Suite number:
534
Address:
Oakville, Ontario
Developer:
Minto Communities
Property type:
condo
Bathrooms:
1
Bedrooms:
1
Size:
534 sqft
Occupancy Date:
Jan 2028
Price, CAD
$596,900
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
23.46%
Cumulative Return on Investment in Year 5
113.34%
Property Price at the End of Year 5
$769,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in 30 days
$29,845
5% in 300 days
$29,845
5% in 670 days
$29,845
5% on Occupancy
$29,845
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 | $31,000 | $33,000 | $34,000 | $36,000 | $38,000 | $40,000 | $42,000 | $44,000 | $47,000 | $49,000 | $394,000 |
| rent income | - | - | - | $10,000 | $13,000 | $13,000 | $14,000 | $15,000 | $15,000 | $16,000 | $97,000 |
| mortgage principal reduction | - | - | - | $6,000 | $8,000 | $8,000 | $9,000 | $9,000 | $10,000 | $10,000 | $60,000 |
| deposit interest | $2,000 | $5,000 | $5,000 | $503 | - | - | - | - | - | - | $12,000 |
| gst hst rebate | - | - | - | $24,000 | - | - | - | - | - | - | $24,000 |
| total income return | $33,000 | $38,000 | $39,000 | $77,000 | $59,000 | $62,000 | $65,000 | $68,000 | $71,000 | $75,000 | $587,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $60,000 | $30,000 | - | $30,000 | - | - | - | - | - | - | $119,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | $47,000 | - | - | - | - | - | - | $47,000 |
| operating expense | - | - | - | $6,000 | $7,000 | $8,000 | $8,000 | $8,000 | $8,000 | $9,000 | $53,000 |
| mortgage payment | - | - | - | $24,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $198,000 |
| total expense investment | $60,000 | $30,000 | - | $107,000 | $36,000 | $37,000 | $37,000 | $37,000 | $37,000 | $38,000 | $418,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$27,026 | $8,000 | $39,000 | -$29,935 | $23,000 | $25,000 | $28,000 | $31,000 | $34,000 | $37,000 | $168,000 |
| cumulative roi | $55 | $78 | $122 | $102 | $113 | $123 | $133 | $142 | $151 | $159 | $1,000 |
North Oak Tower Condos at Oakvillage
Address: Oakville, Ontario
Price Range: $588,000 - $991,000
Avail. suites: 45
1—2.5 bd
490—980 SqFt