Suite number:
216
Project:
Address:
Grimsby, Ontario
Developer:
DeSantis Homes
Property type:
condo
Bathrooms:
1
Bedrooms:
1.5
Size:
680 sqft
Occupancy Date:
Mar 2026
Price, CAD
$699,990
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
21.72%
Cumulative Return on Investment in Year 5
103.53%
Property Price at the End of Year 5
$902,000
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 | $36,000 | $38,000 | $40,000 | $42,000 | $45,000 | $47,000 | $49,000 | $52,000 | $55,000 | $57,000 | $462,000 |
| rent income | - | $16,000 | $25,000 | $26,000 | $27,000 | $28,000 | $29,000 | $30,000 | $32,000 | $33,000 | $245,000 |
| mortgage principal reduction | - | $6,000 | $9,000 | $10,000 | $10,000 | $11,000 | $11,000 | $12,000 | $12,000 | $13,000 | $94,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | - | $24,000 | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $36,000 | $84,000 | $74,000 | $78,000 | $81,000 | $85,000 | $90,000 | $94,000 | $98,000 | $103,000 | $824,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | - | - | - | - | - | - | - | - | - | - | - |
| remaining balance payment | - | $140,000 | - | - | - | - | - | - | - | - | $140,000 |
| closing cost | - | $49,000 | - | - | - | - | - | - | - | - | $49,000 |
| operating expense | - | $6,000 | $9,000 | $9,000 | $9,000 | $9,000 | $10,000 | $10,000 | $10,000 | $11,000 | $82,000 |
| mortgage payment | - | $23,000 | $34,000 | $34,000 | $34,000 | $34,000 | $34,000 | $34,000 | $34,000 | $34,000 | $295,000 |
| total expense investment | - | $218,000 | $43,000 | $43,000 | $43,000 | $43,000 | $44,000 | $44,000 | $44,000 | $45,000 | $567,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $36,000 | -$133,584 | $32,000 | $35,000 | $38,000 | $42,000 | $46,000 | $50,000 | $54,000 | $58,000 | $257,000 |
| cumulative roi | - | $52 | $71 | $88 | $104 | $119 | $134 | $149 | $165 | $181 | $1,000 |
Century Condos
Address: Grimsby, Ontario
Price Range: $574,000 - $1,250,000
Avail. suites: 17
1—3 bd
490—1310 SqFt