Suite number:
Podium Suites 26
Project:
Address:
Oshawa, Ontario
Developer:
Tribute Communities
Property type:
condo
Floor plan:
Bathrooms:
2
Bedrooms:
1.5
Size:
556 sqft
Occupancy Date:
Apr 2025
Price, CAD
$673,000
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
18.95%
Cumulative Return on Investment in Year 5
93.86%
Property Price at the End of Year 5
$867,000
Deposit Schedule
$10,000 at Signing
Total up to 5% in 30 days
$33,650
1% on Occupancy
$6,730
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 | $35,000 | $37,000 | $39,000 | $41,000 | $43,000 | $45,000 | $47,000 | $50,000 | $52,000 | $55,000 | $444,000 |
| rent income | $15,000 | $20,000 | $21,000 | $22,000 | $23,000 | $24,000 | $25,000 | $26,000 | $27,000 | $28,000 | $229,000 |
| mortgage principal reduction | $6,000 | $9,000 | $9,000 | $9,000 | $10,000 | $10,000 | $11,000 | $11,000 | $12,000 | $13,000 | $101,000 |
| deposit interest | $256 | - | - | - | - | - | - | - | - | - | $256 |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $80,000 | $65,000 | $69,000 | $72,000 | $76,000 | $79,000 | $83,000 | $87,000 | $91,000 | $96,000 | $798,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $40,000 | - | - | - | - | - | - | - | - | - | $40,000 |
| remaining balance payment | $94,000 | - | - | - | - | - | - | - | - | - | $94,000 |
| closing cost | $50,000 | - | - | - | - | - | - | - | - | - | $50,000 |
| operating expense | $5,000 | $7,000 | $7,000 | $8,000 | $8,000 | $8,000 | $8,000 | $8,000 | $9,000 | $9,000 | $78,000 |
| mortgage payment | $25,000 | $34,000 | $34,000 | $34,000 | $34,000 | $34,000 | $34,000 | $34,000 | $34,000 | $34,000 | $329,000 |
| total expense investment | $216,000 | $41,000 | $41,000 | $41,000 | $42,000 | $42,000 | $42,000 | $42,000 | $42,000 | $43,000 | $591,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$135,771 | $24,000 | $27,000 | $31,000 | $34,000 | $37,000 | $41,000 | $45,000 | $49,000 | $53,000 | $207,000 |
| cumulative roi | $33 | $50 | $66 | $80 | $94 | $107 | $120 | $132 | $145 | $158 | $985 |
U.C. Tower 3
Address: Oshawa, Ontario
Price Range: $478,000 - $908,000
Avail. suites: 16
0—3 bd
363—960 SqFt