Suite number:
1207 - 1B-S-04
Project:
Address:
Hamilton, Ontario
Developer:
Slate Asset Management
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
1.5
Size:
519 sqft
Occupancy Date:
Mar 2028
Price, CAD
$563,900
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
22.46%
Cumulative Return on Investment in Year 5
109.24%
Property Price at the End of Year 5
$727,000
Deposit Schedule
$5,000 at Signing
Total up to 2.5% in 30 days
$14,098
2.5% in 60 days
$14,098
2.5% in 120 days
$14,098
2.5% in 180 days
$14,098
10% on Occupancy
$56,390
Net Gain (Loss)
Get Expert Advice
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 | $29,000 | $31,000 | $32,000 | $34,000 | $36,000 | $38,000 | $40,000 | $42,000 | $44,000 | $46,000 | $373,000 |
| rent income | - | - | $6,000 | $18,000 | $19,000 | $20,000 | $21,000 | $22,000 | $23,000 | $24,000 | $153,000 |
| 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 | $67,000 | $60,000 | $63,000 | $66,000 | $69,000 | $72,000 | $76,000 | $79,000 | $616,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $56,000 | - | $56,000 | - | - | - | - | - | - | - | $113,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | $48,000 | - | - | - | - | - | - | - | $48,000 |
| operating expense | - | - | $3,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $9,000 | $9,000 | $61,000 |
| mortgage payment | - | - | $9,000 | $28,000 | $28,000 | $28,000 | $28,000 | $28,000 | $28,000 | $28,000 | $207,000 |
| total expense investment | $56,000 | - | $117,000 | $36,000 | $36,000 | $36,000 | $37,000 | $37,000 | $37,000 | $37,000 | $429,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$24,449 | $34,000 | -$50,105 | $24,000 | $26,000 | $29,000 | $32,000 | $35,000 | $39,000 | $42,000 | $187,000 |
| cumulative roi | $57 | $117 | $80 | $95 | $109 | $122 | $135 | $148 | $160 | $173 | $1,000 |
Corktown Condos
Address: Hamilton, Ontario
Price Range: $335,000 - $801,000
Avail. suites: 23
0—2.5 bd
302—864 SqFt