Bauhaus Condos in Toronto

Name: Sales in Bauhaus Condos started!
Start: 2020-09-11T08:08:48.075581+00:00
End: 2023-12-31T23:59:59+0000
Location: Bauhaus Condos

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Project info

Object ID: 9216

Finished at	December 2021
Price, m²	From 9500$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 42.00 m²
Floors	32
Apartments	218
Condition	Turnkey
Construction type	Monolyth
Security	Reception
Conveniences	Parking Fitness Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Castle Frank 5 min Broadview 9 min Sherbourne 13 min King 13 min Chester 15 min Queen 15 min Dundas 16 min Union 17 min College 19 min Wellesley 20 min St. Andrew 21 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

399,000$

Net profit

6,783$

Payback period

44.2 years

Avg property value increase per year

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About the project

The Bauhaus was the most influential modernist art school of the 20th century. Its emphasis was to unite art and industrial design by combining fine art and craftsmanship. It exposes the mentalities of “truth to materials,” “less is more,” and “form follows function.” It was focused on using new modern materials and simple shapes to create beautifully designed and functional buildings, sculptures, and furniture with a focus on mass production. The Bauhaus movement has long been synonymous with bold, rational, and functional structures in art, architecture, and design.

Developer

Lamb Development Corp. (LDC) was founded in 2001 by Toronto’s top condominium broker Brad J. Lamb to directly participate in the development…
Details about Lamb Development Corp.