Rolling off the unprecedented success of University Studios, Podium Developments and Building Capital are getting ready to launch University Towns, a new collection of SmartTowns™ and large condo units in Oshawa.
University Studios sold so quickly due to the strategic location minutes from Durham College and the University of Ontario Institute of Technology (UOIT), and the innovate design of the SmartStudios™ that featured appliances, furniture, and fold-up beds that doubled as dining/work surfaces.
Thanks to the location and affordable prices, investors looking to generate rental income jumped on the opportunity and we wouldn’t be surprised if a few students (or at least their parents) ending up purchasing.
Podium Developments and Building Capital are bringing the same concept to the master-planned community with University Towns, except on a larger scale. Even the SmartTowns™ are close to the campuses (a three-minute walk away, to be exact). Durham Region is booming and becoming an educational hub, so this kind of development makes so much sense!
The University Towns collection includes 112 townhomes and 22 large condo units, ranging from 922 to 1,092 square feet. All of the townhomes feature three-bedroom layouts in both stacked and flat floor plans. The majority of the SmartTowns™ have private access. All of the condo units are also three-bedrooms.
The developers have structured ownership at University Towns to be stress-free and hands-off. There will be resident services managed and offered by Varsity Properties. The SmartTowns™ are fully furnished and come with a complete appliance package. There is also a two-year vendor leaseback, so you are guaranteed a return in your first two years of ownership.
Podium Developments and Building Capital are making it easy for you to invest in the condo market and take advantage of Durham’s growing popularity. You don’t have to be an investor to purchase one of the SmartTowns™. If you’re looking for the convenience that a condo lifestyle has to offer without living in a dense urban centre, then University Towns is a great option. Plus, the price of low-rise housing is growing rapidly across the Greater Toronto Area (GTA) and surrounding areas, but you can own a three-bedroom home at University Towns for as low as $299,990!
University Towns features a wide array of building amenities, including a fitness centre, a lounge, a media room, storage and bike parking, an indoor party room with a full kitchen, an outdoor sky terrace, and a dining area. There are also areas specifically designed for students, like private study rooms. This kind of amenity is sure to attract tenants, so you’ll have the edge over other rental units around the campuses.
Register for University Towns right now!
With Oshawa growing steadily and plenty of neighbourhood amenities, like bistros, art galleries, shops, and new restaurants popping up, now is the time to invest in the city!
If you’re interested in investing in the new collection of SmartTowns™ or if you want to call one of them home, then you should register right now! Based on how quickly the SmartStudios™ sold, you should aim to be first in line for when University Towns launches!