Begin investing in the future with Sage Kingston – a brand new purpose built student condominium development coming to the heart of Kingston. 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 under served market. This project is the perfect opportunity for a completely hands-off investment, with positive cash flow potential with a 2 year lease guarantee. Future residents and tenants will be thrilled with the conveniences of being so close to Queen’s University, Grocery Stores, Restaurants & Shops, Public Parks, Downtown Kingston, and so much more! Pricing Starting From The $400’s.
★ 2 Year Lease Guarantee ★ 2 Years of Free Property Management ★ Fully FurnishedREGISTER TO GET PRICING FOR Sage Kingston
Reasons to Buy
- Location: The development will be located in close proximity (a 6 minute bike ride or 15 minute walk) to Queen’s University (Princess Street & Nelson Street). The site possesses a 81 Walk Score which means that most amenities are walking distance which include grocery stores, restaurants, coffee shops, public parks, Kingston General Hospital, and more.
- Rental Demand: 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.
- 0.4% Vacancy Rate for 1-3 Bedroom Places means Premium Rents for Landlords
- Lease Guarantee: All units will come with a Minimum Lease Guarantee for 2 Years as well as Free Property Management.
- Your Potential Tenant: 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.
- Developer: IN8 Developments is the leader and the most successful developer of student condominiums with over 10 Sage Condo projects in their portfolio to date. From condominium towers to townhomes, IN8 has extensive experience in developing, constructing, and leasing off-campus student accommodations.
- Incentives: As an MIB insider you will receive the best incentives available. You will receive First Access which will get you the lowest pricing along with you being first in line for the unit of choice. We strive ourselves on customer service, expertise and passion, so you will have the entire MIB team working with you throughout every step of the process. Additionally, as a Platinum Purchaser you will receive a Lease Guarantee and Free Property Management. You will also receive capped developmental levies and a complimentary lawyer review of your agreement.
Developer: IN8 Developments
Address: 652 Princess Street, Kingston
Nearest Intersection: Princess St & Bath Rd
Storeys / Suites: 10 Storeys / 325 Suites
Pricing: Starting From The $400’s
Occupancy: September 2021
Suite Types: Two Bedroom Suites
Maintenance Fees: $0.39/sq ft (Excludes Hydro / Includes Water, Gas, Common Area Upkeep, Building Insurance, Reserve Fund, Landscaping and Garbage Removal)
Deposit Structure: $5,000 on Signing // 5% Minus $5,000 in 30 Days // 5% on December 1st, 2020 // 5% on March 1st, 2021 // 5% on August 15th, 2021
Incentives: Platinum VIP Pricing & Floor Plans, First Access to the Best Availability, Capped Development Levies, Assignment, Free Lawyer Review of Your Purchase Agreement, Free Mortgage Arrangements, 2 Year Lease Guarantee, 2 Year Free Property Management, Free Furniture Package to Furnish Entire Suite, Extended Deposit Structure, Waived Assignment Fees
Building Amenities: 8000 sq ft of Retail Space, Rooftop Terrace, Fitness Centre, Study Lounge, Games Room, Atrium with Garden & Glass Ceiling
Developer Approved Platinum VIP Brokers
Absolute First Access to Pricing and Floorplans
The Very Best Incentives & Promotions
Extended Deposit Structure
Capped Development Levies
Right of Assignment
Free Lawyer Review of your Purchase Agreement
Free Mortgage Arrangements