In search of affordable new home options, many millennials are leaving the Greater Toronto Area and flocking to areas like Hamilton, according to Rosehaven Homes’ sales activity at KiWi Condos.
In Urbanation’s second quarter condo results for the GTA, the 905 area accounted for 58% of GTA condos sales. The average price per square foot for a condo in the GTA was $1,291, while the average in the 905 was $740 psf. That’s significantly more affordable and is enough to convince many young buyers to move to a different city.
“Almost 50 per cent of our buyers are GTA-based millennials who are simply priced out of Toronto,” says Marco Guglietti, Rosehaven Homes President. “They are dynamic and social young professionals who want to maintain the vibrant urban lifestyle they are accustomed to, and KiWi’s central location not only places them in the core of downtown Hamilton’s iconic arts district, but is accessible to transit which allows them to live outside of Toronto and easily commute to work every day.”
It’s not surprising to hear that nearly half of the buyers at KiWi Condos are GTA-based millennials priced out Toronto’s market because KiWi’s per square foot price averages out to just over $600, so there’s great value and millennials still get the urban atmosphere they desire.
Located at King William St. and Ferguson Ave. North, KiWi Condos is just a few blocks from James St., which is famous for its Art Crawl, which occurs every second Friday of the month. The neighbourhood is known as a gathering place for artists, musicians, entertainers, and buskers. Galleries, bakeries, shops, and cafes line the streets. The Walk Score for KiWi Condos’ neighbourhood is 97, the Bike Score is 72, and the Transit Score is 86.
Kiwi Condos will rise 14 storeys and feature 266 units with one- to two-bedroom+den floor plans, ranging from approximately 540 to 960 square feet.
The building amenities include a pet wash, an H2O lounge, and a gym with a yoga room on the ground floor. The 14th floor will feature a rooftop terrace with barbecue stations, a lounge area, fire pits, and it will be connected to an indoor social room with catering kitchen, dining, and lounge. There will also be street level retail.
Visit KiWi Condos as soon as possible!
KiWi Condos in Hamilton by Rosehaven Homes
is now open, and there are many incredible suites still available.
Visit the sales centre at 212 King William St. in Hamilton Monday to Thursday from 12 pm to 7 pm or on the weekend from 12 pm to 5pm to learn more about the available suites. You can also call 905-529-8383 for more details.
Prices start from the mid $300,000s.