Crown Condos in Kingston

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.

• 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.