875 Queen East in Toronto

Name: Sales in 875 Queen East started!
Start: 2020-10-22T09:07:14.776357+00:00
End: 2023-12-31T23:59:59+0000
Location: 875 Queen East

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Project info

Object ID: 9985

Finished at	November 2019
Price, m²	From 8400$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 64.00 m²
Floors	7
Apartments	122
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Pape 4 min Donlands 7 min Chester 11 min Greenwood 15 min Broadview 17 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

10,110$

Rental income

1,103$

Management

689$

Utilities

505$

5% Income tax

7,813$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	22%	7	40$	280$
February	28	28%	8	40$	320$
March	31	16%	5	42$	210$
April	30	16%	5	50$	250$
May	31	38%	12	50$	600$
June	30	66%	20	55$	1100$
July	31	80%	25	90$	2250$
August	31	80%	25	90$	2250$
September	30	53%	16	75$	1200$
October	31	51%	16	50$	800$
November	30	33%	10	40$	400$
December	31	32%	10	45$	450$
Total	365		159		10110$
Average		42%		55$

Total invested

537,600$

Net profit

7,813$

Payback period

53.2 years

Avg property value increase per year

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About the project

875 Queen Street East elevates the urban experience along this downtown Toronto bustling strip in the heart of Leslieville. Close to the multi-sport indoor and outdoor recreation of Jimmie Simpson Park, 875 Queen East is a boutique condominium designed to enhance the built-form with a modern, unadorned aesthetic while maintaining the defined style of the neighbourhood by incorporating the existing Empire-style heritage facade.

The seven storeys of loft-inspired residence overlooks the lively Queen Street East and incorporates organic architectural building stepbacks offering the natural elements of modern balconies and terraces.