Otis Residences in Kitchener

Name: Sales in Otis Residences started!
Start: 2020-10-08T07:50:27.586552+00:00
End: 2023-12-31T23:59:59+0000
Location: Otis Residences

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Project info

Object ID: 9770

Finished at	December 2021
Price, m²	From 5645$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 80.00 m²
Floors	5
Apartments	36
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Underground 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

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

451,600$

Net profit

8,283$

Payback period

42.6 years

Avg property value increase per year

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Promos and discounts for Otis Residences

About the project

The most exclusive, new residence is in Downtown Kitchener

Situated on beautiful Victoria Park, Otis in the Park is a Distinctive boutique condominium, thoughtfully designed to be as sophisticated as it is luxurious.

This intimate 30-suite building is in the heart of Downtown Kitchener. With six levels of individual floorplans, this distinguished property is something truly special for those looking for an elevated experience.