Queen's Common in Whitby

Name: Sales in Queen's Common started!
Start: 2020-10-19T07:14:53.034294+00:00
End: 2023-12-31T23:59:59+0000
Location: Queen's Common

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Project info

Object ID: 9912

Finished at	December 2021
Price, m²	From 3700$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Cottage
Square	from 125.00 m²
Floors	2
Apartments	244
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket
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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

462,500$

Net profit

9,376$

Payback period

39.3 years

Avg property value increase per year

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About the project

Situated for easy access to the 412, 407 & 401, Queen's Common welcomes innovative and affordable new home designs. The town of Whitby has an abundance of activities to offer energetic homeowners, over 900-acres of recreational greenspace with over 60-acres of natural trails. Close to modern shopping, dining, plus established schools of all levels, our newest master-planned community is designed to be a wonderful place to call home.

Developer

Years ago, founder Peter Gilgan took a look around and saw an opportunity to create something unique in a world of uniformity. We got to whe…
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