Suite number:
302 On The Air
Project:
Address:
Hamilton, Ontario
Developer:
Canlight Realty Corp.
Property type:
condo
Bathrooms:
1
Bedrooms:
1
Size:
546 sqft
Occupancy Date:
Jul 2025
Price, CAD
$627,990
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
17.65%
Cumulative Return on Investment in Year 5
86.73%
Property Price at the End of Year 5
$809,000
Deposit Schedule
$5,500 at Signing
Total up to 2.5% in 0 days
$15,700
5% in 120 days
$25,900
5% on Occupancy
$31,400
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 | $33,000 | $34,000 | $36,000 | $38,000 | $40,000 | $42,000 | $44,000 | $47,000 | $49,000 | $52,000 | $414,000 |
| rent income | $2,000 | $9,000 | $9,000 | $10,000 | $10,000 | $10,000 | $11,000 | $11,000 | $12,000 | $12,000 | $97,000 |
| mortgage principal reduction | $2,000 | $9,000 | $9,000 | $10,000 | $10,000 | $10,000 | $11,000 | $11,000 | $12,000 | $12,000 | $97,000 |
| deposit interest | $817 | - | - | - | - | - | - | - | - | - | $817 |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $62,000 | $52,000 | $55,000 | $57,000 | $60,000 | $63,000 | $66,000 | $69,000 | $73,000 | $76,000 | $633,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $78,000 | - | - | - | - | - | - | - | - | - | $78,000 |
| remaining balance payment | $47,000 | - | - | - | - | - | - | - | - | - | $47,000 |
| closing cost | $48,000 | - | - | - | - | - | - | - | - | - | $48,000 |
| operating expense | $2,000 | $7,000 | $7,000 | $7,000 | $8,000 | $8,000 | $8,000 | $8,000 | $9,000 | $9,000 | $72,000 |
| mortgage payment | $7,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $266,000 |
| total expense investment | $183,000 | $36,000 | $36,000 | $36,000 | $36,000 | $37,000 | $37,000 | $37,000 | $37,000 | $38,000 | $512,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$120,799 | $16,000 | $19,000 | $21,000 | $24,000 | $26,000 | $29,000 | $32,000 | $35,000 | $39,000 | $121,000 |
| cumulative roi | $34 | $50 | $64 | $76 | $87 | $96 | $105 | $114 | $122 | $130 | $879 |
There’s a certain synchronicity to life at Radio Arts. Amenities that anticipate and fulfill a need. A harmony of people and place. A home that’s both an oasis and a convergence. Radio Arts is in tune with living life to the fullest, whether at home,...
Address: Hamilton, Ontario
Price Range: $477,000 - $721,000
Avail. suites: 27
0—3 bd
363—1020 SqFt