitchener Waterloo, Ontario -’Q’ Suite Floorplan
You can be living in this cool condo as soon as June 1, and the monthly rental rate is just $2095 which includes gas, 1 parking spot and condo fees.
The Bauer Lofts is a historic site - originally home to the Bauer factory - and is one of the most desirable new condominium developments in the Waterloo Region. The project sold out before construction started (although there are a handful of units now available again through the builder - contact us for information on these investment opportunities)
Historic facade of the Bauer Lofts Condo in Waterloo, Ontario
For more information, and to schedule a viewing, email me, or call me at 519 570 4447
Nearly New Kitchener Condo For Sale
December 15, 2008 by Benjamin Bach · Leave a Comment
This condo is no longer available. Please contact us for current Condos for Sale in Kitchener Waterloo
33-12 Holborn Drive in Kitchener is a fantastic opportunity to acquire a nearly new (completed in 2008) condominium in Kitchener’s desirable Stanley Park neighbourhood.
This 3 bedroom condominium features a roomy open concept floor plan, 1200 square feet all on one level, including a Kitchen with a breakfast bar & island, and lots of cupboards and counter space.
We have clients who are renting identical units in this condominium complex for between $1200 and $1250 a month, so this represents an opportunity for Investors looking for a great condo, or someone looking to downsize from a home to the easy condo lifestyle.
Spacious 4 piece washroom
Jeff Zabel with Mortgage Alliance has provided us with some information on potential mortgage payments, so you can see how affordable the Kitchener Condo is to buy:
Monthly Principal and Interest (P&I - mortgage) charges based on 3 different downpayments
With 5% Down - P&I is $1049.86 / month
With 10% Down - P&I is $987.37 / month
With 20% Down - P&I is just $857.09 / month*Above Rates Based on a 4 yr term at 4,95% interest rate, ammortized over 35 years.
The above amounts are estimates and qualification still depends on a formal mortgage application, credit verification and other conditions as may be necessary for approval. The above rates are subject to change without notice.
If you’re a first time buyer, this condo makes a great choice. Ideally located near the expressway (easy access to Waterloo, Cambridge, Guelph, Pearson Airport, Toronto and other parts of South Western Ontario), major shopping (grocery stores, pharmacy, LCBO, post office, restaurants etc), and it’s on the Grand Rapid Transit (GRT) #1 Bus Route
Combine that with the location close to schools and this condo has the ideal Stanley Park location.
Set up a Private Viewing
Request More Info
or Call Benjamin @ 519.570.4447
Check out this Real Estate Video about the almost New Condo in Kitchener
–
Kitchener Waterloo’s Favourite Real Estate Agent** wants to show you how Real Estate Investing can make you wealthy. Benjamin works with people from all across Ontario, Canada and the world helping them build wealth through smart real estate investments.
Benjamin is a Sales Representative, and runs the Wealth Team at Keller Williams Golden Triangle Realty in Kitchener Waterloo.
He’d love to answer any questions about buying, selling and owning a residential, or income & investment property in the greater Waterloo region.
You can reach Benjamin at Benjamin(AT)BenjaminBach.com or call him at 519 570 4447
**Gold Award, Kitchener Waterloo Record Readers Select Awards 2007
The Kaufman Lofts in Kitchener Waterloo - an Investor’s Perspective
June 13, 2008 by Benjamin Bach · Leave a Comment
The historic Kaufman Lofts in downtown Kitchener have been a ‘destination’ building ever since construction on the condo conversion was announced.
People tell me “I want a Kaufman Loft!” Even if the loft is a bit smaller or pricier than another condominium they were looking at, the design, location and prestige put the project over the top.
Originally built in 1908, the building was formerly the Kaufman Footwear Plant.
One client saw a 750 sq foot unit in Waterloo for $135,000, and preferred the 710 sq foot Kaufman Loft at $210,000. The loft has a ‘cachet’ that just isn’t seen in most other developments in the area.
OK - people want to buy these to live in… but this brings us to the question: Is this an appealing real estate investment?
One of the biggest factors is location.
Located right on the corner of King St and Victoria Street in Kitchener, Ontario, it sits across from the brand new Downtown Kitchener Health Sciences Campus - which will house the University of Waterloo School of Pharmacy, the McMaster School of Medicine and the UW Optometry School.
OK - the condo’s are across the street from the new university campus. Sounds pretty good so far - let’s look into it a bit more.
- The school is projected to have 480 undergraduate and 70 graduate students, 50 faculty and staff.
- Upon completion, the UW Downtown Kitchener Health Sciences Campus expected
to bring hundreds of faculty members and staff to the city’s core each day.
This is no ordinary campus - it’s a campus full of people studying to be professionals, not regular undergraduates.
Most of these students tend to be academic-focused, want a nice, clean rental property near campus, and demand little else.
For the convenience, cleanliness and cachet, they’re usually willing to pay a premium.
I’ve seen 1 bedroom units renting between $1,000 and $1,200 a month, depending on upgrades and square footage.
Pretty healthy rental rates, but not a surprise when you consider how tight the rental market is in Kitchener Waterloo right now (click to read Vacancy Rate Falls in Kitchener Waterloo - Again).
What are the condos like inside?
This gorgeous 1 bedroom condominium at Kaufman (410 King Street West) just hit the market a few days ago for the low price of $180,900
It features polished concrete floors, twelve foot high ceilings, exposed ductwork and access to a roof top patio.
More things your future tenants will appreciate are the upgraded cabinets, luxurious Kitchen featuring a granite island,
stainless steel appliances, electric fireplace and an upgraded deep soaker tub.
How have these units performed for investors so far?
Great question! Let’s take a look at some numbers.
“When the lofts were first introduced to the market by the builder, prices ranged from $114,990 for a 515 sq. ft. unit, to $197,990 for a 1,120 sq. ft. unit. On a per square foot basis they averaged $203. Today, on the resale market, sold units have ranged from just under $150,000 to $299,900 with an average per square foot price of $281. For those original buyers of Phase 1 units (those who
purchased prior to the builder adding two storeys, increasing the number of units from 113 to 155 and the prices to an average of $249 per square foot) that means they have seen an average appreciation of 38 percent.”(source Exchange Morning Post (Exchange Magazine, March 17 2008)
Since Exchange published the story above, recent sales of condos in the complex have had listed prices between $164,900 and $219,900.
Currently there are available units with listed prices between $173,500 and $335,900.
If you are interested in learning about how a Kaufman Loft in Kitchener can fit into your real estate investment portfolio, call me now @ 519 570 4447.
I promise you a free, no obligation, educational discussion about your personal real estate goals.
Doesn’t get much easier than that.
-
Kitchener Waterloo’s Favourite Real Estate Agent** wants to show you how Real Estate
Investing can make you wealthy. Benjamin works with people from all across
Ontario and Canada - and recently, the world! - helping them build wealth
through smart real estate investments.
Benjamin is a Sales Representative with Keller Williams Golden Triangle
Realty in Kitchener Waterloo and would love to answer any questions about
buying, selling and owning a rental, income or investment property.
You can reach Benjamin at Benjamin(AT)BenjaminBach.com or call
him at 519 570 4447
**Gold Award, Kitchener Waterloo Record Readers Select Awards 2007 - 2008
Vacancy Rate Falls in Kitchener Waterloo - Again
June 9, 2008 by Benjamin Bach · Leave a Comment
The downward trend continues for real estate investors in Kitchener-Waterloo, Ontario.
Luckily its a downward trend in vacancy rates my clients are currently experiencing.
More specifically, ‘Vacancy Rates (%) in Privately Initiated Rental Row and Apartment Structures of Three Units and Over’ in the real estate investment properties they’re acquiring.
CMHC (Canadian Mortgage and Housing Corporation) released their Spring 2008 Rental Market Statistics (you can read it as a very long PDF at this link), containing a wealth of information on vacancy rates, availability rates, average rents etc., all broken down by geographic area and type of property.
The Private Apartment vacancy rate in the Kitchener Waterloo CMA (which includes Guelph, Guelph-Eramosa Township, Cambridge City, Waterloo City, Kitchener City, North Dumfries Township, & Woolwhich Township) is 2.0%.
This is in contrast to the apartment vacancy rate in Ontario, which now sits at 3.1%.
Several cities, including Hamilton, Windsor, and Oshawa, are now showing vacancies rate higher than the provincial average.
Kitchener Waterloo is the tightest rental market [ed: lowest vacancy rate] in Ontario, next to the Sudbury CMA.
We’re seeing a very strong demand for clean units in good locations - but that seldom changes.
What are YOU seeing on the ground?
Has renting your units become easier in recent months ? I’d love to hear what you’re experiencing in the market.
–
Kitchener Waterloo’s Favourite Real Estate Agent** wants to show you how Real Estate Investing can make you wealthy. Benjamin works with people from all across Ontario and Canada - and recently, the world! - helping them build wealth through smart real estate investments.
Benjamin is a Sales Representative with Keller Williams Golden Triangle Realty in Kitchener Waterloo and would love to answer any questions about buying, selling and owning a rental, income or investment property.
You can reach Benjamin at Benjamin(AT)BenjaminBach.com or call him at 519 570 4447
**Gold Award, Kitchener Waterloo Record Readers Select Awards 2007 - 2008
Real Estate Investing 101: Cash Flow or Equity Growth ?
April 24, 2008 by Benjamin Bach · Leave a Comment
Today’s question comes to us from a rookie real estate investor, just beginning to acquire real estate investment opportunities in the Kitchener Waterloo area:
"Should I focus on Cash Flow or Equity Growth when I start to invest in real estate?"
Great question. Click play to watch the answer
Are you focusing on equity growth, or monthly, pre-tax cash flow? What has been successful for you ?
Share your answers below in the comment section!
–
Do you have a question about real estate investing that you’d like Benjamin to answer ? Is there something you need some clarity on’? Don’t know what a NOI or GRM is, or whether or not it’s applicable ?
Send all your questions to Benjamin @ BenjaminBach.com and they’ll be answered right here in an upcoming episode of Real Estate Investing 101
Kitchener Waterloo’s Favourite Real Estate Agent** wants to show you how Real Estate Investing can make you wealthy. Benjamin works with people from all across Ontario and Canada - and recently, the world! - helping them build wealth through smart real estate investments.
Benjamin is a Sales Representative with Keller Williams Golden Triangle Realty in Kitchener Waterloo and would love to answer any questions about buying, selling and owning a rental, income or investment property.
You can reach Benjamin at Benjamin(AT)BenjaminBach.com or call him at 519 570 4447
**Gold Award, Kitchener Waterloo Record Readers Select Awards 2007 - 2008
Learn how to be a Millionaire in only an hour (and a half)
April 14, 2008 by Benjamin Bach · 1 Comment
Seriously! It may take a bit longer to make your first million, but on Thursday April 17 I am sharing systems and models that Millionaire Real Estate Investors have used for generations to build true financial wealth.
You will start down the path of being a Millionaire.
In this 90 minute interactive workshop, we’ll be looking at:
- How to get started investing in residential real estate
- Why so many people from across Canada are focused on the Kitchener Waterloo area as the #1 place they want to invest their money
- Whether you want to invest for Cash Flow or Equity Growth initially
- and where to find the professionals you need in your network and on your Wealth Dream Team
The workshop is FREE with registration (click here to register).
Anyone can do it, not everyone will. Will You?
WHEN: Thursday April 17th, 7:00-8:30pm
WHERE: Keller Williams offices, 871 Victoria Street North, Kitchener Ontario. (click for map)
Kitchener Waterloo’s Favourite Real Estate Agent** wants to show you how Real Estate Investing can make you wealthy. Benjamin works with people from across Ontario, Canada (and recently, the world!) helping them build wealth through smart real estate investments.
Benjamin is a Sales Representative with Keller Williams Golden Triangle Realty in Kitchener Waterloo and would love to answer any questions about buying, selling and owning a rental, income or investment property.
You can reach Benjamin at Benjamin(AT)BenjaminBach.com or call him at 519 570 4447
**Gold Award, Kitchener Waterloo Record Readers Select Awards 2007 - 2008
Apartment Building With Unbeatable Location in Kitchener Waterloo
March 8, 2008 by Benjamin Bach · 1 Comment
Attention Real Estate Investors!
I am pleased to offer for sale a 31-unit multi family residential apartment building in one of the best locations in Kitchener, Ontario.
The property consists of 24 2-bedroom units and 7 1-bedroom units. It generates $235,716 in annual revenue, and has a net income of approximately $160,716 after paying utilities, insurance, and property tax.
The property is offered at a 7% cap rate and would make an excellent flagship property for your real estate investment portfolio.
For information on how this property would ‘cash flow’ based on your initial investment, email me or call me.
Appointments to view the apartment building are being arranged for qualified investors starting Monday March 10. We have already had preliminary discussions with investors from across the world; if you are in the market for a quality property in a location that can’t be beat, speak up now, or wait another year for another opportunity as good as this.
For complete details, email me at Benjamin(AT)BenjaminBach.com
–
Kitchener Waterloo’s Favourite Real Estate Agent* wants to show you how Real Estate Investing can make you wealthy. Benjamin works with people from across Ontario, Canada (and recently, the world!) helping them build wealth through smart real estate investments.
Benjamin is a Sales Representative with Keller Williams Golden Triangle Realty in Kitchener Waterloo and would love to answer any questions about buying, selling and owning a rental, income or investment property.
You can reach Benjamin at Benjamin(AT)BenjaminBach.com or call him at 519 570 4447
*Gold Award, Kitchener Waterloo Record Readers Select Awards 2007 - 2008
On Cap Rates and Capital Growth
January 29, 2008 by Benjamin Bach · 2 Comments
Last week, a prospective investor from Stratford, Ontario - a picturesque town about 30 minutes from Kitchener Waterloo - emailed a question to me.
She asks, "What is, and how do you calculate a Cap Rate ?"
Great Question. Cap Rate, short for Capitalization Rate, is a rule of thumb (a rough calculation) that compares the net income of a property relative to the market value.
Net Income means the income left after paying the operating expenses and taxes on a property - it usually will not include servicing the debt - or the mortgage payments.
A property listed for $1,000,000 with $80,000 in net rental income (so, this might be $120,000 in gross rental income, and 40K in expenses like management, property taxes, utilities, hydro, maintenance, vacancy allowance, reserve fund contributions etc.) would have a cap rate of 1,000,000 / 80,000 - or 8%.
After I answered her question, I cautioned her against relying on the cap rate to evaluate a solid investment property. It seems conventional wisdom still says that a high cap rate is the golden turkey of Real Estate Investing.
I like disputing conventional wisdom, so I told her:
Cap rate doesn’t take into account financing options, location, condition, vacancy, zoning, permitted uses, property type etc., so it’s not usually a precise analysis relied upon by investors and real estate investment professionals.
A high cap rate is preferable every time…. as long as the property is in great shape, well located, attracts good tenants, and will let your capital appreciate at a healthy, and optimized rate. Now… if you’re chasing a 11% cap rate, and buy a property in need of some work, in the area of town that isn’t the greatest… it could cost you a fortune over the long run.
The cap rate doesn’t consider the age of the house, the condition, the location, the vacancy rate of the area, the potential future use of the home, the prospects for appreciation of your capital (i.e. what really matters).
An investment property with a 7% cap rate in great shape, in an in-demand neighbourhood with solid prospects for appreciation and growth, is preferable (to me and most of my clients) to rental home with a 11% cap rate in need of work, in a sub-great area of town. Does this make sense to you ?
As Jeff Brown said this week:
If growth is your primary goal, acquiring double digit cap rate properties will almost always have the following two consequences:
1. Your cash flow will increase, relative to your last property.
2. Your capital growth rate will simultaneously decrease, as most smallish residential income properties sporting high cap rates are in lower demand areas.
THAT’S WHY THEIR CAP RATES ARE SO DARN HIGH. [emphasis mine]
Don’t chase cap rates; find opportunities for your capital to grow at an accelerated rate. That way, when you decide to stop working at your job you are wealthy enough to do whatever you want.
That’s why most of us are investing in real estate in the first place, right ?
–
Kitchener Waterloo’s Favourite Real Estate Agent* wants to show you how Real Estate Investing can make you wealthy. Benjamin works with people from across Ontario and Canada helping them build wealth through smart real estate investments.
Benjamin is a Sales Representative with Keller Williams Golden Triangle Realty in Kitchener Waterloo and would love to answer any questions about buying or selling a rental, income or investment property.
You can reach Benjamin at Benjamin(AT)BenjaminBach.com or call him at 519 570 4447
*Gold Award, Kitchener Waterloo Record Readers Select Awards 2007 - 2008
Warning: 2 Myths That Can Stop You From Retiring Rich
January 13, 2008 by Benjamin Bach · 2 Comments
Recorded Live @ the Millionaire Real Estate Investor workshop
Kitchener Waterloo’s Favourite Real Estate Agent* wants to show you how Real Estate Investing can make you wealthy. Benjamin works with people from across Ontario and Canada helping them build wealth through smart real estate investments.
Benjamin is a Sales Representative with Keller Williams Golden Triangle Realty in Kitchener Waterloo and would love to answer any questions about buying or selling a rental, income or investment property.
You can reach Benjamin at Benjamin(AT)BenjaminBach.com or call him at 519 570 4447
*Gold Award, Kitchener Waterloo Record Readers Select Awards 2007 - 2008
FREE Millionaire Real Estate Investor Workshop in Kitchener Waterloo
December 19, 2007 by Benjamin Bach · 1 Comment
I’m proud to announce registration is now open for the January 10th Millionaire Real Estate Investor workshop.
There are only 25 seats, and the workshop will be full. Translation:
The last workshop was packed - wall to wall - and people drove from over 250 kilometres away to learn proven models for building a Millionaire Real Estate Investor’s portfolio.
Watch the full announcement below (in my first featured video ever)
Denis Caron had this to say after the December real estate investment workshop:
“After meeting with Benjamin at his workshop, I knew he was going to be an important member of my wealth building “dream team”. It was definitely worth the 280km drive I took to attend this night. Thanks for showing me how I can make my money work for me!”
WHEN: Thursday January 10th, 7:00-8:30pm
WHERE: 871 Victoria Street North, Kitchener Ontario. Click here for a map
You must register to attend, and registration is FREE. You can register by calling me at 519 570 4447 or emailing me at Benjamin(AT)BenjaminBach.com
A $5 charge at the door will apply if you have not registered in advance, but the workshop is free with registration (so email me to register already!).
I want to help You become wealthy. Call or Email me for a free Wealth Building Consultation and change your family's financial future today!
