Suite number:
Suite 107
Project:
Address:
Sidney, British Columbia
Developer:
Mike Geric Construction
Property type:
condo
Floor plan:
Bathrooms:
2
Bedrooms:
3.5
Size:
1391 sqft
Occupancy Date:
Jan 2025
Price, CAD
$1,119,000
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
25.24%
Cumulative Return on Investment in Year 5
115.68%
Property Price at the End of Year 5
$1,442,000
Deposit Schedule
$10 at Signing
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 | $58,000 | $61,000 | $64,000 | $68,000 | $71,000 | $75,000 | $79,000 | $83,000 | $87,000 | $92,000 | $738,000 |
| rent income | $45,000 | $50,000 | $53,000 | $55,000 | $57,000 | $60,000 | $62,000 | $65,000 | $68,000 | $71,000 | $585,000 |
| mortgage principal reduction | $13,000 | $14,000 | $15,000 | $16,000 | $17,000 | $17,000 | $18,000 | $19,000 | $20,000 | $21,000 | $171,000 |
| deposit interest | $478 | - | - | - | - | - | - | - | - | - | $478 |
| gst hst rebate | $5,000 | - | - | - | - | - | - | - | - | - | $5,000 |
| total income return | $121,000 | $126,000 | $132,000 | $139,000 | $145,000 | $152,000 | $159,000 | $167,000 | $175,000 | $184,000 | $1,500,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $112,000 | - | - | - | - | - | - | - | - | - | $112,000 |
| remaining balance payment | $112,000 | - | - | - | - | - | - | - | - | - | $112,000 |
| closing cost | $42,000 | - | - | - | - | - | - | - | - | - | $42,000 |
| operating expense | $12,000 | $14,000 | $14,000 | $14,000 | $15,000 | $15,000 | $16,000 | $16,000 | $16,000 | $17,000 | $149,000 |
| mortgage payment | $51,000 | $56,000 | $56,000 | $56,000 | $56,000 | $56,000 | $56,000 | $56,000 | $56,000 | $56,000 | $556,000 |
| total expense investment | $329,000 | $70,000 | $70,000 | $70,000 | $71,000 | $71,000 | $72,000 | $72,000 | $72,000 | $73,000 | $970,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$208,642 | $56,000 | $62,000 | $68,000 | $74,000 | $81,000 | $88,000 | $95,000 | $103,000 | $111,000 | $530,000 |
| cumulative roi | $27 | $50 | $72 | $94 | $116 | $138 | $161 | $185 | $211 | $239 | $1,000 |
The Rise on Fifth
Address: Sidney, British Columbia
Price Range: $549,000 - $2,299,000
Avail. suites: 20
1—3.5 bd
567—1391 SqFt