Suite number:
B1
Project:
Address:
Burnaby, British Columbia
Developer:
Millennium Development
Property type:
condo
Floor plan:
Bathrooms:
2
Bedrooms:
2.5
Size:
1410 sqft
Occupancy Date:
Jun 2027
Price, CAD
$1,100,000
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
26.60%
Cumulative Return on Investment in Year 5
118.95%
Property Price at the End of Year 5
$1,417,000
Deposit Schedule
$20,000 at Signing
Total up to 5% in 7 days
$55,000
5% in 120 days
$55,000
5% on Occupancy
$55,000
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 | $57,000 | $60,000 | $63,000 | $67,000 | $70,000 | $74,000 | $78,000 | $82,000 | $86,000 | $90,000 | $726,000 |
| rent income | - | $12,000 | $50,000 | $52,000 | $54,000 | $56,000 | $59,000 | $61,000 | $64,000 | $67,000 | $476,000 |
| mortgage principal reduction | - | $3,000 | $14,000 | $14,000 | $15,000 | $16,000 | $17,000 | $17,000 | $18,000 | $19,000 | $134,000 |
| deposit interest | $6,000 | $6,000 | - | - | - | - | - | - | - | - | $12,000 |
| gst hst rebate | - | $5,000 | - | - | - | - | - | - | - | - | $5,000 |
| total income return | $63,000 | $87,000 | $127,000 | $133,000 | $139,000 | $146,000 | $153,000 | $160,000 | $168,000 | $176,000 | $1,353,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $165,000 | - | - | - | - | - | - | - | - | - | $165,000 |
| remaining balance payment | - | $55,000 | - | - | - | - | - | - | - | - | $55,000 |
| closing cost | - | $42,000 | - | - | - | - | - | - | - | - | $42,000 |
| operating expense | - | $5,000 | $19,000 | $19,000 | $20,000 | $20,000 | $20,000 | $21,000 | $21,000 | $22,000 | $167,000 |
| mortgage payment | - | $14,000 | $55,000 | $55,000 | $55,000 | $55,000 | $55,000 | $55,000 | $55,000 | $55,000 | $454,000 |
| total expense investment | $165,000 | $115,000 | $74,000 | $74,000 | $75,000 | $75,000 | $76,000 | $76,000 | $77,000 | $77,000 | $883,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$102,228 | -$27,715 | $53,000 | $59,000 | $65,000 | $71,000 | $77,000 | $84,000 | $92,000 | $99,000 | $470,000 |
| cumulative roi | $38 | $54 | $77 | $99 | $119 | $139 | $159 | $179 | $201 | $223 | $1,000 |
Etoile Gold
Address: Burnaby, British Columbia
Price Range: $500,000 - $1,700,000
Avail. suites: 11
1—3.5 bd
567—2331 SqFt