Reside in Vancouver

Name: Sales in Reside started!
Start: 2020-11-18T12:53:37.513881+00:00
End: 2023-12-31T23:59:59+0000
Location: Reside

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Project info

Object ID: 10288

Finished at	December 2019
Price, m²	From 12400$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 85.00 m²
Floors	4
Apartments	33
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking Commercial area Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Marine Drive 2 min Langara–/49th Avenue 7 min Oakridge–/41st Avenue 12 min Bridgeport 15 min King Edward 21 min
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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

1,054,000$

Net profit

9,376$

Payback period

89.7 years

Avg property value increase per year

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About the project

RESIDE is an exclusive collection of one, two and three bedroom homes with a coveted Westside Vancouver address. With some of Vancouver’s best parks close by, this is a rich, well-established neighbourhood.

Developer

Starting out as a construction company has made us a better developer. For more than 35 years, we’ve developed a wide variety of homes acros…
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