Suite number:
509 B8 W
Project:
Address:
Richmond, British Columbia
Developer:
Canderel Residential Inc.
Property type:
condo
Bathrooms:
2
Bedrooms:
2
Size:
1116 sqft
Occupancy Date:
Jun 2025
$975,900
Available
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
23.19%
Cumulative Return on Investment in Year 5
104.64%
Property Price at the End of Year 5
$1,257,000
Deposit Schedule
$10,000 at Signing
Total up to 5% in 7 days
$38,795
5% on Occupancy
$48,795
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 | $51,000 | $53,000 | $56,000 | $59,000 | $62,000 | $65,000 | $69,000 | $72,000 | $76,000 | $80,000 | $644,000 |
rent income | $8,000 | $33,000 | $34,000 | $36,000 | $37,000 | $39,000 | $41,000 | $42,000 | $44,000 | $46,000 | $362,000 |
mortgage principal reduction | $3,000 | $14,000 | $14,000 | $15,000 | $16,000 | $16,000 | $17,000 | $18,000 | $18,000 | $19,000 | $151,000 |
deposit interest | $2,000 | - | - | - | - | - | - | - | - | - | $2,000 |
gst hst rebate | $5,000 | - | - | - | - | - | - | - | - | - | $5,000 |
total income return | $69,000 | $100,000 | $105,000 | $110,000 | $115,000 | $121,000 | $126,000 | $132,000 | $139,000 | $145,000 | $1,164,000 |
Expense/ Investment
Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
---|---|---|---|---|---|---|---|---|---|---|---|
deposit | $98,000 | - | - | - | - | - | - | - | - | - | $98,000 |
remaining balance payment | $98,000 | - | - | - | - | - | - | - | - | - | $98,000 |
closing cost | $38,000 | - | - | - | - | - | - | - | - | - | $38,000 |
operating expense | $4,000 | $15,000 | $15,000 | $16,000 | $16,000 | $17,000 | $17,000 | $18,000 | $19,000 | $19,000 | $156,000 |
mortgage payment | $11,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $414,000 |
total expense investment | $248,000 | $60,000 | $60,000 | $61,000 | $61,000 | $62,000 | $62,000 | $63,000 | $63,000 | $64,000 | $803,000 |
Other
Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
---|---|---|---|---|---|---|---|---|---|---|---|
net gain loss | -$178,104 | $41,000 | $45,000 | $49,000 | $54,000 | $59,000 | $64,000 | $70,000 | $76,000 | $82,000 | $361,000 |
cumulative roi | $26 | $49 | $69 | $88 | $105 | $121 | $137 | $152 | $168 | $184 | $1,000 |
Located at Lansdowne and No. 3 Rd., in the middle of the new Downtown Richmond, you’ll be at the heart of it all — a vibrant and flourishing modern community with unlimited possibility. Luxe holds a special position in Richmond and will establish a n...
Address: Richmond, British Columbia
Price Range: $928,000 - $981,000
Avail. suites: 10
2 bd
932—1118 SqFt