Ellis Lane in Toronto

Name: Sales in Ellis Lane started!
Start: 2020-10-17T07:56:53.372877+00:00
End: 2023-12-31T23:59:59+0000
Location: Ellis Lane

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Project info

Object ID: 9905

Finished at	September 2021
Price, m²	From 3950$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Cottage
Square	from 160.00 m²
Floors	2
Apartments	163
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket
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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

632,000$

Net profit

9,376$

Payback period

53.8 years

Avg property value increase per year

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About the project

There is something about the charm of Caledon that makes it a highly desirable and attractive town. The rolling hills and lush greenspace is what truly draws people here. It's an escape just a short drive from big city amenities. Fully connected to convenient grocery, entertainment, established schools and parks, you literally want for nothing. Getting to the city can be quick - hop on Highways 410, 50 or 9 or take a relaxing ride on the nearby GO. Whether you are looking for new outdoor adventures or quiet family time at home, come get inspired in Ellis Lane in Caledon.

Developer

Years ago, founder Peter Gilgan took a look around and saw an opportunity to create something unique in a world of uniformity. We got to whe…
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