Suite number:
Podium Suites 118
Project:
Address:
Oshawa, Ontario
Developer:
Tribute Communities
Property type:
condo
Bathrooms:
1
Bedrooms:
0
Size:
363 sqft
Occupancy Date:
Jan 2025
Price, CAD
$477,990
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
15.20%
Cumulative Return on Investment in Year 5
78.25%
Property Price at the End of Year 5
$616,000
Deposit Schedule
$10,000 at Signing
Total up to 5% in 30 days
$23,900
1% on Occupancy
$4,780
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 | $25,000 | $26,000 | $28,000 | $29,000 | $30,000 | $32,000 | $34,000 | $35,000 | $37,000 | $39,000 | $315,000 |
| rent income | $4,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $6,000 | $6,000 | $6,000 | $6,000 | $53,000 |
| mortgage principal reduction | $5,000 | $6,000 | $7,000 | $7,000 | $7,000 | $8,000 | $8,000 | $8,000 | $9,000 | $9,000 | $75,000 |
| deposit interest | $54 | - | - | - | - | - | - | - | - | - | $54 |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $58,000 | $37,000 | $39,000 | $41,000 | $43,000 | $45,000 | $47,000 | $50,000 | $52,000 | $55,000 | $467,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $29,000 | - | - | - | - | - | - | - | - | - | $29,000 |
| remaining balance payment | $67,000 | - | - | - | - | - | - | - | - | - | $67,000 |
| closing cost | $45,000 | - | - | - | - | - | - | - | - | - | $45,000 |
| operating expense | $3,000 | $4,000 | $4,000 | $4,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $5,000 | $45,000 |
| mortgage payment | $19,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $23,000 | $229,000 |
| total expense investment | $163,000 | $27,000 | $28,000 | $28,000 | $28,000 | $28,000 | $28,000 | $28,000 | $28,000 | $29,000 | $415,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$105,714 | $10,000 | $11,000 | $13,000 | $15,000 | $17,000 | $19,000 | $22,000 | $24,000 | $26,000 | $52,000 |
| cumulative roi | $34 | $48 | $59 | $69 | $78 | $86 | $94 | $101 | $108 | $115 | $794 |
U.C. Tower 3
Address: Oshawa, Ontario
Price Range: $478,000 - $908,000
Avail. suites: 16
0—3 bd
363—960 SqFt