LOW INVESTMENT and HIGH ROI
Welcome to Sage Prestige Kingston Condos – A luxurious mid-rise condominium building in the heart of the city. Sage Prestige Kingston Condos will be the first Sage Condo constructed in Kingston and will house 360 suites with the majority being one bedroom. Studio, two and three bedroom suites are also available.
Additionally, Sage Prestige Kingston Condos will include a retail level, green study atrium and an impressive lobby. Like the other Sage Condo communities, Sage Prestige Kingston Condos comes complete with hotel-style amenities, and is designed to encourage students to stay active and healthy while providing an atmosphere where they can thrive.
This is a LOW INVESTMENT real estate with HIGH RETURNS MARKET REPORT for the high growth of rents is also included in Package
2 Year Lease Guarantee
• 2 Year Free Property Management by Sage Living
• Free Furniture Package to furnish entire suite
• $5,000 upon Signing
• Balance to 5% in 30 days
• 5% September 1st, 2020
• 5% March 1st, 2021
• 5% August 15th, 2021
• 82 walk score – Very walkable
• 15-minute walking distance to Queen’s University
• 15-minute walk to over 200 businesses and all essential amenities
• Princess Street is the closest non-residential street to campus
• Beautiful water views of Lake Ontario
• Kingston is situated within 3-hour drive of 33% of Canada’s population
• Directly in the middle between Toronto – Montreal – Ottawa over 10 million people
Over 200 business’ reside in Kingston’s Downtown Core, minutes from Sage Kingston.
Located at 652 Princess Street, Sage Kingston is situated along the main vein heading to the Downtown area. Queen’s University is a 15 minute walk or short bike ride south of Sage Kingston. Daily conveniences are in close proximity, but residents will also benefit from the retail level of Sage Kingston located on the Princess Street side at ground level, perfect for early mornings, quick fixes and late nights.
Public transit runs on Princess Street regularly en route to a variety of grocery stores, retail shops, restaurants, pubs and outdoor areas.
Kingston’s Downtown Core is home to all the conveniences a student wants and needs.
EVERYTHING WITHIN WALKING DISTANCE.
Situated along Princess Street – the closest non-residential street to campus, Sage Kingston is a short walk from over 200 businesses in Kingston’s downtown core and from Queen’s University.
IN8 Developments is excited to bring the Sage Condominium concept to Kingston. Living at Sage Kingston is a golden opportunity for both investor and student alike. Sage Kingston offers a higher degree of living in a great location unmatched by most student housing accommodations.
Why Invest in Kingston?
Realize the benefits of investing and watch your capital grow. Be among the first to purchase a sage condominium in Kingston.
When we look for opportunities for Sage Condominium projects, we look at the local market. The overall vacancy rate for 1 to 3 bedroom places in Kingston decreased in 2018 to 0.4%. This is the lowest the vacancy rate has been in decades, likely due to factors such as the number of students that move to Kingston to attend Queen’s University where there are only approximately 4,500 beds on campus and the heritage-protected neighbourhoods surrounding the school.
With a limited supply of accommodations, rental rates in Kingston have moved up. Currently, Kingston has the 3rd highest rental rates in Ontario, coming in behind only Toronto and Ottawa.
Growth of student housing has not kept pace with school growth. Kingston has the lowest vacancy rate in Ontario.
Queen’s University student enrolment is up to approximately 24,649 in 2018
Queen’s University is surrounded by heritage protected 2 storey residential neighbourhoods and Lake Ontario, which serves as a natural boundary that reduces the land availability. Princess Street is the closest possible street to develop a condo building.
Altus Group construction cost guidelines show Kingston to be 10% more costly than Toronto in part caused by excavation costs of the limestone bedrock Kingston sits upon.
Heritage protection creates very few lots that can be developed. The higher construction costs will also deter builders from entering Kingston.
New buildings hold more value over time due to the continued shortage of supply and minimal competition.