Long Lake Village in Halifax

Name: Long Lake Village
Brand: Ramar
SKU: 9690
Availability: InStock

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Project info

Object ID: 9690

Finished at	March 2019
Price, m²	From 1865$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Cottage
Square	from 200.00 m²
Floors	2
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket
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Personal discount certificate 300$
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

373,000$

Net profit

9,376$

Payback period

31.7 years

Avg property value increase per year

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About the project

Long Lake Village is a new single family home development by Ramar currently under construction at Cowie Hill Road, Halifax.

Developer

Energy, commitment and passion were the qualities that motivated Ramar founder Ray Marchand to start a new career at 43, after serving 28 ye…
Details about Ramar