Crown Condos in Kingston

223 Princess St, Kingston, ON K7L 1B3, Canada

Coming Soon

Condo

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.

Overview

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.

Crown Condos in Kingston

Coming Soon

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