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

Extended Deposit Structure 10% in 2021 5% in 2022 5% in 2023

Crown Condominium
(Princess St & Queen St, Downtown Kingston)

Live Life To The Fullest

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