Glenridding Ravine in Edmonton

Name: Sales in Glenridding Ravine started!
Start: 2020-09-30T07:15:31.409893+00:00
End: 2023-12-31T23:59:59+0000
Location: Glenridding Ravine

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Project info

Object ID: 9603

Finished at	February 2020
Price, m²	From 1570$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Cottage
Square	from 180.00 m²
Floors	2
Apartments	17
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

282,600$

Net profit

9,376$

Payback period

24.0 years

Avg property value increase per year

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About the project

The Glenridding Ravine neighbourhood is perfectly situated on Ellerslie Road just west of 156 Street and is connected to the Anthony Henday. This community encourages livability and connectivity by providing a variety of parks and open spaces integrated with the natural amenities of the Whitemud Creek Ravine.

Developer

City Homes Master Builder is a local Edmonton family-owned and operated home builder that bring small-town values and exceptional quality to…
Details about City Homes Master Builder