Morrison Homes Mahogany in Calgary

Name: Sales in Morrison Homes Mahogany started!
Start: 2020-09-14T09:06:49.468641+00:00
End: 2023-12-31T23:59:59+0000
Location: Morrison Homes Mahogany

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Project info

Object ID: 9272

Finished at	December 2016
Price, m²	From 3800$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Cottage
Square	from 140.00 m²
Floors	2
Building phase	Completed
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

532,000$

Net profit

9,376$

Payback period

45.3 years

Avg property value increase per year

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About the project

Welcome to Mahogany. Located in southeast Calgary, new homes here have access to everything you could ask for, including two private beach areas, six distinct residential neighborhoods, parks and green space, 74 acres of naturalized wetlands, and an inviting urban village. And if living near Calgary’s largest freshwater lake isn’t enough, we are also proud to offer Morrison’s Signature Lakefront Estate homes, within Mahogany’s prestigious Reserve Collection. Situated on lakefront property, these elegant homes offer an exclusive opportunity to own your very own piece of paradise.

Developer

Today, with numerous awards and an unparalleled reputation, Morrison Homes is a household name in Alberta. But our legacy – borne from hard …
Details about Morrison Homes