6Thirty Private Residences is a new condo development currently in preconstruction at 630 Princess Street, Kingston.
The development is scheduled for completion in 2018. Sales for available units range in price from the mid $400,000’s to the low $500,000’s. 6Thirty Private Residences has a total of 31 units, sizes range from 890 to 1461 square feet.
*Dates and Information are subject to change
Rooftop Barbecue Terrace
We wanted to share with you our TOP 5 REASONS to invest in Kingston:
GROWING UNIVERSITY = HOUSING SHORTAGE: Queen’s is one of Canada’s fastest growing universities at approximately 10% annually (over 2,000 students per year) and only has room for 4,500. There are already 6 applications for every 1-bedroom unit.
0.7% VACANCY RATE ONE OF THE LOWEST IN ONTARIO: Rents are 38% higher than more mature markets like Waterloo for its basic accommodations (rooms in housing). Over 95% of Queen’s students are from outside of Kingston which has driven rental rates up 37% over the last decade.
95% of Student Population: Comes from outside of Kingston and needs off campus housing, as there is only 4,618 on campus housing for Queens University and over 24,000 Students
WEALTHIEST STUDENT POPULATION: Queen’s University has the largest endowment fund per student with over $640 Million raised as part of the Initiative ensuring that the growth continues for years to come.
TURNKEY: The best part about this investment is that it is turnkey. The investment is fully managed and has guaranteed rents for 20 months. This is as easy as owning a mutual fund, but you get the returns of real estate!
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