Property Address
Description
Condo Project Summary
Downtown Hamilton continues to grow by leaps and bounds with this stunning new condo development in the city’s heart.
84 York Boulevard Condos is a new modern high-rise condominium development by Belmont Equity Partners in Hamilton. These two 31-storey pre-construction towers with a shared podium are located at 84 York Blvd, on the northwest corner of Park St N and York Boulevard.
Located directly along the much-anticipated future Hamilton Light Rail Transit (LRT) line, these condos are ideal for first-time buyers, general real estate investors, and those considering owning student rentals.
Amenities
Specific amenities related to 84 York Boulevard Condos currently remain to be announced and interested investors are advised to register to receive updates as they unfold.
However, we can make some general predictions about what is likely to come. Typically, Downtown Hamilton condos present today’s leading finishings and competitive amenities that impress. Residents and investors can expect the potential for outdoor spaces that make spending time with family and friends easy. Rooftop lounge and dining areas are particularly popular. These spacious outdoor locales often come complete with barbecue stations, large and small group seating areas, and fire pits that bring scintillating light to summer nights. Hosting your group on Friday night under the stars is an immediate possibility.
Pet run areas are also a common plus. These spaces allow dog owners to provide furry friends with exercise at any time of day without leaving home. Children’s play spaces are also often on the list, making leisure time fun and favourable for young families.
Indoor amenities will likely include an ample main lobby with concierge service and a mailroom. A party room or communal room is also a likely addition, as is an extensive fitness centre with aerobic equipment and weight training facilities. Bicycle storage and vehicle parking are also sure to be onsite.
Interest rates have risen in Canada, but by looking at rates over the past thirty years, it’s evident they still remain at all-time lows. Expert economists such as CIBC’s Benjamin Tal predict Canada’s rates will very likely stay in this zone for a long time to come.
Now is the time to invest. Contact our agents with your questions and concerns and learn more about today’s incentives and payment structures that can work in your favour.
Location & Neighbourhood
84 York Boulevard Condos is taking the place of the current Philpott Memorial Church, which is moving to the Lincoln Alexander Centre elsewhere in the city. This move reflects the ongoing exciting transformation happening now in Hamilton.
These condos are also located on the future LRT line, set to transform the city. This light rail transit line will begin construction in 2024 and connect Hamilton’s downtown core across 14 kilometres of dedicated transit lanes. Students at this address can easily reach McMaster University in just minutes by transit. At present, the university is just 20 minutes away by bike, 15 minutes away by car, and about 25 minutes by bus.
A pristine Walk Score of 80/100 indicates this area is a Walker’s Paradise where daily errands can be done on foot. The Art Gallery of Hamilton is minutes away, with 7,000 square metres of art, activities, and engagement and the FirstOntario Concert Hall is also nearby, home to the Hamilton Philharmonic Orchestra as a leading performing arts centre in the area. Residents can also enjoy being minutes away from relaxation in Gore Park, Beasley Skatepark, and transportation across the GTA found at the Hamilton GO Centre.
Condo development in this area is strong, with developers set to transform the Hamilton City Centre shopping district just around the corner. This will bring four new residential towers above a central mixed-use podium, matching the creation of these new condos. In fact, this entire strip is being revitalized with a vision to accommodate the significant population anticipated to be coming to Hamilton along with Canada’s future immigration. Investors should know that Hamilton’s population is expected to grow by 45.3% by 2041, and the average household income in this area has been on the rise, going up 14.3% from 2011 to 2016.
While the mainstream news may deter you from investing in a condo right now, we encourage you to dive deeper. Purchasing a pre-construction condo requires a deposit, and your mortgage begins in a new economic environment years later. Experts are not anticipating interest rates in Canada to rise to the historic levels witnessed in the 1980s, partly due to the protective characteristics of today’s global trade.
Now is the perfect time to benefit from optimal pricing and the incentives many developers offer to attract investors. These often include more flexible deposit structures and lower fees.
Contact our agents by registering today to start a conversation about your investment possibilities and learn how you can gain in today’s market.