Suite number:
Podium Suites 31
Project:
Address:
Oshawa, Ontario
Developer:
Tribute Communities
Property type:
condo
Floor plan:
Bathrooms:
2
Bedrooms:
1.5
Size:
659 sqft
Occupancy Date:
Apr 2025
Price, CAD
$700,990
Available
ROI
Want to own a unit? —
Investment Period: 5 years
Yearly Return on Investment in Year 5
19.77%
Cumulative Return on Investment in Year 5
97.57%
Property Price at the End of Year 5
$903,000
Deposit Schedule
$10,000 at Signing
Total up to 5% in 30 days
$35,050
1% on Occupancy
$7,010
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 | $36,000 | $38,000 | $40,000 | $42,000 | $45,000 | $47,000 | $49,000 | $52,000 | $55,000 | $58,000 | $463,000 |
| rent income | $17,000 | $24,000 | $25,000 | $26,000 | $27,000 | $28,000 | $29,000 | $31,000 | $32,000 | $33,000 | $272,000 |
| mortgage principal reduction | $6,000 | $9,000 | $9,000 | $10,000 | $10,000 | $11,000 | $11,000 | $12,000 | $12,000 | $13,000 | $105,000 |
| deposit interest | $267 | - | - | - | - | - | - | - | - | - | $267 |
| gst hst rebate | $24,000 | - | - | - | - | - | - | - | - | - | $24,000 |
| total income return | $84,000 | $71,000 | $75,000 | $78,000 | $82,000 | $86,000 | $90,000 | $94,000 | $99,000 | $104,000 | $863,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $42,000 | - | - | - | - | - | - | - | - | - | $42,000 |
| remaining balance payment | $98,000 | - | - | - | - | - | - | - | - | - | $98,000 |
| closing cost | $51,000 | - | - | - | - | - | - | - | - | - | $51,000 |
| operating expense | $6,000 | $8,000 | $9,000 | $9,000 | $9,000 | $9,000 | $9,000 | $10,000 | $10,000 | $10,000 | $89,000 |
| mortgage payment | $26,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $35,000 | $342,000 |
| total expense investment | $224,000 | $43,000 | $44,000 | $44,000 | $44,000 | $44,000 | $45,000 | $45,000 | $45,000 | $45,000 | $622,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$139,340 | $28,000 | $31,000 | $34,000 | $38,000 | $42,000 | $46,000 | $50,000 | $54,000 | $59,000 | $241,000 |
| cumulative roi | $33 | $51 | $68 | $83 | $98 | $112 | $126 | $140 | $155 | $170 | $1,000 |
U.C. Tower 3
Address: Oshawa, Ontario
Price Range: $478,000 - $908,000
Avail. suites: 16
0—3 bd
363—960 SqFt