Waterloo’s educational expansion brings opportunity to the region

by Lynne Moore30 Jan 2018

The Kitchener-Waterloo Region, is known as “Canada’s Education City”, and it’s easy to understand why, with over 10,000 students graduating from Post-Secondary Education Centres in the area each and every year. High profile companies like Spotify are flocking to the area to recruit and retain the best and brightest students. This means that the region is in need not only of prime academic accommodations but also high-quality suites to support these young professionals in their early years of employment.

261 Lester answers this need with a fully-leased mid-rise building offering 19 five-bedroom suites, each with two bathrooms, high-end finishes, and 19 parking spaces with bike storage. Highly appealing to students, the building’s location is a short 5-minute walk to both the University of Waterloo and Wilfrid Laurier University, transit and some of the top technology companies.


EST. 1911

The Numbers: 
Full time enrollment - 15,803
Part time enrollment - 2,793
First Year enrollment – 18,589

Laurier offers a full range of undergraduate and graduate programs in a close-knit supportive campus environment. Laurier is renowned for its music and business education, a strength that has been identified as contributing to Waterloo Region’s reputation as a “powerful education hub” by former University of Waterloo president and former Governor-General of Canada, David Johnson.

Maclean’s cites Laurier’s Business Administration among its “Standout Programs” in 2017. Real world experience is highly valued at Laurier and the university offers co-op work terms, work-study programs, and community service-learning opportunities.

Admission confirmation numbers for Laurier by high school applicants are already among the highest in the province. In fact, Laurier is one of just five Ontario universities to report a growth in confirmations. As well, Laurier had a 16.5% increase in first-choice acceptances.

Recently, the university opened Lazaridis Hall, the new 200,000 sf. home of Lazaridis School of Business and Economics and the Department of Mathematics. In addition, it is visualized that the building will provide an environment for innovation with programs and centres also housed in the building including the Schlegel Centre for Entrepreneurship and Social Innovation among other growth-oriented tech companies.

Wilfrid Laurier University ranked 6th of 15 comprehensive universities in Canada in a 2018 MacLean’s magazine survey. It has been named No.1 for growth in research funding among universities in its category, according to the annual Top 50 Research Universities rankings by Research Infosource, an independent Canadian research, consulting and publishing firm. The ranking comes after Laurier saw a 23 per cent increase in sponsored research funding in 2015/16 over the previous year.

Suites at 261 Lester are offered from the $580’s, and starting from $371 per square foot. Flexible closings are available at 261 Lester from 30-days to March of 2018. Also included is a Rental Guarantee with Free Property Management from KW4Rent, for 2 years from the purchase of the unit.  

This opportunity comes from Prica Group, offering investors over a decade of experience in this fast-growing market, with residential and commercial properties and a leading property management company. Interested investors should visit www.kw2own.com or call 437.928.2588. Showings are available.


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