The Residences at Nobel Park in Vancouver

Name: Sales in The Residences at Nobel Park started!
Start: 2020-11-19T08:08:46.766762+00:00
End: 2023-12-31T23:59:59+0000
Location: The Residences at Nobel Park

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Project info

Object ID: 10302

Finished at	May 2020
Price, m²	From 9825$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 80.00 m²
Floors	14
Apartments	267
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking Commercial area Kids playground Near supermarket Near hospital
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Personal discount certificate 300$
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Return on investment for apartment

with price

10,605$

Rental income

1,103$

Management

689$

Utilities

530$

5% Income tax

8,283$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	50$	250$
February	28	21%	6	50$	300$
March	31	16%	5	55$	275$
April	30	16%	5	60$	300$
May	31	32%	10	60$	600$
June	30	60%	18	70$	1260$
July	31	80%	25	95$	2375$
August	31	80%	25	100$	2500$
September	30	46%	14	75$	1050$
October	31	45%	14	60$	840$
November	30	30%	9	50$	450$
December	31	29%	9	45$	405$
Total	365		145		10605$
Average		39%		64$

Total invested

786,000$

Net profit

8,283$

Payback period

74.1 years

Avg property value increase per year

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About the project

Situated on the beautiful University of British Columbia campus on Vancouver’s West Side, The Residences at Nobel Park offer convenient everyday living amid an environment of academic excellence. Embedded in the award-winning masterplanned community of Wesbrook Village, this collection of contemporary apartment residences and concrete family townhomes is surrounded by green spaces, large playgrounds and a tree-lined greenway for the enjoyment of residents. Just down the street, the village square is animated by a growing mix of restaurants, boutique shops and services offering everyday conveniences.