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Verde Living Condos

By: JD Development Group, Downing Street Group

1 Star2 Stars3 Stars4 Stars5 Stars (8 votes, average: 5.00 out of 5)

15 Palace Street, Kitchener, ON, Canada

Promotional: From $542,900 - $810,900


7 Storeys | 254 Suites

1 - 2 Bedroom(s)

504 - 767 Sq Ft

VIP Launch: 2022

Completion: 2025

Verde Living Condos is a new pre-construction condo development by JD Development Group and Downing Street Group. Coming soon to 15 Palace Street in Kitchener.

JD Development Group and The Downing Street Group announces the acquisition of 2.36 acres of development land. While improved with a residential development of two mid-rise condominium buildings totaling 254 units. These development lands are located in Kitchener, Ontario's Laurentian Commons community.

Highlights at Verde Living Condos

Located in Kitchener, which is known for its Germanic origins, performing arts theatre, and a variety of annual festivals give the small city a huge sense of fun. Located just west of Toronto, while offering the community and excitement of a big city while retaining a charming small-town feel. 83 Elmsdale Drive Condos is a wonderful place for families and nature lovers, with a variety of parks and nature, a great school, a central location, as well as various of free festivals and annual events.

  • 1 minute to Larentian Commons & McLennan Park
  • 2 minutes to Elmsdale Park & Grand River Transit
  • 3 minutes to Laurentian Trail
  • 6 minutes to LRT Stop12 minutes to Kitchener GO Station
  • 17 minutes to Region of Waterloo International Airport
  • Easy access to Highway 7, Highway 8 as well as Highway 85
  • Access to Major Highway 401 along Highway 8
  • Big Box stores such as Walmart, Real Canadian Superstore, Sobeys, Costco, Petsmart, Starbucks, and more
  • Market Square Shopping Centre and Shops at Waterloo Town Square
  • Cornestoga College-Cambridge Campus
  • Many golf clubs such as Cornestoga, Grey Silo, Dundee Country Club and more
  • Huron natural Area
  • Bingemans Amusement Centre
  • The Record newspaper announced in August 2019 that rent prices for one-bedroom apartments in Kitchener had risen by a whopping 15.9 percent year on year since 2018
  • McLennan Park and Elmsdale Park
  • Short walk to the community hub, The Commons

Register Today for VIP Floor Plans and Sales Price

With exclusive VIP access, you will receive first access to floor plan(s), sale price lists, featured incentives, as well as units selection. Register today or speak to one of our platinum brokers for more sales information.

Property Details

  • Developer: JD Development Group, Downing Street Group
  • Building Type: Condominium
  • Ownership: Condominium
  • Building Status: Under Construction
  • Selling Status: Promotional
  • Storeys: 7
  • Suites: 254
  • Suite Type: 1 - 2
  • Suite Size: 504 - 767
  • Launch: 2022

Pricing & Fees

  • Price: $542,900 - $810,900
  • Cost of Parking: $40,000 - $55,000
  • Cost of EV Parking: Upgrade: $5,650
  • Maintenance Fee: $0.60/SF
  • Notes: Electricity and Water separately metered. Gas included in the condo fees.
  • Parking Maintenance: 39.95 - 49.95
  • Lawyer: Brattys LLP, in trust

Deposit Structure

5K on signing
Balance to 5% in 30 days
2.5% at 60 days
2.5% at 120 days
2.5% at 365 days
2.5% at 720 days
5% on Occupancy

Current Incentives



  • 1 FREE Underground Parking
    • (1 Bedroom + Den or Larger)
  • $25,000 Credit on Closing
    • (1 Bedroom Only)
  • Window Coverings
  • $0 Assignment Fee
    • Admin and Legal Fees Apply
  • Capped Development Charges
    • Capped at $5,000
  • Right To Lease During Occupancy
    • Admin and Legal Fees Apply

Building Amenities

  • Concierge
  • Lobby Lounge
  • Mail Room
  • Parcel Room
  • Fitness Studio
  • Yoga Studio
  • Tech Lounge/Co-working Space
  • Pet Spa
  • Event Lounge
  • Patios
  • Lower Terrace
  • Upper Terrace
  • Outdoor Dining
  • Outdoor Lounge Seating
  • Outdoor Fire Tables
  • Grilling Area
  • Private Dining
  • Community Lounge
  • Event Lounge
  • Yoga Lounge


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