6th and Tenth Condos in Calgary

Name: 6th and Tenth Condos
Brand: Lamb Development Corp.
SKU: 9217
Availability: InStock

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Project info

Object ID: 9217

Finished at	August 2017
Price, m²	From 5830$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 54.00 m²
Floors	31
Apartments	230
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking 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

314,820$

Net profit

7,229$

Payback period

33.2 years

Avg property value increase per year

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About the project

Close to the vibrancy of Calgary’s downtown core, 6thandTenth will provide its residents with excellent modern design and offer the residents of the city with an unforgettable experience as LDC plans to incorporate the main level of 6th and Tenth as a 5--star restaurant, a concourse--style forecourt park comprised of water pools, designer landscaping, as well as sculptural gardens. One of the most important aspects in LDC’s overall corporate plan is to help stimulate urban areas, such as this, by investing and building properties that speak to good architecture and design

Developer

Lamb Development Corp. (LDC) was founded in 2001 by Toronto’s top condominium broker Brad J. Lamb to directly participate in the development…
Details about Lamb Development Corp.