Suite number:
204 - Digital
Project:
Address:
Hamilton, Ontario
Developer:
Canlight Realty Corp.
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
1
Size:
713 sqft
Occupancy Date:
Jul 2025
Price, CAD
$720,990
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
16.87%
Cumulative Return on Investment in Year 5
83.41%
Property Price at the End of Year 5
$929,000
Deposit Schedule
$5,500 at Signing
Total up to 2.5% in 10 days
$18,025
10% on Occupancy
$72,099
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 | $39,000 | $41,000 | $44,000 | $46,000 | $48,000 | $51,000 | $53,000 | $56,000 | $59,000 | $476,000 |
| rent income | $10,000 | $12,000 | $12,000 | $13,000 | $14,000 | $14,000 | $15,000 | $15,000 | $16,000 | $17,000 | $138,000 |
| mortgage principal reduction | $8,000 | $9,000 | $10,000 | $10,000 | $11,000 | $11,000 | $12,000 | $12,000 | $13,000 | $14,000 | $110,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $80,000 | $61,000 | $64,000 | $67,000 | $70,000 | $74,000 | $77,000 | $81,000 | $85,000 | $89,000 | $748,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $72,000 | - | - | - | - | - | - | - | - | - | $72,000 |
| remaining balance payment | $54,000 | - | - | - | - | - | - | - | - | - | $54,000 |
| closing cost | $51,000 | - | - | - | - | - | - | - | - | - | $51,000 |
| operating expense | $8,000 | $9,000 | $9,000 | $9,000 | $9,000 | $10,000 | $10,000 | $10,000 | $10,000 | $11,000 | $95,000 |
| mortgage payment | $33,000 | $36,000 | $36,000 | $36,000 | $36,000 | $36,000 | $36,000 | $36,000 | $36,000 | $36,000 | $358,000 |
| total expense investment | $219,000 | $45,000 | $45,000 | $45,000 | $46,000 | $46,000 | $46,000 | $46,000 | $46,000 | $47,000 | $631,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$138,609 | $16,000 | $18,000 | $21,000 | $25,000 | $28,000 | $31,000 | $35,000 | $39,000 | $43,000 | $117,000 |
| cumulative roi | $34 | $50 | $63 | $74 | $83 | $92 | $101 | $109 | $117 | $124 | $846 |
Radio Arts
Address: Hamilton, Ontario
Price Range: $477,000 - $721,000
Avail. suites: 29
0—3 bd
363—1020 SqFt