Evergreen at Lackner Ridge by Reid’s Heritage Homes in Kitchener

Introducing Evergreen at Lackner Ridge by Reid’s Heritage Homes, the newest addition to the Lackner Ridge Master-Planned Community in Kitchener! Comprised of 6 mid-rise condominiums, Evergreen promises to become the final building in this community, which is situated near Lackner Blvd & Ottawa St in Kitchener’s east end. This new development is sure to capture the attention of homebuyers and investors alike with its unbeatable location and numerous amenities.

Reasons to Buy

There are many reasons why you should consider investing in Evergreen. Here are some of the most important ones:

Population Increase & Economical Outlook

Kitchener is home to over 256,000 people and is part of the Waterloo Region, which also includes Waterloo & Cambridge. The Waterloo Region is projected to grow to nearly 923,000 people by the year 2051, including over 470,000 jobs. The increase in population, coupled with the growth of the Waterloo Region, will make Kitchener an even more desirable city to live in and work, thereby increasing the demand for housing.

Connectivity & Education

One of the standout features of Kitchener is its excellent connectivity. The city is serviced by several highways, including Highway 401, Highway 8, and Highway 7. Additionally, the city is home to GO Transit, ION Light Rail Transit, and Grand River Transit, all of which connect residents to various locations with ease.

The Waterloo Region is also home to some of the best post-secondary institutions in Canada, such as the University of Waterloo, Wilfrid Laurier University, and Conestoga College. Together, these institutions are home to over 95,000 students. This makes Kitchener an excellent location for students, faculty, and staff members alike.

Housing Needs

Kitchener has been experiencing significant growth, which is expected to continue in the coming years. It is estimated that the region will need over 70,800 new homes by the year 2031, but will only be able to deliver an estimated 54,000, leaving a shortage of nearly 17,000 homes. This shortage will inevitably increase demand, putting upwards pressure on real estate values and rent prices.

Development Details

The developer of Evergreen is Reid’s Heritage Homes, a renowned name in the Canadian real estate industry. The address of the development is 1300 Lackner Blvd, Kitchener, and the nearest intersection is Lackner Blvd & Ottawa St. While pricing, occupancy, storeys/suites, suite sizes, and deposit structure are yet to be announced, the development is expected to offer one-bedroom to three-bedroom suites to cater to a variety of buyers.

Suite Finishes

The suite finishes at Evergreen are sure to impress. They include laminate flooring, stone kitchen countertops, stainless steel kitchen appliances, stacked washer & dryer, and more. These features are designed to provide residents with a luxurious and comfortable living experience.

In conclusion, Evergreen at Lackner Ridge is an exciting development that offers numerous benefits to prospective buyers. With its excellent location, top-notch connectivity, and high-quality amenities, it’s an excellent investment opportunity for anyone looking to invest in real estate in Kitchener.