Suite number:
508 - 1K
Project:
Address:
Hamilton, Ontario
Developer:
Matrix Development Group
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
1
Size:
547 sqft
Occupancy Date:
Apr 2024
Price, CAD
$449,000
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
31.73%
Cumulative Return on Investment in Year 5
149.62%
Property Price at the End of Year 5
$578,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in 30 days
$22,450
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 | $23,000 | $25,000 | $26,000 | $27,000 | $29,000 | $30,000 | $32,000 | $33,000 | $35,000 | $37,000 | $296,000 |
| rent income | - | - | - | - | - | - | - | - | - | - | - |
| mortgage principal reduction | $12,000 | $6,000 | $6,000 | $7,000 | $7,000 | $7,000 | $8,000 | $8,000 | $9,000 | $9,000 | $80,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | - | - | - | - | - | - | - | - | - | - | - |
| total income return | $36,000 | $31,000 | $32,000 | $34,000 | $36,000 | $38,000 | $39,000 | $41,000 | $44,000 | $46,000 | $376,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | - | - | - | - | - | - | - | - | - | - | - |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | - | - | - | - | - | - | - | - |
| operating expense | - | - | - | - | - | - | - | - | - | - | - |
| mortgage payment | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 | $225,000 |
| total expense investment | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 | $22,000 | $225,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $13,000 | $8,000 | $10,000 | $11,000 | $13,000 | $15,000 | $17,000 | $19,000 | $21,000 | $23,000 | $151,000 |
| cumulative roi | $158 | $148 | $146 | $147 | $150 | $152 | $156 | $159 | $163 | $167 | $2,000 |
Westgate on Main
Address: Hamilton, Ontario
Price Range: $335,000 - $549,000
Avail. suites: 11
0—2.5 bd
315—800 SqFt