Cranston's Riverstone in Calgary

Name: Sales in Cranston's Riverstone started!
Start: 2020-09-19T10:40:14.921671+00:00
End: 2023-12-31T23:59:59+0000
Location: Cranston's Riverstone

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Project info

Object ID: 9363

Finished at	March 2017
Price, m²	From 5170$
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

723,800$

Net profit

9,376$

Payback period

61.6 years

Avg property value increase per year

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About the project

Cranston's Riverstone represents a once-in-a-lifetime opportunity to build your home in one of the largest urban parks in North America – Fish Creek Park. Nestled between the dramatic Cranston escarpment and the shores of the serene Bow River, Riverstone’s distinctive location provides estate owners with a natural sense of calm, inspired by the unique beauty of their surroundings. The area features thoughtful, tasteful design elements inspired by nature, making Riverstone a community perfectly at home with its unique natural setting.

Developer

Founded 42 years ago by the Ferraro family, our commitment to craft, quality and building lasting relationships continues to be at the foref…
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