Cité Midtown - Phase 1 in Montreal

Name: Cité Midtown - Phase 1
Brand: Urban Capital
SKU: 9680
Availability: InStock

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Project info

Object ID: 9680

Finished at	July 2021
Price, m²	From 4040$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 50.00 m²
Floors	6
Apartments	740
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Fitness Pool Commercial area Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Du Collège 2 min Côte-Vertu 10 min De La Savane 13 min Henri-Bourassa 18 min Cartier 19 min
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Personal discount certificate 300$
Free consultation	Ask a question

Return on investment for apartment

with price

9,026$

Rental income

1,103$

Management

689$

Utilities

451$

5% Income tax

6,783$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	30$	270$
February	28	35%	10	30$	300$
March	31	22%	7	33$	231$
April	30	23%	7	40$	280$
May	31	38%	12	40$	480$
June	30	73%	22	45$	990$
July	31	87%	27	75$	2025$
August	31	87%	27	75$	2025$
September	30	60%	18	55$	990$
October	31	58%	18	40$	720$
November	30	36%	11	30$	330$
December	31	35%	11	35$	385$
Total	365		179		9026$
Average		48%		44$

Total invested

202,000$

Net profit

6,783$

Payback period

22.4 years

Avg property value increase per year

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Promos and discounts for Cité Midtown - Phase 1

About the project

At the crossroads of two of Montreal’s major arteries, bordering the green neighbourhoods of Ville Saint Laurent to the north and the exciting new Royalmount™ to the south, a whole new community is being born – Cité Midtown. Brought to you by Urban Capital, one of Canada’s premier residential developers, Cité Midtown will redefine the inner suburb experience, combining the style and pedestrian-friendly feel of downtown with the connectivity and convenience of being at the geographic heart of the Island.

Developer

Since we started out with our 48-unit Camden Lofts development back in 1996, these have been our touchstones. That project, on dusty Camden …
Details about Urban Capital