Veritas in Edmonton

Name: Sales in Veritas started!
Start: 2020-09-28T08:56:50.354034+00:00
End: 2023-12-31T23:59:59+0000
Location: Veritas

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Project info

Object ID: 9561

Finished at	July 2019
Price, m²	From 2390$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 70.00 m²
Floors	4
Apartments	94
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking 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

10,110$

Rental income

1,103$

Management

689$

Utilities

505$

5% Income tax

7,813$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	22%	7	40$	280$
February	28	28%	8	40$	320$
March	31	16%	5	42$	210$
April	30	16%	5	50$	250$
May	31	38%	12	50$	600$
June	30	66%	20	55$	1100$
July	31	80%	25	90$	2250$
August	31	80%	25	90$	2250$
September	30	53%	16	75$	1200$
October	31	51%	16	50$	800$
November	30	33%	10	40$	400$
December	31	32%	10	45$	450$
Total	365		159		10110$
Average		42%		55$

Total invested

167,300$

Net profit

7,813$

Payback period

16.5 years

Avg property value increase per year

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About the project

Located in North Edmonton’s most desirable Neighbourhood – The Village of Griesbach. Veritas is an extraordinary new Condominium project featuring 1& 2 bedroom, and 2 bedroom plus den condos and townhomes overlooking Patricia Lake and the Cultural Amphitheatre. This location features four lakes, a 24 acre central park, a children’s playground and Major General Griesbach School. A Community Rich in History, these lands have honoured the legacy of Canada’s most distinguished military.

Developer

Over 45 Years of Quality Our Mission Statement To design, build, and market communities incorporating the newest technology with unsurpass…
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