Chelsea Hill in Whitby

Name: Sales in Chelsea Hill started!
Start: 2020-10-23T06:29:18.139772+00:00
End: 2023-12-31T23:59:59+0000
Location: Chelsea Hill

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Project info

Object ID: 9998

Finished at	December 2021
Price, m²	From 4835$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Cottage
Square	from 130.00 m²
Floors	2
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

628,550$

Net profit

9,376$

Payback period

53.5 years

Avg property value increase per year

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About the project

Take a Sunday drive through West Whitby, and the first thing that you’ll notice is the sheer abundance of nature that still dominates this landscape. Even though the conveniences of this established neighbourhood are already in place — including schools, shops, community centres and more — this is still a place where you can enjoy a walk through peaceful forest and conservation lands just steps from your door.

West Whitby also lets you take advantage of the biggest advance in the GTA’s highway system in a generation, with the Hwy. 412 offering a much needed connection between the 401 and 407, making it easier than ever to get around.

With all this, it’s no wonder that more and more people want to call West Whitby home. That’s why we’re so excited to introduce this all new master planned community that brings our much loved home designs to this ideal location. Welcome to Chelsea Hill.

Developer

Tribute Communities is a Builder/Developer with over 35 years experience who has built more than 30,000 homes across Southern Ontario. The c…
Details about Tribute Communities