We have an exciting opportunity for our investor clients happening in Downtown Hamilton!
Centrally located in Hamilton downtown at 121 King St E, Gore Park lofts will convert a century old building into luxury urban living. Suites will show off the building’s original history with exposed ceilings and original brickwork. The lofts are located steps to the infamous Gore Park - a pedestrian promenade with lush gardens, meeting spaces, fountains and art installations.
One bedroom units start at $304,900 and come with a 2 year property management, rental guarantee & 1 year free maintenance
What makes Gore Park Lofts a great investment?
1. Hamilton - Hamilton has been named one of the best cities to invest in throughout Canada over the past 10 years. The city has grown form it’s manufacturing/exporting roots to a thriving urban centre. The trajectory of growth shows no signs of stopping with 2017 seeing $1.3 billion in building permits and a 200% increase in industrial/commercial construction. Rental rates have increased 11% in the past two years and are predicted to continue trending upwards. Vacancy rates are well below the national average at 2.4%. With Toronto’s pricing out of reach for many people many Toronto urbanizes are flocking to Hamilton and bringing their desire for trendy urban living with them.
2. Location - Gore Park Lofts ticks all the boxes of a triple AAA urban location. Located on King St at Chariness in the Beasley Park neighborhood. Steps to future LRT, GO station, Gore Park, Retail at Jackson Square, farmers market, Trendy food and drinks. Close proximity to McMaster University, Mohawk College, First Ontario Center, Lake shore, Albion Falls.
3. McMaster & Mohawk College - combined student population of 72,705 not including any University or College faculty members. This is a huge influx of possible tenants on an annual basis. Mc Master University is the #3 ranked medical school in the Country (McLeans). Many students do not want to live or may not be able to find space in dorms or run down homes. Upscale condos are a great option!
4. Rental Guarantee & Property Management - this is a worry free investment opportunity! The builder is guaranteeing your rent for a 2 years beginning at occupancy. This rental guarantee comes with 2 yrs of free property management ($2200 value). The builder will find and mange the tenant for you during this time.
5. Future LRT - slated to begin construction in 2019 the LRT runs from Eastgate to McMaster. The Mary St stop is steps to Gore Park Lofts efficiently connecting Gore Park Lofts to McMaster, GO and downtown amenities.
6. VIP Incentives: 1 Year Free Maintenance ($4,500 value), Free Assignment, Extended Deposits, Parking Incentive ($1,200 value) and capped levies
|Name||GORE PARK LOFTS HAMILTON|
|Number Of Units|
|Unit Size||From 0 sq. ft. To 0 sq. ft.|
|Unit Price||Contact Us For Pricing|
|Bicycle Storage Cost||$0|
|Fees Per Square Foot||$0|
|Address||121 King St E, Hamilton, ON L8N 1A9|
|Major Intersection||King St E and Catharine St E|