The Barrel Yards | 25 fl | U/C

[strickliability]

Given that their original plan for the first four towers was two condos + two rentals, and now they are going to start on a fifth rental, I am somewhat surprised by the demand for premium-quality rentals in uptown Waterloo (Princess is also upmarket rentals).  I don't think the student demand explains all of that, either.

In downtown Kitchener, though, so far the upmarket rental unit demand is being met only by rented-out condo units.  We'll need to wait for a while longer before we have some new rental stock here.

Rumour around the building is onyx 1 + 2 are to be converted to condominiums at some point. If they decide to go ahead, I believe they need to give the option to current occupants and for those that don't want the option, they would receive three months rent. 

I can tell you there are students, but very few would be undergraduate. The empty nesters represent the majority (at least in cooperage). The rent is more expensive than I would like but when I relocated to Waterloo from another centre, the vacancy rate for 1+den rentals in uptown is almost nil, outside of the barrel yards, or student area housing, there are few if any options.