A four storey mid-rise condominium development called The Mod’rn is being planned for a parcel of land on Guelph Line in Burlington, Ont. Fully approved with construction financing already in place, this 60,000-sq.ft. condominium development will house 78 condominium units.
The market in Burlington has been extremely resilient and shows solid growth with strong demand for infill urban projects like the Mod’rn. “Condominium apartments in Burlington reflect the trend towards higher density living, but also the limited land available for building low-density housing,” noted Sarah Fong, CMHC’s senior market analyst for the Hamilton and Brantford CMAs. MoneySense recently rated Burlington as the third most livable city in Canada.
“Condo ownership in Burlington is much more affordable than most major urban centres like Toronto for both end users and investors alike,” said Jawad Rathore, president and CEO of Fortress Real Developments, who are co-developing The Mod’rn with ADI Development Group, a company that has recently completed two projects in the area.
“We are extremely excited to bring this wonderful project to the city of Burlington,” said Tariq Adi, president at ADI. “The building will be located in one of the best neighbourhoods in the city, and our team at ADI has gone to great lengths to design a beautiful building with meticulous attention to detail. It’s a building we are proud of and the future residents will be proud of as well.”