Areve Condominiums Phase 1 in Montreal

Name: Sales in Areve Condominiums Phase 1 started!
Start: 2020-10-12T06:34:48.271795+00:00
End: 2023-12-31T23:59:59+0000
Location: Areve Condominiums Phase 1

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Project info

Object ID: 9819

Finished at	August 2020
Price, m²	From 8300$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 43.00 m²
Floors	10
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking Commercial area Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Angrignon 4 min Vendôme 8 min Monk 15 min Villa-Maria 16 min Édouard-Montpetit 19 min Université-de-Montréal 20 min
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Personal discount certificate 300$
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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

356,900$

Net profit

6,783$

Payback period

39.5 years

Avg property value increase per year

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About the project

Ideally located at the corner of Allard Street and Newman Avenue, the Areve project fits perfectly into the extensive EQ8 urban city, a complex known for elegance and quality construction.

A prestigious address where you can enjoy the perfect balance between city living and nature; tranquility and effervescence. a 10-storey, concrete and glass building, with an urban and contemporary design.

The privileged owners of an areve unit will enjoy outstanding views of the city and the river, from sunrise to sunset.

Developer

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