27 & 29 Lambton Avenue in Ottawa

Name: 📣 300$ — discount certificate
Start: 2020-10-15T08:10:57.925651+00:00
End: 2023-12-31T23:59:59+0000
Location: 27 & 29 Lambton Avenue

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Construction

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Project info

Object ID: 9868

Finished at	November 2021
Price, m²	From 37857$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Cottage
Floors	2
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking 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

8,103$

Rental income

1,103$

Management

689$

Utilities

405$

5% Income tax

5,906$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	32%	10	25$	250$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		194		8103$
Average		52%		37$

Total invested

1,135,710$

Net profit

5,906$

Payback period

140.2 years

Avg property value increase per year

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About the project

Two modern semi-detached homes by Modbox Developments, designed by architect Rick Shean, are located in the sought-after community of LindenLea. This neighbourhood is well-established and ideally located in close proximity to the Byward Market (2 kms), Rideau Hall (1 km) and to the city’s best schools and parks. Walk to excellent restaurants, retails shops, boutiques, supermarket and organic food stores along nearby Beechwood Avenue.

Developer

Modbox is a creative and disciplined boutique development firm with a passion for building beautiful modern dwelling spaces that enhance urb…
Details about Modbox Developments