Sage Kingston Condos

Princeton Street

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About

Sage Kingston Condos is a New Condo development by IN8-Developments located at Princess and Bath , Kingston.


TOP 5 REASONS TO BUY AT SAGE KINGSTON CONDOS

1. Location! – Sage Kingston Condos is located within a 15-minute walk to Queen’s University. Also, within walking distance are many restaurants, cafes, parks, and Kingston General Hospital.

2. Rental Demand! – Every fall Queen’s University sees over 30,000 students enrol at the school and with approximately 95% of them coming from outside the city, the school does not have the ability to house all of them, therefore creating a huge demand for off-campus housing. Sage Kingston Condos is the perfect place for students to live during the school year. 

3. Rent Guarantee! – Sage Kingston Condos offers a minimum rent guarantee for two years and free property management. Every suite at Sage Kingston Condos also comes fully furnished. These features are sure to make Sage Kingston Condos a high in demand condo for students and making it a great turn key investment for investors. 

4. Experienced Developer! – IN8 Developments is the leader in student-based condo developments. As an investor you can be confident with their experience in constructing and renting out off-campus accommodations to students.

5. Hotel-Like Amenities! – Sage Kingston Condos is designed to encourage students to stay healthy and active. Sage Kingston Condos will offer residents amenities such as a fitness studio, a study room, and a retail level. 


WHY BUY SAGEKINGSTON?

- Two Year Rental Guarantee 
- Two Years of Free Property Management 
- Fully Furnished including all Furniture & Appliances
- Walk To Queen's University
- Beautiful water views of Lake Ontario
- Developer with a proven track record in the student housing market
- 53% increase in student enrollment 2000-2016 to 27,149 students
- Queen’s on-campus housing only has 4,500 beds for 27,149 students
- Kingston has the 3rd highest rental rates in Ontario only behind Toronto and Ottawa
- Students at Queen’s pay $750-800/month for a bedroom in a 5-7 bedroom house. More than 40% more than the same type of accommodation in Waterloo or Hamilton
Low supply has led to record low vacancy rates and very high rental rates

SageKingston Condos, a purpose built off-campus student residence which is literally walking distance to Queen’s University. Queen’s on-campus housing only has 4,500 beds for 27,149 students which leaves an enormous lack of on-campus student residences which brings us to this no risk and guaranteed returns based opportunity. Kingston has the lowest vacancy rate in Ontario that decreased to 0.4%* in 2018 for 1 to 3 bedroom units.
Kingston has the lowest vacancy rate in Ontario and the problem is even worse for students. Queen's student body has grown by 56% in the last 10 years and the housing available is old, poorly maintained, and more expensive then any other university town in Ontario. Queen's has a large proportion of mature graduate students, international students, and students from wealthy families. They desire brand-new, private, luxury accommodations and Sage Kingston will deliver just that.   

Queen’s University has the largest endowment fund per student in Ontario
•    #1 graduation rate with 87% graduating in 2016
•    94.8% retention rate from 1st to 2nd year students
•    Highest number of A+ students of any university in Canada
•    Average grade of A+ or 89.2% for incoming students
•    Highest number of award-winning faculty
•    Bloomberg Businessweek ranks Queen’s MBA #1 in the world for teamwork
•    Maclean’s 2016 Rankings report ranked Queen’s #1 in student satisfaction


•    Kingston has the lowest vacancy rate in Ontario
•    Healthy vacancy rate is considered to be 3%. Kingston has a 0.7% vacancy rate
•    Among new building (built after 2005) vacancy rate is only 0.3%
•    Kingston has the 3rd highest rental rates in Ontario only behind Toronto and Ottawa
•    Rental rates increased 3.6% 2016-17
•    Current supply of student rentals are 50-100 year old houses in poor condition, no amenities, and high maintenance costs
•    1- and 2-bedroom new purpose-built luxury accommodations are scarce and highly sought after
•    Students at Queen’s pay $750-800/month for a bedroom in a 5-7 bedroom house. More than 40% more than the same type of accommodation in Waterloo or Hamilton
•    Low supply has led to record low vacancy rates and very high rental rates
•    In addition, wealthy students and a growing number of international students desire luxury private accommodations and they can afford higher prices

General Information

Name Sage Kingston Condos
Developer
Architects
Status
Expected Completion September 2021

Details

Building Height 10 Storeys
Number Of Units 325
Unit Size From 259 sq. ft. To 755 sq. ft.
Unit Price From $234,990 To $469,990
Exterior
Amenities Atrium with Garden and Glass Ceiling, Study Rooms, Fitness Center, Games Room, Lounge, Underground Parking, Resident Rooftop Terrace

Financials

Deposit Structure
Parking Cost $0
Locker Cost $0
Bicycle Storage Cost $0
Fees Per Square Foot $0

Location

Address Princeton Street
City Kingston
Community
Major Intersection
Postal Code

Walk Score

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