Suite number:
1414 - 2B-01-B
Project:
Address:
Hamilton, Ontario
Developer:
Slate Asset Management
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
2
Size:
624 sqft
Occupancy Date:
Mar 2028
Price, CAD
$700,900
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
21.30%
Cumulative Return on Investment in Year 5
101.26%
Property Price at the End of Year 5
$903,000
Deposit Schedule
$5,000 at Signing
Total up to 2.5% in 30 days
$17,523
2.5% in 60 days
$17,523
2.5% in 120 days
$17,523
2.5% in 180 days
$17,523
10% on Occupancy
$70,090
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 | $37,000 | $38,000 | $40,000 | $42,000 | $45,000 | $47,000 | $49,000 | $52,000 | $55,000 | $58,000 | $463,000 |
| rent income | - | - | $4,000 | $12,000 | $13,000 | $13,000 | $14,000 | $14,000 | $15,000 | $15,000 | $100,000 |
| mortgage principal reduction | - | - | $3,000 | $9,000 | $9,000 | $10,000 | $10,000 | $11,000 | $11,000 | $12,000 | $74,000 |
| deposit interest | $3,000 | $4,000 | $2,000 | - | - | - | - | - | - | - | $9,000 |
| gst hst rebate | - | - | $24,000 | - | - | - | - | - | - | - | $24,000 |
| total income return | $40,000 | $42,000 | $73,000 | $63,000 | $66,000 | $70,000 | $73,000 | $77,000 | $81,000 | $85,000 | $670,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $70,000 | - | $70,000 | - | - | - | - | - | - | - | $140,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | $51,000 | - | - | - | - | - | - | - | $51,000 |
| operating expense | - | - | $3,000 | $8,000 | $9,000 | $9,000 | $9,000 | $9,000 | $9,000 | $10,000 | $66,000 |
| mortgage payment | - | - | $12,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $257,000 |
| total expense investment | $70,000 | - | $136,000 | $44,000 | $44,000 | $44,000 | $44,000 | $44,000 | $44,000 | $45,000 | $514,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$30,389 | $42,000 | -$62,295 | $20,000 | $23,000 | $26,000 | $29,000 | $33,000 | $36,000 | $40,000 | $155,000 |
| cumulative roi | $57 | $117 | $79 | $91 | $101 | $110 | $118 | $126 | $134 | $141 | $1,000 |
Corktown Condos
Address: Hamilton, Ontario
Price Range: $335,000 - $801,000
Avail. suites: 23
0—2.5 bd
302—864 SqFt