Suite number:
Glimmer
Address:
Langford, British Columbia
Developer:
Westhills
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
1
Size:
557 sqft
Occupancy Date:
Sep 2023
Price, CAD
$384,900
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
32.01%
Cumulative Return on Investment in Year 5
155.67%
Property Price at the End of Year 5
$496,000
Deposit Schedule
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 | $20,000 | $21,000 | $22,000 | $23,000 | $25,000 | $26,000 | $27,000 | $29,000 | $30,000 | $32,000 | $254,000 |
| rent income | - | - | - | - | - | - | - | - | - | - | - |
| mortgage principal reduction | $15,000 | $5,000 | $6,000 | $6,000 | $6,000 | $7,000 | $7,000 | $7,000 | $8,000 | $8,000 | $76,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | - | - | - | - | - | - | - | - | - | - | - |
| total income return | $35,000 | $27,000 | $28,000 | $29,000 | $31,000 | $32,000 | $34,000 | $36,000 | $38,000 | $40,000 | $330,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | - | - | - | - | - | - | - | - | - | - | - |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | - | - | - | - | - | - | - | - |
| operating expense | - | - | - | - | - | - | - | - | - | - | - |
| mortgage payment | $19,000 | $19,000 | $19,000 | $19,000 | $19,000 | $19,000 | $19,000 | $19,000 | $19,000 | $19,000 | $193,000 |
| total expense investment | $19,000 | $19,000 | $19,000 | $19,000 | $19,000 | $19,000 | $19,000 | $19,000 | $19,000 | $19,000 | $193,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $16,000 | $7,000 | $9,000 | $10,000 | $12,000 | $13,000 | $15,000 | $17,000 | $18,000 | $20,000 | $137,000 |
| cumulative roi | $183 | $161 | $155 | $155 | $156 | $158 | $160 | $164 | $167 | $171 | $2,000 |
Solaris by Westhills (North & South)
Address: Langford, British Columbia
Price Range: $385,000 - $775,000
Avail. suites: 6
0—2.5 bd
557—1260 SqFt