University Suites with 3 Years Guarantee


University Suites will be built at the corner of Princess Street and University Avenue. Beginning with 12 foot ground floor retail space and rising to a 4 storey limestone base podium the buildings step back and reach up to match the sky with white facade and clear glass. Residents will enjoy sweeping views of Kingston's downtown urban forest, Queen's University's main campus, Lake Ontario and the Cataraqui River. The building consist of a variety of suite sizes ranging from studios, 1 bedrooms, 1 bedroom + den, 2 bedrooms, and three bedroom suites. Featured amenities include fitness rooms, yoga studios, study rooms, guest suites, media rooms and squash courts.

Located at the corner of Princess Street and University Avenue, about 500 meters from Queens University. Kingston General Hospital is also a short walk from the development. The site also possesses a 93 Walk Score meaning that most amenities are 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.

Queens University has a total enrolment of 24,582 students (2013) however only have on-campus housing for 3,900 students. This creates a high-demand for off campus student housing. Furthermore 95% of all incoming students arrive from outside of Kingston, which only adds to the already high rental demand. All units will come with a 3 Year Rental Guarantee and Free Property Management. University Suites is also offering furnished suites to all units purchased. With Annual Return of 17%. This is advantageous to both the owner and potential tenant as it allows the landlord to obtain a higher lease amount and it saves the tenant upfront cost of purchasing furniture and appliances as well as moving these in and out of the rental property.

The building will be the pinnacle for off campus student housing in Kingston. It will be comprised of ground floor retail space. Amenities in the building will include an

•exercise room

•yoga studio

•study rooms

•guest suites

•media room

•squash court

Deposit: 15%

Maint. Fee: $0.42 per sf.

Occupancy: May 2017

Price from $188,900, CONTACT ME FOR FIRST PLATINUM ACCESS!!!!

Price from $190's CONTACT ME FOR FIRST PLATINUM ACCESS!!!!

LEASEBACK:

-Studio $1275

-1 bedroom $1550

-1+den $1600

-2 bedroom $2100

-3 bedroom $2750



Kingston has long been waiting for a modern, well located mid-town building that can be a catalyst for positive change on Williamsville's main street. University Suites at the Corner of University Avenue & Princess Street is that catalyst. Designed by renowned architectural firm Teeple. University Suites makes a strong statement of renewal and redevelopment. Beginning... with 12 foot ground floor retail space and rising to a 4 storey limestone base podium the buildings step back and reach up to match the sky with white facade and clear glass. Residents will enjoy sweeping views of Kingston's downtown urban forest, Queen's University's main campus, Lake Ontario and the Cataraqui River.

The building consist of a variety of suite sizes ranging from studios, 1 bedrooms, 1 bedroom + den, 2 bedrooms, and three bedroom suites. Featured amenities include fitness rooms, yoga studios, study rooms, guest suites, media rooms and squash courts.

The property is being developed by PRK Developments and shall be managed by Varsity Properties

Ken Yeung | Broker

Century 21 - Leading Edge Realty Inc. Brokerage
1053 McNicoll Ave. Toronto, ON M1W 3W6
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Cell: 416-618-9890
Web: www.KenYeung.ca
Web: www.century21.ca/ken.yeung
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Ken Yeung

Ken Yeung

Broker
CENTURY 21 Leading Edge Realty Inc., Brokerage*
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