Mahogany Island in Calgary

Name: Sales in Mahogany Island started!
Start: 2020-09-21T07:10:25.266214+00:00
End: 2023-12-31T23:59:59+0000
Location: Mahogany Island

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Property for sale in Mahogany Island — look at the real estate search engine GEOLN.COM. Photo 1

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Project info

Object ID: 9403

Finished at	November 2016
Price, m²	From 9100$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Cottage
Square	from 170.00 m²
Floors	3
Apartments	22
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

1,547,000$

Net profit

9,376$

Payback period

131.6 years

Avg property value increase per year

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Promos and discounts for Mahogany Island

About the project

This community provides you with the ultimate in lakeside living. Mahogany's lakefront homes offer the ultimate in exclusivity. Each home on this private gated community comes complete with a private dock and lake access off of their own backyard.

Awarded Canada's Community of the Year, Mahogany is rich with amenities, including Calgary's largest freshwater lake, 2 private beaches, 22,000 sq ft of Beach Club, 265 acres of open space, 30 neighbourhood parks & playgrounds, 22 kilometers of community pathways, wetlands featuring 22 km of paved pathways, the Urban Village with local shops & services soon to come, and much more.

A community designed with 84 acres of combined lake and beachfront with everything from fishing in the summer, to ice skating in the winter this community is four-season living at its finest.

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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