South Creek Village Phase 2 in Ottawa

Name: Sales in South Creek Village Phase 2 started!
Start: 2020-10-19T11:30:42.859692+00:00
End: 2023-12-31T23:59:59+0000
Location: South Creek Village Phase 2

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Project info

Object ID: 9926

Finished at	September 2021
Price, m²	From 2900$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Cottage
Square	from 130.00 m²
Floors	2
Apartments	95
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

377,000$

Net profit

9,376$

Payback period

32.1 years

Avg property value increase per year

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About the project

The village of Osgoode is located in the south end of Ottawa with a population of approximately 2500. Notable landmarks of this village are the Stuart Holmes arena, the Osgoode community centre and surrounding recreational facilities, the local mall and numerous local shops along the main street. The village remains largely untouched by the commercialization that is typical in so many small towns. It’s quiet residential streets are full of life with folks out walking dogs or simply neighbours visiting each other. You won’t find large box stores in this village. The quick commute to Ottawa makes this a perfect commuter town. South creek village is just on the edge of town, allowing folks to enjoy the peace and tranquility of the country but also have their amenities close by. Within a very short walking distance is the old railway line which is now used for walking trails where you will see many neighbours walking their dogs along a nature lovers paradise.