The Manse Condominiums in Hamilton

Name: Sales in The Manse Condominiums started!
Start: 2020-10-06T09:04:21.712260+00:00
End: 2023-12-31T23:59:59+0000
Location: The Manse Condominiums

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Project info

Object ID: 9704

Finished at	September 2020
Price, m²	From 4140$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 81.00 m²
Floors	3
Apartments	36
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

335,340$

Net profit

9,376$

Payback period

28.5 years

Avg property value increase per year

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About the project

Energy Star® and Quality Construction Features

• Energy Star® qualified low maintenance vinyl clad casement and slider, Low “E” argon gas filled windows with insulated spacer.

• Each residential suite a thru-wall, vertical unit with packaged cooling and heating that is tied to the central hydronic system or a horizontal fan coil unit.

• Domestic hot water for the building shall be provided through indirect fired domestic hot water tank coupled to space heating gas fired boiler system.

• Digital thermostat in each unit.

• Each unit is designed to allow for cold air returns, if possible, to create a proper flow of air throughout each unit.

• ?” thick type ‘x’ gypsum board, taped, filled, sanded, primed & painted on top of ¾” OSB tongue and groove subfloor and 11/2” concrete topping.

• 2”x6” exterior wall construction with R-22 wall insulation.

• Copper and/or Pex and ABS plumbing.