Crown Condo 金士顿市中心学区房 无需海外买家税 步行可至湖边 步行到女皇大学

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 convenient

access to the St.

Lawrence waterfront for culture, events,

scenic walks and cycling.

• Project Name: Crown Condos
• Intersection: Princess St & Queen St
• Project Type: Condominium
• Number of Storeys:
• Number of Units: 180-185 Units
• Occupancy: Early 2024
• Anticipated Amenities: 
  • Rooftop terrace with BBQ stations
  • and cabana seating areas
  • Large exercise room with yoga studio
  • Multi-purpose party room/games room
  • Concierge service with parcel room

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