Suite number:
1513 - 1B+D-13
Project:
Address:
Hamilton, Ontario
Developer:
Slate Asset Management
Property type:
condo
Bathrooms:
1
Bedrooms:
1.5
Size:
647 sqft
Occupancy Date:
Mar 2028
Price, CAD
$614,900
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
24.18%
Cumulative Return on Investment in Year 5
117.24%
Property Price at the End of Year 5
$792,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in 30 days
$30,745
2.5% in 90 days
$15,373
2.5% in 150 days
$15,373
2.5% in 720 days
$15,373
2.5% in 1095 days
$15,373
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 | $32,000 | $34,000 | $35,000 | $37,000 | $39,000 | $41,000 | $43,000 | $46,000 | $48,000 | $50,000 | $406,000 |
| rent income | - | - | - | $9,000 | $13,000 | $14,000 | $15,000 | $15,000 | $16,000 | $17,000 | $99,000 |
| mortgage principal reduction | - | - | - | $5,000 | $8,000 | $9,000 | $9,000 | $9,000 | $10,000 | $10,000 | $60,000 |
| deposit interest | $3,000 | $5,000 | $4,000 | $4,000 | - | - | - | - | - | - | $15,000 |
| gst hst rebate | - | - | - | $24,000 | - | - | - | - | - | - | $24,000 |
| total income return | $35,000 | $38,000 | $39,000 | $79,000 | $61,000 | $64,000 | $67,000 | $70,000 | $74,000 | $77,000 | $603,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $61,000 | $15,000 | - | $46,000 | - | - | - | - | - | - | $123,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | $48,000 | - | - | - | - | - | - | $48,000 |
| operating expense | - | - | - | $6,000 | $9,000 | $9,000 | $9,000 | $9,000 | $10,000 | $10,000 | $61,000 |
| mortgage payment | - | - | - | $20,000 | $30,000 | $30,000 | $30,000 | $30,000 | $30,000 | $30,000 | $199,000 |
| total expense investment | $61,000 | $15,000 | - | $119,000 | $38,000 | $39,000 | $39,000 | $39,000 | $40,000 | $40,000 | $431,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$26,922 | $23,000 | $39,000 | -$40,741 | $22,000 | $25,000 | $28,000 | $31,000 | $34,000 | $37,000 | $172,000 |
| cumulative roi | $56 | $95 | $146 | $107 | $117 | $127 | $135 | $144 | $152 | $160 | $1,000 |
Corktown Condos
Address: Hamilton, Ontario
Price Range: $330,000 - $799,000
Avail. suites: 24
0—2.5 bd
302—864 SqFt