KiWi Condos in Hamilton attracting GTA Millennials
October 23, 2019
As downtown Hamilton continues to experience a major urban renewal, Rosehaven Homes’ KiWi Condos is luring GTA-based Millennials seeking affordable homeownership opportunities to the heart of the city’s renaissance corridor.
Millennials represent 28 per cent of Hamilton’s population and they have a significant impact on the city’s diversified economy. In fact, it is not only the most diversified municipality and fastest-growing economy in all of Ontario, but also one of the fastest-growing real estate markets in Canada.
In the newly released Q2-2019 Urbanation report, studies found that sales in Hamilton grew almost 150 per cent, and the 905 just set a new record, making up 58 per cent of GTA condo sales. The two major drivers contributing to this movement are affordability and accessibility. While the average new condo in the GTA currently sells for $1,291 per square foot, condo units in the 905 are significantly more affordable at around $740 per square foot. Condo residences at KiWi are priced starting from the mid-$300s, representing an average of just over $600 per square foot – a real value proposition.
“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.”
KiWi is located just a few blocks south from James St. N., the historic street that birthed the now-famous Art Crawl, which on the second Friday of every month draws artists, musicians, entertainers, buskers and off-the-wall individualists to a veritable feat of art and creativity. Add an eclectic array of galleries, eateries, bakeries, cafes, boutiques and stores, and you have a booming urban scene offering all of the local amenities Millennials crave, just steps from their door.
A magnet for walkers, bikers and commuters, the neighbourhood boasts a 97 Walk Score, 72 Bike Score and 86 Transit Score. The Hamilton Street Railway (HSR) Transit is conveniently located around the corner from the development and the West Harbour GO Station is just up on James St. N. As part of a larger plan to add 84 new weekly train trips across the GTA and Hamilton Area, Metrolinx recently doubled GO service out of West Harbour station, making commuting between the two regions easier than ever. The city is the only in Southern Ontario that offers four modes of transport – air, rail, road and port.
KiWi was envisioned with the Millennial buyer in mind. Designed by Kirkor Architects, the 14-storey building features a multi-storey podium with retail at grade to further animate life at the street level.
Patton Design Studio has appointed the building with contemporary features and finishes combined with a rich mix of amenities such as a rooftop terrace, social room, state-of-the-art fitness centre and yoga studio.
Those interested in ownership opportunities should act quickly. Available suite configurations include one-bedroom, one plus den, two-bedroom and two-plus-den layouts ranging from 540 to 960 sq.ft.
Register your interest at kiwicondos.com or visit the sales centre at 212 King William St., Hamilton.