Suite number:
1016 - 1B+D-10-B
Project:
Address:
Hamilton, Ontario
Developer:
Slate Asset Management
Property type:
condo
Bathrooms:
1
Bedrooms:
1.5
Size:
617 sqft
Occupancy Date:
Mar 2028
Price, CAD
$570,900
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
23.88%
Cumulative Return on Investment in Year 5
116.73%
Property Price at the End of Year 5
$735,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in 30 days
$28,545
2.5% in 90 days
$14,273
2.5% in 150 days
$14,273
2.5% in 720 days
$14,273
2.5% in 1095 days
$14,273
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 | $30,000 | $31,000 | $33,000 | $35,000 | $36,000 | $38,000 | $40,000 | $42,000 | $45,000 | $47,000 | $377,000 |
| rent income | - | - | - | $8,000 | $13,000 | $13,000 | $14,000 | $15,000 | $15,000 | $16,000 | $94,000 |
| mortgage principal reduction | - | - | - | $5,000 | $8,000 | $8,000 | $8,000 | $9,000 | $9,000 | $10,000 | $56,000 |
| deposit interest | $2,000 | $4,000 | $4,000 | $3,000 | - | - | - | - | - | - | $14,000 |
| gst hst rebate | - | - | - | $24,000 | - | - | - | - | - | - | $24,000 |
| total income return | $32,000 | $35,000 | $37,000 | $75,000 | $57,000 | $60,000 | $62,000 | $66,000 | $69,000 | $72,000 | $564,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $57,000 | $14,000 | - | $43,000 | - | - | - | - | - | - | $114,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | $47,000 | - | - | - | - | - | - | $47,000 |
| operating expense | - | - | - | $5,000 | $8,000 | $8,000 | $9,000 | $9,000 | $9,000 | $9,000 | $58,000 |
| mortgage payment | - | - | - | $19,000 | $28,000 | $28,000 | $28,000 | $28,000 | $28,000 | $28,000 | $185,000 |
| total expense investment | $57,000 | $14,000 | - | $114,000 | $36,000 | $36,000 | $36,000 | $37,000 | $37,000 | $37,000 | $404,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$24,994 | $21,000 | $37,000 | -$38,538 | $21,000 | $23,000 | $26,000 | $29,000 | $32,000 | $35,000 | $160,000 |
| cumulative roi | $56 | $95 | $146 | $106 | $117 | $126 | $135 | $143 | $152 | $160 | $1,000 |
Corktown Condos
Address: Hamilton, Ontario
Price Range: $330,000 - $799,000
Avail. suites: 24
0—2.5 bd
302—864 SqFt