Suite number:
1604 - 1B-S-03
Project:
Address:
Hamilton, Ontario
Developer:
Slate Asset Management
Property type:
condo
Bathrooms:
1
Bedrooms:
1
Size:
532 sqft
Occupancy Date:
Mar 2028
Price, CAD
$551,900
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
23.17%
Cumulative Return on Investment in Year 5
113.69%
Property Price at the End of Year 5
$711,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in 30 days
$27,595
2.5% in 90 days
$13,798
2.5% in 150 days
$13,798
2.5% in 720 days
$13,798
2.5% in 1095 days
$13,798
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 | $29,000 | $30,000 | $32,000 | $33,000 | $35,000 | $37,000 | $39,000 | $41,000 | $43,000 | $45,000 | $364,000 |
| rent income | - | - | - | $6,000 | $9,000 | $9,000 | $10,000 | $10,000 | $10,000 | $11,000 | $64,000 |
| mortgage principal reduction | - | - | - | $5,000 | $7,000 | $8,000 | $8,000 | $8,000 | $9,000 | $9,000 | $54,000 |
| deposit interest | $2,000 | $4,000 | $4,000 | $3,000 | - | - | - | - | - | - | $13,000 |
| gst hst rebate | - | - | - | $24,000 | - | - | - | - | - | - | $24,000 |
| total income return | $31,000 | $34,000 | $35,000 | $71,000 | $51,000 | $54,000 | $56,000 | $59,000 | $62,000 | $65,000 | $520,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $55,000 | $14,000 | - | $41,000 | - | - | - | - | - | - | $110,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | $47,000 | - | - | - | - | - | - | $47,000 |
| operating expense | - | - | - | $5,000 | $7,000 | $7,000 | $7,000 | $8,000 | $8,000 | $8,000 | $50,000 |
| mortgage payment | - | - | - | $18,000 | $27,000 | $27,000 | $27,000 | $27,000 | $27,000 | $27,000 | $179,000 |
| total expense investment | $55,000 | $14,000 | - | $110,000 | $34,000 | $34,000 | $34,000 | $35,000 | $35,000 | $35,000 | $386,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$24,162 | $21,000 | $35,000 | -$39,407 | $17,000 | $20,000 | $22,000 | $25,000 | $27,000 | $30,000 | $134,000 |
| cumulative roi | $56 | $95 | $146 | $105 | $114 | $122 | $129 | $136 | $142 | $149 | $1,000 |
Corktown Condos
Address: Hamilton, Ontario
Price Range: $330,000 - $799,000
Avail. suites: 24
0—2.5 bd
302—864 SqFt