Garment Street Condos in Kitchener

Name: Sales in Garment Street Condos started!
Start: 2020-10-08T07:21:35.631639+00:00
End: 2023-12-31T23:59:59+0000
Location: Garment Street Condos

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Project info

Object ID: 9766

Finished at	May 2021
Price, m²	From 4800$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 63.00 m²
Floors	26
Apartments	300
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Spa Fitness 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

10,110$

Rental income

1,103$

Management

689$

Utilities

505$

5% Income tax

7,813$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	22%	7	40$	280$
February	28	28%	8	40$	320$
March	31	16%	5	42$	210$
April	30	16%	5	50$	250$
May	31	38%	12	50$	600$
June	30	66%	20	55$	1100$
July	31	80%	25	90$	2250$
August	31	80%	25	90$	2250$
September	30	53%	16	75$	1200$
October	31	51%	16	50$	800$
November	30	33%	10	40$	400$
December	31	32%	10	45$	450$
Total	365		159		10110$
Average		42%		55$

Total invested

302,400$

Net profit

7,813$

Payback period

29.9 years

Avg property value increase per year

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About the project

There was a time when Kitchener’s downtown bustled with factories that produced the clothing our community, and nation, wore. People worked together, built communities together and celebrated a better life. Today, Garment Street Condos gives us a downtown lifestyle that includes opportunities to live and play while we boldly work to create new products for today’s world.

You’ll live steps from the new ION light rail system, the region's future multi-modal transit hub, Victoria Park and Kitchener’s vibrant downtown. Garment Street puts you in the heart of the Innovation District, where university and college campuses and countless tech companies (including Google) call home. It’s finely tailored living. That fits.