Suite number:
B2 514
Project:
Address:
Saanich Core, British Columbia
Developer:
Abstract Developments
Property type:
condo
Bathrooms:
1
Bedrooms:
1
Size:
579 sqft
Occupancy Date:
Mar 2025
$615,000
Available
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
20.12%
Cumulative Return on Investment in Year 5
91.81%
Property Price at the End of Year 5
$792,000
Deposit Schedule
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 | $32,000 | $34,000 | $35,000 | $37,000 | $39,000 | $41,000 | $43,000 | $46,000 | $48,000 | $50,000 | $406,000 |
rent income | $7,000 | $14,000 | $14,000 | $15,000 | $16,000 | $16,000 | $17,000 | $18,000 | $19,000 | $19,000 | $155,000 |
mortgage principal reduction | $4,000 | $9,000 | $9,000 | $10,000 | $10,000 | $10,000 | $11,000 | $11,000 | $12,000 | $12,000 | $98,000 |
deposit interest | - | - | - | - | - | - | - | - | - | - | - |
gst hst rebate | $5,000 | - | - | - | - | - | - | - | - | - | $5,000 |
total income return | $48,000 | $56,000 | $59,000 | $62,000 | $65,000 | $68,000 | $71,000 | $75,000 | $78,000 | $82,000 | $664,000 |
Expense/ Investment
Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
---|---|---|---|---|---|---|---|---|---|---|---|
deposit | - | - | - | - | - | - | - | - | - | - | - |
remaining balance payment | $123,000 | - | - | - | - | - | - | - | - | - | $123,000 |
closing cost | $30,000 | - | - | - | - | - | - | - | - | - | $30,000 |
operating expense | $3,000 | $7,000 | $7,000 | $7,000 | $7,000 | $8,000 | $8,000 | $8,000 | $8,000 | $9,000 | $72,000 |
mortgage payment | $14,000 | $28,000 | $28,000 | $28,000 | $28,000 | $28,000 | $28,000 | $28,000 | $28,000 | $28,000 | $268,000 |
total expense investment | $171,000 | $35,000 | $35,000 | $35,000 | $36,000 | $36,000 | $36,000 | $36,000 | $37,000 | $37,000 | $493,000 |
Other
Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
---|---|---|---|---|---|---|---|---|---|---|---|
net gain loss | -$122,761 | $21,000 | $24,000 | $26,000 | $29,000 | $32,000 | $35,000 | $38,000 | $42,000 | $45,000 | $171,000 |
cumulative roi | $25 | $46 | $63 | $78 | $92 | $105 | $117 | $128 | $140 | $151 | $945 |
Well-situated in the Upper Quadra Neighbourhood, living at Cadence represents an opportunity to set roots in an established residential setting, nestled among leafy trees, and steps to parks, schools, recreation, and urban conveniences. Steps away f...
Address: Saanich Core, British Columbia
Price Range: $615,000 - $860,000
Avail. suites: 5
1—2.5 bd
579—1068 SqFt