Cranston's Riverstone in Calgary

Name: Sales in Cranston's Riverstone started!
Start: 2020-09-17T06:41:55.748211+00:00
End: 2023-12-31T23:59:59+0000
Location: Cranston's Riverstone

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Project info

Object ID: 9321

Finished at	March 2017
Price, m²	From 3180$
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

445,200$

Net profit

9,376$

Payback period

37.9 years

Avg property value increase per year

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About the project

Welcome to Cranston: surrounded by nature, where the Prairies meet the Rockies, and built thoughtfully for those with an active lifestyle in mind. The Bow River is just down the street and Fish Creek Park is in your backyard.

This family-friendly Calgary neighbourhood boasts the Cranston Market, a bustling galleria complete with professional services, trendy shops and restaurants. Directly across the street from the Market is Century Hall, a multi-use facility including meeting rooms, a full size gymnasium, tennis courts, a hockey rink, a playground and a waterpark, available for use exclusively by Cranston residents and their guests.

Developer

Cedarglen Homes can help you take the leap into your next stage of life by creating a beautiful and functional home that you can customize -…
Details about Cedarglen Homes