The Theodore in Calgary

Name: Sales in The Theodore started!
Start: 2020-09-22T06:42:53.677564+00:00
End: 2023-12-31T23:59:59+0000
Location: The Theodore

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Project info

Object ID: 9424

Finished at	July 2022
Price, m²	From 6210$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 47.00 m²
Floors	10
Apartments	114
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

291,870$

Net profit

6,783$

Payback period

32.3 years

Avg property value increase per year

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About the project

Located at 10th and Gladstone, in the heart of Calgary’s beloved Kensington community, Graywood’s newest mid-rise condominium will soon offer the perfect new residence for people who love the busy atmosphere of the downtown core, but appreciate the close and quiet escape in this village-like community, complete with shops, restaurants, transit, parks and so much more.

Developer

A goal without a plan is not a goal. It is simply a wish. So when it comes to your home, are you simply wishing it becomes a good investment…
Details about Graywood Developments Ltd