High Point on Cutter Drive in Halifax

Name: Sales in High Point on Cutter Drive started!
Start: 2020-10-05T07:52:05.513718+00:00
End: 2023-12-31T23:59:59+0000
Location: High Point on Cutter Drive

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Project info

Object ID: 9675

Finished at	September 2018
Price, m²	From 2050$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Cottage
Square	from 220.00 m²
Floors	3
Apartments	39
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking 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

451,000$

Net profit

9,376$

Payback period

38.4 years

Avg property value increase per year

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About the project

You'll be wowed by the exciting and fresh contemporary details in Provident's latest release of homes on the highest point of land above the Bedford Basin on the border of Bedford/Halifax. Nobody does glass better. Expansive windows with black frames to the interior throughout the main floor stun in contrast to the slim trim/drywall profile details. Crisp. Clean. Volume. The layouts are ideal for the daily functions of a growing family. The elevation above neighbouring streets adds to the feeling of spaciousness both inside and out.