Verve in Calgary

Name: Sales in Verve started!
Start: 2020-09-25T11:13:20.559377+00:00
End: 2023-12-31T23:59:59+0000
Location: Verve

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Project info

Object ID: 9545

Finished at	November 2018
Price, m²	From 4390$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 46.00 m²
Floors	25
Apartments	288
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Pool Commercial area 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

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

201,940$

Net profit

6,783$

Payback period

22.4 years

Avg property value increase per year

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About the project

Verve is East Village’s first condo tower along the Riff pedestrian street. Early owners moved into their sleek, contemporary condos in October 2018.

The 25-storey tower is accompanied by a five-floor podium base, offering live-work suites, which adds a warm, human element to The Riff retail street front.

The range of living spaces – from studio to 2-bedroom plus a den – are designed for maximum flexibility, functionality, storage and space-saving. With oversized balconies to take advantage of its premium location just steps from the Bow River and the vast green space of Fort Calgary, Verve is urban village living at its best.

The talented team of Anna Simone and Elaine Cecconi are the interior designers who have distinguished Verve with contemporary style maxed out for comfort. With backgrounds in residential, retail, corporate and hospitality sectors that span the globe, they bring designs that are flexible, functional and definitely livable.