Observatory Hill in Richmond Hill

Name: Sales in Observatory Hill started!
Start: 2020-10-28T07:44:21.119823+00:00
End: 2023-12-31T23:59:59+0000
Location: Observatory Hill

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Project info

Object ID: 10084

Finished at	September 2019
Price, m²	From 5880$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Townhouse
Square	from 245.00 m²
Floors	3
Apartments	62
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

1,440,600$

Net profit

9,376$

Payback period

122.6 years

Avg property value increase per year

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Promos and discounts for Observatory Hill

About the project

An Inspired Community in Richmond Hill, Ready to be Explored

Living here will mean living in the immediate vicinity of the David Dunlap Observatory – one of the area’s most treasured historical sites and attractions. It’s a spot that must be seen to believe. It’s absolutely striking in appearance, but perhaps its most important feature is its ability to instil a passion for knowledge in anyone who is lucky enough to experience it.

Tucked away in South Richmond Hill’s last remaining pocket of beautiful, buildable land lies Observatory Hill; a place with an astonishing, inspiring history steeped in astronomy, education, and a simpler more neighbourly era.

Developer

CountryWide develops communities that grow with families and good neighbours. We build distinctive homes that tradespeople are proud to help…
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