Sage Prestige Condos 652 Princess St, Kingston ON K7L 1E5 Photo 1 Sage Prestige Condos 652 Princess St, Kingston ON K7L 1E5 Photo 2 Sage Prestige Condos 652 Princess St, Kingston ON K7L 1E5 Photo 3 Sage Prestige Condos 652 Princess St, Kingston ON K7L 1E5 Photo 4 Sage Prestige Condos 652 Princess St, Kingston ON K7L 1E5 Photo 5 Sage Prestige Condos 652 Princess St, Kingston ON K7L 1E5 Photo 6 Sage Prestige Condos 652 Princess St, Kingston ON K7L 1E5 Photo 7 Sage Prestige Condos 652 Princess St, Kingston ON K7L 1E5 Photo 8 Sage Prestige Condos 652 Princess St, Kingston ON K7L 1E5 Photo 9 Sage Prestige Condos 652 Princess St, Kingston ON K7L 1E5 Photo 10 Sage Prestige Condos 652 Princess St, Kingston ON K7L 1E5 Photo 11 Sage Prestige Condos 652 Princess St, Kingston ON K7L 1E5 Photo 12 Sage Prestige Condos 652 Princess St, Kingston ON K7L 1E5 Photo 13 Sage Prestige Condos 652 Princess St, Kingston ON K7L 1E5 Photo 14 Sage Prestige Condos 652 Princess St, Kingston ON K7L 1E5 Photo 15 Sage Prestige Condos 652 Princess St, Kingston ON K7L 1E5 Photo 16 Sage Prestige Condos 652 Princess St, Kingston ON K7L 1E5 Photo 17 Sage Prestige Condos 652 Princess St, Kingston ON K7L 1E5 Photo 18 Sage Prestige Condos 652 Princess St, Kingston ON K7L 1E5 Photo 19 Sage Prestige Condos 652 Princess St, Kingston ON K7L 1E5 Photo 20 Sage Prestige Condos 652 Princess St, Kingston ON K7L 1E5 Photo 21

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Sage Prestige - Investment Condos in Kingston near Queen's University

Sage Prestige Condos -

http://sageprestigecondovip.ca/

  • FULLY FURNISHED UNITS starting at $179,990
  • TWO YEAR MINIMUM LEASE GUARANTEELease 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 $20,000. Minimum lease guarantee will increase at least $80/Month with purchase
  • LOCKERS AVAILABLE at $3,500
  • MONTHLY DEPOSIT STRUCTURE AVAILABLE. Own for as low as $1000/Month
  • 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%
*Deposit Structures:
  • $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 January 1st, 2020
  • $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 Bedroom
    $2,150 3 Bedroom

 

Facts
 
Property Management Services by Sage Living:
  • Only half months rent property manage fee after first free two years
  • Renting buyer's suite
  • Sign lease agreements and parental guarantors
  • Collection post-dated cheques
  • Coordinate tenant move-in
  • Turnover clean
  • Field all tenant phone calls and inquiries
  • Complete maintenance management
  • Bill payments and cheque deposits
  • Provide regular statements
Furniture Package:
  • Double bed with mattress
  • Nightstand, desk and chair
  • Sofa with coffee table, media unit,
  • 50” flat-screen TV
  • Dining table and chairs
  • ?Blinds?
Sage Prestige Facts:
  • 652 Princess Street
  • 10 Stories
  • 328 premium residential student rental properties and 13 commercial spaces
  • 15 minute walk to campus
  • Prime Kingston location at 652 Princess Street
  • Maintenance is .25 PSF including everything except hydro (which tenant would pay)
  • WiFi included
  • High ceilings, stainless steel appliances, stone counter tops as a standard finish
  • Front Loading washer and dryer included
  • Amenities include; a welcoming lobby, central atrium with natural light, study room, lounge, games room, fitness centre and amenity room
  • Energy saving wall construction and thermally broken aluminum, double-glazed windows with Low-E Argon coating and Argon gas, energy efficient lighting, energy efficient centralized heating and cooling system

  • High-pressure, low-flow shower-heads and faucets and low flush toilets for water efficiency in bathrooms

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
Queen's Facts:
  • 95% of students attending queens are from outside Kingston
  • High percentage of international students
  • Highest number of A+ students than any other university
  • 88.4% average grade of incoming students in 2014
  • Bloomberg Business ranks Queen's MBA #1 in the world for teamwork
  • #1 graduation rate in Canada with 87.8% graduating in 2015
  • Ranked 4th in the Medical Doctoral category for overall academic excellence
  • Bloomberg Business Week ranks Queen's MBA #1 in the world for teamwork
  • More than a 30,000 population including staff, faculty and post-graduate student
  • Only 3,900 Beds on Campus
  • 120 degree programs
  • 4,300 grad students. 20% are international student
  • 85% of students live within a 15 minute walk from campus
  • High percentage of student coming from a private school
  • Queen’s University received the largest endowment fund per
    student in 2015/2016
  • Second highest number of award-winning faculty in Canada
  • 2016 saw Queen’s receive $36 million in funding for the creation of an innovations
    and wellness centre and the revitalization of the Bio Medical Research Facilities
    which will enhance Queen’s and Canada’s leading research position
  • 2015 saw Queen’s University receive their largest donation to date in the amount of $50 million by a Queen’s Alumnus and distinguished Canadian business leader putting Queen’s in first place for Canadian endowment money for business schools
  • Due to a lack of supply, residents currently have no other option but to pay
    premium rates for outdated accommodations. Many would pay more for a
    luxurious 1, 2 or 3 bedroom unit that allows them the lifestyle they desire
IN8 Developments / SAGE / SAGE Living:
  • The Sage Condominium concept has proven to be a successful and profitable investment. Since the original Sage Condo project in 2013, IN8 has been the leading developer of student condominiums with 10 Sage Condo projects in their portfolio to date
  • Buyers of our first Waterloo projects realized an accelerated performance in capital appreciation due to the increased pricing in our subsequent projects. Buyers of one bedroom units in Sage II realized a 35.6% appreciation in the value of their condo versus the price in Sage Platinum 3 years later
  • The original Sage Condominium, Sage 1, is currently in its fourth rental cycle achieving full occupancy every year, proving the Sage portfolio to be extremely successful and profitable. IN8 continues to offer a complete and comprehensive hands-off investing program to make this smart condominium investment easy for new and seasoned investors alike
  • IN8 Developments is the innovator behind the Sage Condominium projects originally developed and constructed in Waterloo region. Sage Condominium developments offer an unparalleled living experience for the demanding and fast-paced student lifestyle
  • Like the other Sage Condo communities, Sage Prestige comes complete with hotel-style amenities, and is designed to encourage students to stay active and healthy while providing an atmosphere where they can thrive
Virtual Tour

Property Details

  • Property ID: 101194435
  • Status: Active
  • New Construction: Yes
  • Style: Investment
  • Total Rooms: 328
  • Neighbourhood: Queen's University
  • Year Built: 2020
  • Storeys: 10
  • School District: Queen's University

Features

Accessibility Barrier Free
Listed By Soniya Siva of CENTURY 21 Leading Edge Realty Inc., Brokerage*