Festival Condos in Toronto

Name: Sales in Festival Condos started!
Start: 2020-10-27T12:23:06.909652+00:00
End: 2023-12-31T23:59:59+0000
Location: Festival Condos

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Project info

Object ID: 10071

Finished at	October 2024
Price, m²	From 8080$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 46.00 m²
Floors	66
Apartments	1300
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 Vaughan/Metropolitan Centre 5 min Highway 407 9 min
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Personal discount certificate 300$
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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

371,680$

Net profit

6,783$

Payback period

41.2 years

Avg property value increase per year

Open ROI calculator

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About the project

Festival in South VMC is set to become the entertainment capital of Vaughan. One of Canada's largest master-planned communities brought to you by Menkes and QuadReal.

Developer

Menkes was founded by Murray Menkes. Visionary. Entrepreneur. Businessman. He wanted his life story to be about building single family homes…
Details about Menkes Developments Ltd.