Suite number:
Solarium
Project:
Address:
Centre Wellington, Ontario
Developer:
Pearle Hospitality
Property type:
condo
Floor plan:
Bathrooms:
2
Bedrooms:
2
Size:
1587 sqft
Occupancy Date:
Oct 2023
Price, CAD
$2,100,000
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
31.73%
Cumulative Return on Investment in Year 5
149.62%
Property Price at the End of Year 5
$2,705,000
Deposit Schedule
$20,000 at Signing
Total up to 20% in 9999 days
$420,000
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 | $109,000 | $115,000 | $121,000 | $127,000 | $134,000 | $141,000 | $148,000 | $156,000 | $164,000 | $172,000 | $1,386,000 |
| rent income | - | - | - | - | - | - | - | - | - | - | - |
| mortgage principal reduction | $58,000 | $29,000 | $30,000 | $32,000 | $33,000 | $35,000 | $36,000 | $38,000 | $40,000 | $42,000 | $373,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | - | - | - | - | - | - | - | - | - | - | - |
| total income return | $167,000 | $144,000 | $151,000 | $159,000 | $167,000 | $175,000 | $184,000 | $194,000 | $204,000 | $214,000 | $1,759,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | - | - | - | - | - | - | - | - | - | - | - |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | - | - | - | - | - | - | - | - |
| operating expense | - | - | - | - | - | - | - | - | - | - | - |
| mortgage payment | $105,000 | $105,000 | $105,000 | $105,000 | $105,000 | $105,000 | $105,000 | $105,000 | $105,000 | $105,000 | $1,052,000 |
| total expense investment | $105,000 | $105,000 | $105,000 | $105,000 | $105,000 | $105,000 | $105,000 | $105,000 | $105,000 | $105,000 | $1,052,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $61,000 | $38,000 | $46,000 | $54,000 | $62,000 | $70,000 | $79,000 | $89,000 | $99,000 | $109,000 | $707,000 |
| cumulative roi | $158 | $148 | $146 | $147 | $150 | $152 | $156 | $159 | $163 | $167 | $2,000 |
Elora Mill Condominiums
Address: Centre Wellington, Ontario
Price Range: $1,000,000 - $3,335,000
Avail. suites: 6
1—3.5 bd
805—2223 SqFt