Suite number:
322
Project:
Address:
Grimsby, Ontario
Developer:
DeSantis Homes
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
1
Size:
525 sqft
Occupancy Date:
Mar 2026
Price, CAD
$573,990
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
17.69%
Cumulative Return on Investment in Year 5
87.95%
Property Price at the End of Year 5
$739,000
Deposit Schedule
$5,000 at Signing
Total up to 10% in 180 days
$57,399
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 | $30,000 | $31,000 | $33,000 | $35,000 | $37,000 | $38,000 | $40,000 | $43,000 | $45,000 | $47,000 | $379,000 |
| rent income | $3,000 | $12,000 | $13,000 | $14,000 | $14,000 | $15,000 | $15,000 | $16,000 | $17,000 | $17,000 | $136,000 |
| mortgage principal reduction | $2,000 | $7,000 | $8,000 | $8,000 | $8,000 | $9,000 | $9,000 | $10,000 | $10,000 | $10,000 | $80,000 |
| deposit interest | $715 | - | - | - | - | - | - | - | - | - | $715 |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $59,000 | $51,000 | $53,000 | $56,000 | $59,000 | $62,000 | $65,000 | $68,000 | $71,000 | $75,000 | $620,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $57,000 | - | - | - | - | - | - | - | - | - | $57,000 |
| remaining balance payment | $57,000 | - | - | - | - | - | - | - | - | - | $57,000 |
| closing cost | $48,000 | - | - | - | - | - | - | - | - | - | $48,000 |
| operating expense | $2,000 | $6,000 | $6,000 | $6,000 | $6,000 | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 | $61,000 |
| mortgage payment | $7,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $266,000 |
| total expense investment | $172,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $36,000 | $36,000 | $36,000 | $36,000 | $490,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$112,652 | $16,000 | $19,000 | $21,000 | $24,000 | $26,000 | $29,000 | $32,000 | $36,000 | $39,000 | $130,000 |
| cumulative roi | $34 | $50 | $64 | $77 | $88 | $99 | $109 | $118 | $128 | $138 | $904 |
Century Condos
Address: Grimsby, Ontario
Price Range: $574,000 - $1,250,000
Avail. suites: 17
1—3 bd
490—1310 SqFt