Suite number:
G1
Project:
Address:
Penticton, British Columbia
Developer:
Tien Sher Group
Property type:
condo
Bathrooms:
2
Bedrooms:
2
Size:
805 sqft
Occupancy Date:
Dec 2027
Price, CAD
$500,000
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
26.28%
Cumulative Return on Investment in Year 5
113.75%
Property Price at the End of Year 5
$644,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in 30 days
$20,000
5% on Occupancy
$25,000
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 | $26,000 | $27,000 | $29,000 | $30,000 | $32,000 | $33,000 | $35,000 | $37,000 | $39,000 | $41,000 | $330,000 |
| rent income | - | - | - | $10,000 | $14,000 | $15,000 | $15,000 | $16,000 | $17,000 | $17,000 | $104,000 |
| mortgage principal reduction | - | - | - | $5,000 | $7,000 | $8,000 | $8,000 | $8,000 | $9,000 | $9,000 | $53,000 |
| deposit interest | $2,000 | $3,000 | $3,000 | $533 | - | - | - | - | - | - | $8,000 |
| gst hst rebate | - | - | - | $5,000 | - | - | - | - | - | - | $5,000 |
| total income return | $28,000 | $30,000 | $31,000 | $51,000 | $53,000 | $56,000 | $58,000 | $61,000 | $64,000 | $67,000 | $500,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $50,000 | - | - | - | - | - | - | - | - | - | $50,000 |
| remaining balance payment | - | - | - | $50,000 | - | - | - | - | - | - | $50,000 |
| closing cost | - | - | - | $28,000 | - | - | - | - | - | - | $28,000 |
| operating expense | - | - | - | $6,000 | $8,000 | $8,000 | $9,000 | $9,000 | $9,000 | $9,000 | $58,000 |
| mortgage payment | - | - | - | $17,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $155,000 |
| total expense investment | $50,000 | - | - | $101,000 | $31,000 | $31,000 | $31,000 | $32,000 | $32,000 | $32,000 | $341,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$22,213 | $30,000 | $31,000 | -$49,836 | $22,000 | $24,000 | $27,000 | $29,000 | $32,000 | $35,000 | $159,000 |
| cumulative roi | $56 | $115 | $178 | $99 | $114 | $127 | $140 | $151 | $163 | $174 | $1,000 |
Innovation District’s inaugural residential building, Nikola, presents the first opportunity to call this master-planned community home. Spanning six stories and featuring an incredible rooftop deck with lake views, Nikola offers 127 homes ranging fr...
Address: Penticton, British Columbia
Price Range: $279,000 - $600,000
Avail. suites: 16
0—3 bd
390—1055 SqFt