Suite number:
2211 - 1B+D-12
Project:
Address:
Hamilton, Ontario
Developer:
Slate Asset Management
Property type:
condo
Bathrooms:
2
Bedrooms:
1.5
Size:
639 sqft
Occupancy Date:
Mar 2028
Price, CAD
$678,900
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
24.46%
Cumulative Return on Investment in Year 5
117.42%
Property Price at the End of Year 5
$875,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in 30 days
$33,945
2.5% in 90 days
$16,973
2.5% in 150 days
$16,973
2.5% in 720 days
$16,973
2.5% in 1095 days
$16,973
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 | $35,000 | $37,000 | $39,000 | $41,000 | $43,000 | $45,000 | $48,000 | $50,000 | $53,000 | $56,000 | $448,000 |
| rent income | - | - | - | $9,000 | $13,000 | $14,000 | $14,000 | $15,000 | $16,000 | $16,000 | $97,000 |
| mortgage principal reduction | - | - | - | $6,000 | $9,000 | $9,000 | $10,000 | $10,000 | $11,000 | $11,000 | $67,000 |
| deposit interest | $3,000 | $5,000 | $4,000 | $4,000 | - | - | - | - | - | - | $16,000 |
| gst hst rebate | - | - | - | $24,000 | - | - | - | - | - | - | $24,000 |
| total income return | $38,000 | $42,000 | $43,000 | $83,000 | $66,000 | $69,000 | $72,000 | $76,000 | $79,000 | $83,000 | $652,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $68,000 | $17,000 | - | $51,000 | - | - | - | - | - | - | $136,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | $49,000 | - | - | - | - | - | - | $49,000 |
| operating expense | - | - | - | $6,000 | $9,000 | $9,000 | $9,000 | $10,000 | $10,000 | $10,000 | $62,000 |
| mortgage payment | - | - | - | $22,000 | $33,000 | $33,000 | $33,000 | $33,000 | $33,000 | $33,000 | $220,000 |
| total expense investment | $68,000 | $17,000 | - | $128,000 | $42,000 | $42,000 | $42,000 | $43,000 | $43,000 | $43,000 | $467,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$29,727 | $25,000 | $43,000 | -$44,293 | $24,000 | $27,000 | $30,000 | $33,000 | $37,000 | $40,000 | $185,000 |
| cumulative roi | $56 | $95 | $146 | $107 | $117 | $126 | $135 | $143 | $151 | $158 | $1,000 |
Corktown Condos
Address: Hamilton, Ontario
Price Range: $330,000 - $799,000
Avail. suites: 24
0—2.5 bd
302—864 SqFt