We’re proud to announce that our 191-unit purpose-built rental project, Willoughby Walk, has reached the final occupancy stage. Every unit is ready for tenants, and right now they’re being occupied at a rate of a unit per day.
We’re still accepting applications and there are still over a hundred units available for rent. We encourage any interested tenants to apply immediately, as we expect the property to fill up very quickly.
Over the last month, we finished up the flooring, cabinets, doors and windows for every unit. The hallway flooring was the last thing to go in, and that was late last week.
The state-of-the-art gym will be completed by April 1st, and the remainder of the landscaping will be done by the end of April.
With Phase 1, we opened up 72 units, and about 70% of those are rented. The one bedrooms went very quickly, so we started moving people in to Phase 2, which were the remaining 119 units. We think the whole property will be filled up by May.
We designed the property to be a trendsetter in terms of quality of construction and access to amenities for purpose-built rental projects in the Lower Mainland. From the choice of materials, to the plethora of on-site amenities, to the professionalism and attention to detail of the property managers, the project is designed to feel like the best of strata living. You can check out what that looks like in our photo gallery.
The location of Willoughby Walk provides the kind of walkable lifestyle that a lot of families are looking for. There’s easy access to shopping, schools and commercial spaces in the Willoughby neighbourhood. We also worked with the Township to make sure they put a new bus stop right outside the building, so public transit is literally at the doorstep.
The many amenities include storage lockers for each unit, a parking space with an option to secure a second one, a bike storage room, a wifi-equipped common room and tempered, cool air throughout the building. We’re also happy to say we’ll be accepting pets.
We know home prices are through the roof and more and more people are committed to long-term rentals. We’ve introduced a stringent screening process and we think we’ve ensured a community of people who want to put down roots in the property and the Township.
It’s a great sense of accomplishment for all of us involved. It’s been a long process and we’re very proud of what we’ve built. We hope that the property will help to set a standard for purpose-built rentals throughout the region.
