Suite number:
517
Address:
Oakville, Ontario
Developer:
Minto Communities
Property type:
condo
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
23.47%
Cumulative Return on Investment in Year 5
113.12%
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 | - | - | - | $10,000 | $13,000 | $13,000 | $14,000 | $14,000 | $15,000 | $15,000 | $94,000 |
| mortgage principal reduction | - | - | - | $7,000 | $8,000 | $9,000 | $9,000 | $9,000 | $10,000 | $10,000 | $62,000 |
| deposit interest | $2,000 | $5,000 | $5,000 | $514 | - | - | - | - | - | - | $12,000 |
| gst hst rebate | - | - | - | $24,000 | - | - | - | - | - | - | $24,000 |
| total income return | $33,000 | $38,000 | $40,000 | $78,000 | $60,000 | $62,000 | $66,000 | $69,000 | $72,000 | $76,000 | $594,000 |
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 | - | - | - | $48,000 | - | - | - | - | - | - | $48,000 |
| operating expense | - | - | - | $6,000 | $7,000 | $7,000 | $8,000 | $8,000 | $8,000 | $8,000 | $52,000 |
| mortgage payment | - | - | - | $25,000 | $30,000 | $30,000 | $30,000 | $30,000 | $30,000 | $30,000 | $203,000 |
| total expense investment | $61,000 | $30,000 | - | $109,000 | $37,000 | $37,000 | $37,000 | $38,000 | $38,000 | $38,000 | $425,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$27,615 | $8,000 | $40,000 | -$30,657 | $23,000 | $25,000 | $28,000 | $31,000 | $34,000 | $38,000 | $169,000 |
| cumulative roi | $55 | $78 | $122 | $102 | $113 | $123 | $132 | $141 | $150 | $158 | $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