Suite number:
Podium Suites 52
Project:
Address:
Oshawa, Ontario
Developer:
Tribute Communities
Property type:
condo
Bathrooms:
2
Bedrooms:
2
Size:
678 sqft
Occupancy Date:
Jan 2025
Price, CAD
$712,000
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
17.22%
Cumulative Return on Investment in Year 5
85.03%
Property Price at the End of Year 5
$917,000
Deposit Schedule
$10,000 at Signing
Total up to 5% in 30 days
$35,600
1% on Occupancy
$7,120
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 | $37,000 | $39,000 | $41,000 | $43,000 | $45,000 | $48,000 | $50,000 | $53,000 | $56,000 | $58,000 | $470,000 |
| rent income | $11,000 | $13,000 | $14,000 | $15,000 | $15,000 | $16,000 | $17,000 | $17,000 | $18,000 | $19,000 | $155,000 |
| mortgage principal reduction | $8,000 | $10,000 | $10,000 | $10,000 | $11,000 | $11,000 | $12,000 | $12,000 | $13,000 | $14,000 | $111,000 |
| deposit interest | $54 | - | - | - | - | - | - | - | - | - | $54 |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $79,000 | $62,000 | $65,000 | $68,000 | $72,000 | $75,000 | $79,000 | $83,000 | $87,000 | $91,000 | $760,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $43,000 | - | - | - | - | - | - | - | - | - | $43,000 |
| remaining balance payment | $100,000 | - | - | - | - | - | - | - | - | - | $100,000 |
| closing cost | $50,000 | - | - | - | - | - | - | - | - | - | $50,000 |
| operating expense | $6,000 | $8,000 | $8,000 | $8,000 | $8,000 | $9,000 | $9,000 | $9,000 | $9,000 | $10,000 | $84,000 |
| mortgage payment | $29,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $341,000 |
| total expense investment | $227,000 | $42,000 | $42,000 | $43,000 | $43,000 | $43,000 | $43,000 | $44,000 | $44,000 | $44,000 | $616,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$147,702 | $20,000 | $23,000 | $25,000 | $29,000 | $32,000 | $35,000 | $39,000 | $43,000 | $47,000 | $144,000 |
| cumulative roi | $32 | $48 | $62 | $74 | $85 | $95 | $105 | $114 | $123 | $132 | $870 |
U.C. Tower 3
Address: Oshawa, Ontario
Price Range: $478,000 - $908,000
Avail. suites: 16
0—3 bd
363—960 SqFt