Highland Park in Halifax

Name: Sales in Highland Park started!
Start: 2020-10-06T07:19:05.609526+00:00
End: 2023-12-31T23:59:59+0000
Location: Highland Park

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Project info

Object ID: 9692

Finished at	August 2019
Price, m²	From 3200$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Cottage
Square	from 120.00 m²
Floors	2
Apartments	33
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

384,000$

Net profit

9,376$

Payback period

32.7 years

Avg property value increase per year

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Promos and discounts for Highland Park

About the project

Ramar has been developing this subdivision since 2005. Just 4 lots remain off of Greenhill Road; however coming in 2017, Ramar will be offering a new street with Lake Frontage on the ever popular Cox Lake! The perfect lake for all your recreational summer fun; power boats & sea-doos welcome! Soaring Way, will offer 18 beautifully treed, acre+ lots; filled with Silver Birch & Maples on which you can build your dream home.

Only 5 of the 18 offer frontage on the lake, so act quickly. The subdivision has much to offer, for families & young professionals looking for a peaceful & private setting to call home. Walking & hiking trails abound, along with a bike park & playgrounds. Nature at your doorstop; yet just 15 minutes to both Bedford & Halifax. Tantallon amenities (Tantallon Library, Sobeys Extra, SMC Rec Centre & much more) are just a 2 minute drive away.

Developer

Energy, commitment and passion were the qualities that motivated Ramar founder Ray Marchand to start a new career at 43, after serving 28 ye…
Details about Ramar