Altius Laurel Townhomes in Edmonton

Name: Sales in Altius Laurel Townhomes started!
Start: 2020-09-29T07:16:31.341929+00:00
End: 2023-12-31T23:59:59+0000
Location: Altius Laurel Townhomes

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Project info

Object ID: 9580

Finished at	December 2020
Price, m²	From 1870$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Townhouse
Square	from 130.00 m²
Floors	2
Apartments	29
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

243,100$

Net profit

9,376$

Payback period

20.7 years

Avg property value increase per year

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About the project

Located in the heart of South East Edmonton, this established community offers three different fee simple style townhomes with backyards and an option to develop your rear detached garage.