Cascade City in Richmond

Name: Sales in Cascade City started!
Start: 2020-11-06T12:44:24.335535+00:00
End: 2023-12-31T23:59:59+0000
Location: Cascade City

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Project info

Object ID: 10258

Finished at	December 2021
Price, m²	From 8500$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 65.00 m²
Floors	15
Apartments	271
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Fitness Commercial area Kids playground Near school Near kindergarten Near supermarket
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Return on investment for apartment

with price

10,110$

Rental income

1,103$

Management

689$

Utilities

505$

5% Income tax

7,813$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	22%	7	40$	280$
February	28	28%	8	40$	320$
March	31	16%	5	42$	210$
April	30	16%	5	50$	250$
May	31	38%	12	50$	600$
June	30	66%	20	55$	1100$
July	31	80%	25	90$	2250$
August	31	80%	25	90$	2250$
September	30	53%	16	75$	1200$
October	31	51%	16	50$	800$
November	30	33%	10	40$	400$
December	31	32%	10	45$	450$
Total	365		159		10110$
Average		42%		55$

Total invested

552,500$

Net profit

7,813$

Payback period

54.6 years

Avg property value increase per year

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About the project

The modern architectural form of Cascade City is influenced by the stunning landscape of the West Coast. Innovation is honoured throughout the building by using only materials of the highest quality, combined with an extensive arrangement of trees and plants lining the street outside. These design considerations come together to create something truly special – an architectural statement in the City of Richmond.