Suite number:
408-B8 W
Project:
Address:
Richmond, British Columbia
Developer:
Canderel Residential Inc.
Property type:
condo
Bathrooms:
2
Bedrooms:
2
Size:
1118 sqft
Occupancy Date:
Jun 2025
Price, CAD
$970,900
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
21.74%
Cumulative Return on Investment in Year 5
98.46%
Property Price at the End of Year 5
$1,251,000
Deposit Schedule
$10,000 at Signing
Total up to 5% in 7 days
$48,545
5% on Occupancy
$48,545
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 | $50,000 | $53,000 | $56,000 | $59,000 | $62,000 | $65,000 | $68,000 | $72,000 | $76,000 | $80,000 | $641,000 |
| rent income | $14,000 | $33,000 | $35,000 | $36,000 | $38,000 | $39,000 | $41,000 | $43,000 | $45,000 | $47,000 | $370,000 |
| mortgage principal reduction | $5,000 | $13,000 | $13,000 | $14,000 | $15,000 | $15,000 | $16,000 | $17,000 | $17,000 | $18,000 | $144,000 |
| deposit interest | $1,000 | - | - | - | - | - | - | - | - | - | $1,000 |
| gst hst rebate | $5,000 | - | - | - | - | - | - | - | - | - | $5,000 |
| total income return | $76,000 | $99,000 | $104,000 | $109,000 | $114,000 | $120,000 | $125,000 | $132,000 | $138,000 | $145,000 | $1,161,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $97,000 | - | - | - | - | - | - | - | - | - | $97,000 |
| remaining balance payment | $97,000 | - | - | - | - | - | - | - | - | - | $97,000 |
| closing cost | $37,000 | - | - | - | - | - | - | - | - | - | $37,000 |
| operating expense | $6,000 | $15,000 | $16,000 | $16,000 | $17,000 | $17,000 | $18,000 | $19,000 | $19,000 | $20,000 | $164,000 |
| mortgage payment | $20,000 | $47,000 | $47,000 | $47,000 | $47,000 | $47,000 | $47,000 | $47,000 | $47,000 | $47,000 | $445,000 |
| total expense investment | $258,000 | $63,000 | $63,000 | $64,000 | $64,000 | $65,000 | $65,000 | $66,000 | $66,000 | $67,000 | $840,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$182,077 | $37,000 | $41,000 | $45,000 | $50,000 | $55,000 | $60,000 | $66,000 | $72,000 | $78,000 | $321,000 |
| cumulative roi | $26 | $47 | $66 | $83 | $98 | $113 | $127 | $141 | $155 | $170 | $1,000 |
Luxe on Lansdowne
Address: Richmond, British Columbia
Price Range: $928,000 - $981,000
Avail. suites: 9
2 bd
932—1118 SqFt