Suite number:
1103
Project:
Address:
St. Catharines, Ontario
Developer:
Elite Developments
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
1
Size:
475 sqft
Occupancy Date:
Jan 2027
Price, CAD
$428,888
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
17.68%
Cumulative Return on Investment in Year 5
90.41%
Property Price at the End of Year 5
$553,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in 30 days
$21,444
2.5% in 90 days
$10,722
2.5% in 150 days
$10,722
2.5% in 380 days
$10,722
7.5% on Occupancy
$32,167
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 | $22,000 | $23,000 | $25,000 | $26,000 | $27,000 | $29,000 | $30,000 | $32,000 | $33,000 | $35,000 | $283,000 |
| rent income | - | $8,000 | $11,000 | $12,000 | $12,000 | $13,000 | $14,000 | $14,000 | $15,000 | $15,000 | $115,000 |
| mortgage principal reduction | - | $4,000 | $5,000 | $6,000 | $6,000 | $6,000 | $7,000 | $7,000 | $7,000 | $8,000 | $56,000 |
| deposit interest | $597 | $1,000 | - | - | - | - | - | - | - | - | $2,000 |
| gst hst rebate | - | $24,000 | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $23,000 | $61,000 | $42,000 | $44,000 | $46,000 | $48,000 | $50,000 | $53,000 | $56,000 | $58,000 | $480,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $43,000 | $43,000 | - | - | - | - | - | - | - | - | $86,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | $46,000 | - | - | - | - | - | - | - | - | $46,000 |
| operating expense | - | $5,000 | $6,000 | $6,000 | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | $59,000 |
| mortgage payment | - | $16,000 | $21,000 | $21,000 | $21,000 | $21,000 | $21,000 | $21,000 | $21,000 | $21,000 | $188,000 |
| total expense investment | $43,000 | $109,000 | $28,000 | $28,000 | $28,000 | $28,000 | $28,000 | $29,000 | $29,000 | $29,000 | $378,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$20,053 | -$48,428 | $14,000 | $16,000 | $18,000 | $20,000 | $22,000 | $24,000 | $27,000 | $29,000 | $101,000 |
| cumulative roi | $53 | $53 | $67 | $79 | $90 | $101 | $111 | $121 | $130 | $140 | $947 |
88 James
Address: St. Catharines, Ontario
Price Range: $378,000 - $629,000
Avail. suites: 141
0—2.5 bd
345—762 SqFt