Archive for February, 2012

Jacksway Condos

Tuesday, February 21st, 2012

P1210044Our U.W.O. has over thirty thousand students in attendance and the location of the Jacksway cluster of condos is undoubtably one of the best locations in the city for students opting to live off campus. The bus service to the university from this location is superb and the Masonville Mall next door with all it’s amenities offers everything students will ever need. These low rise buildings offer controlled entries, balconies, wood burning fireplaces in each unit (just small ones) and plenty of parking.
Over 70% of the units are owned by investors who then rent them out. What they are simply doing is managing the task of having their rental income’s pay down their mortgages. With interest rates at such low levels this strategy seems to work well.
Now for some inside news. While the lobbies and hallways of these buildings are kept in pristine conditions some units are now in need of interior upgrading. This is especially true of many of the units used for rentals. Improvements now needed to many of these units include floorings, appliances, sinks, countertops, kitchen cupboards and tub surrounds. We are not trying to be insulting in any way by mentioning all of this but that is what sometimes happens to a unit after it is rented for a long period of time.
If you intend to work with a real estate agent to find a unit make sure that he or she digs up the very best for you. The nicer units do tend to sell more quickly.
It should also be noted that there are differences in the two bedroom unit designs. Some two bedroom floorplans have two full baths while others only have one and a half baths. If you intent to have two unrelated people living together in one of these units this design feature may be of importance. There are fewer two full bath models in existance.
Once again, the Jacksway complexes service very well the housing needs of many of our U.W.O. students. Purchasing just the right unit can often be a little bit tricky of an exercise. Hopefully this information will make you better aware of how and why some of these units offer better value than others. Cheers