金士顿市中心学区房 Crown Condo 无需海外买家税 步行可至湖边 步行到女皇大学 40万起 价格和户型图

Live Life To The Fullest

Crown Condo located at 223 Princess Street, in the heart

of Kingston’s bright and energetic downtown,

with a 95 walk score. Crown Condos promises

to be a rare opportunity for those seeking

to live a vibrant urban lifestyle.



At Crown Condos you will enjoy incredible amenities

because of panoramic views and a thriving downtown

culture at your doorstep.

Live like a king surrounded by shopping,

restaurants and entertainment.

At Crown Condos you will also enjoy conveniently

access to the St.

Lawrence waterfront for culture, events,

scenic walks and cycling.

Limit time Deposit Structure
10% in 2021
5% in 2022
5% in 2023

Site Plan

• Kingston is situated within a 
  3-hour drive of 33% of Canada’s population

• Kingston is the middle between 
  Toronto - Montreal - Ottawa with 
  a combined population of over 10 million people

• Kingston is a popular tourist destination 
  and is located next to the famous Thousand Islands

• Kingston was the original capital 
  of the country and as such has a large 
  foundation of government and institutional jobs 
  which bolster the local economy

• Unemployment rates in Kingston are low, 
  vacancy rates are some of the lowest in the country

• Kingston is protected by heritage designations 
  which makes new condominiums rare, especially downtown

Rental Market in Kingston:

• Kingston has a population of 136,685 (2017)

• Over 40% of the population are Renters

• Only 13% of the residential properties 
  in Kingston are smaller than 2 bedrooms

• Kingston has the tenth lowest vacancy rate in Ontario

• The healthy vacancy rate is considered to be 3%. 
  Kingston has a 2.9% 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 3.2% 2019-20

• The current supply of student rentals are 
  50-100-year-old houses in poor condition, 
  no amenities, and high maintenance costs

• 1 and 2 bedrooms new purpose-built luxury accommodations 
  are scarce and highly sought after

• In addition, wealthy students and a growing number 
  of international students desire luxury private 
  accommodations and they can afford higher prices

Barriers of Entry to Build in Kingston:

• Queen’s University is surrounded by heritage-protected 
  2 storey residential neighbourhoods.

• Princess Street is the closest possible street 
  to develop a condo building.

• Altus Group construction cost guidelines 
  show Kingston 10% more costly than Toronto

• Kingston sits on top limestone bedrock. 
  Making any excavation very expensive for builders

• Heritage protection creates very few lots that 
  can be developed over time. The increased cost 
  of construction will also deter builders 
  from entering Kingston.

• This means each new building constructed will be 
  more valuable over the long term due to continued 
  shortage of supply and minimal competition

• Queen’s University’s enrollments have surged for 2021!

  • https://globalnews.ca/news/7628205/
    queens-university-applications-2021-fall-semester/

• Queen’s University has the largest endowment fund per student in Ontario

• 26,309 total number of students, and 9,571 staff

• 3,877 total number of international students 
  - Queen’s is home to students from more than 100 countries

• 10.6% of the first-year enrolment are international students

• #1 graduation rate with 89% graduating in 2018

• 94.8% retention rate from 1st to 2nd-year students

• Faculty of Law - 605 student enrollment

• School of Medicine - 415 student enrollment

• The highest number of A+ students of any university in Canada

• The average grade of A+ or 89.2% for incoming students

• The 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

• Queen’s University Alumni are recognized 
  industry leaders, including Elon Musk

Queen's Student Housing Situation:

Enrollment Growth

• 2016-17 student enrollment of 27,149 students

• More than 95% of students come from outside Kingston

• Queen's International Students growing 
  faster than any other University

• International students pay five times 
  more tuition than local students. Come from very 
  wealthy families and desire private luxury student housing

• Only 30% of its students received government 
  financial assistance compared to 64% at other universities

• Top choice for Ontario’s elite private school students

On-Campus Housing

• Queen’s on-campus housing only has 4,500 beds for 27,149 students

• Almost entirely for 1st-year students.

• Still, only 90% of 1st-year students live on-campus. 
  Number declining every year due to lack of supply.

• Queen’s has over 6,800 upper-year graduate students 
  who tend to desire more private luxury accommodations

Rendering