Smith in Calgary

Name: Sales in Smith started!
Start: 2020-09-15T09:13:55.865649+00:00
End: 2023-12-31T23:59:59+0000
Location: Smith

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Project info

Object ID: 9295

Finished at	December 2016
Price, m²	From 5365$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 47.00 m²
Floors	18
Apartments	127
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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Return on investment for apartment

with price

9,026$

Rental income

1,103$

Management

689$

Utilities

451$

5% Income tax

6,783$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	30$	270$
February	28	35%	10	30$	300$
March	31	22%	7	33$	231$
April	30	23%	7	40$	280$
May	31	38%	12	40$	480$
June	30	73%	22	45$	990$
July	31	87%	27	75$	2025$
August	31	87%	27	75$	2025$
September	30	60%	18	55$	990$
October	31	58%	18	40$	720$
November	30	36%	11	30$	330$
December	31	35%	11	35$	385$
Total	365		179		9026$
Average		48%		44$

Total invested

252,155$

Net profit

6,783$

Payback period

27.9 years

Avg property value increase per year

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About the project

An 18-storey, residential tower community located just off Calgary's pre-eminent dining, shopping and entertainment destination

Smith contains a mix of studio and one-, two- and three-bedroom sophisticated and spacious condominium homes in the heart of Calgary’s bustling Beltline community.

We combined urban style and convenience, including a concierge, package storage and a dry-cleaning drop-off service, to appeal to the growing number of young professionals in the city.

We also integrated a bike and tool share program, shared social space for entertaining and a public plaza that extends the green space of the Beltline.

Along with Drake, our first residential tower just steps away from Smith, we have delivered over 250 new homes to the downtown area, adding quality urban living to the Beltline neighbourhood.

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…
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