Suite number:
1107 - Radar
Project:
Address:
Hamilton, Ontario
Developer:
Canlight Realty Corp.
Property type:
condo
Bathrooms:
1
Bedrooms:
1
Size:
695 sqft
Occupancy Date:
Jul 2025
Price, CAD
$713,990
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
16.69%
Cumulative Return on Investment in Year 5
81.49%
Property Price at the End of Year 5
$920,000
Deposit Schedule
$5,500 at Signing
Total up to 5% in 120 days
$35,700
2.5% in 139 days
$17,850
5% on Occupancy
$35,700
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 | $37,000 | $39,000 | $41,000 | $43,000 | $45,000 | $48,000 | $50,000 | $53,000 | $56,000 | $59,000 | $471,000 |
| rent income | $5,000 | $11,000 | $12,000 | $12,000 | $13,000 | $13,000 | $14,000 | $15,000 | $15,000 | $16,000 | $126,000 |
| mortgage principal reduction | $4,000 | $9,000 | $9,000 | $10,000 | $10,000 | $11,000 | $11,000 | $12,000 | $13,000 | $13,000 | $102,000 |
| deposit interest | $521 | - | - | - | - | - | - | - | - | - | $521 |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $70,000 | $59,000 | $62,000 | $65,000 | $69,000 | $72,000 | $76,000 | $80,000 | $83,000 | $88,000 | $724,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $89,000 | - | - | - | - | - | - | - | - | - | $89,000 |
| remaining balance payment | $54,000 | - | - | - | - | - | - | - | - | - | $54,000 |
| closing cost | $51,000 | - | - | - | - | - | - | - | - | - | $51,000 |
| operating expense | $4,000 | $9,000 | $9,000 | $9,000 | $9,000 | $9,000 | $10,000 | $10,000 | $10,000 | $10,000 | $88,000 |
| mortgage payment | $15,000 | $36,000 | $36,000 | $36,000 | $36,000 | $36,000 | $36,000 | $36,000 | $36,000 | $36,000 | $337,000 |
| total expense investment | $212,000 | $44,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $46,000 | $46,000 | $46,000 | $619,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$142,679 | $15,000 | $18,000 | $21,000 | $24,000 | $27,000 | $30,000 | $34,000 | $38,000 | $42,000 | $106,000 |
| cumulative roi | $32 | $48 | $61 | $72 | $81 | $90 | $99 | $107 | $115 | $122 | $826 |
Radio Arts
Address: Hamilton, Ontario
Price Range: $477,000 - $721,000
Avail. suites: 29
0—3 bd
363—1020 SqFt