Why Invest In Kinston?
Realize the benefits of investing and watch your capital grow. Be among the first to purchase a sage condominium in Kingston.
When we look for opportunities for Sage Condominium projects, we look at the local market. The overall vacancy rate for 1 to 3 bedroom places in Kingston decreased in 2018 to 0.4%. This is the lowest the vacancy rate has been in decades, likely due to factors such as the number of students that move to Kingston to attend Queen’s University where there are only approximately 4,500 beds on campus and the heritage protected neighbourhoods surrounding the school.
With limited supply of accommodations, rental rates in Kingston have moved up. Currently Kingston has the 3rd highest rental rates in Ontario, coming in behind only Toronto and Ottawa.
Growth of student housing has not kept pace with school growth. Kingston has the lowest vacancy rate in Ontario.
Queen’s University student enrolment is up to approximately 24,649 in 2018
Queen’s University is surrounded by heritage protected 2 storey residential neighbourhoods and Lake Ontario, which serves as a natural boundary that reduces the land availability. Princess Street is the closest possible street to develop a condo building.
Altus Group construction cost guidelines show Kingston to be 10% more costly than Toronto in part caused by excavation costs of the limestone bedrock Kingston sits upon.
Heritage protection creates very few lots that can be developed. The higher construction costs will also deter builders from entering Kingston.
New buildings hold more value over time due to continued shortage of supply and minimal competition.
A Growing Investment
Queen’s University Has a Top Reputation and High Quality Students
- Queen’s is the top choice for Ontario’s elite private school students
- Home to students from more than 123 countries with the fastest growing rate for International students
- Queen’s has a 94.7% retention rate
- #1 graduation rate in Canada with 89.5% graduating within 7 years
- 89.1% average grade of incoming students in 2017
- Ranked 5th in the Medical Doctoral category for overall academic excellence
- Queen’s continues to excel in overall student satisfaction for doctoral schools placing 2nd Canada wide as published in the Macleans 2019 Rankings report
Sage Kingston will provide a premium product to an in-demand, under served market.
Wealthy & Mature Students
5,000 upper year graduate students
187% growth in temporary resident student visas from 2015-2017
Only 30% of students receive Government financial assistance compared to 64% at other universities
Highest endowment fund per full-time student in Ontario
Sage Living is the property management division for all Sage Projects. Sage Living are experienced and proven operators of University investment condos. Over the last 5 years we have leased over 2,000 beds on behalf of condo owners.
Lease Guarantee: Sage Living will offer a minimum guaranteed lease rate on all leases for the first two years. Any lease rate growth above the guaranteed rate is to the sole benefit of investors.
The Investors’ Package
Sage Kingston Condominiums makes investing simpler, offering owners a tailored management package.
By choosing our investor package you can ensure your investment is safe and profitable. Our package includes:
2 Year Lease Guarantee
2 Years Free Property Management
- Renting your suite
- Signing lease agreements and parental guarantors
- Collection of post-dated cheques
- Coordination of tenant move-in
- Field all tenant phone calls and inquiries
- Complete maintenance management
- Bill payments and cheque deposits
- Provide regular statements
Making it Greater
Enhance your suite and make moving in easy with a FREE FURNITURE PACKAGE
Free furniture packages are included in your purchase price and will be a new and attractive feature in Kingston that will allow owners to charge higher rental rates. All furnishings are delivered to the suite with installation provided, enabling residents to simply move right in and enjoy.
- Double bed with mattress
- Nightstand, desk and chair
- Sofa with coffee table, media unit and 50″ flatscreen TV
- Dining table and chairs
Ask a Sales Representative for a complete furniture package chart.
Clearly low supply has led to record low vacancy rates.
Wealthy students and a growing number of international students desire luxury private accommodations, and they can afford higher prices. This creates the perfect environment for very high & sustainable rental rate growth.