Extended Deposit Structure
10% in 2021
5% in 2022
5% in 2023
(Princess St & Queen St, Downtown Kingston)
Live Life To The Fullest
Crown Condo located at 223 Princess Street, in the heart
of Kingston’s bright and energetic downtown,
with a 95 walk score. Crown Condos promises
to be a rare opportunity for those seeking
to live a vibrant urban lifestyle.
At Crown Condos you will enjoy incredible amenities
because of panoramic views and a thriving downtown
culture at your doorstep.
Live like a king surrounded by shopping,
restaurants and entertainment.
At Crown Condos you will also enjoy convenient
access to the St.
Lawrence waterfront for culture, events,
scenic walks and cycling.
Key Feature of Crown Condo
Project Name: Crown Condos
Intersection: Princess St & Queen St
Project Type: Condominium
Number of Storeys:
Number of Units: 180-185 Units
Occupancy: Early 2024
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
Limit time Deposit Structure
10% in 2021
5% in 2022
5% in 2023
95 walk score – Very walkable
78 Bicycle score
Unique pedestrian lane connecting
Queen Street to Princess Street
5-Minute distance to Queen’s University
Free Bus Pass For Every Queen’s and St.
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
One of the Best Cities To Move To Near Toronto
Kingston has been a go-to destination
for people moving out of the Toronto area
Rated the #1 “Best Cities To Move
To Near Toronto, For Those Thinking
Of Getting Out” By the Huffington Post!
Kingston is situated within a
3-hour drive of 33% of Canada’s population
Kingston is the middle between
Toronto - Montreal - Ottawa with
a combined population of over 10 million people
Kingston is a popular tourist destination
and is located next to the famous Thousand Islands
Kingston was the original capital
of the country and as such has a large
foundation of government and institutional jobs
which bolster the local economy
Unemployment rates in Kingston are low,
vacancy rates are some of the lowest in the country
Kingston is protected by heritage designations
which makes new condominiums rare, especially downtown
Rental Market 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
The 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
The current supply of student rentals are
50-100-year-old houses in poor condition,
no amenities, and high maintenance costs
1 and 2 bedrooms 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
Barriers of Entry to Build in Kingston:
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
Queen's University in Kingston
Queen’s University’s enrollments have surged for 2021!