Origin Lofts in Markham

Name: Sales in Origin Lofts started!
Start: 2020-11-03T11:46:17.589674+00:00
End: 2023-12-31T23:59:59+0000
Location: Origin Lofts

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Project info

Object ID: 10192

Finished at	December 2020
Price, m²	From 6500$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Townhouse
Square	from 58.00 m²
Floors	8
Apartments	112
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Spa Fitness Pool 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

377,000$

Net profit

7,229$

Payback period

39.7 years

Avg property value increase per year

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About the project

UNBEATABLE LOCATION. Conveniently located close to shopping, dining, recreation, schools, transit and more, you couldn’t ask for a better location. There’s Williamstown Plaza directly across Bur Oak Avenue for groceries and other everyday needs, with upscale Markville Mall just a short drive away.

Origin Lofts is a collaboration of professionals with decades of combined real estate expertise and design innovation. The strategic alliance formed by Nascent Developments and The Sher Corporation is dedicated to offering only the utmost in quality. Possessing an impressive breadth of knowledge in engineering, design, and the real estate market, this team truly understands the inner workings of creating exceptionally exquisite residences.