Prescott in Edmonton

Name: Sales in Prescott started!
Start: 2020-09-29T08:28:25.186303+00:00
End: 2023-12-31T23:59:59+0000
Location: Prescott

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Project info

Object ID: 9589

Finished at	August 2017
Price, m²	From 1920$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Cottage
Square	from 170.00 m²
Floors	2
Apartments	32
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

326,400$

Net profit

9,376$

Payback period

27.8 years

Avg property value increase per year

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About the project

Nestled at the base of Grove Drive, Prescott is easily accessible from Highway 16 and 16A and only 13 minutes from Edmonton's West End.

In walking distance from Jubilee Park and anchored by a future K-9 school, this lovely community is designed with growing families in mind.

Abundant green spaces, walking trails, and tree lined streets adorn the immediate surroundings while dining, shopping, entertainment, and all other amenities are right around the corner.

Road hockey and backyard BBQ's are waiting for you and your family in this tight-knit neighbourhood!

Developer

We have been building homes in Alberta and Ontario for decades. Our single-family and townhome designs are not just aesthetically beautiful,…
Details about Averton Homes