Suite number:
1016 - 1B+D-10-B
Project:
Address:
Hamilton, Ontario
Developer:
Slate Asset Management
Property type:
condo
Floor plan:
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
24.11%
Cumulative Return on Investment in Year 5
116.05%
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 | - | - | - | $18,000 | $22,000 | $23,000 | $24,000 | $25,000 | $26,000 | $28,000 | $167,000 |
| mortgage principal reduction | - | - | - | $6,000 | $7,000 | $8,000 | $8,000 | $8,000 | $9,000 | $9,000 | $56,000 |
| deposit interest | -$2,041 | $4,000 | $4,000 | $3,000 | - | - | - | - | - | - | $9,000 |
| gst hst rebate | - | - | - | $24,000 | - | - | - | - | - | - | $24,000 |
| total income return | $28,000 | $35,000 | $37,000 | $85,000 | $66,000 | $69,000 | $73,000 | $76,000 | $80,000 | $84,000 | $632,000 |
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 | - | - | - | $48,000 | - | - | - | - | - | - | $48,000 |
| operating expense | - | - | - | $7,000 | $9,000 | $9,000 | $9,000 | $10,000 | $10,000 | $10,000 | $65,000 |
| mortgage payment | - | - | - | $24,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $195,000 |
| total expense investment | $57,000 | $14,000 | - | $122,000 | $38,000 | $38,000 | $38,000 | $38,000 | $38,000 | $39,000 | $423,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$29,528 | $21,000 | $37,000 | -$37,439 | $28,000 | $31,000 | $35,000 | $38,000 | $41,000 | $45,000 | $209,000 |
| cumulative roi | $52 | $88 | $140 | $100 | $116 | $131 | $145 | $160 | $174 | $189 | $1,000 |
Corktown Condos
Address: Hamilton, Ontario
Price Range: $330,000 - $799,000
Avail. suites: 24
0—2.5 bd
302—864 SqFt