Riverside in Edmonton

Name: Sales in Riverside started!
Start: 2020-10-02T08:10:04.538109+00:00
End: 2023-12-31T23:59:59+0000
Location: Riverside

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Project info

Object ID: 9639

Finished at	September 2018
Price, m²	From 3300$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Cottage
Square	from 115.00 m²
Floors	2
Apartments	85
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

379,500$

Net profit

9,376$

Payback period

32.3 years

Avg property value increase per year

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About the project

Parkwood is excited to once again be building in beautiful St Albert!

The beauty in Riverside is sustainable and naturally preserved among high-quality homes that have been developed to a green standard. You take pride in your Riverside home’s LEED® Canada certification, knowing your home has been exceptionally crafted to have a minimal impact on the natural beauty around you.

With plenty of outdoor space, a planned school site, and both duplex and single family homes available, Riverside by Genstar is perfect for a natural lifestyle, and for those who are looking for a peaceful place to build roots for a lifetime.

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