Encore Theatre District Condos in Toronto

Name: Sales in Encore Theatre District Condos started!
Start: 2020-10-24T12:09:38.266621+00:00
End: 2023-12-31T23:59:59+0000
Location: Encore Theatre District Condos

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Project info

Object ID: 10027

Finished at	January 2022
Price, m²	From 11000$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 50.00 m²
Floors	48
Apartments	210
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Fitness Pool Commercial area Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Queen's/Park 2 min St. Patrick 4 min Museum 4 min Bay 4 min Osgoode 5 min Rosedale 6 min Summerhill 7 min St. Andrew 7 min Bloor-Yonge 8 min St. Clair/West 8 min Wellesley 9 min St. George 9 min College 10 min Davisville 11 min Union 12 min Dundas 12 min Queen 13 min Spadina 14 min Eglinton/West 14 min King 15 min Sherbourne 17 min Dupont 17 min Lawrence/West 19 min Bathurst 21 min
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Return on investment for apartment

with price

9,026$

Rental income

1,103$

Management

689$

Utilities

451$

5% Income tax

6,783$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	30$	270$
February	28	35%	10	30$	300$
March	31	22%	7	33$	231$
April	30	23%	7	40$	280$
May	31	38%	12	40$	480$
June	30	73%	22	45$	990$
July	31	87%	27	75$	2025$
August	31	87%	27	75$	2025$
September	30	60%	18	55$	990$
October	31	58%	18	40$	720$
November	30	36%	11	30$	330$
December	31	35%	11	35$	385$
Total	365		179		9026$
Average		48%		44$

Total invested

550,000$

Net profit

6,783$

Payback period

60.9 years

Avg property value increase per year

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About the project

An epicentre of arts, culture, dining, business, sports, and nightlife, the Theatre District is a major hub for development in North America. Located at Adelaide and Widmer, Encore at Theatre District is a 48-storey building comprised of private residences and hotel suites.

Home to some of the best restaurants and nightlife in Toronto, and with frequent celebrity sightings during the internationally renowned film festival and year-round, the Theatre District is a hip, highly sought after affluent neighbourhood.