The Point in Patterson Heights in Calgary

Name: Sales in The Point in Patterson Heights started!
Start: 2020-09-25T07:36:50.058050+00:00
End: 2023-12-31T23:59:59+0000
Location: The Point in Patterson Heights

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Project info

Object ID: 9525

Finished at	December 2017
Price, m²	From 3525$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Cottage
Square	from 345.00 m²
Floors	2
Apartments	25
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket
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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

1,216,125$

Net profit

9,376$

Payback period

103.5 years

Avg property value increase per year

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About the project

An exclusive community nestled in the west slopes of Calgary. The Point boasts a unique, natural escarpment featuring accessible trails and pathways amongst expansive green space. Properties in The Point are available with spectacular views of Calgary’s downtown and the Bow River Valley as it meanders through the city.

The Point in Patterson Heights is the final development site in Patterson. This site truly must be seen to fully appreciate the opportunity that exists.