Suite number:
308 Soundbite
Project:
Address:
Hamilton, Ontario
Developer:
Canlight Realty Corp.
Property type:
condo
Bathrooms:
1
Bedrooms:
0
Size:
485 sqft
Occupancy Date:
Jul 2025
Price, CAD
$546,990
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
16.83%
Cumulative Return on Investment in Year 5
83.89%
Property Price at the End of Year 5
$705,000
Deposit Schedule
$5,500 at Signing
Total up to 2.5% in 0 days
$13,675
5% in 120 days
$21,850
5% on Occupancy
$27,350
Net Gain (Loss)
Get Expert Advice
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 | $28,000 | $30,000 | $31,000 | $33,000 | $35,000 | $37,000 | $39,000 | $41,000 | $43,000 | $45,000 | $361,000 |
| rent income | $1,000 | $6,000 | $6,000 | $6,000 | $7,000 | $7,000 | $7,000 | $8,000 | $8,000 | $8,000 | $65,000 |
| mortgage principal reduction | $2,000 | $8,000 | $8,000 | $8,000 | $9,000 | $9,000 | $10,000 | $10,000 | $10,000 | $11,000 | $85,000 |
| deposit interest | $723 | - | - | - | - | - | - | - | - | - | $723 |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $56,000 | $44,000 | $46,000 | $48,000 | $50,000 | $53,000 | $55,000 | $58,000 | $61,000 | $64,000 | $535,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $68,000 | - | - | - | - | - | - | - | - | - | $68,000 |
| remaining balance payment | $41,000 | - | - | - | - | - | - | - | - | - | $41,000 |
| closing cost | $46,000 | - | - | - | - | - | - | - | - | - | $46,000 |
| operating expense | $1,000 | $6,000 | $6,000 | $6,000 | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | $8,000 | $62,000 |
| mortgage payment | $6,000 | $25,000 | $25,000 | $25,000 | $25,000 | $25,000 | $25,000 | $25,000 | $25,000 | $25,000 | $232,000 |
| total expense investment | $164,000 | $31,000 | $31,000 | $31,000 | $32,000 | $32,000 | $32,000 | $32,000 | $32,000 | $33,000 | $450,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$107,105 | $13,000 | $15,000 | $17,000 | $19,000 | $21,000 | $23,000 | $26,000 | $28,000 | $31,000 | $85,000 |
| cumulative roi | $35 | $50 | $63 | $74 | $84 | $93 | $101 | $109 | $116 | $123 | $847 |
There’s a certain synchronicity to life at Radio Arts. Amenities that anticipate and fulfill a need. A harmony of people and place. A home that’s both an oasis and a convergence. Radio Arts is in tune with living life to the fullest, whether at home,...
Address: Hamilton, Ontario
Price Range: $477,000 - $721,000
Avail. suites: 27
0—3 bd
363—1020 SqFt