Bloom and Timber Condominiums in Winnipeg

Name: Sales in Bloom and Timber Condominiums started!
Start: 2020-11-24T06:47:08.089122+00:00
End: 2023-12-31T23:59:59+0000
Location: Bloom and Timber Condominiums

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Project info

Object ID: 10357

Finished at	October 2024
Price, m²	From 2350$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 71.00 m²
Floors	4
Apartments	186
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking Fitness 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

10,605$

Rental income

1,103$

Management

689$

Utilities

530$

5% Income tax

8,283$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	50$	250$
February	28	21%	6	50$	300$
March	31	16%	5	55$	275$
April	30	16%	5	60$	300$
May	31	32%	10	60$	600$
June	30	60%	18	70$	1260$
July	31	80%	25	95$	2375$
August	31	80%	25	100$	2500$
September	30	46%	14	75$	1050$
October	31	45%	14	60$	840$
November	30	30%	9	50$	450$
December	31	29%	9	45$	405$
Total	365		145		10605$
Average		39%		64$

Total invested

166,850$

Net profit

8,283$

Payback period

15.7 years

Avg property value increase per year

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About the project

This brand new Irwin Homes condominium development is a 186 unit development with 4 phases. Phase 1 is completed offering immediate possession date with a number of floor plans to choose from. Phase 2 is under construction and is projected to offer possession dates in the November 2021. Pre-sales for phase 2 are currently underway. All of our condos include: heated underground parking or outdoor parking, 6 brand new appliances, and warranty.

Developer

Irwin Homes is a family owned company proudly building custom homes and condominiums in and around Winnipeg for over 50 years. Designed for…
Details about Irwin Homes