Description
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
