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TEK Tower – An Investors Dream in the Heart of Kitchener’s Downtown Core

March 11, 2022

TEK Tower Kitchener is the newest and tallest cutting-edge condo development coming to Kitchener’s downtown core! This showstopper will be located at 30 Francis Street South in the heart of the Innovation District, where trailblazers and groundbreakers thrive. At 44-storeys tall, TEK Tower will stand out from the rest. Keep reading to find out the many reasons TEK Tower is the ideal place to live.

An Incredible Investment Opportunity

Kitchener’s housing market is booming, making TEK Condos the ideal investment opportunity. This is due to more and more people leaving the GTA to move to communities like Kitchener-Waterloo. In fact, 24,207 people under the age of 40 left the GTA in 2020 due to Toronto’s skyrocketing prices and most having the opportunity to work from home. Moving away from the city has become a popular move, which means the Kitchener will continue to grow!

TEK Tower will be located in Downtown Kitchener, which is the vibrant and bustling part of the city, home to a ton of exciting amenities. Think dining, shopping, and entertainment options that are easily accessible by foot. Plus, young professionals are only steps away from the growing tech district!

Located in Canada’s Innovation District

TEK Tower is amongst Canada’s Innovation District where employment opportunities are abundant. This area of Kitchener has a 51.4% tech job growth, exceeding both Toronto at 36.5% and Vancouver at 47.9%! In a mere 20 years, Kitchener has created over 30,0000 new tech jobs – how incredible!

Also, fun fact: Kitchener is home to Google’s largest office in Canada with 1,000 employees in 2020 and 3,000 by the end of this year! Talk about an abundance of jobs! 

Surrounded by the Most Prestigious Post-Secondary Schools

TEK Condos is perfect for those who are looking to invest in their post-secondary education. TEK Towers is surrounded by many prestigious post-secondary institutions, including the University of Waterloo and Wilfrid Laurier University. There are around 60,000 full and part-time students living in this area, creating a high demand for off-campus living – TEK Towers could offer the perfect place to reside! Plus, with easy access to transit, the commute is a breeze!

Excellent Transit & Airport Investments

TEK Tower is conveniently located right along the region’s ION LRT line, which allows residents to travel and commute seamlessly throughout the city and into Waterloo and Cambridge. Other bus routes are also accessible with the Kitchener GO Station right nearby. Plus, there’s an 18km extension of the ION system coming to Downtown Cambridge, creating a continuous LRT line across the three urban centres in the region. Say goodbye to difficult commutes and hello to easy living!

That’s not even the last of your transit options! Kitchener is getting a new $106-million transit hub located only 4 minutes away from TEK Tower at King and Victoria Street. This new transit hub will connect the ION, GRT, GO, and VIA services.

And for those who drive, Highway 7 is right there, connecting you to Highway 401, which leads to places all over central Ontario. You can get to Toronto in just over an hour!

There are even more developments happening! The Waterloo International Airport has started a $44 million expansion to double the size of the terminal. This project will increase passenger capacity from 70,000 to over a million by 2023. An airport within close proximity is fantastic for visits, vacations, and work travel!

Contact The Condo Brokers

TEK Tower Kitchener has just opened for registration! If you’d like to invest in this innovative new development, Register Here!

The Condo Brokers are here to help you! By registering on our site, you will receive the most up-to-date information and news about new condos in the city of Toronto and the GTA. The Condo Brokers keep you informed and help you make the best decision possible while looking for a condo. Contact us today!