Suite number:
1BDQ/1BDR/1BDS
Project:
Address:
Milton, Ontario
Developer:
Mattamy Homes Canada
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
2
Size:
621 sqft
Occupancy Date:
Sep 2027
Price, CAD
$592,990
Available
ROI
15,97%
Monthly Expenses
- condo fees— $385
- property taxes— $148
- property management— $93
- repairs and maintenance— $47
Total: $673
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Investment Period: 5 years
Yearly Return on Investment in Year 5
22.17%
Cumulative Return on Investment in Year 5
104.96%
Property Price at the End of Year 5
$764,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in 30 days
$29,650
2.5% in 120 days
$14,825
2.5% in 240 days
$14,825
5% on Occupancy
$29,650
Net Gain (Loss)
- Net Gain Loss
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Property Price Appreciation
- 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 | $32,000 | $34,000 | $36,000 | $38,000 | $40,000 | $42,000 | $44,000 | $46,000 | $49,000 | $391,000 |
| rent income | - | - | $5,000 | $18,000 | $19,000 | $20,000 | $21,000 | $22,000 | $23,000 | $24,000 | $151,000 |
| mortgage principal reduction | - | - | $2,000 | $7,000 | $8,000 | $8,000 | $9,000 | $9,000 | $9,000 | $10,000 | $62,000 |
| deposit interest | -$1,575 | $3,000 | $2,000 | - | - | - | - | - | - | - | $4,000 |
| gst hst rebate | - | - | $24,000 | - | - | - | - | - | - | - | $24,000 |
| total income return | $29,000 | $36,000 | $67,000 | $62,000 | $65,000 | $68,000 | $71,000 | $75,000 | $78,000 | $82,000 | $632,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $59,000 | - | $30,000 | - | - | - | - | - | - | - | $89,000 |
| remaining balance payment | - | - | $30,000 | - | - | - | - | - | - | - | $30,000 |
| closing cost | - | - | $49,000 | - | - | - | - | - | - | - | $49,000 |
| operating expense | - | - | $2,000 | $8,000 | $8,000 | $9,000 | $9,000 | $9,000 | $9,000 | $9,000 | $63,000 |
| mortgage payment | - | - | $7,000 | $30,000 | $30,000 | $30,000 | $30,000 | $30,000 | $30,000 | $30,000 | $215,000 |
| total expense investment | $59,000 | - | $118,000 | $38,000 | $38,000 | $38,000 | $38,000 | $39,000 | $39,000 | $39,000 | $446,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$30,127 | $36,000 | -$50,985 | $24,000 | $27,000 | $30,000 | $33,000 | $36,000 | $39,000 | $43,000 | $186,000 |
| cumulative roi | $52 | $109 | $76 | $91 | $105 | $118 | $130 | $142 | $154 | $166 | $1,000 |
The Laurels
Address: Milton, Ontario
Price Range: $507,000 - $796,000
Avail. suites: 22
1—2.5 bd
503—803 SqFt
Proforma Calculator
80% of Original Price
Options for changing mortgage terms
The rental rate per square foot.