Suite number:
529
Address:
Oakville, Ontario
Developer:
Minto Communities
Property type:
condo
Floor plan:
Bathrooms:
1
Bedrooms:
1
Size:
529 sqft
Occupancy Date:
Jan 2028
Price, CAD
$587,900
Available
ROI
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Investment Period: 5 years
Yearly Return on Investment in Year 5
22.50%
Cumulative Return on Investment in Year 5
108.87%
Property Price at the End of Year 5
$757,000
Deposit Schedule
$5,000 at Signing
Total up to 5% in 30 days
$29,395
5% in 300 days
$29,395
5% in 670 days
$29,395
5% on Occupancy
$29,395
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 | $32,000 | $34,000 | $36,000 | $37,000 | $39,000 | $41,000 | $44,000 | $46,000 | $48,000 | $388,000 |
| rent income | - | - | - | $11,000 | $13,000 | $13,000 | $14,000 | $15,000 | $15,000 | $16,000 | $97,000 |
| mortgage principal reduction | - | - | - | $7,000 | $8,000 | $8,000 | $8,000 | $9,000 | $9,000 | $10,000 | $58,000 |
| deposit interest | $538 | $5,000 | $5,000 | $113 | - | - | - | - | - | - | $10,000 |
| gst hst rebate | - | - | - | $24,000 | - | - | - | - | - | - | $24,000 |
| total income return | $31,000 | $37,000 | $38,000 | $78,000 | $58,000 | $61,000 | $64,000 | $67,000 | $70,000 | $74,000 | $577,000 |
Expense/ Investment
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| deposit | $59,000 | $29,000 | - | $29,000 | - | - | - | - | - | - | $118,000 |
| remaining balance payment | - | - | - | - | - | - | - | - | - | - | - |
| closing cost | - | - | - | $49,000 | - | - | - | - | - | - | $49,000 |
| operating expense | - | - | - | $6,000 | $7,000 | $7,000 | $8,000 | $8,000 | $8,000 | $8,000 | $52,000 |
| mortgage payment | - | - | - | $27,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $29,000 | $204,000 |
| total expense investment | $59,000 | $29,000 | - | $112,000 | $37,000 | $37,000 | $37,000 | $37,000 | $37,000 | $37,000 | $422,000 |
Other
| Category | Y1 | Y2 | Y3 | Y4 | Y5 | Y6 | Y7 | Y8 | Y9 | Y10 | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| net gain loss | -$27,769 | $8,000 | $38,000 | -$33,875 | $21,000 | $24,000 | $27,000 | $30,000 | $33,000 | $36,000 | $155,000 |
| cumulative roi | $53 | $77 | $121 | $98 | $109 | $119 | $128 | $137 | $145 | $154 | $1,000 |
North Oak Tower Condos at Oakvillage
Address: Oakville, Ontario
Price Range: $588,000 - $991,000
Avail. suites: 45
1—2.5 bd
490—980 SqFt