University Studios is a new condominium development currently in pre-construction at 1900 Simcoe Street North in Oshawa, Ontario by Podium Developments and Building Capital. This is a proposed 8 storey building with 308 units designed by Wallman Architects and priced from $149,990. Tentative occupancy date is summer of 2018.
University Studios Condos is located near the Durham College and the University of Ontario Institute of Technology in Oshawa. This is a great investment opportunity as it is an "income-generating opportunity in Ontario’s newest and most popular asset class" in the the "heart of Durham's Education Hub".
University Studios condos is a residential building consisting of only 308 studio units from 274 square feet. These units will all come furnished with kitchenettes consisting of a sink, a 2 burner built in electrical range top, dishwasher, fridge, microwave, range hood, granite countertops and storage above. There's also a washer and dryer, storage, key fob controlled suite door, a multifunctional military grade tablebed with USB charging station and premium hospitality mattress with mattress protector. This tablebed acts as a dining area with mirror as well as a bed. The "designers have created an exciting furnishing fixture that will provide the ultimate in smart efficient design within the suites".
STUDENT LIVING IS A TRUE LONG-TERM INCOME-GENERATING ASSET
• 3 year Vendor Leaseback
• Innovatively designed fully furnished SmartStudiosTM
• Fully-managed hands-off real estate property
• Income generating asset with positive cash flow
The University Studios Condos Highlight:
- Step to University of Ontario institute of Technology
- Step to Durham College
- step to the park
- high demand for the student rent apartment
- major Banks, Retail Store all near by
- bus stop at front door.