Richlands in Richmond Hill

Name: Sales in Richlands started!
Start: 2020-10-28T12:24:46.620026+00:00
End: 2023-12-31T23:59:59+0000
Location: Richlands

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Project info

Object ID: 10095

Finished at	February 2021
Price, m²	From 4950$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Townhouse
Square	from 300.00 m²
Floors	2
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

1,485,000$

Net profit

9,376$

Payback period

126.3 years

Avg property value increase per year

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Promos and discounts for Richlands

About the project

What makes a life truly rich? A beautiful home for your family. Top schools. Easy access to public transportation. Great shopping and dining. Unparalleled proximity to active living and nature amenities. In Richmond Hill, adjacent to the Richmond Green Sports Park, Richlands is a new family community of 43’ and 36’ detached homes, 28’ semi-detached homes and freehold townhomes that let you enjoy the true essence of richness in your life. This is a community surrounded by protected greenbelt, with a community park and school at its centre. A place where most homes are situated on quiet crescents and cul-de- sacs, so you can enjoy the true richness of peaceful neighbourhood living. Plus, with great shopping, schools, GO, York and VIVA Transit, Hwy. 404 and more nearby, you can enjoy a wealth of convenient GTA living at this one-of- a-kind location. Register now for your priority purchasing opportunity.