Galleria at Concord Gardens in Richmond

Name: Sales in Galleria at Concord Gardens started!
Start: 2020-09-25T06:52:27.691871+00:00
End: 2023-12-31T23:59:59+0000
Location: Galleria at Concord Gardens

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Project info

Object ID: 9520

Finished at	August 2023
Price, m²	From 8500$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 51.00 m²
Floors	14
Apartments	165
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Spa Fitness Pool Commercial area Kids playground Near school Near kindergarten Near supermarket
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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

433,500$

Net profit

7,229$

Payback period

45.7 years

Avg property value increase per year

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About the project

Artistic design and smart living embody the Galleria master-planned community, consisting of five towers divided into the Da Vinci Collection (Phase 1) and the Picasso Collection (Phase 2). With Galleria’s position next to a future Canada Line station and attached retail and commercial space, the development is a part of lively surroundings that ensure ease of day-to-day convenience.

A two-acre neighbourhood park with a children’s play area offers optimal enjoyment of tranquil nature and quality time with loved ones.

Resort-inspired amenities, inspirational arts facilities & educational centres for children, world-class finishes and smart technology are infused into the development, encouraging colourful and intelligent living.

Developer

The Concord Group of Companies success has continued with Canada’s largest skyline defining communities, Concord Pacific Place in Vancouver …
Details about Concord Pacific