The Residences of Royal Connaught in Hamilton

Name: Sales in The Residences of Royal Connaught started!
Start: 2020-10-07T09:22:09.251432+00:00
End: 2023-12-31T23:59:59+0000
Location: The Residences of Royal Connaught

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Project info

Object ID: 9760

Finished at	June 2020
Price, m²	From 6700$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 56.00 m²
Floors	13
Apartments	700
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Commercial area 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

9,495$

Rental income

1,103$

Management

689$

Utilities

474$

5% Income tax

7,229$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	25%	8	35$	280$
February	28	32%	9	35$	315$
March	31	19%	6	35$	210$
April	30	20%	6	45$	270$
May	31	38%	12	45$	540$
June	30	66%	20	50$	1000$
July	31	83%	26	80$	2080$
August	31	83%	26	85$	2210$
September	30	60%	18	60$	1080$
October	31	58%	18	45$	810$
November	30	33%	10	35$	350$
December	31	32%	10	35$	350$
Total	365		169		9495$
Average		45%		48$

Total invested

375,200$

Net profit

7,229$

Payback period

39.5 years

Avg property value increase per year

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About the project

Opened in 1916, host to prime ministers, royalty and Hollywood stars, the Royal Connaught has been a venerable Hamilton landmark for nearly a century.

Now, you can own a piece of history. The Royal Connaught is being reimaged, revitalized and reborn as a stunning new luxury condominium. True to the style of the Royal Connaught name, nothing was spared to create sumptuous surroundings that reflect the pride and craftsmanship of this historic grand hotel.

Welcome to luxurious condominium living, embracing its rich history in a modern lifestyle.

Welcome to Royal Connaught…