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NOVO Condos

By Prime Sky Inc.

Uptown Waterloo, Waterloo, Ontario
Condo
Occupancy: 2026
1 - 2 Beds
500 - 950 sq ft sqft

Starting from

$429,900

TypeCondo
From$429,900
Storeys8 floors
Units120
Beds1 - 2
Baths1 - 2
Size500 - 950 sq ft sqft
Completion2026

Overview

Project Details

Architect
Grispino Architect
Building type
Condo
Storeys
8 storeys
Total homes
120
Beds
1 - 2
Baths
1 - 2
SqFt
500 - 950 sq ft sqft
Parking cost
$38,000
Storage cost
$5,000
Maint/sqft
$0.52/sqft
Avg price/sqft
$730
Estimated completion
2026
Deposit structure
15% spread through pre-construction milestones
Assignment policy
Assignment Friendly
Appreciation forecast
5%/yr

NOVO Condos is a forthcoming residential development located in the heart of Uptown Waterloo, Ontario, Canada. Developed by Prime Sky Inc., this eight-storey condominium project comprises 120 residential units, catering to a diverse demographic with floor plans ranging from one to two bedrooms. The building design integrates functional communal spaces tailored to modern urban requirements, featuring a concierge desk, a fitness centre, and a rooftop BBQ lounge for resident use. Additional infrastructure includes dedicated private meeting rooms and a comprehensive parcel storage system to streamline daily operations for occupants. The architectural vision emphasizes a balance between comfort and accessibility, positioning the project as a significant addition to the local landscape in Waterloo. Units at NOVO Condos start from $429,900 CAD, with individual residences spanning between 500 and 950 square feet. Purchasers benefit from a structured 15 percent deposit schedule distributed across specific pre-construction milestones, with the project slated for occupancy in 2026. Situated within the established neighbourhood of Uptown Waterloo, the development offers proximity to major transit routes and key municipal amenities, supporting connectivity throughout the region. Waterloo continues to function as a significant hub for technological innovation and academic growth, factors that contribute to the ongoing demand for housing within this municipality. For those seeking long-term real estate stability, this project provides a clear entry point into one of the most dynamic sectors of the Canadian economy. The combination of its central location, predictable construction timeline, and balanced unit distribution makes NOVO Condos a noteworthy consideration within the current regional housing market.

#PreConstruction#NewCondos#WaterlooCondos#WaterlooRealEstate#OntarioRealEstate

Pricing and Fees

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The Junior

1 Bed 1 Bath 500-540 sqft

From

Efficient open-concept layout with floor-to-ceiling windows and a private balcony.

The Scholar

1 Bed 1 Bath 580-620 sqft

From

Spacious one-bedroom unit featuring an oversized kitchen island and dedicated workspace nook.

The Innovation

1 Bed 1 Bath 630-680 sqft

From

Corner unit with extra light and a flex space perfect for a home office.

The Tech-Plus

1 Bed 1 Bath 700-750 sqft

From

Large one-bedroom plus den floor plan offering maximum storage and flexible living areas.

The Duo

2 Bed 2 Bath 780-830 sqft

From

Smartly designed two-bedroom layout with an ensuite primary bath and a split-bedroom configuration for privacy.

The Catalyst

2 Bed 2 Bath 850-900 sqft

From

Premium corner suite featuring dual exposures and a large wrap-around balcony.

The Penthouse Collection

2 Bed 2 Bath 910-950 sqft

From

Top-floor unit with upgraded finishes, high ceilings, and expansive city views.

AI-generated floor plan estimates. Contact us for official floor plans and pricing.

Amenities

Concierge Desk
Fitness Centre
Rooftop BBQ Lounge
Private Meeting Rooms
Parcel Storage System

Neighbourhood

80Walk
64Transit
79Bike

About the Neighbourhood

Close to King Street North, Uptown Waterloo restaurants, tech campuses, and Wilfrid Laurier University.

58 Marshall Street

Contact sales center

Request additional information including price lists and floor plans.

Investment Analysis

Investment Analysis

AI-scored using verified market signals

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82
OUT OF 100
Excellent opportunity

Strong fundamentals across location, rental economics and growth outlook.

Est. monthly rent

$1,900–$2,600

5-yr appreciation

+5%

Starting from

$429,900

Price per sq ft

$730

How this score is calculated
Walkability80/100 Walk Score
Transit access64/100 Transit Score
Cycling79/100 Bike Score
Rental yield potential5.30% gross yield
Appreciation outlook+5%/yr forecast

The AI Investment Score blends the verified signals above — location scores, rental economics and appreciation outlook — with how strongly the project was corroborated across independent sources. It is a research aid, not financial advice.

Rental Yield Calculator

Estimate cash flow & returns for this unit

Purchase & Financing

Purchase Price$429,900
$300,000$3,000,000
Down Payment35%
5%50%
Mortgage Rate4.5%
2.0%10.0%
Amortization30 yrs
10 yrs30 yrs

Rental Income

Monthly Rent$2,400
$1,000$8,000
Vacancy Rate3%
0%15%

Monthly Summary

Monthly Cash Flow

-$224

Negative cash flow / month

Gross Yield

6.50%

Net Yield

3.33%

Monthly Breakdown

Effective Rent+$2,328
Mortgage Payment-$1,416
Condo / Strata Fee-$600
Property Tax-$350
Mgmt Fee-$186
Net Cash Flow-$224

* Estimates only. Consult a financial advisor before investing. Figures exclude insurance, repairs, and capital improvements.

Mortgage Calculator

Estimate your payment

Loan Details

$429,900
20% ($85,980)
5.25%
25 years

Payment Frequency

Monthly Payment

$2,061

Principal & interest

Mortgage Amount

$343,920

Total Cost

$618,280

* Estimates only, for illustration. Excludes taxes, insurance and fees. Confirm rates with your lender.

Closing Cost Estimator

Taxes calculated for Ontario · Waterloo
$429,900
20%
Land Transfer Tax (Ontario)$5,073

Ontario land transfer tax

Legal Fees$1,500
Title Insurance$400
Home Inspection$500
Total Closing Costs$7,473

Investment Return Estimator

$429,900
20%
5%
$1,900
5 yrs
Down Payment$85,980
Property Value in 5 yrs$548,673
Total Rental Income (net)$68,253
Estimated Profit$159,592
ROI on Down Payment186%

Frequently Asked Questions

Units at NOVO Condos are priced starting from $429,900.

Still have a question about NOVO Condos?

Illustrative estimates only — not financial, tax or investment advice. The investment score, rental yield projections, appreciation forecasts, closing-cost and mortgage figures presented in this section are computer-generated estimates produced for demonstration purposes. They do not constitute an appraisal, a formal opinion of value, a mortgage pre-approval, or any form of financial, tax or legal advice, and they must not be relied upon when making a purchase decision. Actual costs, taxes, financing terms and returns will vary with the applicable jurisdiction, lender criteria, market conditions and individual circumstances. CondoGuru.ca and its affiliates make no representation or warranty as to the accuracy or completeness of these figures and expressly disclaim all liability for any loss or damage arising from reliance upon them. Prospective purchasers should independently verify all amounts with the developer's sales team, a licensed mortgage professional, and a qualified legal or tax advisor.

Developer Profile

Developer Profile

Prime Sky Inc.

Toronto, ON, Canada

Prime Sky Inc. is an Ontario residential real estate development and asset management firm delivering modern urban infill projects.

Projects

1

View Full Profile

Other Projects by This Developer

No other projects found.

Last updated: September 28, 2026

Disclaimer: CondoGuru.ca provides information on new construction homes and condos from various sources, including builders, manual research, third-party sources, and public data. While we strive for accuracy, all information is for reference only. We are not responsible for any use or misuse of the content on our site. Prices, sizes, specifications, and promotions are subject to change by the builder without notice. Renderings are artist's concepts. E.&O.E.

From$429,900