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193 Water Street South

by LJM Developments

Overview

Discover the exceptional 193 Water Street South real estate development project, offering 991 modern residential units ranging from one to three bedrooms with an average gross size of 70 sqm. Nestled within a vibrant neighbourhood, this development features a unique blend of indoor and outdoor amenities, such as landscaped decks, parkettes, and pedestrian connections. Contributing to affordable housing with a $2.5M donation, this development is strategically located to support local businesses and foster sustainable living. Experience the perfect balance of urban living and scenic views at 193 Water Street South.

Strategic Location and Accessibility

The proposed development is in a strategic location within the Built-up Area, close to Downtown Galt and the Urban Growth Centre. This ensures efficient utilization of vacant land and promotes residential intensification. In addition, residents can enjoy increased connectivity and convenience with easy access to various amenities, such as Ainslie Street Terminal, public schools, recreational facilities, and the Cambridge-Paris Trail Corridor.

Diverse and Affordable Housing Options

The development will offer 991 residential units with various unit sizes and bedroom options, catering to a diverse population. In addition to the diverse unit typologies, the project will contribute five units at an average price of $500,000 for affordable housing purposes, totalling a $2.5 million donation. This will help accommodate various household sizes, incomes, and an aging population.

High-Quality Architectural Design and Compatibility

The high-quality architectural design of the proposed buildings incorporates modern character with geometric patterns, clean lines, and large windows. The design considers the scale, physical character, and context of the surrounding low-density residential neighbourhood while ensuring compatibility. In addition, the buildings will frame the streetscape, provide views toward the Grand River, and utilize the site topography strategically to mitigate noise, block wind, and minimize privacy concerns.

Promotion of Active Transportation and Complete Communities

The development will provide 693 bicycle parking stalls and integrate a public pedestrian walkway/staircase and parkette, encouraging active transportation and fostering connectivity between the development and the surrounding neighbourhood. Promoting a high-density development that supports active transportation and transit viability will contribute to creating complete communities and help local commercial businesses by increasing clientele.

More Amenities

Landscaped Rooftop Deck

A landscaped rooftop deck on top of the seventh storey is proposed to add visual interest to the façade while offering ample space and separation between the buildings. The rooftop deck will serve as an outdoor amenity space for residents, providing a place to relax, socialize, and enjoy beautiful views. The strategic placement of the deck maximizes the use of available space and enhances the overall living experience for future residents.

Indoor Amenity Spaces and Public Parkette

The development will feature indoor amenity spaces on Floors 2 and 3, offering residents a comfortable and convenient area for leisure and recreation. A public parkette is also proposed at 62 Highman Avenue, providing outdoor amenity areas for residents and the surrounding community. The parkette will feature connections to a pedestrian stairscape, with viewing platforms and a rail for pushing bikes. This addition will improve walkability and accessibility to nearby facilities, fostering a sense of community and encouraging a healthy lifestyle.

Proximity to Transit and Bicycle Parking

The development is situated near Ainslie Street Terminal, public schools, and recreational facilities, making it an optimal location for higher residential density. In addition, the development will support existing transit options by providing an abundance of bicycle parking stalls, totalling 693 spaces. This emphasis on active transportation options will minimize negative impacts on air quality and climate change while promoting a healthier and more sustainable lifestyle for residents. Furthermore, the public pedestrian pathway will increase accessibility to the nearby facilities, fostering a connected and vibrant neighbourhood.

Developer's Track Record At a Glance

The information provided here is for educational purposes only. For the most recent information, visit the Home Construction Regulatory Authority website about this developer at

Total Possessions icon

0 Total Freehold Properties

in the last 10 years, updated as of Feb 27, 2023

Chargeable Conciliations icon

7 Chargeable Conciliations

Occurs when Tarion determines that one or more items reported by the homeowner is warranted under the Ontario New Home Warranties Plan Act and the vendor/builder failed to repair or resolve the item(s) during the applicable repair report and no exception to chargeability applies.

Condominium Units icon

268 Condominium Units

in the last 10 years, updated as of Feb 27, 2023

TAB of Vendor icon

$0.00 Tarion Action on Behalf (TAB) of Vendor/Builder

Outstanding amount owing for claim case(s) where Tarion is fulfilling the warranty obligation on behalf of the builder or vendor. This may also include amounts owing as a result of chargeable conciliation fees charged to the builder or vendor.

Total Freehold properties icon

268 Total Possessions

in the last 10 years, updated as of Feb 27, 2023

LJM Developments

Discover LJM Developments, a leading Canadian real estate development company specializing in luxurious, eco-friendly residential and commercial properties. Experience innovation, quality, and community with our unique investment opportunities and expert management services. Join us as we expand in Ontario and beyond.

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Neighbourhood & Nearby Amenities

Latinoamerica Unida, Siebra, Barnacle Bill's, EVO Kitchen & Bar, Foundry Tavern

Churchill Park, Waterworks Park, Lincoln Park Splash Pad, Soper Park, Mill Race Park

Musagetes Architecture Library, Galt Carnegie Library Building, Doon Library, Glen Morris Branch--County of Brant Public Library, Pioneer Park Library

Kinbridge Community Association, Alison Neighbourhood Community Centre, Christopher Champlain Community Centre, Kinbridge Community Association, John Dolson Centre

Casey's Pharmacy, Pharmacy On Main, The Prescription Shoppe, St. Andrews Pharmasave & Compounding center, Grand Pharmacy

RBC Royal Bank ATM at 140 St Andrews St, Cambridge, ON N1S 1V7 | BMO Bank of Montreal ATM at 190 St Andrews St, Cambridge, ON N1S 1N5 | TD Canada Trust ATM at 130 Cedar St #1, Cambridge, ON N1S 1W4 | President's Choice Financial ATM at 115 Dundas St N Unit #1, Cambridge, ON N1R 5T8 | TD Canada Trust ATM at 130 Cedar St #1, Cambridge, ON N1S 1W4

Cambridge

Cambridge, Ontario

Buying a Pre-construction Property

How It Works

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Step 1: Research and Select a Project

Before diving into pre-construction properties, conducting thorough research on various projects and neighbourhoods is crucial to find the one that aligns with your needs and preferences. Assess factors such as location, amenities, and future developments in the area. You can consult with a knowledgeable real estate agent, browse online listings, or attend developer presentations to gather essential information about prospective properties..

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Step 2: Secure Financing and Pre-Approval

Once you've identified the perfect pre-construction project, it's time to arrange your finances. First, consult with a mortgage broker or financial institution to obtain pre-approval for a mortgage, which provides a clear understanding of your budget and the amount you can afford. This step is crucial as it ensures a smoother purchasing process and confirms your eligibility for financing when the time comes to close the deal.

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Step 3: Reserve Your Unit and Sign the Agreement

After finalizing your preferred project and securing financial pre-approval, it's time to reserve your desired unit. You'll be required to sign an Agreement of Purchase and Sale (APS) with the developer, which includes crucial information about the property, such as the purchase price, deposit structure, and closing date. It's essential to have a real estate lawyer review the APS to ensure your interests are protected and to understand any additional terms and conditions.

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Step 4: Monitor Construction Progress and Prepare for Closing

As your pre-construction property takes shape, staying informed about the construction progress and any potential changes to the closing date is vital. Regular communication with the developer or real estate agent can keep you updated on the project's status. Then, as the closing date approaches, finalize your mortgage, conduct a pre-delivery inspection, and prepare for the closing costs and adjustments. Once everything is in order, you'll be ready to take possession of your brand-new property in Ontario!

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Special Financing

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