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
22.07%
Cumulative Return on Investment in Year 5
103.40%
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 | $15,000 | $45,000 | $47,000 | $49,000 | $51,000 | $53,000 | $56,000 | $58,000 | $60,000 | $63,000 | $498,000 |
| mortgage principal reduction | $5,000 | $16,000 | $16,000 | $17,000 | $18,000 | $19,000 | $20,000 | $21,000 | $22,000 | $23,000 | $177,000 |
| deposit interest | $794 | - | - | - | - | - | - | - | - | - | $794 |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $109,000 | $129,000 | $135,000 | $142,000 | $149,000 | $156,000 | $164,000 | $172,000 | $180,000 | $189,000 | $1,524,000 |
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 | $5,000 | $16,000 | $16,000 | $16,000 | $17,000 | $17,000 | $18,000 | $18,000 | $18,000 | $19,000 | $160,000 |
| mortgage payment | $21,000 | $63,000 | $63,000 | $63,000 | $63,000 | $63,000 | $63,000 | $63,000 | $63,000 | $63,000 | $584,000 |
| total expense investment | $338,000 | $78,000 | $79,000 | $79,000 | $79,000 | $80,000 | $80,000 | $81,000 | $81,000 | $82,000 | $1,056,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$228,513 | $51,000 | $57,000 | $63,000 | $69,000 | $76,000 | $83,000 | $91,000 | $99,000 | $107,000 | $468,000 |
| cumulative roi | $30 | $51 | $69 | $87 | $103 | $119 | $135 | $151 | $168 | $185 | $1,000 |
Century Condos
Address: Grimsby, Ontario
Price Range: $574,000 - $1,250,000
Avail. suites: 17
1—3 bd
490—1310 SqFt