The Studio at The Metalworks in Guelph

Name: The Studio at The Metalworks
Brand: Fusion Homes
SKU: 9783
Availability: InStock

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Project info

Object ID: 9783

Finished at	May 2019
Price, m²	From 5025$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 170.00 m²
Floors	11
Apartments	132
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Spa Fitness 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

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

854,250$

Net profit

9,376$

Payback period

72.7 years

Avg property value increase per year

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About the project

Just a short walk to the GoTrain station, downtown restaurants and shops. The Copper Club – the third building in the community – has now begun construction. It’s never been easier to imagine living the downtown lifestyle at The Metalworks.

Developer

uying a new home is an unforgettable experience, a rewarding journey that can be highly emotional and, ultimately, life changing. A new home…
Details about Fusion Homes