Sage Kingston

Platinum Incentives

 2 Year Lease Guarantee  • 2 Year Free Property Management by Sage Living

• Free Furniture Package to furnish entire suite

– 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

Rental Market in Kingston

–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

LOCATION: 652 Princess St.

PRICE RANGE: $210,990 – $487,990

UNIT SIZES: 332 sq.ft – 890 sq.ft.

MAINTENANCE FEES: $0.25 psf

PARKING: $25,000

LOCKER: $3,500

OCCUPANCY DATE:  FALL 2020

DEPOSIT $5,000 on Signing/ Balance of 5% in 30 days/ 5% in 180 days/ 5% in October 1,2019/ 5% on February 1,2021 

NO FOREIGN TAX for INTERNATIONAL PURCHASERS