Sage Prestige Condos Sale- 328 Residential Student Rental Properties & 13 Commercial Spaces.


Sage Prestige Condos Sale- From $179,990 Studios, 1, 2 & 3 Bedroom Modern Condo Suites.

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Invest in Sage Prestige Condos - Invest in Kingston


Sage Prestige Condos is located at 652 Princess Street, along the main area heading to the downtown area, and only a 15 minute walk away from Queen's University.

Did you know? Kingston students pay higher rent than students in other markets. This means that the supply / demand equation is in favour of the property owners - that could be you starting at only $179,900.

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Limited Time Incentives on Sage Prestige Condos Sale

Reasons to Buy Sage Prestige Condos

  • FULLY FURNISHED UNITS starting at $179,990
  • TWO YEAR MINIMUM LEASE GUARANTEE.
  • TWO YEAR FREE PROPERTY MANAGEMENT services with Sage Living
  • CAPPED DEVELOPMENT CHARGES at $4,900 and $5,900
  • FULLY-FURNISHED RESIDENTIAL UNITS
  • MONTHLY DEPOSIT STRUCTURE AVAILABLE. Own for as low as $1000/Month
  • MORE THAN 10% EXPECTED ANNUAL RETURN on deposit

Need More Incentives?

  • PARKING AVAILABLE at $20,000.
  • LOCKERS AVAILABLE at $3,500
  • HST & SIX APPLIANCES Included in base purchase price
  • CASH FLOW POSITIVE INVESTMENTS
  • CAP RATES AS HIGH AS 5%
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Facts

Developer: IN8 Development
Location: 652 Princess Street - 15 minute walk to Kingston University
Units: 328 premium residential student rental properties and 13 commercial spaces
Build: High ceilings, stainless steel appliances, stone counter tops as a standard finish
Amentities A welcoming lobby, central atrium with natural light, study room, lounge, games room, fitness centre and amenity room
Maintenance Fee: .25 PSF including everything except hydro (which tenant would pay)
Other Benefits: Front Loading washer and dryer included / Free WiFi Included
Sage Prestige Condos

Choose Sage Prestige Condos


81 Walkscore

Short walk to over 200 businesses in Kingston's downtown core and 15 minute walk to Kingston University.

Rising Student Enrollments

Student Enrollments have increased from 21,667 enrollments (2014/2015) to 24,000.

Experienced Property Management

Sage Living have leased over 2000 beds on behalf of condo owners in the past 5 years.

Demand Higher Rent

Growth of student housing has not kept pace with school growth

Queen University 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 innovation 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

The Smart Choice for the Savvy Investor

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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

Full price list Register NOW!

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

Property Management Services

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 Statements

Deposit Structure

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Limited Time

Deposit Structure Available to Canadian Residents only.

  • $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
Limited Time

Deposit Structure for Foreign Investors.

  • $5,000 upon signing;
  • Balance to 10% in 30 days
  • $5% May 1st, 2017
  • $5% November 1st, 2017
  • $5% on May 1st, 2018
  • $5% on October 1st, 2018
  • $5% on January 1st, 2020
Sage Prestige Condos - Kingston

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Contact Us For More Information


Sage Prestige Condos has limited units left! Please contact us directly for more information.

Naveen Sehgal - Platinum Sales Representative