The Clove in Edmonton

Name: Sales in The Clove started!
Start: 2020-10-02T08:00:25.351099+00:00
End: 2023-12-31T23:59:59+0000
Location: The Clove

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Project info

Object ID: 9637

Finished at	April 2020
Price, m²	From 2430$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Townhouse
Square	from 150.00 m²
Floors	3
Apartments	12
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

364,500$

Net profit

9,376$

Payback period

31.0 years

Avg property value increase per year

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About the project

The Clove offers boutique-style, convenient condo living connected to all the city has to offer. Steps from the LRT hub, and minutes from downtown, Whyte Ave and major routes, life at The Clove provides easy access to it all, while welcoming you home to amazing views and the serenity of River Valley trails and parks.

Developer

At Parkwood, personalized customer service is the core of our corporate philosophy. Our president, Dan Hanna, has a hand in the building…
Details about Parkwood Master Builder