Glenridding Ravine in Edmonton

Name: Sales in Glenridding Ravine started!
Start: 2020-10-02T08:24:30.697922+00:00
End: 2023-12-31T23:59:59+0000
Location: Glenridding Ravine

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Property for sale in Glenridding Ravine — look at the real estate search engine GEOLN.COM. Photo 1

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Project info

Object ID: 9642

Finished at	February 2017
Price, m²	From 1900$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 190.00 m²
Floors	2
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

361,000$

Net profit

9,376$

Payback period

30.7 years

Avg property value increase per year

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About the project

Glenridding, situated on Ellerslie Road just west of 156 Street, is conveniently connected with easy access to Anthony Henday, Rabbitt Hill Road and Ellerslie Road. It’s just a quick trip to the International Airport and only minutes from the west end.

However, you really don’t have to go any further than the retail hub of the “Currents of Windermere” for all your shopping needs. From box stores to banks, from grocery to restaurants and even a Cineplex Theatre—it’s all close to home.

For the recreational enthusiasts, there are several golf courses nearby, including Jagare Ridge, right across the street. The new Terwillegar Recreation Centre – which includes a pool, skating rink, gyms and fitness centre – is also close to hand. This community also consists of a naturalized pond that is surrounded by plenty of green space – perfect for a casual stroll whether you are soaking up the sun by day or gazing upon the stars at night.

Developer

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