The Grid Lofts in Ottawa

Name: Sales in The Grid Lofts started!
Start: 2020-10-15T08:31:20.980706+00:00
End: 2023-12-31T23:59:59+0000
Location: The Grid Lofts

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Property for sale in The Grid Lofts — look at the real estate search engine GEOLN.COM. Photo 1

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Project info

Object ID: 9870

Finished at	November 2021
Price, m²	From 5950$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 150.00 m²
Floors	4
Apartments	6
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket
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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

892,500$

Net profit

9,376$

Payback period

75.9 years

Avg property value increase per year

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About the project

The design of The Grid Lofts was inspired by the authentic hard lofts of Manhattan and the contemporary soft lofts of Toronto and Montreal.

Hard lofts are once-functional factories or warehouses that have been transformed into an expansive dwelling with natural materials and exposed surfaces. Contemporary soft lofts offer high ceilings, large windows, and open concept floor plans with softer detailing, concealed ducts, plumbing and electrical services. The Grid Lofts offer the best of both worlds-an entirely new building with the elements of true hard lofts plus the comforts and efficiencies of well-built, modern dwellings. Soaring 10’6” high ceilings, en suite elevators, and distinct grid-like window walls, are sure to be a few of your favourite aspects of living at The Grid.

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