Suite number:
119
Project:
Address:
Grimsby, Ontario
Developer:
DeSantis Homes
Property type:
condo
Bathrooms:
1
Bedrooms:
1.5
Size:
642 sqft
Occupancy Date:
Mar 2026
Price, CAD
$679,990
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
21.47%
Cumulative Return on Investment in Year 5
102.62%
Property Price at the End of Year 5
$876,000
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 | $35,000 | $37,000 | $39,000 | $41,000 | $43,000 | $46,000 | $48,000 | $50,000 | $53,000 | $56,000 | $449,000 |
| rent income | - | $15,000 | $23,000 | $24,000 | $25,000 | $26,000 | $27,000 | $29,000 | $30,000 | $31,000 | $231,000 |
| mortgage principal reduction | - | $6,000 | $9,000 | $9,000 | $10,000 | $10,000 | $11,000 | $11,000 | $12,000 | $12,000 | $91,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | - | $24,000 | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $35,000 | $82,000 | $71,000 | $75,000 | $78,000 | $82,000 | $86,000 | $90,000 | $95,000 | $99,000 | $795,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | - | - | - | - | - | - | - | - | - | - | - |
| remaining balance payment | - | $136,000 | - | - | - | - | - | - | - | - | $136,000 |
| closing cost | - | $49,000 | - | - | - | - | - | - | - | - | $49,000 |
| operating expense | - | $5,000 | $8,000 | $8,000 | $9,000 | $9,000 | $9,000 | $10,000 | $10,000 | $10,000 | $78,000 |
| mortgage payment | - | $22,000 | $33,000 | $33,000 | $33,000 | $33,000 | $33,000 | $33,000 | $33,000 | $33,000 | $287,000 |
| total expense investment | - | $212,000 | $41,000 | $41,000 | $42,000 | $42,000 | $42,000 | $43,000 | $43,000 | $43,000 | $550,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $35,000 | -$130,416 | $30,000 | $33,000 | $37,000 | $40,000 | $44,000 | $48,000 | $52,000 | $56,000 | $245,000 |
| cumulative roi | - | $52 | $70 | $87 | $103 | $118 | $133 | $147 | $162 | $177 | $1,000 |
Century Condos
Address: Grimsby, Ontario
Price Range: $574,000 - $1,250,000
Avail. suites: 17
1—3 bd
490—1310 SqFt