Crown Condos is located at 223 Princess St in Kingston.
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1) Pricing2)户型图The major intersection is Princess St. & Montreal St.
Near Perfect Walk Score of 95 out of 100Lowest Vacancy Rate in OntarioSurrounded by Hundreds of Shops & Cafés9-minute walk to Queen’s University5-minute walk to over 200 businesses
and all essential amenitiesBeautiful water views of Lake Ontario
金士顿市中心学区房【Crown Condos】无需海外买家税位于Princess St & Montreal St,5分钟到Queen University和200多所企业和基本生活设施!步行可至湖边!学习工作生活都在身边这个项目 位于 Kingston 市中心,步行到女皇大学只要10分钟, 并且路上的房子全是民国时期的保护房产不可以拆 不可翻建! 没有比这个项目位置更好。女皇大学是加拿大学生平均分最高的大学代表着本国最高智商一楼的学生。杠杠的出租现金流!
Extended Deposit Structure*$5,000 upon Signing5% in 30 days5% on October 1st ,20212.5% on July 1st, 20222.5% on October 1st, 20222.5% on February 1st, 20232.5% on May 1st ,2023$5,000 in Upgrade Credits*
(or 1 Year Leasing Services + Property Management )Smart Home Technology Package*
(Smart Door, Smart Lights, Smart Thermostat)
$0 Assignment*
(+ $1,500 Legal and Administrative Fee)
Free Vertical Bicycle Storage*
Crown Condominium(Princess St & Queen St, Downtown Kingston)
PRICE FROM THE $300sOccupancy: Early 20249 Storeys / 180-185 SuitesStudio- One Bedroom- One Bed+Den- Two Bedroom SSuite Sizes: 350-1200 sqftINCENTIVESFree Smart Home Tech Package(Smart Lighting, Smart Door, Smart Thermostat)Free Bike Storage Unit$5,000 Credit toward Finishing Upgradesor1 Year Free Property Management$0 Assignment FeePRICE RANGESStudios - Mid $300s1 beds - Low $400s1 bed + dens - High $400s2 bed - High $500s3 bed - High $600sAmenities: Rooftop terrace with BBQ stations,
cabana seating areas,
Large exercise room, yoga studio,
Multi-purpose party room/games room, Concierge service.DEPOSIT STRUCTURE$5000 Upon Signing5% in 30 days5% on Oct 20212.5% on July 20222.5% on Oct 20222.5% on Feb 20232.5% on May 2023
Live Life To The FullestCrown Condo located at 223 Princess Street, in the heartof Kingston’s bright and energetic downtown,with a 95 walk score. Crown Condos promisesto be a rare opportunity for those seekingto live a vibrant urban lifestyle.At Crown Condos you will enjoy incredible amenitiesbecause of panoramic views and a thriving downtownculture at your doorstep.Live like a king surrounded by shopping,restaurants and entertainment.At Crown Condos you will also enjoy convenientlyaccess to the St.Lawrence waterfront for culture, events,scenic walks and cycling.
LIMITED TIME OFFER INCENTIVES
$5,000 in Upgrade Credits
(or 1 Year Leasing Services + Property Management)
Smart Home Technology Package
(Smart Door, Smart Lights, Smart Thermostat)
$0 Assignment* Free Vertical Bicycle Storage
Deposit Structure
$5,000 upon Signing
5% in 30 Days
5% on October 1st, 2021
2.5% on July 1st, 2022
2.5% on October 1st, 2022
2.5% on February 1st, 2023
2.5% on May 1st, 2023
Limit time Deposit Structure10% in 20215% in 20225% 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 in Kingston
Queen’s University’s enrollments have surged for 2021!