Gallery Condos and Lofts in Hamilton

Name: Sales in Gallery Condos and Lofts started!
Start: 2020-10-07T09:04:51.978546+00:00
End: 2023-12-31T23:59:59+0000
Location: Gallery Condos and Lofts

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Project info

Object ID: 9726

Finished at	June 2022
Price, m²	From 6500$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 97.00 m²
Floors	22
Apartments	161
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Fitness Pool Commercial area 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

630,500$

Net profit

9,376$

Payback period

53.6 years

Avg property value increase per year

Open ROI calculator

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About the project

With every new development we undertake, we are always focusing our gaze forward. Looking for the next opportunity, the next new vision in design and a finer way to develop complete communities that exemplify new living.

Rising twenty-two storeys at the corner of Brant and James Streets and featuring 161 stunning residential units, mixed-use retail at the ground level and located across the street from City Hall, this is the place to live in Burlington.

Gallery Condos + Lofts features desirable amenities with exquisite attention to detail including an elaborate party room with separate dining room and billiard space; a gym and yoga room that opens to the outdoors; a spectacular indoor pool, and extensive rooftop featuring space to dine, lounge, barbeque and gather with friends around social fire features. Add to that beautiful and expansive views of the lake and downtown Burlington.