Village at Griesbach in Edmonton

Name: Sales in Village at Griesbach started!
Start: 2020-10-01T07:56:19.212316+00:00
End: 2023-12-31T23:59:59+0000
Location: Village at Griesbach

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Project info

Object ID: 9617

Finished at	March 2017
Price, m²	From 2300$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Cottage
Square	from 120.00 m²
Floors	2
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

276,000$

Net profit

9,376$

Payback period

23.5 years

Avg property value increase per year

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About the project

The Village at Griesbach is the perfect community if you’re looking for a short and simple route to the incredible shopping and restaurants of the downtown core. The Village is great for commuters looking to cut down their drive time.

Developer

For over forty years, we’ve been working with Edmontonians to build homes that are functional, beautiful, and tailored to their needs. We’re…
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