Suite number:
609-B8 W
Project:
Address:
Richmond, British Columbia
Developer:
Canderel Residential Inc.
Property type:
condo
Floor plan:
Bathrooms:
2
Bedrooms:
2
Size:
858 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
19.63%
Cumulative Return on Investment in Year 5
89.20%
Property Price at the End of Year 5
$1,264,000
Deposit Schedule
$10,000 at Signing
Total up to 5% in 7 days
$49,045
5% on Occupancy
$49,045
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 | $51,000 | $54,000 | $56,000 | $59,000 | $62,000 | $66,000 | $69,000 | $73,000 | $77,000 | $80,000 | $647,000 |
| rent income | $15,000 | $26,000 | $27,000 | $28,000 | $29,000 | $30,000 | $32,000 | $33,000 | $35,000 | $36,000 | $290,000 |
| mortgage principal reduction | $7,000 | $12,000 | $13,000 | $14,000 | $14,000 | $15,000 | $16,000 | $17,000 | $17,000 | $18,000 | $143,000 |
| deposit interest | $756 | - | - | - | - | - | - | - | - | - | $756 |
| gst hst rebate | $5,000 | - | - | - | - | - | - | - | - | - | $5,000 |
| total income return | $78,000 | $92,000 | $96,000 | $101,000 | $106,000 | $111,000 | $117,000 | $122,000 | $128,000 | $135,000 | $1,087,000 |
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 | $39,000 | - | - | - | - | - | - | - | - | - | $39,000 |
| operating expense | $7,000 | $13,000 | $13,000 | $13,000 | $13,000 | $14,000 | $14,000 | $14,000 | $15,000 | $15,000 | $131,000 |
| mortgage payment | $29,000 | $49,000 | $49,000 | $49,000 | $49,000 | $49,000 | $49,000 | $49,000 | $49,000 | $49,000 | $471,000 |
| total expense investment | $271,000 | $62,000 | $62,000 | $62,000 | $63,000 | $63,000 | $63,000 | $63,000 | $64,000 | $64,000 | $837,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$192,913 | $30,000 | $34,000 | $39,000 | $43,000 | $48,000 | $54,000 | $59,000 | $65,000 | $71,000 | $250,000 |
| cumulative roi | $25 | $45 | $62 | $76 | $89 | $101 | $113 | $124 | $136 | $147 | $918 |
Luxe on Lansdowne
Address: Richmond, British Columbia
Price Range: $928,000 - $981,000
Avail. suites: 9
2 bd
736—1087 SqFt