Studio 2 in Toronto

Name: Studio 2
Brand: Aspen Ridge Homes
SKU: 10042
Availability: InStock

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Project info

Object ID: 10042

Finished at	October 2016
Price, m²	From 9000$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 300.00 m²
Floors	41
Apartments	425
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Spa Fitness Pool Commercial area Kids playground Near school Near kindergarten Near supermarket Nearby subway stations St. Patrick 1 min Osgoode 1 min Queen's/Park 3 min St. Andrew 3 min Bloor-Yonge 5 min Bay 5 min Rosedale 5 min Wellesley 5 min College 6 min Museum 7 min Summerhill 7 min Union 8 min Dundas 8 min St. Clair/West 9 min Queen 9 min King 11 min St. George 13 min Sherbourne 13 min Davisville 14 min Eglinton/West 16 min Spadina 17 min Dupont 21 min Lawrence/West 21 min
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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

2,700,000$

Net profit

9,376$

Payback period

229.7 years

Avg property value increase per year

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About the project

It's not Queen West. It's not King West. It's Richmond. Richmond & Duncan. A bit of both worlds, yet a world entirely unto itself. It's where Financial and Cultural Districts converge, creating a swirling dynamic of dollar bills and big city thrills traded on the most important index of all – quality of life.

Developer

At the heart of Aspen Ridge Homes is customer satisfaction. Every day, Aspen Ridge Homes strives to exceed customers’ expectations with an u…
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