With indications of a powerful rental market coming to the forefront, commercial property in the Greater Toronto Area (GTA) continues to be a sought-after investment.
In a city where real estate investment has proven highly lucrative, office condominiums are in short supply and office space is commanding above average rents.
The combination of low vacancy, stable-to-rising rental rates, readily available capital, and multi-billion dollar transit projects guaranteeing an influx of commuter traffic, create an ideal mix of market fundamentals for solid investment conditions.
As office condo ownership is rare in Canada with pension funds, real estate investment trusts, and institutional funding commonly crowding out investors, University Heights presents a rare and remarkable opportunity. Commercial office condos are office units purchased by business owners or investors who either plan to run their company from the space or lease it out for future gain. These condominiums provide shared building amenities, systems, and management services. Today many professionals are choosing this route, though often these opportunities are reserved for pension funds and other institutional investors, and the option for an individual to invest is growing harder to come by.
WHY KEELE AND FINCH?
With the new Finch West transit hub(subway and LRT) just metres from the Centre, and compelling ground and mezzanine level retailers, University Heights promises to draw both regular visitors and foot traffic, bringing the building’s professional offices a constant flow of new clientele seeking connectivity and one-stop convenience.
UNIVERSITY HEIGHTS FEATURES
With retailers at ground and mezzanine levels, drawing qualified consumer traffic, the new University Heights Professional & Medical Centre lobby has One-Stop-Shop appeal. The commercial tower is set strategically inside the core area of the new Finch West commuter hub and boasts 8 storeys of modern, AAA, medical and professional office space.
89 customizable, divisible and expandable office units of
505 to over 2,500 square feet for sale, with available underground parking if required.
6 select units with large exclusive balconies
Professional designer finishes throughout lobby and
common areas by Ambience Design Group
Constructed to Toronto Green Standard Tier 2 qualifications,
utilizing high reflecting materials, energy efficient controls, and
low impact mechanical fixtures
7100 square feet of accessible rooftop greenspace
WHY NOW IS THE TIME TO OWN RATHER THAN LEASE
Demand for office space in Toronto has pushed vacancy rates to lows not seen in decades, while lease rates have enjoyed a steady rise. These factors have created a compelling argument for professionals to invest in the real estate of their business or for investors who wish to lease the space. For business owners, the long-term benefits of ownership include the ability to rent or lease out a portion of unused space and expand into it later as the business grows.
CONSTRUCTION IS PROGRESSING AND NOW IS THE TIME TO BUY! SPECIAL INCENTIVE PRICING ON SELECT UNITS.
CONTACT LISTING AGENT FOR A SALES INFORMATION PACKAGE TODAY!