Lakeside Residences - Lake Suites in Toronto

Name: Sales in Lakeside Residences - Lake Suites started!
Start: 2020-10-29T11:22:13.185540+00:00
End: 2023-12-31T23:59:59+0000
Location: Lakeside Residences - Lake Suites

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Project info

Object ID: 10110

Finished at	September 2023
Price, m²	From 11440$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 78.00 m²
Floors	39
Apartments	371
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Underground parking Spa Fitness Pool Commercial area Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Castle Frank 6 min Broadview 11 min Sherbourne 11 min King 12 min Queen 13 min Dundas 15 min Union 15 min Chester 17 min College 18 min Wellesley 18 min St. Andrew 20 min Bloor-Yonge 21 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

10,605$

Rental income

1,103$

Management

689$

Utilities

530$

5% Income tax

8,283$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	50$	250$
February	28	21%	6	50$	300$
March	31	16%	5	55$	275$
April	30	16%	5	60$	300$
May	31	32%	10	60$	600$
June	30	60%	18	70$	1260$
July	31	80%	25	95$	2375$
August	31	80%	25	100$	2500$
September	30	46%	14	75$	1050$
October	31	45%	14	60$	840$
November	30	30%	9	50$	450$
December	31	29%	9	45$	405$
Total	365		145		10605$
Average		39%		64$

Total invested

892,320$

Net profit

8,283$

Payback period

84.1 years

Avg property value increase per year

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About the project

When you exceed an expectation, the only thing left to do is to aim higher. Introducing the newest tower in the Lakeside community.

The newest Lakeside tower is launching with the best views of the lake and city yet. Imagine a neighbourhood that lives both in the sky and along the shoreline. A pairing that’s exclusive and elemental. Raw and refined. Natural and urban. Home and destination.