Suite number:
106
Project:
Address:
Grimsby, Ontario
Developer:
DeSantis Homes
Property type:
condo
Floor plan:
Bathrooms:
2
Bedrooms:
3
Size:
1272 sqft
Occupancy Date:
Mar 2026
Price, CAD
$1,249,900
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
21.75%
Cumulative Return on Investment in Year 5
102.57%
Property Price at the End of Year 5
$1,610,000
Deposit Schedule
$5,000 at Signing
Total up to 10% in 180 days
$124,990
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 | $65,000 | $68,000 | $72,000 | $76,000 | $80,000 | $84,000 | $88,000 | $93,000 | $97,000 | $103,000 | $825,000 |
rent income | $26,000 | $46,000 | $47,000 | $50,000 | $52,000 | $54,000 | $56,000 | $59,000 | $61,000 | $64,000 | $514,000 |
mortgage principal reduction | $9,000 | $16,000 | $17,000 | $17,000 | $18,000 | $19,000 | $20,000 | $21,000 | $22,000 | $23,000 | $183,000 |
deposit interest | $106 | - | - | - | - | - | - | - | - | - | $106 |
gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
total income return | $124,000 | $130,000 | $136,000 | $143,000 | $150,000 | $157,000 | $164,000 | $172,000 | $181,000 | $189,000 | $1,545,000 |
Expense/ Investment
Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
---|---|---|---|---|---|---|---|---|---|---|---|
deposit | $125,000 | - | - | - | - | - | - | - | - | - | $125,000 |
remaining balance payment | $125,000 | - | - | - | - | - | - | - | - | - | $125,000 |
closing cost | $62,000 | - | - | - | - | - | - | - | - | - | $62,000 |
operating expense | $9,000 | $16,000 | $16,000 | $16,000 | $17,000 | $17,000 | $18,000 | $18,000 | $19,000 | $19,000 | $165,000 |
mortgage payment | $37,000 | $63,000 | $63,000 | $63,000 | $63,000 | $63,000 | $63,000 | $63,000 | $63,000 | $63,000 | $600,000 |
total expense investment | $358,000 | $78,000 | $79,000 | $79,000 | $79,000 | $80,000 | $80,000 | $81,000 | $81,000 | $82,000 | $1,077,000 |
Other
Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
---|---|---|---|---|---|---|---|---|---|---|---|
net gain loss | -$233,771 | $51,000 | $57,000 | $64,000 | $70,000 | $77,000 | $84,000 | $92,000 | $100,000 | $108,000 | $469,000 |
cumulative roi | $30 | $50 | $69 | $86 | $103 | $119 | $134 | $151 | $167 | $184 | $1,000 |
Century Condos
Address: Grimsby, Ontario
Price Range: $574,000 - $1,250,000
Avail. suites: 17
1—3 bd
490—1310 SqFt