01/14/2024
The District on Gardiners
The District on Gardiners is a condo project that offers a unique lifestyle experience in Kingston, Ontario. The building is 6 storeys, with a total of 211 units. The development is multi-phased with proposed townhomes to be released at a later date.
It seamlessly blends sleek, modern design with the historic roots of the community. Convenience is a key feature, with all necessary shops and amenities within close proximity. Residents can enjoy a variety of restaurants, shopping malls, and parks, as well as easy access to the city's main arteries. Just five minutes away from downtown and Queen's University, The District offers the perfect balance between work and play.
Experience the best of modern living with a touch of historic charm at The District on Gardiners.
Why Kingston?
1. Thriving Economy: Kingston is home to one of the smartest workforces in Canada, with the highest number of Ph.D graduates per capita. With a diverse economy spanning manufacturing, public administration, health care, agriculture, and mining, Kingston offers investors a wide range of market opportunities and access to top talent.
2. Increase Migration: Kingston has experienced a significant increase in migration, with 30% more new permanent residents settling in the area in the first three quarters of 2022
compared to the previous year. The growth in employment for individuals aged
25 to 44 has driven this influx of new tenants.
3. Low Vacancy Rate: The tightening rental housing market is reflected in Kingston’s low vacancy rate, which decreased to 1.2% in 2022, ranking as the second-lowest in Ontario. This trend follows a record-low vacancy rate of 0.6% in 2018, indicating increasing demand for rental properties. With limited affordable rental options, rental prices
for two-bedroom units increased by a substantial 21.6% in 2022.
4. Rental Market Potential: The thriving rental market in Kingston presents an excellent opportunity for investors. Despite the growth in housing supply, the limited availability of affordable rental options has contributed to rental prices rising significantly. This
indicates a high demand for rental properties and the potential for attractive
rental income for investors.
5. Expansive Growth: Kingston is experiencing substantial population growth, making it an attractive investment destination. Ranked as the 9th fastest-growing mid-sized CMAs in
Ontario from 2016 to 2021, Kingston’s population is forecasted to increase by
22.74% between 2021 and 2041, representing a growth of 36,278 persons.
6. Strategic Location: One of Kingston’s unique advantages is its strategic location, offering access to more than 14.5 million people within the Toronto-Ottawa-Montreal corridor, providing a potential customer base for businesses and investors. No other Canadian Census Metropolitan Area (CMA) has such a large population base, representing 40% of Canadians, within a three-hour radius.
Starting price low 300s.
For More Information Give Me A Call Today!
Ajayvir Mann
Realtor
Century 21 Royaltors Realty
D: 647-500-1119
O: 905-750-0001