Encore Tower in Edmonton

Name: Sales in Encore Tower started!
Start: 2020-10-02T06:37:10.714065+00:00
End: 2023-12-31T23:59:59+0000
Location: Encore Tower

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Project info

Object ID: 9630

Finished at	July 2020
Price, m²	From 4000$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 75.00 m²
Floors	43
Apartments	179
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Underground parking Pool Commercial area Kids playground Near school Near kindergarten Near supermarket
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Return on investment for apartment

with price

10,605$

Rental income

1,103$

Management

689$

Utilities

530$

5% Income tax

8,283$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	50$	250$
February	28	21%	6	50$	300$
March	31	16%	5	55$	275$
April	30	16%	5	60$	300$
May	31	32%	10	60$	600$
June	30	60%	18	70$	1260$
July	31	80%	25	95$	2375$
August	31	80%	25	100$	2500$
September	30	46%	14	75$	1050$
October	31	45%	14	60$	840$
November	30	30%	9	50$	450$
December	31	29%	9	45$	405$
Total	365		145		10605$
Average		39%		64$

Total invested

300,000$

Net profit

8,283$

Payback period

28.3 years

Avg property value increase per year

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About the project

Welcome to a new level. Introducing Encore Condominiums by Westrich Pacific Corp, a sleek all glass luxury private residence tower. Located on the intersection of 103rd Street and 102nd Avenue at the epicenter of Edmonton's downtown. This spectacular tower is situated in the most valuable neighborhood adjacent to pedway with access to every convenience and amenity: Financial Core, Arena Entertainment District, Movie Theatre, City Centre Mall, YMCA, Royal Alberta Museum, Art Gallery, River Valley, and LRT.