Suite number:
Floor 10 - SILK
Project:
Address:
Ottawa, Ontario
Developer:
Claridge Homes
Property type:
condo
Bathrooms:
1
Bedrooms:
0
Size:
540 sqft
Occupancy Date:
Jan 2025
Price, CAD
$424,000
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
79.54%
Property Price at the End of Year 5
$546,000
Deposit Schedule
$20,000 at Signing
Total up to 10% in 30 days
$42,400
10% on Occupancy
$42,400
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 | $22,000 | $23,000 | $24,000 | $26,000 | $27,000 | $28,000 | $30,000 | $31,000 | $33,000 | $35,000 | $280,000 |
| rent income | $6,000 | $8,000 | $8,000 | $8,000 | $9,000 | $9,000 | $10,000 | $10,000 | $10,000 | $11,000 | $89,000 |
| mortgage principal reduction | $5,000 | $6,000 | $6,000 | $6,000 | $7,000 | $7,000 | $7,000 | $7,000 | $8,000 | $8,000 | $66,000 |
| deposit interest | $151 | - | - | - | - | - | - | - | - | - | $151 |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $57,000 | $37,000 | $38,000 | $40,000 | $42,000 | $44,000 | $47,000 | $49,000 | $51,000 | $54,000 | $459,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $85,000 | - | - | - | - | - | - | - | - | - | $85,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | $44,000 | - | - | - | - | - | - | - | - | - | $44,000 |
| operating expense | $5,000 | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | $8,000 | $8,000 | $8,000 | $8,000 | $73,000 |
| mortgage payment | $17,000 | $21,000 | $21,000 | $21,000 | $21,000 | $21,000 | $21,000 | $21,000 | $21,000 | $21,000 | $203,000 |
| total expense investment | $151,000 | $27,000 | $27,000 | $28,000 | $28,000 | $28,000 | $28,000 | $29,000 | $29,000 | $29,000 | $404,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$94,386 | $9,000 | $11,000 | $13,000 | $14,000 | $16,000 | $18,000 | $20,000 | $22,000 | $25,000 | $55,000 |
| cumulative roi | $35 | $49 | $60 | $70 | $80 | $88 | $96 | $104 | $111 | $118 | $811 |
Claridge Royale
Address: Ottawa, Ontario
Price Range: $416,000 - $1,023,000
Avail. suites: 42
0—2 bd
540—980 SqFt