Cachet Mount Hope in Hamilton

Name: Sales in Cachet Mount Hope started!
Start: 2020-10-06T09:17:00.796341+00:00
End: 2023-12-31T23:59:59+0000
Location: Cachet Mount Hope

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Project info

Object ID: 9706

Finished at	December 2020
Price, m²	From 3485$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Cottage
Square	from 160.00 m²
Floors	2
Apartments	430
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

557,600$

Net profit

9,376$

Payback period

47.4 years

Avg property value increase per year

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About the project

Picture that perfect town, full of charm and personality. A town where beautifully quaint streetscapes full of character tell a story about a community rich in history and current cultural happenings. There’s a whimsical mix of fields, forests, and trails leading to days spent in nature, along with an urban vibe that inspires living year-round. It’s a way of life unlike anywhere else you’ve experienced and it’s all here in Mount Hope.

Tucked into the south west corner of Hamilton, surrounded by the Niagara Escarpment, is Mount Hope. More than just a neighbourhood, Mount Hope has become one of Ontario’s most popular lifestyle niches. A closely-knit, pedestrian-friendly community defined by diverse art and culture, abundant urban amenities, and exceptional recreational activities. An enviable destination juxtaposed between old and new, rural and urban, growing and transforming. A city born of steel town roots, now emerging as a coveted cultural hub and community you will be proud to live in.