Suite number:
911 B5
Project:
Address:
Richmond, British Columbia
Developer:
Canderel Residential Inc.
Property type:
condo
Bathrooms:
2
Bedrooms:
2
Size:
939 sqft
Occupancy Date:
Jun 2025
Price, CAD
$927,900
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
22.40%
Cumulative Return on Investment in Year 5
101.18%
Property Price at the End of Year 5
$1,195,000
Deposit Schedule
$10,000 at Signing
Total up to 5% in 7 days
$36,395
5% on Occupancy
$46,395
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 | $48,000 | $51,000 | $53,000 | $56,000 | $59,000 | $62,000 | $65,000 | $69,000 | $72,000 | $76,000 | $612,000 |
| rent income | $7,000 | $28,000 | $29,000 | $30,000 | $31,000 | $33,000 | $34,000 | $36,000 | $37,000 | $39,000 | $304,000 |
| mortgage principal reduction | $3,000 | $13,000 | $14,000 | $14,000 | $15,000 | $15,000 | $16,000 | $17,000 | $17,000 | $18,000 | $143,000 |
| deposit interest | $2,000 | - | - | - | - | - | - | - | - | - | $2,000 |
| gst hst rebate | $5,000 | - | - | - | - | - | - | - | - | - | $5,000 |
| total income return | $65,000 | $92,000 | $96,000 | $101,000 | $105,000 | $111,000 | $116,000 | $121,000 | $127,000 | $133,000 | $1,067,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $93,000 | - | - | - | - | - | - | - | - | - | $93,000 |
| remaining balance payment | $93,000 | - | - | - | - | - | - | - | - | - | $93,000 |
| closing cost | $37,000 | - | - | - | - | - | - | - | - | - | $37,000 |
| operating expense | $3,000 | $13,000 | $13,000 | $14,000 | $14,000 | $15,000 | $15,000 | $16,000 | $16,000 | $17,000 | $135,000 |
| mortgage payment | $11,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $43,000 | $393,000 |
| total expense investment | $236,000 | $55,000 | $56,000 | $56,000 | $57,000 | $57,000 | $58,000 | $58,000 | $59,000 | $59,000 | $750,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$170,552 | $36,000 | $40,000 | $44,000 | $49,000 | $53,000 | $58,000 | $63,000 | $69,000 | $74,000 | $317,000 |
| cumulative roi | $26 | $49 | $68 | $85 | $101 | $116 | $131 | $145 | $159 | $173 | $1,000 |
Located at Lansdowne and No. 3 Rd., in the middle of the new Downtown Richmond, you’ll be at the heart of it all — a vibrant and flourishing modern community with unlimited possibility. Luxe holds a special position in Richmond and will establish a n...
Address: Richmond, British Columbia
Price Range: $928,000 - $981,000
Avail. suites: 10
2 bd
932—1118 SqFt