Locke Street Lofts in Hamilton

Name: Sales in Locke Street Lofts started!
Start: 2020-10-07T08:25:54.508477+00:00
End: 2023-12-31T23:59:59+0000
Location: Locke Street Lofts

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Project info

Object ID: 9720

Finished at	August 2020
Price, m²	From 4400$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Townhouse
Square	from 99.00 m²
Floors	3
Apartments	27
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

435,600$

Net profit

9,376$

Payback period

37.1 years

Avg property value increase per year

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About the project

GOURMET KITCHEN

1. Purchaser's choice of MDF, Maple or Oak quality cabinetry from Builders standard samples with post formed plastic laminate (Arborite) countertop.

2. Flush breakfast bar on kitchen island, as per plan.

3. Self-rimming stainless steel double compartment ledge back kitchen sink with single lever Moen faucet (faucet features high temperature limit stop for safety).

4. Two-speed white exhaust hood fan over stove area with vent to exterior with 6" ducting.

5. Heavy duty electrical receptacle for stove and dedicated electrical receptacle for refrigerator.

6. Dedicated 20 amp electrical outlets at counter level for small appliances. GFI protection for outlets within 5' of the kitchen sink.

7. Dishwasher space provided in kitchen cabinets with rough-in wiring and drains.

8. Standard appliances openings will be 30" for fridge, stove & 24" for dishwasher.