The Monterey III at the Groves of Varsity in Calgary

Name: Sales in The Monterey III at the Groves of Varsity started!
Start: 2020-09-25T07:43:42.982624+00:00
End: 2023-12-31T23:59:59+0000
Location: The Monterey III at the Groves of Varsity

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Project info

Object ID: 9526

Finished at	February 2018
Price, m²	From 3920$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 105.00 m²
Floors	12
Apartments	308
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking Fitness Commercial area Kids playground Near school Near kindergarten Near supermarket
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Personal discount certificate 300$
Free consultation	Ask a question

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

411,600$

Net profit

9,376$

Payback period

35.0 years

Avg property value increase per year

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About the project

The Groves of Varsity is a steel and concrete building in the heart of Calgary’s award winning Northwest community. This solid construction not only protects your long-term investment, but ensures a safe and quiet home. And for those who like to escape the perils of winter in a warmer climate, you can rest easy knowing that your home will be in perfect condition when you return.

This grand construction is situated in one of the most sought after communities, Varsity. Named Calgary’s #1 Community by Avenue Magazine, Varsity offers spectacular viewlines, quick access to an abundance of recreational activities, and a plethora of the finest shopping and dining Calgary has to offer.

And you don’t need to venture far to live the good life. Our first-class fitness and amenity areas are accessible to all of our residents, without having to venture outside. Get a great strength and cardio workout in the gym, and enjoy some quality time with your friends in our owners lounge. Perhaps even entertain on our rooftop patio, complete with barbeques and patio furniture. And soon, you’ll be able to use the services of our new Advanced Medical building, complete with a pharmacy, physicians, and other allied practitioners.