Polaris Metrotown in Burnaby

Name: Sales in Polaris Metrotown started!
Start: 2020-09-15T09:08:25.325638+00:00
End: 2023-12-31T23:59:59+0000
Location: Polaris Metrotown

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Project info

Object ID: 9294

Finished at	November 2021
Price, m²	From 10335$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 56.00 m²
Floors	36
Apartments	313
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Underground parking Spa Fitness Pool Commercial area 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

9,495$

Rental income

1,103$

Management

689$

Utilities

474$

5% Income tax

7,229$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	25%	8	35$	280$
February	28	32%	9	35$	315$
March	31	19%	6	35$	210$
April	30	20%	6	45$	270$
May	31	38%	12	45$	540$
June	30	66%	20	50$	1000$
July	31	83%	26	80$	2080$
August	31	83%	26	85$	2210$
September	30	60%	18	60$	1080$
October	31	58%	18	45$	810$
November	30	33%	10	35$	350$
December	31	32%	10	35$	350$
Total	365		169		9495$
Average		45%		48$

Total invested

578,760$

Net profit

7,229$

Payback period

61.0 years

Avg property value increase per year

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Promos and discounts for Polaris Metrotown

About the project

Polaris stands as a beacon of cosmopolitan living. Overlooking Bonsor Park with panoramic views that stretch from the North Shore Mountains to Mount Baker, Polaris is just steps away from a spectacular array of amenities and access to the best of Burnaby. It truly represents an unmatched lifestyle in the heart of Metrotown.

Developer

We are a privately-owned international property company. With a track record of over 340 years, we develop, manage and invest with a purpos…
Details about Grosvenor