Crown Condos in Kingston

Featured
Starting from$300000

Overview

Introducing Crown Condos by IN8 Developments located in prime downtown Kingston, Located at Princess St. & Montreal St., residents at the Crown Condos will be surrounded by highly desirable amenities such as Queen’s University, Kingston Train Station, Kingston Centre, and much more!
This new community is a 10-minute walk from the lake, a 10-minute walk from Queens University and surrounded by top retail and restaurants! This is a rare new condo launch for the beautiful and historic Kingston.
Project Details
  • Number of Storeys: 9 Storeys
  • Number of Suites: 185 Suites
  • Suite Types: One Bedroom – Three Bedroom Suites
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
Address: 223 Princess Street
  • 95 walk score – Very walkable
  • 78 Bicycle score
  • Unique pedestrian lane connecting Queen Street to Princess Street
  • 9 minute walking distance to Queen’s University
  • 5 minute walk to over 200 businesses and all essential amenities
  • Princess Street is the closest non-residential street to campus
  • Beautiful water views of Lake Ontario
Why Invest in Kingston today:
  • 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.
Rental Market Stats 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
  • 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
  • Current supply of student rentals are 50-100 year old houses in poor condition, no amenities, and high maintenance costs
  • 1 and 2 bedroom 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.

Details

  • Price:
    Starting from$300000
  • Property Status:

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