Ivylea in Richmond Hill

Name: Sales in Ivylea started!
Start: 2020-10-23T07:44:47.296866+00:00
End: 2023-12-31T23:59:59+0000
Location: Ivylea

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Construction

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Project info

Object ID: 10005

Finished at	August 2022
Price, m²	From 4100$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 175.00 m²
Floors	3
Apartments	151
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

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

717,500$

Net profit

9,376$

Payback period

61.0 years

Avg property value increase per year

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Promos and discounts for Ivylea

About the project

Ivylea presents a fresh opportunity to buy in coveted Richmond Hill. These 3-storey townhomes with 3, 4, or 5-bedrooms are bordered by graceful trees and have a delightful parkette at its centre. This vibrant community is surrounded by mature trees and greenspace and is just a stone’s throw away from the many conveniences of a bustling city.

Moments from Hwy. 404, two GO transit stations and the future Viva Rapidway, Ivylea is the perfect location for people looking to add a little green to their lives

Developer

Greybrook is a private equity firm focused on the Real Estate and Healthcare sectors. We apply our strengths as a leading Canadian private e…
Details about Greybrook Realty Partners