Suite number:
510 - 1F+D
Project:
Address:
Hamilton, Ontario
Developer:
Matrix Development Group
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
1.5
Size:
567 sqft
Occupancy Date:
Apr 2024
Price, CAD
$462,900
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
31.74%
Cumulative Return on Investment in Year 5
149.84%
Property Price at the End of Year 5
$597,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in 30 days
$23,145
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 | $24,000 | $25,000 | $27,000 | $28,000 | $29,000 | $31,000 | $33,000 | $34,000 | $36,000 | $38,000 | $306,000 |
| rent income | - | - | - | - | - | - | - | - | - | - | - |
| mortgage principal reduction | $13,000 | $6,000 | $7,000 | $7,000 | $7,000 | $8,000 | $8,000 | $8,000 | $9,000 | $9,000 | $82,000 |
| deposit interest | - | - | - | - | - | - | - | - | - | - | - |
| gst hst rebate | - | - | - | - | - | - | - | - | - | - | - |
| total income return | $37,000 | $32,000 | $33,000 | $35,000 | $37,000 | $39,000 | $41,000 | $43,000 | $45,000 | $47,000 | $388,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | - | - | - | - | - | - | - | - | - | - | - |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | - | - | - | - | - | - | - | - |
| operating expense | - | - | - | - | - | - | - | - | - | - | - |
| mortgage payment | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $232,000 |
| total expense investment | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $232,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | $14,000 | $8,000 | $10,000 | $12,000 | $14,000 | $15,000 | $17,000 | $20,000 | $22,000 | $24,000 | $156,000 |
| cumulative roi | $159 | $148 | $147 | $148 | $150 | $153 | $156 | $159 | $163 | $167 | $2,000 |
Westgate on Main
Address: Hamilton, Ontario
Price Range: $335,000 - $549,000
Avail. suites: 10
0—2.5 bd
315—800 SqFt