Artists' Alley in Toronto

Name: Sales in Artists' Alley started!
Start: 2020-10-21T06:55:44.363185+00:00
End: 2023-12-31T23:59:59+0000
Location: Artists' Alley

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Project info

Object ID: 9956

Finished at	October 2022
Price, m²	From 12850$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 44.00 m²
Floors	39
Apartments	364
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Fitness Commercial area Kids playground Near school Near kindergarten Near supermarket Nearby subway stations St. Patrick 1 min Queen's/Park 2 min Osgoode 2 min Bay 3 min Rosedale 4 min St. Andrew 4 min Bloor-Yonge 5 min Museum 5 min Summerhill 6 min Wellesley 6 min College 6 min St. Clair/West 8 min Union 9 min Dundas 9 min Queen 11 min St. George 12 min King 12 min Davisville 12 min Sherbourne 14 min Eglinton/West 15 min Spadina 16 min Dupont 20 min Lawrence/West 20 min
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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

565,400$

Net profit

6,783$

Payback period

62.6 years

Avg property value increase per year

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About the project

Located between Simcoe and St. Patrick Streets, a stone’s throw from downtown’s famed art corridor, a new sculptural landmark is set to rise. A condominium inspired by art and infused with design. A canvas to express your zest for living.

Introducing Artists’ Alley, a master-planned mixed-use community with residential, office and retail, distinguished by Toronto’s newest “alley” – a winding pathway that connects Simcoe with St. Patrick, a bustling promenade lined with shops, cafes and inspiring art, a place to meet, greet and socialize, a place to see and be seen.

Developer

Lanterra Developments was founded by Mark Mandelbaum and Barry Fenton, two real estate visionaries who began with a dream to develop innovat…
Details about Lanterra Developments