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Description

INTRODUCING SAGE KINGSTON, THE LATEST CONDOMINIUM BY INNOVATOR IN8 DEVELOPMENTS

Sage Kingston will be the first Sage Condo constructed in Kingston and will house 325 suites, comprising of studio, one bedroom, two bedroom and three bedroom suites.

Like other Sage Condo communities, Sage Kingston 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.

Additionally, Sage Kingston will include a retail level, green study atrium and an impressive lobby.


INVESTORS INFORMATION

WHY INVEST IN KINSTON?

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 neighborhoods surrounding the school.

With 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 enrollment is up to approximately 24,649 in 2018

SUPPLY SHORTAGE

Queen’s University is surrounded by heritage protected 2 storey residential neighborhoods 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 continued shortage of supply and minimal competition.


THE INVESTORS’ PACKAGE

Sage Kingston Condominiums makes investing simpler, offering owners a tailored management package.

By choosing our investor package you can ensure your investment is safe and profitable. Our package includes:

2 Year Lease Guarantee

2 Years Free Property Management

  • Renting your suite
  • Signing lease agreements and parental guarantors
  • Collection of post-dated cheques
  • Coordination of tenant move-in
  • Field all tenant phone calls and inquiries
  • Complete maintenance management
  • Bill payments and cheque deposits
  • Provide regular statements

Enhance your suite and make moving in easy with a FREE FURNITURE PACKAGE

Free furniture packages are included in your purchase price and will be a new and attractive feature in Kingston that will allow owners to charge higher rental rates. All furnishings are delivered to the suite with installation provided, enabling residents to simply move right in and enjoy.

  • Double bed with mattress
  • Nightstand, desk and chair
  • Sofa with coffee table, media unit and 50″ flat screen TV
  • Dining table and chairs

Ask us for a complete furniture package chart.


LOCATION

WHERE YOU WANT TO BE

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..

Video

WalkScore

walkscore74 / Very Walkable more details here

Contact info

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1 Review ( 5 out of 5 )

  • Recession Proof Investment

    Queen's University is an elite Canadian University attracting top students and high-quality tenants. Kingston poses many barriers to entry for future construction making Sage Kingston rare and valuable asset. It's a great investment opportunity. Secure your unit today.

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