Glenridding Ravine in Edmonton

Name: Sales in Glenridding Ravine started!
Start: 2020-09-14T08:56:29.132648+00:00
End: 2023-12-31T23:59:59+0000
Location: Glenridding Ravine

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Project info

Object ID: 9270

Finished at	September 2019
Price, m²	From 2570$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Cottage
Square	from 107.00 m²
Floors	2
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

274,990$

Net profit

9,376$

Payback period

23.4 years

Avg property value increase per year

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About the project

Welcome to Edmonton’s newest southwest community! Filled with tall trees and green spaces, this gorgeous neighbourhood presents an environment that is both exclusive and tranquil. Located near Rabbit Hill Road and Ellerslie Road, Glenridding Ravine is conveniently situated within the Windermere area – one of Edmonton’s most coveted addresses. Next to an array of new and exciting amenities, including Currents of Windermere and Jagare Ridge Golf Course, this southwest community is destined to become our city’s next most desirable new home destination.

Developer

Today, with numerous awards and an unparalleled reputation, Morrison Homes is a household name in Alberta. But our legacy – borne from hard …
Details about Morrison Homes