Sage Prestige

652 Princess St, Kingston, ON

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About

Sage Prestige
Condos in Kinston
(Close to Queen's University)
OWN FROM $1000 Per Month
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Sage Prestige Kingston is a new condo project by IN8 Developments. This development will be located at 652 Princess Street, Kingston. Sage Prestige Condos is a 12 storey building with 360 units. A new innovation from the most accomplished builder of University Condos in Canada. Studios, 1, 2 & 3 Bedroom modern condo suits. Steps to local retail amenities, Queens University and Lake Ontario. It is walking distance including grocery stores, restaurants, coffee shops, public parks and more. This is a perfect and convenient location for students and graduates as they would be able to walk to the university.
 
*** VIP INVESTOR OFFER *** 
 
MONTHLY DEPOSIT STRUCTURE AVAILABLE. 
Own for as low as $1000/Month
&
TWO YEAR MINIMUM LEASE GUARANTEE. 
Lease rate on all leases provides a minimum amount investors receive for the first two years. Any lease rate growth above the guaranteed rate is to the sole benefit of investors
&
TWO YEAR FREE PROPERTY MANAGEMENT services with Sage Living
&
CAPPED DEVELOPMENT CHARGES at $4,900 and $5,900
&
FULLY-FURNISHED RESIDENTIAL UNITS
&
PARKING AVAILABLE at $25,000.
Minimum lease guarantee will increase at least $80/Month with purchase
&
Lockers Available at $3,500
&
HST & SIX APPLIANCES Included in base purchase price
&
CASH FLOW POSITIVE INVESTMENTS
&
MORE THAN 10% EXPECTED ANNUAL RETURN on deposit
&
CAP RATES AS HIGH AS 5%
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** Deposit Structure **
$5,000 upon signing;
Balance to 5% in 30 days;
2.5% May 1st, 2017
2.5% November 1st, 2017
2.5% on May 1st, 2018
2.5% on October 1st, 2018
5% on May 15th, 2020
 
OR
 
*** EXCLUSIVE Deposit Structure *** 
$5,000 upon signing;
Balance to 5% in 30 days;

The Following monthly rate is then due until a total of 15%:
$1,000 Studio
$1,300 1 Bedroom
$1,550 1 Bedroom + Den
$1,800 2 Bedrooms
$2,150 3 Bedrooms
5% on May 15th, 2020
 
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Kingston Facts:
 
0.3% Vacancy Rate

 +

37% Rental Rate growth over the past 10 years

+

Scarce supply of prime-locations south of princess near Queen's University 

+

Cost per bedroom in a typical four to six bedroom house is $725/month

+

Students pay premium rates for outdated accommodations

+

Geographically located in between two of the largest populations in Canada

+

1.4% property tax

 
IF YOU ARE INTERESTED PLEASE SEND A FILLED WORKSHEET WITH 1 PIECE OF ID ASAP.
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First Come, First Serve!
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Call (416) 300-5600 for more info

General Information

Name Sage Prestige
Developer More Info Above!
Architects More Info Above....
Status Pre-Construction
Expected Completion Fall 2020

Details

Building Height 10 Storeys
Number Of Units 328 premium residential student rental properties and 13 commercial spaces
Unit Size From 0 sq. ft. To 0 sq. ft.
Unit Price Contact Us For Pricing
Exterior More Info Above!
Amenities More Info Above!

Financials

Deposit Structure More Info Above!
Parking Cost $0
Locker Cost $0
Bicycle Storage Cost $0
Fees Per Square Foot $0

Location

Address 652 Princess St, Kingston, ON
City Kingston
Community More Info Above!
Major Intersection More Info Above!
Postal Code K7L 1E5

Walk Score

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