Detailed Description for 1989 Condominium

About 1989 Condominium

Discover the epitome of upscale living at 1989 Condominium, a landmark development by Latch Developments in the heart of Burlington. This project is strategically located at the junction of Appleby Line and Upper Middle Road, featuring two architecturally stunning towers that rise 22 and 17 storeys above a vibrant 6-storey podium. With a total of 462 meticulously designed units, ranging from spacious one to three-bedroom layouts, 1989 Condominium offers a modern urban lifestyle complemented by an array of on-site retail amenities. This development is not just a residence; it’s a lifestyle choice that encapsulates convenience, luxury, and a sense of community.

Current Incentives of 1989 Condominium

Investing in 1989 Condominium comes with a range of attractive incentives that make it a compelling choice for potential buyers:

• $0 Assignment Fee (plus admin fee): Enjoy the flexibility of assigning your unit without the added financial burden.
• Right to Lease During Occupancy (plus admin fee): Rent out your unit even before taking possession, maximizing your investment potential.
• Capped Development Charges: A flat fee of $10,000 for all units, ensuring transparency and predictability in your investment costs.
• Free Parking: A significant value add, with parking valued at $30,000, included at no additional cost.
• Extended Deposit Structure: Only 5% deposit required in 2024, making it easier for buyers to secure their unit without a substantial upfront investment.

Highlights of Living at 1989 Condominium

Living at 1989 Condominium means embracing a vibrant lifestyle in a dynamic neighborhood. Here are some of the standout features:

Vibrant Burlington Neighborhood

The condominium is situated in a lively area filled with a mix of shops, gourmet restaurants, educational institutions, and lush parks. Residents can enjoy a variety of leisure activities, with the waterfront district offering picturesque views and recreational opportunities.

Strategic Location

Positioned within Burlington’s Uptown Core, 1989 Condominium boasts an impressive Walk Score of 86/100, indicating exceptional walkability. The development provides direct access to Burlington Transit, facilitating easy commutes to Burlington and Appleby GO Stations, as well as the Lakeshore West line for those who travel to Toronto or beyond.

Investment Potential

The proximity to educational institutions, particularly the Brock University Burlington Campus, makes this an ideal location for investors looking to cater to students. The neighborhood is known for its high rental demand, providing opportunities for steady rental income and capital appreciation.

Proximity to Key Amenities

Residents will appreciate the convenience of nearby grocery stores such as Metro, Nature’s Emporium, and Farm Boy, along with dining hotspots like Applestone Pizzeria and Coffee Culture Café. The area is also a hub for shopping and employment, with the Uptown Centre and Appleby Crossing just a stone’s throw away.

Lifestyle and Recreation

With easy access to Central Park, Bronte Creek Provincial Park, and community facilities like the Tansley Woods Community Centre, residents can enjoy a variety of outdoor activities. Whether it’s hiking, biking, or participating in community events, 1989 Condominium is at the heart of Burlington’s recreational offerings.

Reason to Invest In 1989 Condominium

Investing in 1989 Condominium offers numerous advantages:

• Prime Location and Accessibility: The development is situated in Burlington’s vibrant Uptown Core, known for its high walkability and bike-friendly environment. The proximity to major transit routes ensures seamless connectivity to Burlington and Appleby GO Stations, making it an attractive option for commuters.
• Strong Investment Potential: The location near educational institutions, especially the Brock University Burlington Campus, provides a lucrative rental market. The increasing popularity of the area among post-secondary students ensures a steady demand for rental units, promising consistent rental income and long-term capital appreciation.
• Proximity to Amenities and Lifestyle Benefits: Residents enjoy immediate access to a variety of amenities, including grocery stores, dining options, and retail outlets. The close proximity to major highways like 403 and 407 facilitates easy travel to Hamilton, Mississauga, and Toronto, enhancing the overall appeal of the condos for potential renters and buyers.

Deposit Structure of 1989 Condominium

The deposit structure for 1989 Condominium is designed to be accessible for buyers. The key points are:

• Only 5% Deposit Required in 2024: This extended deposit structure allows buyers to secure their unit with a minimal upfront investment, making it easier to enter the real estate market.

About Developer: Latch Developments

Latch Developments is led by Marc Nufrio, who is dedicated to enhancing urban living through the development of mid-rise communities featuring convenient ground floor retail. His vision is to offer a unique and satisfying urban experience that resonates with modern lifestyles. Marc brings valuable experience from his tenure at the Onni Group, where he contributed to several notable projects, ensuring that Latch Developments is committed to quality and innovation in every project.

1989 Condominium offers upscale living in Burlington with modern amenities, strategic location, and strong investment potential. With attractive incentives like $0 assignment fees and a 5% deposit in 2024, it’s a prime choice for buyers. Developed by Latch Developments, this project promises a vibrant lifestyle in a growing community.