Utopia Condominiums in Hamilton

Name: Sales in Utopia Condominiums started!
Start: 2020-10-07T08:52:28.336611+00:00
End: 2023-12-31T23:59:59+0000
Location: Utopia Condominiums

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Project info

Object ID: 9724

Finished at	November 2021
Price, m²	From 4380$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 73.00 m²
Floors	6
Apartments	276
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Fitness 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

10,605$

Rental income

1,103$

Management

689$

Utilities

530$

5% Income tax

8,283$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	50$	250$
February	28	21%	6	50$	300$
March	31	16%	5	55$	275$
April	30	16%	5	60$	300$
May	31	32%	10	60$	600$
June	30	60%	18	70$	1260$
July	31	80%	25	95$	2375$
August	31	80%	25	100$	2500$
September	30	46%	14	75$	1050$
October	31	45%	14	60$	840$
November	30	30%	9	50$	450$
December	31	29%	9	45$	405$
Total	365		145		10605$
Average		39%		64$

Total invested

319,740$

Net profit

8,283$

Payback period

30.1 years

Avg property value increase per year

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About the project

Start your next chapter in Beamsville. Utopia Condos offers homebuyers the virtual paradise they’ve been searching for.

Utopia offers wine country lovers vintage living with on-site modern building facilities. Plus, many other conveniences are just steps away. Located beside the Sobey’s Plaza in Beamsville which includes a bank and a 24-hour fitness centre, Utopia will also be built across from the proposed future GO Station, making travel to Hamilton, the GTA, and Niagara Falls a breeze.

New Horizon is planning to make Utopia one of the greenest sustainable buildings in the Niagara Peninsula through a series of new environmental innovations including geothermal heating and cooling, rooftop solar panels, wiring for electric car chargers in the underground parking, and more, all contributing to a LEED Building Certification, and saving resources and money on utility costs for homeowners.