Suite number:
J
Project:
Address:
Abbotsford, British Columbia
Developer:
Heinrichs Developments
Property type:
condo
Bathrooms:
2
Bedrooms:
2
Size:
1199 sqft
Occupancy Date:
Sep 2024
Price, CAD
$899,900
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
77.75%
Cumulative Return on Investment in Year 5
358.94%
Property Price at the End of Year 5
$1,159,000
Deposit Schedule
$5,000 at Signing
Total up to 10% in 7 days
$84,990
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 | $47,000 | $49,000 | $52,000 | $54,000 | $57,000 | $60,000 | $63,000 | $67,000 | $70,000 | $74,000 | $594,000 |
| rent income | $36,000 | $38,000 | $40,000 | $41,000 | $43,000 | $45,000 | $47,000 | $49,000 | $51,000 | $53,000 | $444,000 |
| mortgage principal reduction | $13,000 | $13,000 | $14,000 | $14,000 | $15,000 | $15,000 | $16,000 | $17,000 | $17,000 | $18,000 | $153,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | $5,000 | - | - | - | - | - | - | - | - | - | $5,000 |
| total income return | $101,000 | $100,000 | $105,000 | $110,000 | $115,000 | $121,000 | $126,000 | $132,000 | $139,000 | $145,000 | $1,195,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | - | - | - | - | - | - | - | - | - | - | - |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | - | - | - | - | - | - | - | - |
| operating expense | $16,000 | $17,000 | $17,000 | $18,000 | $19,000 | $19,000 | $20,000 | $20,000 | $21,000 | $22,000 | $189,000 |
| mortgage payment | $41,000 | $41,000 | $41,000 | $41,000 | $41,000 | $41,000 | $41,000 | $41,000 | $41,000 | $41,000 | $412,000 |
| total expense investment | $58,000 | $58,000 | $59,000 | $59,000 | $60,000 | $60,000 | $61,000 | $62,000 | $62,000 | $63,000 | $601,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $43,000 | $42,000 | $47,000 | $51,000 | $56,000 | $60,000 | $66,000 | $71,000 | $76,000 | $82,000 | $594,000 |
| cumulative roi | $332 | $321 | $329 | $342 | $359 | $378 | $400 | $424 | $452 | $483 | $4,000 |
Laurel on Mill Lake is inspired by its natural surroundings and industrial history. Contemporary lines and concrete are softened by wood and earthy tones, and rows of glass balconies resemble the shimmering surface of water. The result is a timeless ...
Address: Abbotsford, British Columbia
Price Range: $770,000 - $1,290,000
Avail. suites: 11
2—3 bd
1088—1776 SqFt