Heritage on Cypress & Second in Vancouver

Name: Sales in Heritage on Cypress & Second started!
Start: 2020-11-18T07:59:24.854481+00:00
End: 2023-12-31T23:59:59+0000
Location: Heritage on Cypress & Second

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Project info

Object ID: 10278

Finished at	December 2021
Price, m²	From 13000$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Townhouse
Square	from 128.00 m²
Floors	3
Apartments	6
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket
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Personal discount certificate 300$
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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

1,664,000$

Net profit

9,376$

Payback period

141.6 years

Avg property value increase per year

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About the project

A distinctive family residence built in 1906 will be fully restored and converted into two townhomes in Vancouver’s cherished Kitsilano neighbourhood. An additional four townhomes will be introduced to the property to complement this unique heritage form – all carefully shaped by Formwerks Boutique Properties.