News   Jul 30, 2021
 4.2K     8 
News   Jul 30, 2021
 196     0 
News   Jul 30, 2021
 649     0 

1000 Bay or Yorkville Plaza, which one is better?

Southcore

Active Member
Member Bio
Joined
Jun 5, 2011
Messages
609
Reaction score
71
Location
Southcore
It's still early to get numbers but word is this project did well over the weekend (particularly the studios and 1 beds, obviously).

EDIT - I'm referring to 1000 Bay.
 
Last edited:

EddyMCD

New Member
Member Bio
Joined
Dec 29, 2011
Messages
55
Reaction score
20
I don't understand why people would purchase at $750 psf unless buying with cash.

If they're charging $750 psf a 500 square foot 1 bedroom costs $375,000. With 25% deposit you would have to carry 281,250 once the building is registered.

That's about $1500 a month.

Add on about 250-300 per month for maintenance and 180 a month for taxes and the total is pushing $2000 a month.

Would a 1 bedroom rental be able to pull in 2000 a month 4 years from now?

Its very risky to speculate on capital appreciation right now, but if your doing it I hope it works out.
 

Top