Pier West in New Westminster

Name: Sales in Pier West started!
Start: 2020-09-21T11:35:57.579917+00:00
End: 2023-12-31T23:59:59+0000
Location: Pier West

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Project info

Object ID: 9417

Finished at	November 2022
Price, m²	From 9400$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 54.00 m²
Floors	53
Apartments	665
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Underground parking Spa Fitness Pool Commercial area Kids playground Near supermarket Near hospital
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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

507,600$

Net profit

7,229$

Payback period

53.5 years

Avg property value increase per year

Open ROI calculator

Promos and discounts for Pier West

About the project

Pier West is a modern architectural landmark for Metro Vancouver and a striking addition to the New Westminster skyline.

With carefully considered pedestrian-level amenities and new park space connected to the waterfront boardwalk, these residences are poised to be the most coveted address in the region.

Visionary developer, Bosa Development, has been pioneering transformational developments for over 5 decades

Developer

Think Different. We see development potential differently than others. We focus on placemaking based on where cities are in their growth cy…
Details about Bosa Development