I want invest in
A Thriving City
Located on the coast of scenic Lake Ontario, Kingston is a place where history and innovation truly thrive. Residents here benefit from a superior quality of life and can enjoy technologically advanced infrastructure, world-class education and research institutions and beautiful conservation and parkland. Kingston offers a small city feel, with big city conveniences.
I want to own
A Piece of Kingston
There are only 4 high-rise condo buildings in Downtown Kingston. Two of these buildings were built over 25 years ago and represent a different era of development. A third was originally designed as affordable housing and features basic level finishes and minimal amenities. Still, opportunities to purchase in these buildings are few and far between.
The upper echelon tower downtown is located at 5 Gore. Since 2011, only 17 units have come up for sale. Since Fall of 2019, sale prices in this building have been $1.1 to $1.8 Million. Suites in these buildings rarely come up for sale, and when they do, they are not attainable for most.
These case studies illustrate that urban living is desirable to those with the means to afford it. What is missing from the market is more affordable condo residences that have modern finishes and building amenities that today’s urban resident desires. Crown Condos is poised to capture the market and capitalize on the pent-up demand in the Downtown Kingston market.
Understanding the housing trends in Kingston is imperative to understanding the potential of your real estate investment. Crown Condos will provide a premium product to an in-demand, under-served market.
The current supply of rental accommodations is predominantly comprised of older units in three and four storey buildings with scarcity of amenities and high maintenance costs, or in less desirable locations outside the downtown core. Crown Condominiums will be a unique opportunity to own a luxuriously finished on-trend suite, with every amenity imaginable both inside and out, all in a location second to none.
* CMHC CANADA Rental Report (Jan 2021)
The average rent increased by 7.9% between 2018 and 2019, significantly above the 2019 Ontario guideline of 1.8%
Source CMHC Prental Market Survery 2010-2020
Crown Condos offers a new entry point into home ownership in Downtown Kingston. Unlike the waterfront locations, this building offers superior walkability to all of downtown amenities. It features high-end finishes, hotel style amenities, maintains views of the waterfront, and utilizes modern condo technology. Crown Condos will introduce downtown living at a price not currently available.
Crown Condos Is Currently The Only Approved Development In Downtown Kingston
Crown Condos is surrounded by heritage protected low-rise retail along Princess Street and heritage protected 2 storey residential neighbourhoods to the north and south
Local Kingston residents historically have opposed high-rise development in the downtown to protect its character and heritage
Kingston sits on limestone bedrock making excavation very expensive for builders. Altus Group construction cost guidelines indicate that Kingston is 10% more costly to build than in than Toronto.
New development has remained very scarce due to many barriers to entry in Kingston.
I want to be in
A Vibrant Downtown
As the City of Kingston pushes forward on their comprehensive Downtown Kingston! Strategic Plan and Density by Design, Crown Condos will certainly lead the way into the future of Downtown Kingston.
Downtown Kingston’s unique mix of national brands and independent businesses offer a great mix of opportunities for career focused professionals. That coupled with Kingston’s high concentration of public sector offices and educational institutions makes the area an extremely desirable location attracting many of Ontario’s urban professionals.
A highly educated population with above average incomes
Almost 10,000 people work in Downtown Kingston
Over 700 businesses in the Downtown core
Millions of dollars in municipal investment in infrastructure
I want live in a
A Great City
Kingston is rated as the 3rd best place for young professionals in Canada, factored by history, nightlife, cultural opportunities, access to nature, job opportunities, and average rental rates.
By 2030, close to one in four Canadians will be 65 and over *statscan. This means there will be an influx of retirees seeking to downsize, cash out of larger properties and rent instead of own. Kingston was rated 10th in the 2020 Best Place to Retire by Zolo.ca. The rating is based on five factors including affordability, health, weather, crime, and community culture. Kingston has consistently ranked on this list making it an ideal choice for the robust boomer population seeking a safe and serene retirement location for their golden years.
Whether young or old, Kingston offers a great opportunity to live and work in a growing city, with a quality standard of living and excellent job prospects.
- North Bay, Ont.
- North Vancouver, B.C.
- Kingston, Ont.
- Belleville, Ont.
Kingston Investment News:
Like a take on Freakonomics, where small seemingly non-related events can expose wider economic trends, a study done by U-Haul reflects how the pandemic has
Canada’s two largest metro areas have recorded their largest-ever outflow of residents according to new data from Statistics Canada, as a growing number of residents
Home to three top-ranked post-secondary institutions and noted as the smartest workforce in Canada by StatsCan, Kingston is home to the most Ph.D. graduates per capita. This encourages mutually beneficial business partnerships to be forged both locally and internationally, adding to an already flourishing economy.
Growing City Transit
Reliable public transit is an important aspect of urban living. In August 2020, it was announced that a $47 million investment in Kingston Transit was being made by all 3 levels of government.