Suite number:
609 B8 W
Project:
Address:
Richmond, British Columbia
Developer:
Canderel Residential Inc.
Property type:
condo
Bathrooms:
2
Bedrooms:
2
Size:
1113 sqft
Occupancy Date:
Jun 2025
Price, CAD
$980,900
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
23.14%
Cumulative Return on Investment in Year 5
104.44%
Property Price at the End of Year 5
$1,264,000
Deposit Schedule
$10,000 at Signing
Total up to 5% in 7 days
$39,045
5% on Occupancy
$49,045
Net Gain (Loss)
Get Expert Advice
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 | $51,000 | $54,000 | $56,000 | $59,000 | $62,000 | $66,000 | $69,000 | $73,000 | $77,000 | $80,000 | $647,000 |
| rent income | $8,000 | $33,000 | $34,000 | $36,000 | $37,000 | $39,000 | $41,000 | $42,000 | $44,000 | $46,000 | $361,000 |
| mortgage principal reduction | $3,000 | $14,000 | $15,000 | $15,000 | $16,000 | $16,000 | $17,000 | $18,000 | $18,000 | $19,000 | $152,000 |
| deposit interest | $2,000 | - | - | - | - | - | - | - | - | - | $2,000 |
| gst hst rebate | $5,000 | - | - | - | - | - | - | - | - | - | $5,000 |
| total income return | $70,000 | $101,000 | $105,000 | $110,000 | $116,000 | $121,000 | $127,000 | $133,000 | $139,000 | $146,000 | $1,167,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $98,000 | - | - | - | - | - | - | - | - | - | $98,000 |
| remaining balance payment | $98,000 | - | - | - | - | - | - | - | - | - | $98,000 |
| closing cost | $38,000 | - | - | - | - | - | - | - | - | - | $38,000 |
| operating expense | $4,000 | $15,000 | $15,000 | $16,000 | $16,000 | $17,000 | $17,000 | $18,000 | $19,000 | $19,000 | $156,000 |
| mortgage payment | $11,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $45,000 | $416,000 |
| total expense investment | $249,000 | $60,000 | $60,000 | $61,000 | $61,000 | $62,000 | $62,000 | $63,000 | $63,000 | $64,000 | $806,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$178,991 | $41,000 | $45,000 | $49,000 | $54,000 | $59,000 | $64,000 | $70,000 | $76,000 | $82,000 | $361,000 |
| cumulative roi | $26 | $49 | $69 | $87 | $104 | $121 | $136 | $152 | $167 | $183 | $1,000 |
Located at Lansdowne and No. 3 Rd., in the middle of the new Downtown Richmond, you’ll be at the heart of it all — a vibrant and flourishing modern community with unlimited possibility. Luxe holds a special position in Richmond and will establish a n...
Address: Richmond, British Columbia
Price Range: $928,000 - $981,000
Avail. suites: 10
2 bd
932—1118 SqFt