SAGE X CONDOS

ABOUT SAGE X CONDOS
Steps from University of Waterloo, Wilfrid Laurier University, Waterloo Park, Conestoga
Mall.
Sage X Condos is a new preconstruction condo development by IN8 Developments
located in the centre of both the University of Waterloo and Wilfrid Laurier University lies
the pinnacle of student living, Sage X. Here, most of life errands can be accomplished
on foot without the need to travel far distances; financial institutions, grocery shopping,
and a quick bite to eat are all within walking distance! Furthermore, Sage X will be
located along the future LRT line that connects to downtown Kitchener, a leader in
technology and business. The location will be ideal for students as everything can be
accomplished on foot or a short transit ride, from dining and shopping to education and
entertainment; it will truly be a time-saver to live at Sage X. 
The demand for 1 bedroom units are also on the rise as ambitious students are willing
to pay a premium to focus more on their studies and less on roommates. These tenants
are most sought after for landlords for their goal-oriented mindset, which will in turn
result in less wear and tear on the property. To solve the lack in supply for 1 bedroom
units, Sage X will almost exclusively feature 1 bedrooms to target the aforementioned
demographic.

Starting at 299,900  

✅Up to 2 YEAR LEASE GUARANTEE  
✅Up to 2 Year FREE Property Manage

✅FREE furniture FULLY Furnished

✅Unique Hands Free Investment

VIP INCENTIVES

★Free Property Management
• Renting your suite
• Signing lease agreements and parental guarantors
• Collection of post-dated cheques
• Coordination of tenant move-in
• Field all tenant phone calls and inquiries
• Complete maintenance management
• Bill payments and cheque deposits

• Provide regular statements
 
★FREE FURNITURE PACKAGE
• Double bed with mattress
• Nightstand, desk and chair
• Sofa with coffee table, media unit,
• Dining table and chairs
​
★ 2 Years Rental Guarantee
★ 2 years Free Property Management
★ Free Furniture Package including 50' TV
★ Extended deposit Structure
★ Capped Development Charge
★ Right to Assign before Closing
★ Allowing Lease during Occupancy
★Minimum Monthly Rental Income Guaranteed★
• 1Bed: $1,400 Minimum Monthly
• 2Bed: $1,700 Minimum Monthly
• Occupancy 2019

Furniture Package:

Double bed with mattress
Nightstand, desk and chair

Sofa with coffee table, media unit,
50” flat-screen TV
Dining table and chairs
​Blinds​

FEATURES
Property Management Services by Sage Living:
One Bedroom Stats:
(Sage X suite mix will be predominantly one bed)
Rental rates among 1 beds have gone up 10% year from 2015 to 2017
They are currently renting for $1250-$1300 for the 2018 school year
Retention ratio among 1 Beds are 49.57%
Average retention ratio on all other inventory is 30.63%
It took 31 days to lease all our 1 bed inventory in Waterloo last year (The remaining
inventory took 128 days)
One bedroom units are in very low supply in the Waterloo University district
IN8 is the only developer building true one bedroom units. Other developers use one
plus den, two bed, three bed, or five bedroom
IN8 currently has only 58 one bedroom units in Waterloo
This is in a market with over 50,000 students. 98% of which need off campus housing
starting in 2nd year
This leads us to believe this leads students looking for a private luxury accommodation
vastly under supplied and willing to pay premium rates to live alone in a brand new
condo
​Approximately 70,000 full-time students​
More than 30% of first-year students have an entrance average above 90%
​More than ​45,000 Students require off-campus housing
Approximately 1.5% Vacancy Rate

Rising number of Tech start-ups and Large Tech companies such as Google opening
their Canadian Headquarters in Waterloo. This is increasing condo investments, pricing,
and populations