Suite number:
517
Address:
Oakville, Ontario
Developer:
Minto Communities
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
1
Size:
517 sqft
Occupancy Date:
Jan 2028
Price, CAD
$609,900
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
22.57%
Cumulative Return on Investment in Year 5
108.74%
Property Price at the End of Year 5
$786,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in 30 days
$30,495
5% in 300 days
$30,495
5% in 670 days
$30,495
5% on Occupancy
$30,495
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 | $32,000 | $33,000 | $35,000 | $37,000 | $39,000 | $41,000 | $43,000 | $45,000 | $48,000 | $50,000 | $403,000 |
| rent income | - | - | - | $11,000 | $13,000 | $13,000 | $14,000 | $14,000 | $15,000 | $16,000 | $95,000 |
| mortgage principal reduction | - | - | - | $7,000 | $8,000 | $8,000 | $9,000 | $9,000 | $10,000 | $10,000 | $60,000 |
| deposit interest | $558 | $5,000 | $5,000 | $117 | - | - | - | - | - | - | $10,000 |
| gst hst rebate | - | - | - | $24,000 | - | - | - | - | - | - | $24,000 |
| total income return | $32,000 | $38,000 | $40,000 | $79,000 | $59,000 | $62,000 | $65,000 | $69,000 | $72,000 | $76,000 | $592,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $61,000 | $30,000 | - | $30,000 | - | - | - | - | - | - | $122,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | $49,000 | - | - | - | - | - | - | $49,000 |
| operating expense | - | - | - | $6,000 | $7,000 | $7,000 | $7,000 | $8,000 | $8,000 | $8,000 | $52,000 |
| mortgage payment | - | - | - | $28,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $31,000 | $211,000 |
| total expense investment | $61,000 | $30,000 | - | $114,000 | $38,000 | $38,000 | $38,000 | $38,000 | $38,000 | $39,000 | $434,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$28,808 | $8,000 | $40,000 | -$35,049 | $22,000 | $24,000 | $27,000 | $30,000 | $34,000 | $37,000 | $158,000 |
| cumulative roi | $53 | $77 | $121 | $98 | $109 | $118 | $127 | $136 | $144 | $152 | $1,000 |
North Oak Tower Condos at Oakvillage
Address: Oakville, Ontario
Price Range: $588,000 - $991,000
Avail. suites: 45
1—2.5 bd
490—980 SqFt