Suite number:
517 - S2
Project:
Address:
Hamilton, Ontario
Developer:
Matrix Development Group
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
0
Size:
372 sqft
Occupancy Date:
Apr 2024
Price, CAD
$298,000
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
31.76%
Cumulative Return on Investment in Year 5
150.23%
Property Price at the End of Year 5
$384,000
Deposit Schedule
$5,000 at Signing
Total up to 20% in 9999 days
$59,600
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 | $15,000 | $16,000 | $17,000 | $18,000 | $19,000 | $20,000 | $21,000 | $22,000 | $23,000 | $24,000 | $197,000 |
| rent income | - | - | - | - | - | - | - | - | - | - | - |
| mortgage principal reduction | $9,000 | $4,000 | $4,000 | $4,000 | $5,000 | $5,000 | $5,000 | $5,000 | $6,000 | $6,000 | $53,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | - | - | - | - | - | - | - | - | - | - | - |
| total income return | $24,000 | $20,000 | $21,000 | $23,000 | $24,000 | $25,000 | $26,000 | $28,000 | $29,000 | $30,000 | $250,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | - | - | - | - | - | - | - | - | - | - | - |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | - | - | - | - | - | - | - | - |
| operating expense | - | - | - | - | - | - | - | - | - | - | - |
| mortgage payment | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $149,000 |
| total expense investment | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $15,000 | $149,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $9,000 | $5,000 | $7,000 | $8,000 | $9,000 | $10,000 | $11,000 | $13,000 | $14,000 | $16,000 | $101,000 |
| cumulative roi | $161 | $149 | $147 | $148 | $150 | $153 | $156 | $160 | $164 | $168 | $2,000 |
Westgate on Main
Address: Hamilton, Ontario
Price Range: $298,000 - $465,000
Avail. suites: 8
0—2.5 bd
315—800 SqFt