COMING SOON TO KINGSTON
Begin investing in the future.Kingston has the lowest vacancy rates in Ontario as the growth of student housing has not kept pace with the growth of Queen’s University. Sage Kingston will house 325 suites, providing a premium product to an in-demand underserved market.
Suites starting from the Mid $200’s.
REASONS TO BUY
- 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
Queens University has a total student & faculty population of 32,657 people (2015*) However, are only able to house 4,500 people. This creates a huge demand for over 28,000 people who are in need of off-campus housing. Also, it is important to note that 95% of all incoming students arrive from outside of Kingston, which only adds to the already high rental demand.
WHY INVEST IN KINGSTON?
The growth of student housing has not kept pace with school growth. Kingston has the lowest vacancy rate in Ontario.
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 decondes, 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 rates in Ontario coming in behind only Toronto and Ottawa.
All units will come with a 2 Year Lease Guarantee as well as Free Property Management.
YOUR POTENTIAL TENANTS
The average entering grade of an incoming undergraduate student is 88.4% in 2014. The University possesses a world-class Medical School, Law School and Business School featuring both MBA and EMBA programs.