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The Belmont Residences - Phase 2 in Toronto

Name: Sales in The Belmont Residences - Phase 2 started!
Start: 2020-11-04T07:06:39.725889+00:00
End: 2023-12-31T23:59:59+0000
Location: The Belmont Residences - Phase 2

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Project info

Object ID: 10198

Finished at	November 2020
Price, m²	From 4100$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Cottage
Square	from 170.00 m²
Floors	3
Apartments	46
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket
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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

697,000$

Net profit

9,376$

Payback period

59.3 years

Avg property value increase per year

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About the project

Naturally made for family living.

With luxury features & finishes these homes are designed so your family can naturally live and grow together.

Located in Toronto's most family-friendly neighbourhood, it's no surprise that fostering an environment for growth while also maintaining proximity to the downtown core is a top priority. With exclusive amenities, such as vibrant parks and impressive schools, just steps away from your door, this is the choice for families of all ages that desire both an adventurous and reliable place to call home. The location offers the unique ability to stay active not only outdoors, but also within the community throughout the entire year. There's no doubt that the lifestyle you've been waiting for starts here.