Suite number:
1311 B5
Project:
Address:
Richmond, British Columbia
Developer:
Canderel Residential Inc.
Property type:
condo
Bathrooms:
2
Bedrooms:
2
Size:
934 sqft
Occupancy Date:
Jun 2025
Price, CAD
$947,900
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
22.29%
Cumulative Return on Investment in Year 5
100.62%
Property Price at the End of Year 5
$1,221,000
Deposit Schedule
$10,000 at Signing
Total up to 5% in 7 days
$37,395
5% on Occupancy
$47,395
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 | $49,000 | $52,000 | $55,000 | $57,000 | $60,000 | $64,000 | $67,000 | $70,000 | $74,000 | $78,000 | $626,000 |
| rent income | $7,000 | $28,000 | $29,000 | $30,000 | $31,000 | $33,000 | $34,000 | $36,000 | $37,000 | $39,000 | $303,000 |
| mortgage principal reduction | $3,000 | $13,000 | $14,000 | $15,000 | $15,000 | $16,000 | $16,000 | $17,000 | $18,000 | $19,000 | $146,000 |
| deposit interest | $2,000 | - | - | - | - | - | - | - | - | - | $2,000 |
| gst hst rebate | $5,000 | - | - | - | - | - | - | - | - | - | $5,000 |
| total income return | $67,000 | $93,000 | $97,000 | $102,000 | $107,000 | $112,000 | $117,000 | $123,000 | $129,000 | $135,000 | $1,082,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $95,000 | - | - | - | - | - | - | - | - | - | $95,000 |
| remaining balance payment | $95,000 | - | - | - | - | - | - | - | - | - | $95,000 |
| closing cost | $37,000 | - | - | - | - | - | - | - | - | - | $37,000 |
| operating expense | $3,000 | $13,000 | $13,000 | $14,000 | $14,000 | $15,000 | $15,000 | $16,000 | $16,000 | $17,000 | $135,000 |
| mortgage payment | $11,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $402,000 |
| total expense investment | $241,000 | $56,000 | $57,000 | $57,000 | $58,000 | $58,000 | $58,000 | $59,000 | $59,000 | $60,000 | $763,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$174,065 | $37,000 | $41,000 | $45,000 | $49,000 | $54,000 | $59,000 | $64,000 | $69,000 | $75,000 | $319,000 |
| cumulative roi | $26 | $49 | $68 | $85 | $101 | $115 | $130 | $143 | $157 | $171 | $1,000 |
Located at Lansdowne and No. 3 Rd., in the middle of the new Downtown Richmond, you’ll be at the heart of it all — a vibrant and flourishing modern community with unlimited possibility. Luxe holds a special position in Richmond and will establish a n...
Address: Richmond, British Columbia
Price Range: $928,000 - $981,000
Avail. suites: 10
2 bd
932—1118 SqFt