Suite number:
AFFINITY
Project:
Address:
Mississauga, Ontario
Developer:
The Daniels Corporation
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
1
Size:
544 sqft
Occupancy Date:
Mar 2025
Price, CAD
$644,900
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
16.71%
Cumulative Return on Investment in Year 5
83.23%
Property Price at the End of Year 5
$831,000
Deposit Schedule
$10,000 at Signing
Total up to 5% in 30 days
$32,245
5% on Occupancy
$32,245
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 | $33,000 | $35,000 | $37,000 | $39,000 | $41,000 | $43,000 | $45,000 | $48,000 | $50,000 | $53,000 | $426,000 |
| rent income | $11,000 | $13,000 | $14,000 | $14,000 | $15,000 | $16,000 | $16,000 | $17,000 | $18,000 | $18,000 | $152,000 |
| mortgage principal reduction | $7,000 | $8,000 | $9,000 | $9,000 | $10,000 | $10,000 | $10,000 | $11,000 | $12,000 | $12,000 | $97,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $75,000 | $57,000 | $60,000 | $62,000 | $66,000 | $69,000 | $72,000 | $76,000 | $80,000 | $83,000 | $699,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $64,000 | - | - | - | - | - | - | - | - | - | $64,000 |
| remaining balance payment | $64,000 | - | - | - | - | - | - | - | - | - | $64,000 |
| closing cost | $50,000 | - | - | - | - | - | - | - | - | - | $50,000 |
| operating expense | $6,000 | $7,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $9,000 | $9,000 | $9,000 | $80,000 |
| mortgage payment | $27,000 | $32,000 | $32,000 | $32,000 | $32,000 | $32,000 | $32,000 | $32,000 | $32,000 | $32,000 | $318,000 |
| total expense investment | $212,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $41,000 | $41,000 | $41,000 | $41,000 | $576,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$137,238 | $17,000 | $20,000 | $22,000 | $25,000 | $28,000 | $32,000 | $35,000 | $38,000 | $42,000 | $122,000 |
| cumulative roi | $32 | $48 | $61 | $73 | $83 | $93 | $103 | $112 | $121 | $130 | $854 |
The Kith Condominiums
Address: Mississauga, Ontario
Price Range: $526,000 - $981,000
Avail. suites: 27
0—2 bd
417—1017 SqFt