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Sage Prestige Kingston Condos

Sage Prestige Kingston Condos is an upcoming pre-construction condo project by IN8 Developments coming to 652 Princess Street in Kingston, ON.

Sage Presitge Kingston Condos Building Exterior True Condos

About Sage Prestige Kingston Condos

Welcome to Sage Prestige Kingston Condos – A luxurious mid-rise condominium building in the heart of the city. Sage Prestige Kingston Condos will be the first Sage Condo constructed in Kingston and will house 360 suites with the majority being one bedroom. Studio, two and three bedroom suites are also available.

Additionally, Sage Prestige Kingston Condos will include a retail level, green study atrium and an impressive lobby. Like the other Sage Condo communities, Sage Prestige Kingston Condos 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.

Sage Platinum Information

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Developer IN8 Developments
Address 653 Princess Street, Kingston, ON
Neighbourhood Kingston
Number of Storeys 11
Number of Units 360
Occupancy Date TBA
Maintenance Fees $0.25 Per SqFt per Month
Priced From $190,000’S To The Low $300,000’S

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Sage Prestige Kingston Condos Location

Sage Prestige Kingston Condos will be located at 653 Princess Street in Kingston, ON.

The city of Kingston is the regional capital of South Eastern Ontario located in the middle of Canada’s most populated triangle between Toronto, Montreal and Ottawa, which represents 31% of Canada’s total population.

With its burgeoning public and private sectors, Canadian Forces presence, and Queens University, the city is poised for growth over the next few years as it is becoming a hotbed for corporate investments. Currently there is a very high density of retail and services relative to the population. The Sage-Prestige condominiums are being developed to address the needs of Kingston’s growing industry and Queens University’s mature graduate students.

“MOST WALKABLE CITY”

• The vacancy rate in downtown Kingston is a low 1.8% in comparison to the Ontario average of 2.3%.

• There was a 37% increase in rental rates over the last 10 year CMHC.

• A growing number of seniors in Kingston are downsizing to condos and rental apartments rather than owning a house.

• The average household income in Kingston is $87,428, in the top 90th percentile in Canada

• The Kingston region population is 212,227

• It is home to the 4th largest train terminal in Ontario

“TOP 7 INTELLIGENT CITY IN THE WORLD”

• 95% of the student population is from outside Kingston yet, Queens only offers 3,900 beds on Campus.

• Queens is one of Canada’s oldest and most distinguished post-secondary institutions.

• A full spectrum, research-intensive university that conducts leading edge research in a variety of areas.

• The University announced that it will continue to increase enrollment by over 2000 students this year.

150 Redpath Avenue

Walker’s Paradise

Explore Mount Pleasant West on Walk Score

Sage Prestige Kingston Condos Amenities

– Mixed-use with residential and retail areas
– A welcoming lobby
– Central atrium with natural light
– A study room, lounge and games room,
– A fitness centre and amenity room
– Controlled access to the amenity areas
– Surveillance cameras in public areas
– Surface and underground parking
– Garbage chute
– Secured bike storage

Sage Prestige Kingston Condos Study Room True Condos

Sage Prestige Kingston Condos Features and Finishes

– High ceilings
– Oversized windows
– Balcony with sliding glass door
– Cable and telephone outlets in living room and bedrooms
– Pre-wired high speed internet access
– Hardwired in-suite smoke detectors
– In-suite sprinkler system

Sage Prestige Kingston Condos Interior True Condos

About the Developer

IN8 DEVELOPMENTS

The principals of IN8 Developments have over 20 years of direct experience in the construction and urban development industries. With a multitude of projects completed in the area over the past several years, IN8 has a recognizable and popular footprint throughout the Waterloo Region.

Committed to progressive thinking, IN8 Developments leads the way in intelligent housing solutions. We take pride in being the pioneers of luxurious and innovative housing options in downtown Kitchener and the university district in Waterloo. IN8 remains at the forefront of the industry in creating highly profitable, durable and trendy designs proven to be continually favoured among the local target groups. Explore more by viewing our portfolio of properties.

IN8 Developments True Condos

Sage Prestige Condos Frequently Asked Questions

How do I reserve a unit in this project?

After you review the floor plans and prices, if you know what suites you are interested in, you may reserve a suite online using our online reservation worksheet form at https://truecondos.com/worksheet.

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Does filling out the worksheet form mean I’m committing to buy a suite?

No it is not a formal commitment, it is an expression of interest and the first step you must take if you are thinking about getting a unit in this project.

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What does it mean that Andrew la Fleur is a “Platinum Agent”?

Platinum agents are the top selling agents who get preferred status with developers and first access to new projects before regular agents and the public.

Andrew la Fleur has been a top-selling pre-construction agent since 2007, and during this time he has achieved platinum status with many of the top builders and sales companies in the Greater Toronto Area.

For more information on about Platinum agents see this article: https://truecondos.com/5-things-to-know-about-buying-a-condo-with-a-platinum-vip-realtor-real-estate-agent/

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How does it benefit me as a buyer to work with Andrew la Fleur as my Platinum Agent?

Working with me as your Platinum agent gives you several benefits

  1. You get the highest level of access in the building
  2. You pay the lowest possible price for the unit (prices are typically increased significantly after the Platinum sales event)
  3. The best possible incentives
  4. I do not represent the builder. I represent you. You benefit from my expertise of being a top selling pre-construction agent and investor myself since 2007.
  5. Access to my personal network of mortgage brokers, lawyers, property management, HST rebate services, handymen and much more.
  6. My services to you as a buyer are free

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Do I get a cooling off period? What is it for?

Yes, after you sign the contract to purchase a suite you will have a standard 10-day cooling off period. It’s 10 calendar days, not business days from the time you sign.

The 10 days are primarily for 2 things: 1) to have a lawyer review your contract with you if you wish and 2) to get a mortgage pre-approval letter

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Do I need to have a lawyer?

You don’t need to have a lawyer at the moment that you sign the agreement, however I always recommend that you have a qualified lawyer review your agreement of purchase and sale after you sign and during your 10-day cooling off period.

Not sure who to talk to? Don’t worry – getting a lawyer is something I can help you with. Contact me for more details.

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Do I need to have a mortgage pre-approval to buy?

95% of all builders will require you to provide them with proof of financing capability in order to purchase. This is not required before you sign a contract, but it is usually required within 60 days of signing.

Not sure where to begin? Don’t worry – getting a mortgage pre-approval is something that I can help you with. Contact me for more details.

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Do the prices include HST?

If you are purchasing for yourself and plan to move in, then yes, prices include the HST and there is nothing you will have to pay at final closing.

If you are purchasing as an investment rental property, then you will have to pay approximately 7.8% of the purchase price as HST on final closing.

This money is remitted to the CRA and as an investor renting out your property you can apply to the CRA immediately to get this money back. It usually takes about 1 month to get your rebate back.

For more information on the HST, see here:

https://truecondos.com/tag/hst-rebates/

Contact me for more details.

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What are my closing costs on a pre-construction condo?

Closing costs on a pre-construction condo will vary greatly depending on the actual purchase price of the unit you are buying, but it also depends on the builder, the city that you are buying in, and the type of unit that you are buying.

 

Roughly speaking in Toronto you can expect to pay approximately 3-5% of the purchase price in closing costs when purchasing a brand new condo.

 

Check out this article for more info on closing costs:

https://truecondos.com/5-things-to-know-about-closing-costs-when-investing-in-a-pre-construction-condo/

 

Contact me for more details

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Are there any ‘hidden’ costs when buying a pre-construction condo?

No, there are no hidden fees when buying pre-construction condos because all fees must be disclosed in the agreement of purchase and sale. All purchasers have 10 days to review the agreement and have a lawyer advise them on the exact closing cost amounts. If you need a lawyer to help you we can suggest to you to several expert law firms that will review your agreement in detail.

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Is it possible to assign my condo? How much is the assignment fee?

Most condo builders do allow you to sell your unit before the building is complete. This projcess is called selling by “assignment”.

There is usually an assignment fee and a legal fee associated with selling. Costs can range from $1000-7000. Contact me for more details.

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(416) 371-2333

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