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
$600,900
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
22.65%
Cumulative Return on Investment in Year 5
109.71%
Property Price at the End of Year 5
$774,000
Deposit Schedule
$5,000 at Signing
Total up to 2.5% in 30 days
$15,023
2.5% in 60 days
$15,023
2.5% in 120 days
$15,023
2.5% in 180 days
$15,023
10% on Occupancy
$60,090
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 | $31,000 | $33,000 | $35,000 | $36,000 | $38,000 | $40,000 | $42,000 | $45,000 | $47,000 | $49,000 | $397,000 |
| rent income | - | - | $13,000 | $22,000 | $23,000 | $24,000 | $25,000 | $26,000 | $27,000 | $28,000 | $189,000 |
| mortgage principal reduction | - | - | $4,000 | $8,000 | $8,000 | $8,000 | $9,000 | $9,000 | $10,000 | $10,000 | $66,000 |
| deposit interest | $3,000 | $3,000 | $1,000 | - | - | - | - | - | - | - | $7,000 |
| gst hst rebate | - | - | $24,000 | - | - | - | - | - | - | - | $24,000 |
| total income return | $34,000 | $36,000 | $77,000 | $66,000 | $69,000 | $73,000 | $76,000 | $80,000 | $84,000 | $88,000 | $682,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $60,000 | - | $60,000 | - | - | - | - | - | - | - | $120,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | $49,000 | - | - | - | - | - | - | - | $49,000 |
| operating expense | - | - | $5,000 | $9,000 | $9,000 | $9,000 | $10,000 | $10,000 | $10,000 | $10,000 | $73,000 |
| mortgage payment | - | - | $18,000 | $30,000 | $30,000 | $30,000 | $30,000 | $30,000 | $30,000 | $30,000 | $228,000 |
| total expense investment | $60,000 | - | $132,000 | $39,000 | $39,000 | $40,000 | $40,000 | $40,000 | $40,000 | $40,000 | $470,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$26,326 | $36,000 | -$55,167 | $27,000 | $30,000 | $33,000 | $36,000 | $40,000 | $44,000 | $47,000 | $212,000 |
| cumulative roi | $56 | $116 | $78 | $95 | $110 | $124 | $138 | $152 | $166 | $181 | $1,000 |
Corktown Condos
Address: Hamilton, Ontario
Price Range: $335,000 - $801,000
Avail. suites: 23
0—2.5 bd
302—864 SqFt