Village at Westmount in Edmonton

Name: Sales in Village at Westmount started!
Start: 2020-10-03T11:51:07.865246+00:00
End: 2023-12-31T23:59:59+0000
Location: Village at Westmount

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Project info

Object ID: 9665

Finished at	July 2019
Price, m²	From 4235$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 57.00 m²
Floors	14
Apartments	123
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking Commercial area Kids playground Near school Near kindergarten Near supermarket
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Personal discount certificate 300$
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Return on investment for apartment

with price

9,495$

Rental income

1,103$

Management

689$

Utilities

474$

5% Income tax

7,229$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	25%	8	35$	280$
February	28	32%	9	35$	315$
March	31	19%	6	35$	210$
April	30	20%	6	45$	270$
May	31	38%	12	45$	540$
June	30	66%	20	50$	1000$
July	31	83%	26	80$	2080$
August	31	83%	26	85$	2210$
September	30	60%	18	60$	1080$
October	31	58%	18	45$	810$
November	30	33%	10	35$	350$
December	31	32%	10	35$	350$
Total	365		169		9495$
Average		45%		48$

Total invested

241,395$

Net profit

7,229$

Payback period

25.4 years

Avg property value increase per year

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Promos and discounts for Village at Westmount

About the project

The Village at Westmount will be an exciting new addition to the ongoing transformation of the Westmount Shopping Centre, and the revitalization of the popular mature neighbourhoods of Westmount, Woodcroft, Dovercourt and Sherbrooke.

Featured in this innovative new retirement community will be a choice of spacious 1 Bedroom and Den and 2 Bedroom units ranging from 648 to 830 sq. ft. Suitable for both couples and singles.

All homes will have big windows, full kitchens, many with movable islands, balconies, in-suite laundry, and air conditioning.

The Main and Lower floors of Village at Westmount will feature a two story professionally decorated lobby, a bright dining room for our independent living Residents, a commercial kitchen, family party room, English Pub, guest suite, exercise room, crafts room, hairdresser, bistro coffee bar, and a small spa.

Residents of Village at Westmount will have the choice of Rental tenure , or they may select our Loan Option (life lease), which reduces their monthly rent by making a zero interest secured loan. For more information about our Life Lease option please click here. Car ports and gated surface parking will be available.

The second and third floors of Village at Westmount are planned to offer Alberta Health Services funded Designated Assisted Living. On site will be Trained LPN and HCA's 24 hours per day, 7 days per week.