MaryRobert Condominiums in Montreal

Name: Sales in MaryRobert Condominiums started!
Start: 2020-10-09T12:49:15.804991+00:00
End: 2023-12-31T23:59:59+0000
Location: MaryRobert Condominiums

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Project info

Object ID: 9811

Finished at	August 2020
Price, m²	From 4600$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 145.00 m²
Floors	22
Apartments	497
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Spa Fitness Pool Commercial area Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Champ-de-/Mars 5 min Beaudry 7 min Papineau 8 min Berri-UQAM 9 min Berri-/UQAM 9 min Frontenac 11 min Square-/Victoria–OACI 11 min Saint-Laurent 13 min Préfontaine 14 min Bonaventure 14 min Joliette 15 min LaSalle 16 min Place-des-Arts 17 min Sherbrooke 17 min Pie-IX 18 min Charlevoix 18 min De L'Église 19 min Lucien-/L'Allier 19 min McGill 20 min Viau 21 min
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

667,000$

Net profit

9,376$

Payback period

56.7 years

Avg property value increase per year

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About the project

Marking the entrance to Montreal and Griffintown, on the outskirts of the Bonaventure access road and at the end of Peel Street, which is the main road linking Mount Royal to the Lachine Canal, MaryRobert Condominiums is a manifestation of 2 towers in perpetual interaction. Sometimes conversing, sometimes sulky, the architecture is imposing, thanks to its innovative and singular style. A name inspired by Mary Griffin, historical figure and neighbourhood pioneer, and Sir Robert Peel, great defender of free trade. Ultimately, a creative vision that frolics between the provocative and the elegant. An exceptional flagship/iconic real estate project, located just steps from the future REM station.

Developer

Years ago, Patrice Groleau and Debby Doktorczyk recognized a lack of real estate agencies in Montreal that specialize in marketing condo pro…
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