Suite number:
1604 - 1B-S-03
Project:
Address:
Hamilton, Ontario
Developer:
Slate Asset Management
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
1
Size:
532 sqft
Occupancy Date:
Mar 2028
Price, CAD
$567,900
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
20.33%
Cumulative Return on Investment in Year 5
98.80%
Property Price at the End of Year 5
$732,000
Deposit Schedule
$5,000 at Signing
Total up to 2.5% in 30 days
$14,198
2.5% in 60 days
$14,198
2.5% in 120 days
$14,198
2.5% in 180 days
$14,198
10% on Occupancy
$56,790
Net Gain (Loss)
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Property Price Appreciation
Investment Details (10-Year Period)
Income/Return
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| property price appreciation | $30,000 | $31,000 | $33,000 | $34,000 | $36,000 | $38,000 | $40,000 | $42,000 | $44,000 | $47,000 | $375,000 |
| rent income | - | - | $3,000 | $9,000 | $9,000 | $9,000 | $10,000 | $10,000 | $11,000 | $11,000 | $72,000 |
| mortgage principal reduction | - | - | $2,000 | $7,000 | $7,000 | $8,000 | $8,000 | $9,000 | $9,000 | $9,000 | $60,000 |
| deposit interest | $2,000 | $3,000 | $2,000 | - | - | - | - | - | - | - | $7,000 |
| gst hst rebate | - | - | $24,000 | - | - | - | - | - | - | - | $24,000 |
| total income return | $32,000 | $34,000 | $64,000 | $50,000 | $53,000 | $55,000 | $58,000 | $61,000 | $64,000 | $67,000 | $538,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $57,000 | - | $57,000 | - | - | - | - | - | - | - | $114,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | $48,000 | - | - | - | - | - | - | - | $48,000 |
| operating expense | - | - | $2,000 | $7,000 | $7,000 | $7,000 | $7,000 | $8,000 | $8,000 | $8,000 | $54,000 |
| mortgage payment | - | - | $9,000 | $28,000 | $28,000 | $28,000 | $28,000 | $28,000 | $28,000 | $28,000 | $209,000 |
| total expense investment | $57,000 | - | $117,000 | $35,000 | $36,000 | $36,000 | $36,000 | $36,000 | $36,000 | $36,000 | $425,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$24,622 | $34,000 | -$53,327 | $15,000 | $17,000 | $20,000 | $22,000 | $25,000 | $28,000 | $31,000 | $114,000 |
| cumulative roi | $57 | $117 | $79 | $90 | $99 | $107 | $115 | $122 | $129 | $136 | $1,000 |
Corktown Condos
Address: Hamilton, Ontario
Price Range: $335,000 - $801,000
Avail. suites: 23
0—2.5 bd
302—864 SqFt