Suite number:
1207 - 1B-S-04
Project:
Address:
Hamilton, Ontario
Developer:
Slate Asset Management
Property type:
condo
Bathrooms:
1
Bedrooms:
1.5
Size:
519 sqft
Occupancy Date:
Mar 2028
Price, CAD
$547,900
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
23.54%
Cumulative Return on Investment in Year 5
115.56%
Property Price at the End of Year 5
$706,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in 30 days
$27,395
2.5% in 90 days
$13,698
2.5% in 150 days
$13,698
2.5% in 720 days
$13,698
2.5% in 1095 days
$13,698
Net Gain (Loss)
Get Expert Advice
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 | $28,000 | $30,000 | $32,000 | $33,000 | $35,000 | $37,000 | $39,000 | $41,000 | $43,000 | $45,000 | $362,000 |
| rent income | - | - | - | $7,000 | $11,000 | $11,000 | $12,000 | $12,000 | $13,000 | $13,000 | $79,000 |
| mortgage principal reduction | - | - | - | $5,000 | $7,000 | $8,000 | $8,000 | $8,000 | $9,000 | $9,000 | $54,000 |
| deposit interest | $2,000 | $4,000 | $4,000 | $3,000 | - | - | - | - | - | - | $13,000 |
| gst hst rebate | - | - | - | $24,000 | - | - | - | - | - | - | $24,000 |
| total income return | $31,000 | $34,000 | $35,000 | $72,000 | $53,000 | $56,000 | $58,000 | $61,000 | $64,000 | $67,000 | $532,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $55,000 | $14,000 | - | $41,000 | - | - | - | - | - | - | $110,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | $46,000 | - | - | - | - | - | - | $46,000 |
| operating expense | - | - | - | $5,000 | $7,000 | $7,000 | $7,000 | $8,000 | $8,000 | $8,000 | $50,000 |
| mortgage payment | - | - | - | $18,000 | $27,000 | $27,000 | $27,000 | $27,000 | $27,000 | $27,000 | $178,000 |
| total expense investment | $55,000 | $14,000 | - | $110,000 | $34,000 | $34,000 | $34,000 | $34,000 | $35,000 | $35,000 | $384,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$23,986 | $20,000 | $35,000 | -$37,938 | $19,000 | $22,000 | $24,000 | $27,000 | $30,000 | $33,000 | $148,000 |
| cumulative roi | $56 | $95 | $146 | $106 | $116 | $125 | $133 | $141 | $149 | $156 | $1,000 |
Corktown Condos
Address: Hamilton, Ontario
Price Range: $330,000 - $799,000
Avail. suites: 24
0—2.5 bd
302—864 SqFt