Suite number:
Suite 1002
Project:
Address:
Ottawa, Ontario
Developer:
Mizrahi Developments
Property type:
condo
Floor plan:
Bathrooms:
3.5
Bedrooms:
2
Size:
1930 sqft
Occupancy Date:
Mar 2025
Price, CAD
$3,610,990
Available
ROI
10,73%
Monthly Expenses
- condo fees— $1,641
- property taxes— $903
- property management— $197
- repairs and maintenance— $98
Total: $2,838
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Investment Period: 5 years
Yearly Return on Investment in Year 5
16.48%
Cumulative Return on Investment in Year 5
75.72%
Property Price at the End of Year 5
$4,653,000
Deposit Schedule
$10,000 at Signing
Total up to 10% in 30 days
$361,099
15% on Occupancy
$541,649
Net Gain (Loss)
- Net Gain Loss
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Property Price Appreciation
- 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 | $188,000 | $198,000 | $208,000 | $219,000 | $230,000 | $242,000 | $255,000 | $268,000 | $282,000 | $296,000 | $2,384,000 |
| rent income | $32,000 | $40,000 | $42,000 | $43,000 | $45,000 | $47,000 | $49,000 | $51,000 | $53,000 | $56,000 | $458,000 |
| mortgage principal reduction | $36,000 | $45,000 | $48,000 | $50,000 | $52,000 | $55,000 | $57,000 | $60,000 | $63,000 | $66,000 | $533,000 |
| deposit interest | $103 | - | - | - | - | - | - | - | - | - | $103 |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $280,000 | $283,000 | $297,000 | $312,000 | $327,000 | $344,000 | $361,000 | $379,000 | $398,000 | $418,000 | $3,400,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $903,000 | - | - | - | - | - | - | - | - | - | $903,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | $117,000 | - | - | - | - | - | - | - | - | - | $117,000 |
| operating expense | $28,000 | $35,000 | $35,000 | $36,000 | $37,000 | $38,000 | $39,000 | $39,000 | $40,000 | $41,000 | $369,000 |
| mortgage payment | $147,000 | $177,000 | $177,000 | $177,000 | $177,000 | $177,000 | $177,000 | $177,000 | $177,000 | $177,000 | $1,739,000 |
| total expense investment | $1,196,000 | $212,000 | $212,000 | $213,000 | $214,000 | $215,000 | $215,000 | $216,000 | $217,000 | $218,000 | $3,128,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$915,690 | $71,000 | $85,000 | $99,000 | $114,000 | $129,000 | $146,000 | $163,000 | $181,000 | $200,000 | $272,000 |
| cumulative roi | $24 | $41 | $54 | $66 | $76 | $85 | $93 | $101 | $109 | $116 | $764 |
1451 Wellington
Address: Ottawa, Ontario
Price Range: $854,000 - $3,611,000
Avail. suites: 4
1—2.5 bd
578—1930 SqFt
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80% of Original Price
Options for changing mortgage terms
The rental rate per square foot.